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Article also contemplates technology adoption rates. It...

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DELLIOTT9

102 Posts.

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17/01/19

18:47

Post #: 37148015
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Originally posted by DELLIOTT9 ↑

https://seekingalpha.com/article/4225153-evs-oil-ice-impact-2023-beyond

"The decision to - purchase a new car - is separate from and independent of the decision to - purchase an EV instead of an ICE vehicle -.
When someone decides their next car will be an EV, sales of ICE vehicles drop immediately. However, EV sales do not grow until that person finds an EV with features and price that meets the person's needs."

This is really interesting to me as it describes me perfectly. 12 months ago I was looking to buy a new car (ICE). I decided at that point that I could wait a couple of years longer with my existing car and then I could upgrade straight into an EV as there would be more options and more importantly costs would be more comparable to ICE cars..

Many reports around that global car sales were DOWN last year.....perhaps this is the reason?

How many others are in the same boat (or car as it were)?

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Article also contemplates technology adoption rates. It disagrees with the sentiment that the EV revolution will take decades. It suggests new ICE sales trend to ZERO by 2027 and a billion EV's in 2031.

A40 Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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