The last part of you statement is silly. Google is your friend. The industry as a whole will spend trillions of dollars on EV development by all manufacturers.I wouldn't buy stock in any auto company, but I'd especially avoid GM and Volkswagen as they seem to be wasting the most money on EVs.
https://www.reuters.com/technology/...evs-batteries-12-trillion-by-2030-2022-10-21/
BTW-18% of new cars sold in California are EVs
https://electrek.co/2022/10/27/elec...that electric car,whole of the United States.