GXY 0.00% $5.28 galaxy resources limited

Great investigative work there. Well done.So it seems by my...

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    Great investigative work there. Well done.

    So it seems by my understanding EV uptake is limited firstly, to those that already have a LP and looking to upgrade and then secondly to government controlled allocations of LPs. While, this second component seems to be at the hands of the major cities, the numbers are highly significant. So if only Beijing has 3 million people wanting to join the car market then nwe can see clearly how the government can control up or down total car sales.

    So for example if China starts to fall behind in the EV race and they want to jump back on top or to simply turn around the auto downturn caused by covid all they need to do is release more plates in major cities.

    In other words if the government really wanted to they could ensure EV growth continued YoY very easily. I guess the limiting factor is simply congestion and how many cars in a city is enough.

    To forecast growth then we really need to look at the upgrade cycle to calculate the rate that upgrades to EVs would take place.

    Interesting stuff
 
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