Electric Car Trend Will Continue to Accelerate, Says BlackRock’s Bishop

The transcript discusses the rapid growth of electric vehicles, particularly in China, where the market has doubled compared to the previous year. Despite being a small percentage of global car volumes, electric vehicles are the only segment showing significant growth, driven by regulatory pressures such as the 2021 emission targets in Europe. The automotive industry is shifting towards electrification to avoid fines, with new models like the Audi E Tron and Mercedes EQ being launched. Investment opportunities are highlighted across the value chain, from raw materials to technologies and infrastructure, with a projected 50-fold market increase over the next 20 years.

What are some of the electric vehicle models mentioned in the text?

What is the expected market growth for electric vehicles over the next 20 years?