We need to join the race before it's too late

THE electric vehicle (EV) revolution is going on globally. We should follow the European Union (EU) nations that have undertaken massive drives in the industry, becoming the world's leading manufacturers of EVs.
In 2020, EU countries sold 1.4 million EVs compared with China's 1.3 million, including what is called garbage EV.
European EV sales have jumped 137 per cent despite the pandemic and that figure could reach 1.9 million this year as VW Group, Stellantis N, and BMW AG map out plans for new models and higher output, and Ford Motor C. and Volvo Cars commit to going almost all-electric.
Worldwide, EV sales have risen 43 per cent to over three million vehicles last year, while the global auto market was down by 20 per cent year-on-year overall. This growth also meant similar increases in the manufacturing of EV batteries, components, and software.
One of the major costs of EV manufacturing is the batteries, which is about 25 per cent of the total cost. The EU has provided financial support of at least €6.1 billion for the manufacturing of EV batteries.
Investment plans by EU countries' companies in the manufacturing of EV batteries for 2019 were estimated to be about €60 billion, triple compared to what has been spent by China.