The Rising Influence of Rising Affluence

[n4807g]

Ironic.....China is by far the largest adopter of EV's (it's not even close). How does China generate the necessary electricity, coal of course! Every time a politician pontificates on the need to scrap ICE vehicles and replace them with EV's I cringe. China will continue to lead the EV adoption race, and they have overcome the biggest obstacle....price.

I believe the old saying: "the horse (EV adoption)has left the barn", applies.

Even as misguided as outlawing sales of ICE vehicles by 2035 is, it opens a great investment opportunity in raw materials.....

A charming Model 2 competitor with a blade battery from Tesla rival BYD is priced at $14,000
https://www.gadgetany.com/news/a-charming-model-2-competitor-with-a-blade-battery-from-tesla-rival-byd-is-priced-at-14000/

If BYD were able to compete in the USA they'd eat Tesla's lunch.