Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longz who wrote (1432768)	1/11/2024 5:34:41 PM
From: longz	Respond to of 1572659

zerohedge on X: "Hertz Begins Dumping 20,000 EVs In Shift Back To Petrol Cars t.co; / X (twitter.com) Hertz Begins Dumping 20,000 EVs In Shift Back To Petrol Cars https://t.co/Bx3HbfvoNy — zerohedge (@zerohedge) January 11, 2024

To: longz who wrote (1432768)	1/11/2024 6:10:08 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1572659

Longz, yes prices need to come way down! The good news for the eco-zealots is this: I don't think the cost of EVs have to come down that much. But we have NOT yet crossed the inflection point, where the adoption of EVs starts to accelerate. And no matter how much government tries to put the cart before the horse, they will NEVER overcome market realities. EVs simply aren't there yet. Personally I think the inflection point might happen around 10-15 years from now. It's within sight, that's for sure. But that does mean, however, that Gavin Newsom's 2035 mandate banning all gas-powered vehicles is just way too soon. Like everything else that the California state government plans for (e.g. high-speed rail, upgrading of power infrastructure, extending a mass transit line by a mere four miles), dates will have to be pushed out by a decade or two. Tenchusatsu