I'm pretty impressed with VW's pivot into EV production. They are getting a lot right with the modular drivetrain, circular battery supply chain, vertical integration (in fact a friend commented their Power Day presentation slides looked a lot like Tesla's Battery Day). They have a huge lead in Europe with brand recognition (most people have forgotten dieselgate already), and the proof is in the pudding is what I see on the roads: lots of ID.3's out there driving around.

My main concern as a VW shareholder would be what the gross margins are like on their EV programme. They've been quite close-lipped about that (I even read some earnings calls trying to find out); analysts don't seem really sure either. But building an EV these days isn't just about the drivetrain, it's also about the over-the-air updates and all the other technology that goes into them, and that stuff all together is hard to get right. (I think VW had quite some teething problems with their software).

VW is my current favourite besides Tesla though. They have the most concrete roadmap, they have EV's on the road now (beating Tesla on deliveries in some countries), they have the capital and the engineering expertise.

I do think Toyota's solid state battery might have some promise but there's so little information that it seems more aspirational to me than a concrete strategy. I'd love to see Toyota be one of the legacy manufacturers that successfully competes in the EV age though, as a company they've done a lot of pioneering work in manufacturing.

Definitely interesting times!