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Strategies & Market Trends : The Art of Investing
PICK 47.48+1.1%Nov 28 4:00 PM EST

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To: kidl who wrote (4935)7/25/2022 11:01:54 AM
From: robert b furman5 Recommendations

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sixty2nds

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Hi Kidl,

Of course, it is where I live.

The US leads in many things, EV transitions will not be one of them.

Our geography is so huge vs most other countries.

I still expect the EV transition to be primarily an urban phenom.

EV's are suited for short distance delivery routes or commutes.

Small countries like Ireland, UK, Sweden are better suited for frequent charges and shorter distances traveled.

There was an excellent article where an author drove their EV from New Orleans to Chicago. It portrays the nightmare of slow charging stations with unreliable wait times and a great variation in the power of the charging stations and the cost of the electricity to charge a car.

At this time of the transition, the grid is not up to a quick transition, as it already is dealing with renewables and their intermittency during heat and cold waves.

The charges are not uniform state by state.

The capabilities of quick charging are at times and locations very hard to find.

There are no open standards and this will slow and impair the transition.

We are in a slow adoption period.

Most studies made, agree that the US will be slow, if not the slowest to fully embrace EV's.

I personally think it will take the broad adoption of Nuclear generated electricity for it to become broadly adopted.

I have an in law, very successful attorney in Chicago who has had a Tesla for many years now. He lives on the 62nd floor of a Gold Coast condo above Millennium Park. With his multimillion dollar condo he bought 2 $75,000 parking spots. In the one for urban driving he has a Tesla & charging station. On the other space he has a Mercedes Diesel 500. He uses that for suburban golf trips.

Few will find the income level he enjoys.

The luxury of a $80,000 urban ride car is far from a sweeping adoption rate for our urban markets.

Bob
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