A very pro electric viewpoint. The thing is, there is often more than a few grains of truth, in any extreme forecast.
If anything, the EV's are going to roll out faster in more affluent, more densely populated regions you would expect.
That sounds like Germany and the wider EU to me - so European automakers have a limited amount of time here - even if this prediction is half correct.
U.S. automakers are struggling to hold key support levels after a terrible start to 2017, fueled by declining sales in key venues as well as limp metrics compared to prior years. Uncertainty about NAFTA and trade policy has added to selling pressure, with investors worried that labor costs would rise significantly if foreign production facilities are curtailed, lowering profit margins and competitiveness compared to European and Asian rivals.
As a side note, upstart Tesla, Inc. (TSLA) doesn’t fit well into this comparative analysis because it’s focused on a small luxury segment while its battery and solar technologies have the potential to attract revenue in a wide range of industries. Even so, it’s shocking the company now holds a higher market cap than these American icons, reflecting speculative fervor that may never come to fruition.
