“What is important is that the newest and best technology is used. We are in a transformation phase away from the combustion engine.”
German Chancellor Angela Merkel backed off from diesel, a technology her government had long supported, but remained committed to the “efficient” combustion engine or hybrid during said transformation.
“To contrast Tesla with even the most forward looking (manufacturers), we estimate Tesla will invest $32.7 billion over the next 5 years – roughly 40% more than Daimler and Volkswagen combined have committed for their EV projects.”
These rather astonishing numbers come from Analyst Alexander Haissl of Berenberg Bank located in Hamburg. He thus assumes that Tesla will “be given a near-monopolistic opportunity” to win EV market share.
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