No doubt an incredible long term return. You seem blinded by bias.
Very nice. And....if Tesla and EV's ever slow down they are just a battery breakthrough away from coming right back. What many people refuse to believe about EV's is always based upon the batteries of TODAY. But the world of batteries will look much different a decade from now. In fact the development of better batteries is happening right under most people noses.......they just refuse to look down.
Thing is technology won't magically improve infinitely like some wanna believe. Regardless of the power sources that might be put in use, you still have to look at the mediocre power grid lagging way behind. Not to mention what will happen when the current charge stations might have to be reconfigured for various updated cells, etc. At least ICE will continue infinitely on the same fuel sources with no real change, just as they have for a rather long time. I will gladly say EV will never be mainstream in life as we know it. Just too many POF to deal with.
They're already mainstream. They just aren't the most popular choice. Plenty of people daily them.
The grid is a problem. Don't ask me how I know. PG&E burns down our forrests and blew up San Bruno a few years back.
Agreed, there is a LONG way to go for EVs and a lot of vulnerability. Electricity is still relatively cheap, but that is changing nationally and globally. Energy prices for electricity could increase by say a factor of 2, 5, even 10 in the next few years depending on macro and micro events and more "climate change" religious implementations that harm humans. When it costs 10x as much to fuel the EVs, or can only be done irregularly due to constraints on the grids or otherwise, or when grids simply collapse, then what?
Last I looked Wisconsin EV registration was around 2% adoption.
had you read my post my timeline is 10-30 years. Just look at computers and communications since 1990. How different is it. In 1990, I could call China, for about $10 a minute. Now I can facetime for free all day. Once money comes in to a field, everything changes. Do you remember back 30 years? It was a lot different. And the btw, the technology of batteries HAS changed a lot in the last decade. It doesn't have to change "infinitely", as you describe. It just needs a long slow improvement.
How do you explain Norway? Wisconsin is a bunch of backward Luddites. I'm next door in Minnesota. We are bad enough but Wisconsin is worse. We are both in a cold climate. EV's will be slow to sell in cold areas until batteries improve.
The 1st IBM PC with the 8088 processor came out in the early 80's and cost serious money back then.
Don't waste your breath. Some people are only open to what they wanna hear. It must be hard to know everything...
lol. I don't claim to know it all but I did observe the whole PC and communication revolution and I learned a lot. It doesn't happen over night and the stocks of these EV companies will be volatile and all over the place, but in the end, around 2050 it will all be decided who the winners are. I will probably not be here to see it.
What is amazing about your story is that IBM, this huge corporation with thousands of very smart people could not see the possibilities. They had the same bias.....what was sitting in front of them, AT THE TIME. They couldn't imagine, you release this complex machine to the masses and a decade later, it's gone completely bonkers. It's no different than the stock market. If we have a 5 year boom, suddenly everyone is investing and we are all geniuses. We have a 5 year bust, no one will buy a share. It's a bias that our brains fall for every time.
