EVs - great writeup, Jwb, and it's why i've got a big position in FIII / ELMS, which, once the merger is completed in the next few weeks, will start rolling off the first few thousand Class 1 commercial vans this Fall at the former Hummer plant in Indiana (over 45k have been pre-ordered).
At the outset, with the $7.5k fed rebates, the vehicles will cost the same as the same-class Ford and Dodge ICEngine vans but TCO (Total Cost of Ownership) will be much less each year going forward due to no gasoline fuel, and far simpler maintenance for an EV powertrain.
Oh, and these ELMS delivery vans have approx. 25% more cargo space than the Ford and Dodge vans. And far more up-to-date digital connectivity. And customization for different uses (e.g., from Amazon deliveries to florists to cable/satellite install cos., to plumbers, etc.) is done much faster than with the Ford and Dodge vehicles.
After the attack on SPACs, and SEC hobbling them with new accounting rules for warrants, FIII and other EV SPACS have seen their stock prices massively depressed (FIII has been around $9.90 - $10 since early March), but i'm looking for ELMS (the ticker after the merger) to be a $50 stock by sometime next year as they quickly ramp up.
