The internal combustion engine for the world meant mobility to the masses however one of the consequences is the gasoline powered car produces exhausts which contributes to climate change because of the numbers. Part of the solution is to move towards electric where there is little direct exhaust for climate change. There will be other concerns what to do with millions of batteries, but one solution first.
In an article from Reuters, Toyota Motor Company announced it has plans to invest $6.9 billion in plants to make batteries in both Japan and the US.
This follows the announcement by Honda that it had partnered with LG Energy Solutions to build a $4.4 billion lithium-ion battery plant for electric vehicles in the US.
All auto companies will need batteries particularly because the largest market of California will not allow new sales of internal combustion engines after 2030.
Linking to dividend paying stocks, all companies react to government regulations, some are leading edge, some wait until they have to, and some in between. Ideally a profitable company can and will stay up to date with the latest trends and they have the resources to buy companies that are leading edge to maintain their market share. What do your company investments do?
There are more questions than answers, till the next time – to raising questions.