The Main Question: Are EVs The Future Or Not
WIth the news from Ford on their earnings call, it is easy to see how legacy automotive is in trouble regarding electric vehicles.
In this video I discuss a more fundamental question: are EVs the future?
This is still a serious debate. We have the situation where it looks like Tesla and the Chinese are going to be the major EV winners. However, all is not lost for legacy if the future is not electric.
▶️ 3Speak
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Might EV be transitional technology before hydrogen?
The shift from incandescent bulbs to now-ubiquitous LED’s wasn’t direct. For a few short years, compact fluorescents were all the rage.
Could be. Or to another technology. Hard to forecast the avenues that it goes down.
I am in no hurry to get an EV. I think they will make their mark, but right now, it's just not sustainable on a mass scale. Adoption is accelerating in cities, but certainly not in rural areas. Go find a farmer that wants an EV, lol. EV's don't have the needed range to effectively travel long distances, I mean have you driven through some of the western states? There are barely gas stations, much less electric hookups.
Plus do you really think Big Oil is going to go down without a fight? I know you are a Tesla lover, but I just don't see it right now. I think it's a lot of hype because of the WEF and the climate retards.
I am good with my 20+ year old Ford that can't be traced or shut down at any point they want. I can also work on it myself without a specialist. If EV's take over, it's going to be a long time down the road, just my opinion.
Most average people can't afford one anyway. Hell, most people can't afford the food on their table, much less a luxury car. Those that can, well, bully for them, but there is a mass population out there, including myself, that can't for don't want to cough up that kind of dough for a car that can't go more than 200 miles.
Edit: I am more bullish on hybrid technologies that use both. I just really am not a fan of full on EV's as someone who is constantly on the road.
Certainly infrastructure is a problem. But it took a while for gas stations to be built. As for range anxiety most do not do more than 100 miles per day.
Give it two years and things will be entirely different. Being able to read the future before it happens is where success comes from. Understanding technological trends is imperative.
EVs are following the same curves as many other technologies. You can try to reason it all you want but it is happening.
Tesla and the Chinese are building millions of cars a year. That is in 2023. What does it look like in 2026? 10 million? 15 million?
Well, I hope it works out for you. I am still not getting one until there is absolutely no other choice. We can agree to disagree with this one. I apparently don’t look at the same crystal ball to read the future that you do, lol.
Summary:
In this episode, the speaker discusses the future of electric vehicles (EVs) with a primary focus on Tesla. He strongly believes that Tesla will continue to dominate the EV market. He mentions that legacy auto companies are falling behind in the EV game, and the debate on whether EVs are the future is ongoing. The speaker highlights the acceleration of EV adoption globally and predicts that the question of EVs being the future will likely be settled in the next 24 months. He also mentions the expansion of Chinese EV companies and the need for consolidation in the market.
Detailed Article:
The episode begins with the speaker emphasizing Tesla's dominance in the EV market and confidently stating that the company will continue to lead. He highlights how Tesla outperforms the competition and mentions other companies cutting back on EV production, further solidifying his belief in Tesla's leadership in the industry.
The speaker delves into the broader question of whether EVs are indeed the future. He acknowledges that there is still debate surrounding this topic and suggests that beliefs about EVs being the future significantly influence perspectives on legacy auto companies. He argues that those who foresee a future with EVs need to reassess their stance on legacy auto companies which are lagging behind Tesla and other EV manufacturers.
Moreover, the speaker considers the global trends in EV adoption, noting the acceleration of EV adoption in major automotive markets like the United States, Europe, and China. He contrasts the slower EV adoption curve with that of smartphones, attributing the difference to the higher cost and longer lifespan of vehicles compared to phones.
The episode touches on Tesla's expansion plans with new factories and the impending launch of the Cybertruck, indicating Tesla's continuous growth and innovation in the EV sector. Additionally, the speaker mentions the proliferation of Chinese EV companies, highlighting the need for consolidation due to the saturated market.
In conclusion, the speaker predicts that the question of whether EVs are the future will likely be resolved in the next 24 months as several companies scale up their EV production. He reiterates his belief in Tesla's dominance and suggests that once Tesla expands into sectors like pickup trucks and economy vehicles, the competition will struggle to keep up. The episode closes with a hopeful message and an invitation for viewers to tune in next time.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.