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In the Race for Investment Dollars, Cars Are Pulling Ahead

Not just cars: everything from heavy trucks to snowmobiles stand to benefit from the energy transition.

A Scania AB R450 cargo e-truck powered by overhead electrical power lines drives alongside other non-electric trucks on the A5 autobahn between Frankfurt and Darmstadt, Germany.

A Scania AB R450 cargo e-truck powered by overhead electrical power lines drives alongside other non-electric trucks on the A5 autobahn between Frankfurt and Darmstadt, Germany.

Photographer: Alex Kraus/Bloomberg

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You may have seen that investment in the transition to carbon-free energy—in renewables, electric heat, energy storage, and electrified transport—topped a half-a-trillion dollars in 2020. The projects and technologies financed by that big money will reduce the carbon intensity of things like generating power, heating buildings, and moving us around for years to come.