Another interesting article - this time from F1 with a reference on 50B Ford are spending on EV development.

https://www.formula1.com/en/latest/article.analysis-why-have-ford-decided-to-come-back-to-f1-now-and-what-does-it-mean.2IQkChq5hv190I0kRefDp8.html

Below is an article from CNN this morning. I would think there are a few ASX companies investing in this area in Europe that will benefit.

https://edition.cnn.com/2023/02/01/business/europe-green-deal-industrial-plan/index.html