Reuters has just published a blockbuster forecast: Global automakers plan to invest $1.2 trillion in electric vehicles, batteries and supply chains between now and 2030. That is a massive, unprecedented number in the 130-year history of the auto industry. Just how big is 1.2 trillion? It is the equivalent to the GDP of Spain. It is also the same as Apple's market cap. Which companies are investing the most? Where are their investments concentrated? Is it in new vehicles, batteries, mining or something else? Author of this important report, Paul Lienert, tells us that the 2022 projection of $1.2 trillion in new investments is twice the 2021 number. What has caused the sudden spike in EV investing? And who will be winners and losers in 2030?

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