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I live in S.E. Asia. I have never seen an EV car. I saw a hybrid last year, though....
ev have only been taken up by those who want to chuck 50k plus on a tesla, to basically say "ive got a tesla"
however once the easy 10% has been reached, for the rest those cars are out of reach unless the cost basically halves
for any other country this just wont happen anytime soon
the remaining 90% take up will be incredibly hard to achieve
maybe hybrids sort of ok but just cant see it with current technology
not to mention when these leccy vehicles hit the second hand mkt, wont be worth much when batteries are dead
only winner is elon i'm afraid
Lemme tell you.
You ain't banning arabs from driving gas guzzling patrols all over the sand.
You ain't banning the yanks from driving the all american muscle car and pick up trucks
You ain't banning the chinese new found middle and upper class wealth from driving shiny new lambos and bentleys.
You aint banning south america from driving cheap cherolets
You ain't banning the indians from driving cheap suzukis
End of discussion.
I have had an EV for 4 years and for people with a driveway it is a good idea. However majority of people will not have access to charge points and even 2 car households will struggle to charge at overnight together.
We have an small ICE car for longer journeys when stopping twice is an inconvenience and it is cheaper to buy an ICE car for majority of people.
I think the Plug-in hybrids with >50 mile charge would be a good compromise so 90% of driving in the country can be done without emissions.
cant see any govy getting elected on banning ic cars and the idea of car sharing is one of the most ridiculous things ever said
I agree with you - 100% EVs are not a given. There is a possibility that govs may say "ic is not sustainable, you people gotta share cars" and ban ic anyway - but I think it would too painful for society to accept.
Great post Luna. I'm in total agreement with you.
An EV society is nothing short of a pipe dream for now and for many many years to come.
*If* the developed nations are indeed seeing emissions as threat to stability and prosperity, then there are some macro-economic factors to consider that transcend all considerations to market movements.
It is simply not yet practical to continue with a western economy without ICBs. We don't even know whether we have the infrastructure in place to support the migration to EV, nor do we know whether the supply of raw materials is secured or sufficient.
Never mind the impact of mining the raw materials. What powers that equipment?
And there is the elephant in the room of supplying 'green' electricity as well as recycling the materials.
Without a doubt. EVs are a great piece of equipment and we definitively should reduce emissions and improve air quality overall. I am all for that.
But how practical/realisitic is this right now? Arguably, it's not, or at least, not yet. Unless things drastically change -- which means subsidies and standardisation. These don't happen in that sort of time-frame, esp not globally.
So we either switch to burning ethanol for ICBs (hello Diesel engine), or see legislation demanding more powerful catalytic converters in all existing ICBs (that can be retrofitted).
Then there is h2, but that's still a bit of a pipe-dream as well.
Make your own conclusions, but as far at the path of least resistance is concerned (and a lot of gvts work that way), retrofitting ICB cats is the short term fix.
I could be utterly wrong of course. And if I am, I applaud the international will and engineering excellence that lead us there.
Historically, that would be a first.
adherence to proven systematic process, strategies
Well, to paraphrase an England football manager of yesteryear:
- Did I NOT like that close tonight, or what?!? :)
I saw 102 mid morning (for approx an hour or so) yet it's not showing up on this site as the day's high. And then I left for the bulk of the day.
Felt sure if it couldn't get back to 102 by the time I returned, that a 101 close would more than suffice with a 100 close as acceptable to remain in the bullish camp.
99.9 close still qualifies the SP as technically remaining in a bull trend (barely) for going into Tuesday, but every fibre of my being is screaming out to expect a red day tomorrow.
My biggest failing with stocks is giving in to my human instinctive judgements rather than total, blind adherence to proven systematic process, strategies.
1) The computer says trend indications are still bullish.
2) My judgemental inner voice is saying maybe, possibly, not good enough a close to remain bullish for Tuesday.
Not in the market for making any changes to my current holding anyway, so . . .
- Will just have to suck it and see on the day.
The quest continues... :)