Replies to post #27531 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT addendum from GS webcast—The mining segment will achieve high penetration of self-driving equipment long before the construction segment does. I suppose this is obvious, but I had never thought about it until listening to yesterday’s webcast.

[DewDiligence]

CAT...is an EV play, the CEO says on today’s GS webcast.

When I mentioned the above to an experienced investor, they thought I was talking about CAT’s electrifying its lineup of mining equipment, which was a reasonable interpretation. However, what I intended to convey in the above statement is that the robust demand for minerals that go into EV batteries will inevitably boost the demand for mining equipment sold by CAT.

CAT does intend to electrify its lineup of mining equipment, but that’s a separate (and subordinate) issue.