It's probably worth noting that EV sales and demand is nowhere near the predictions from 2010 and 2012. 5x and 10x bellow predicted EV sales from 2010 and 2012 (time of those supply/demand forecasts).
And neither was demand in 2016 as high as forecasted demand, when those plans were first announced. Just as we have bunch of forecasted supply, from past years, being put on the back burner now.
for example: Nissan/Renault had conservative estimates of EV sales being over 10% of global auto sales by 2020.
Various analysts were predicting global EV sales to be anywhere between 20% to 40% of all vehicle sales.
Some were even predicting that every new car sold in 2020 would be either full EV or hybrid...
Just a food for thought regarding analytical forecasts deep into future. They are more often way off the mark then not.
GXY Price at posting:
$1.31 Sentiment: None Disclosure: Not Held