Carsales would definately slow in a recession but the total cost of ownership will be increasingly factored when considering a purchase. This is what will cause EV uptake to accelerate.
Remember the ICE adoption and occured during a world war. The EV adoption will continue and i wouldnt be surprised if it acrually accelarates. It was only last week that CEO of battery manufacturer that makes Leaf's battery said $100/kwh will be achieved by the end of 2020. It was originally planned for 2023.
Is this a buy?, page-103
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Last
$3.10 |
Change
-0.055(1.75%) |
Mkt cap ! $9.215B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $42.64M | 13.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 49315 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 132111 | 39 |
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| PLS (ASX) Chart |