As Big Auto and Big Oil get disrupted, the adjustment for investors won't be small
As Big Auto and Big Oil get disrupted, the adjustment for investors won't be small. Now that China has effectively greenlit the electric car industry globally (new rules, to be phased in over two years, mean that not less than 30 per cent of all new cars bought for official use in China each year must be new energy vehicles), it seems like an apposite time to be talking about where the newest and by far the largest waves in disruption are heading: directly towards Big Oil and Big Auto. Remember, as (of all people) former Saudi oil minister Sheikh Yamani once pointed out, the Stone Age didn't finish for lack of stone. The core to business disruption is the better mousetrap. The current mousetrap - expensive oil, environmental damage, 100 years of conflict through US/Middle Eastern geopolitics - is clearly broken. Read my BRW article:(VIEW LINK)
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CIO of Loftus Peak, a specialist global fund manager with a track record of successful investment in some of the world's fastest-growing listed businesses.
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