"Global automakers planning to spend", isn't customers planning to buy. They have to sell them. Not just make them. And that's in just 8 years. They better get moving. Especially around here. You'll find a gold nugget on the sidewalk before you see a EV in these parts.
Well from a guy that keeps a cell phone plugged in 100% of the time, I am not surprised you have this opinion.
Where I live, EVs are everywhere. It is currently, quite literally, approximately 1/8 the cost to drive the same distance with electricity opposed to gasoline because the spread on fuel and electricity price is very high. Once the actual price of EVs comes more in line with ICE vehicles, which will happen in the next 3-5 years because they are absolutely cheaper to manufacture, the adoption rate will skyrocket. It would be financially stupid not to drive one.
But I also understand some people like to drive one-tons because they need to tow a 4000 lb boat once every two years. They can continue doing what they’re doing which is wasting a boatload (pun intended) of money.