I'm approaching this as a car nerd, not an investment genius but i really think that sector will have insane growth in the next decade. Faster than current projections.
Right now today a BRAND NEW Tesla Model 3 is about the cheapest car on the road to own. Sounds crazy, most people still see Tesla as a rich kids toy but i've looked at all the numbers, battery degradation, overall cost, resale, etc and a new Tesla is a really wise investment for most people.
If they redo the EV tax credit (US taxpayers) it becomes a no brainer.
Question is, when will most people realize this?
Unlike ICE cars and most other durable goods, EV's have a huge margin for continued cost reduction. They will keep getting better and cheaper.
Likewise, once the commercial truck makers break the 650 mile barrier, that sector will flip overnight.
Going forward as an investor I want to be neck deep in batteries, charging systems, mining and the actual cars. For now Tesla and Rivian are about the only EV only players and the other car makers are wrapped around their ICE legacy products but i'll be looking at the ones who have the best product and are dumping ICE the quickest.
What do ya'll think ?
Submitted September 24, 2021 at 11:50AM by SuddenlySilva https://ift.tt/3CMaN7B
