Europe takes electrification of its transportation very seriously. Prices for gas are more than double the US level in places like UK. E-bikes will be the rapidly growing sector in Europe and Asia.
"Lithium Charge: Germany to pay bln euro subsidy for electric cars. Finally, we have a decisive move by the German government to support the roll out of Electric Cars. We hope that from now on German automakers will follow.
We have a very strange feeling that German automakers were taken by surprise by the real shift towards Electric Cars and Lithium based technology. Billions were burnt on Hydrogen and "Clean" diesel. Problem with both that they are still in need of fossil fuels, which are running out according to the estimates of German military analysts."