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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (1764)	10/19/2021 9:12:07 AM
From: robert b furman	Read Replies (1) \| Respond to of 4424

Hi Yard Man, The greatest use of EV's initially will be in urban areas where over night, off peak rates, will happen at home chargers. The high voltage chargers will take a long time to be frequent enough to enable long distance travel like trans continental travel. The absence of resale when an EV gets old is a real problem. The Nissan Leaf is about as sell proof as it gets. Battery replacement and recycling are an albatross on EV's and no one wants to talk about the 800 pound gorilla in the room . But don't worry, that 70 grand Cadillac will be quite a conversation starter, until the thrill is gone and you'll need another 6 to 8 grand for it to get you to work. Don't , technology will evolve, says the salesman with sub glasses on a cigarette in one hand and a coke can in the other. LOL EV growth is being hyped. It will take much longer for adoption in the US. We have so much big geography. We are not Ireland, Sweden, Norway, or the UK. The easy way to diffuse the problem is a lease. But building a 6,000 battery replacement into the monthly payment will blow up the depreciation component of the lease. If and when Cadillac goes all EV (as stated to be done by 2025) they'll either take a big hit on the end of the "Luxury Lease" - which is car talk for don't drive your vehicle more than 12,000 miles a year) because the cars will not bring the residual value at the auction yards after being turned in. Or they will be taking huge write downs on the EV push that didn't quite work out. I suspect that to be the case in the US market and Canada as well. Cold doesn't do well with EV's you know. When I die, they're gonna have to pry my Internal Combustion Engine keys out of my cold stiff fingers. LOL I'll also be holding my XOM, and CVX shares in my account. By then the dividends will have already paid me back my seed money from buying the shares during the pandemic collapse. I also don't think that Ranger is going to be offering a new outboard EV. In Houston I live on a lake that only allows electric motors. They are so slow they do not create a wake. I'm not expecting Ranfer or Donsee to be chasing that market. It's a big hype and there are huge losses to be had - unless the government throws huge rebates at it. That can go away with a letter. Not my kind of attractive investment ever. That being said it will no doubt be what the fools running our country will waste billions on. CAUTION SMOKE AND MIRRORS AHEAD! Bob