The Upcoming EV Explosion

taskmaster4450le in LeoFinance • 9 months ago

China sales last month reveal 51% of the total were either BEV or PHEV. BEV accounted for 28% of the total. This means those sales outpaced ICE.

This is the largest car market in the world, by a wide marging.

In this video I discuss how we are going to see an EV explosion. For the moment, EVs are premium autos. There arent really economy priced vehicles outside China. That is going to change. Once it does, the adoption rate in the US and Western Europe will follow a similar path.

By the way, a year ago, PHEV and BEV sales in China accounted for 36% of the total.

▶️ 3Speak

#leofinance #china #evs #industry #tesla #mancave #neoxian #archon

9 months ago in LeoFinance by taskmaster4450le

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outwars 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.

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taskmaster4450le 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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