VMT multibagger, page-65

The general trend amongst manufacturers and governments seems to
be targeting 30 % of all new vechiles being electric by 2025

That will probably happen IMO.

If it does no new fossil fuel " stand alone " cars by 2040 will certainly happen.

A lot of the electricity will probably still come from fossil fuels???

This will have a positive effect on electric vehicle manufactures but whether VMT will benefit from that is no more certain than whether they will be able to turn a profit next year.

The capital invested in the company supports 450,000 sales a year and we are achieving only 80,000.

Small wonder we are loosing money..

People talk of the need for more capital..not so IMO .. we need more sales or if that's not possible we need to sell the big factory and trim the capital invested and operating expenses to the size of the business.

Cash in the bank and the profit from a mean and lean 80,000 unit a year business would do wonders for the share price.

Gottaneedstotellcharles.