According to the Electric Viking (Youtube channel) who I believe is very objective and is very accurate in his predictions about the EV market so far EV vehicles will sell at same prices as Combustible Engine cars (Petrol cars). (At least in the major car markets (EU, China and US). Australia is a bit behind because of the Australian government clinging to petrol and coal.)
In 2026 EVs purchase cost are likely to be cheaper.
On top of it EVs have better performance, are cheaper to run (No oil or expensive petrol required, no regular check ups) and EVs last double as long as petrol cars +++
Who will buy Petrol cars in 2 years. The price depreciation will be enormous as the sale value of petrol cars will almost be $0 in 2030/35.
I said in a previous comment that a doubling of the Lithium price this year is possible. So far 25% up in 2022.
Even if there should be a recession. Battery and car manufacturers need to ensure supplies beyond and temporary downturn.
It is likely though that some car manufacturers names won't be around by the end of the decade. (GM, Toyota, Mitsubishi, Renault ???)
Exciting times ahead.
K
EUR Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
