Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

0.00%

$5.28 galaxy resources limited

No, I think 5% would be more realistic, the driving experience...

First 31 Last

Share
Profile

Follow
Sintypitch

149 Posts.

07/09/16

00:59

Post #: 18977751
Share

Originally posted by airconditioner ↑

You think it might be faster than that? Me too.
One word.
Cost.

Battery prices are plummeting from giga-factory scale, even as lithium prices go up.
And more powerful at the same time via R&D competition.
Electric vehicles will be far cheaper to produce at volume.
Simple drive train to install in comparison to the number of parts in a convention petrol engine.
They're faster, cleaner, cheaper to maintain, safer and integrate perfectly with digital control.
They cost a fraction to run - or free via solar.
The auto-pilot functions and systems that once cost 10s of thousands per vehicles are being implemented for hundreds.
Tesla plans include your ability to assign it to work as an auto-piloted uber taxi for you during the day to earn money and/or after recharging sell their excess power back to the grid or make it available to your home.
Infrastructure to mandate external car charging ports is now part of Chinese building code and is being introduced in some parts of Europe.
Then, by no means the smallest reason - there is the huge environmental impact - EVs would result in a massive reduction in annual global emissions. This is the whole point of the Paris Climate Agreement.

Norway will be 100% EV in a little over 8 years.

Why would you think the rest of the world would be so far behind?
Why would you even consider buying a petrol car as soon as the electric car was better by every single measure - cleaner, quieter, cheaper, safer and faster?
Once the petrol stations start going out of business then it's game over.
At that point it isn't even our decision any more.
If you can't get fuel as easily as you can today then the ICE age is over.

Expand

No, I think 5% would be more realistic, the driving experience with a EV is totally not the same as with a regular engine. I've driven a BMW i8 and the real fun starts when the non-electric engine kicks in.

I personally think full EV's won't break records but hybrids will. But then again, I can be biased since I've driven the BMW i8...

GXY Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

LLC

ACCC raises competition concerns about acquisition of Lendlease projects