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All in opinion: In 1903.... There was barely a car on the road....

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    All in opinion:
    In 1903....
    There was barely a car on the road.
    Horses dominated the roads.
    Pubs were essentially stop overs to rest horses and humans.
    Gas Stations were rare.

    In 1920 till now....
    Essentially No Horses on the roads.
    Oil investors enjoy fruits of 100 year ICE growth story.
    Oil countries became rich.
    Gas stations peaked as Supermarkets/Franchises got in on it and consumers watched every cent filling up as price fluctuated to save a dime.
    Car manufactures and spare part manufactures enjoyed an aging ICE market as cars got cheaper to manufacture, technology improvements allowed easier R&D in the industry which led to where we are now the emergence of EV vehicles and their low cost solutions.
    OPEC emerged in 1960.
    Fuel prices fluctuated. I looked for good old Cheap Tuesday cycle for car fill ups.....
    Battery Storage and Power options evolved significantly.
    Technology across the board ramped up and so did computer capabilities, sensors, electronics and Automation.
    Pubs aren't what they used to be.

    Now and beyond.....
    There will barely be any ICE vehicles on the road in a few decades, as they could end up in a museum or recycled into EV parts, EV cars. Perhaps 3D printed on a mass scale as the technology improves and more materials can be used....
    Clean automated machines (Land, Air, Rail) will dominate the roads.
    Humans will continue to race cars as a spectator sport along with Drones, Planes etc for entertainment.
    Horses will remain, ICE will become a museum artifact or a rare antique vehicle.
    Humans enjoy a cleaner environment.
    Gas Stations will become charging stations and coffee / eat hubs.
    Those who don't convert businesses servicing ICE to EV may suffer as demand for ICE falls.
    Oil Countries who do not divert their wealth into an EV future may slowly diminish their wealth.
    Will their be a renewables version of OPEC? Perhaps OREC?
    Countries such as Australia with sort after resources such as Lithium, Cobalt, Nickel, Sodium, Hydrogen and Copper will become the new rich countries of the future.
    Investors who accumulate into those resources will enjoy up to 100 years of increased demand and global growth as the world simply moves beyond ICE.

    Given technology take up is MUCH quicker now than it was back in 1913. Just look at how quick people want a new $1000 phone.
    How long do you think consumers will wait to buy EV (New or used)? Not long I think...........

    Good luck all...
 
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