- It has become clear that battery electric vehicles (BEVs) more broadly, and fuel cell electric vehicles (FCEVs) more narrowly with respect to heavy vehicles, will roll past internal combustion engines (ICEs) over the next decade.
- Against substantial opportunity, picking the winners given the costs of the ICE-to-EV transformation and the threat of pandemic recession is dicey.
- With an eye on geopolitics, we are invested in three foreign manufacturers of light-to-heavy EV’s, two of which have a major presence in the US.
For further details see:
Goodbye Internal Combustion Engine, Hello Electric Vehicles