German taxpayers are handing BMW €273m to once again attempt to push hydrogen-powered cars, when battery prices have once again dropped >50% in the past ~18 month and CATL is on its 5th-gen LFP battery.

CATL, BYD et al must be laughing all the way to the bank.

Sigh.

https://www.spiegel.de/wirtschaft/wasserstoff-autos-bmw-erhaelt-staatliche-foerderung-zur-entwicklung-a-47a5e2a4-499e-42a8-a6c3-702e382276c0

#CATL #BYD #BMW #Germany

German taxpayers are handing BMW €273m to once again attempt to push hydrogen-powered cars, when battery prices have once again dropped >50% in the past ~18 month and CATL is on its 5th-gen LFP battery.

CATL, BYD et al must be laughing all the way to the bank.

Sigh.

https://www.spiegel.de/wirtschaft/wasserstoff-autos-bmw-erhaelt-staatliche-foerderung-zur-entwicklung-a-47a5e2a4-499e-42a8-a6c3-702e382276c0

#CATL #BYD #BMW #Germany