Battery Electric Vehicle (BEV) > Internal Combustion Engine (ICE) by 2032
CNBC, Oct 2022 — Toyota, the world’s largest automaker, plans to invest $70 billion in electrified vehicles over the next nine years. Half of that will be for all-electric battery ones. [CEO] Toyoda also believes there will be “tremendous shortages” of lithium and battery grade nickel in the next five to 10 years, leading to production and supply chain problems.
September 2022 - Biden announces $900m for EV charging network across 35 states