The BEV market may be in for some headwinds with Iran about to...

  1. =V=
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    The BEV market may be in for some headwinds with Iran about to go into full production again. Iran has the 4th largest oil deposit in the world and there is a prediction that additional supply may push the US pump price to less than 2USD per gallon.

    Elon will not be happy. Trying to turn out 500,000 vehicles a year with high oil prices would be a walk in the park but with super low oil prices he will surely be losing sleep. There will always be a niche market for luxury BEV's but with cheap oil the lower entry point market that some companies are chasing may turn out to be a mirage.

    BMW is I believe on the right path with their entire lineup about to go hybrid. Short range under a smallish battery that can be charged overnight from a normal household power outlet plus the old dependable ICE as a safety net for when one wants to put some 100's of km's behind them.

    Sure is interesting.

    Oh ... and in the meantime running your car from water is getting a little bit closer.

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