Listen to the interview in the link below from 11:30 - 13:00 minutes. Blackrock is the world largest alternate asset manager. For someone like Blackrock CEO Fink to come out and say that EVs are the future and countries should invest into EV infrastructure is a testament to resiliency of the change happening around the world.
https://www.bloomberg.com/news/articles/2019-03-08/blackrock-s-fink-sees-german-auto-slump-ahead-of-electric-switch
A car is the second largest purchase ever after buying a home for any family.We have heard China auto sector shrank by a 1/3rd in Jan-Feb 2019 over the same period last year, yet EV demand grew 50%+. I think it’s not a one time event and in China more and more people will start deferring their car purchases and will wait for an EV model that they would like to buy.
DYOR
Electric cars thread, page-552
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