Huh? The overall cost of EV is already less than ICE. Demand can weaken and sales will still be growing. Any economic impact will be felt in ICE sales far more and they will just die quicker.
40% of new sales are fleet and EV have huge cost benefits not to mention the pressure on companies to take the lead.
Increasing lithium supply is constantly overstated. All miners are optimistic with their projections to bring in investment. Inflation is wreaking havoc with the costs of building the mines, supply of labour and materials is a nightmare and we know production always takes longer to ramp up than expected. Prices are never dropping as far as most believe.
Demand is the opposite and sales keep getting revised upwards. More EV models are coming on the market every month. Wait times are horrendous. Even if demand were to weaken we would just get our cars quicker.
I get the fear. The market has had a huge rise. But hold on buddy, the ride is just starting.
Huh? The overall cost of EV is already less than ICE. Demand can...
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$4.19 |
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Change
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