gastrader, when it comes to "demand destruction", there is another factor
that will have a significant impact on demand destruction going forward.
Choice.
While a recession and inflation will impact on overall demand for cars,
there will continue to be a large universe of new car buyers willing to ante
up additional dollars. Many of them are loyal to a particular brand. I am loyal
to Mustangs. If I want a new one I have no choice but to go electric.
More and more automobile OEM's are spending enormous amounts of capital
retooling their plants to electric models. Folks like Goldman Sacks do not analyse
deep enough. That is why they keep getting the supply/demand equation wrong.
Demand for electric cars will continue to increase because this retooling is now
past the tipping point both tactically and strategically. In the not so distant future the
choice in buying a car will be electric or used, not electric or internal combustion engine.
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