ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: robert b furman who wrote (30870)	7/17/2021 3:09:55 PM
From: ajtj99	of 97463

It's not how I feel. Volkswagen is going all electric by 2026. GM is aiming to be all electric by 2035. Ford says 40% of its global sales will be electric by 2030. media.ford.com BMW sees 50% electric sales by 2030. cnet.com These are large companies that plan their lineups years in advance and make huge investments on those decisions. They are not going back to the way things were. The Japanese makers have been slow to adopt electric vehicle platforms on a large scale, but that will change now that Japan is requiring all electric or hybrid cars by 2035. Much of the switch to electric cars is market driven. Some is government mandated, but eventually, this was going to be where the market was headed anyway. Since the average age of a car on the road in the US is about 12-years, that means that ICE engines will continue to be a large proportion of the US fleet until maybe 2042, when electric light vehicles will likely be the majority (more than 50%) of the nearly 300-million light vehicles on the road in the US. I suspect by 2050, probably 98% of the light vehicles being driven in the US will be either electric or hybrid.

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