The World Must Spend $2.7 Trillion on Charging Stations for Tesla to Fly
- Infrastructure spend is ‘so large,’ it will force innovation
- China to account for third of global EV infra spend by 2040
Why Electric Cars Aren't Taking Over Yet
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A $2.7 trillion chasm stands between electric vehicles and the infrastructure needed to make them popular.
That’s how much Morgan Stanley says must be spent on building the supporting ecosystem for EVs to reach its forecast of 526 million units by 2040.