Neahs has a India and China focus....not much new here in the states...
“A $2 trillion disruptive industry is going to happen," he says. "It is happening. And it’s right under our nose.”
By 2035, as automobile ownership swells in nations like China and India, manufacturers could be cranking out 140 million vehicles annually, he says. Somewhere between 50 million and 70 million of them are likely to be electric, as battery prices continue to fall and nations including China, England, and Germany prepare to restrict combustion engines.
If those vehicles sold for $30,000 on average, it would add up to a $2 trillion industry annually on the high end. And an enormous cut of that will go to battery makers and suppliers.
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