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RE: The Upcoming EV Explosion

in LeoFinance • 9 months ago

I do think the adoption of EV is mostly based on the price of the units. As long as ICE are significantly cheaper, then people will continue to buy it. But once the EV price gets closer, and the cost of charging vs cost of gas makes it better to own EV, then that is when the mass adoption will happen.

9 months ago in LeoFinance by
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         9 months ago 

        ICE likely wont be cheaper when the EV manufacturers roll out economy cars. They are still premium (except in China). But the tariffs are preventing the China from undercutting the market.

        Ironically, the legacy car makers are going to end up dumping ICE. US inventories skyrocketed. It is a bad time for them.

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