AS this recession comes closer I'm starting to wonder if I was right all along. " THE EV Recession " (Tm stoney)- There is something to the notion that high gas should force people to want electric cars. Yet electric cars are priced for high net worth individuals. This splitting of the market leads to chaos. I saw a TV news show on GM's efforts and the prices were ridiculous. Oh sure they always say third generation will come down but (judging by Tesla) they really won't. Electric vehicle prices and range, not cost of gas, top concerns for prospective buyers- As gas prices top $5.00 a gallon nationwide and economists ponder when demand destruction will really kick in, many wonder whether the electric vehicle (EV) industry is benefitting. Data shows that new EV purchases jumped in Q1, and many industry watchers speculate high gas prices are driving this behavior. But a new study from Autolist— an online car shopping platform— shows gas prices actually are not driving more EV consumer sentiment. “This was a little bit of a surprise for us,” says David Undercoffler, Editor-in-Chief of Autolist in an interview with Yahoo Finance. “We asked people. ‘What dollar per gallon would the price of gas need to hit in order for you then to consider an EV for your next vehicle?’ And the most common answer was actually it's not about the price of gas.” Autolist survey on effect of gas prices on EV buying sentiment Viewing the data, a whopping 21% of respondents said it wasn’t about the price of gas and “wouldn’t buy an EV for other reasons.” Fifteen percent said they were unsure, and only 6% said it would take $5 gasoline for them to seriously consider an EV as their next vehicle. It turns out the respondents in Autolist’s 1,300 person survey wouldn't choose an EV for other reasons, and those go back to high prices for EVs (47%), range or lack thereof (44%), and no charging infrastructure (36%). “Price is the number one reason they're not buying an EV, range is the second reason, and then charging infrastructure, anxiety over where they're going to charge the vehicle is always number three,” Undercoffler says. Autolist survey on biggest reasons why people aren't buying EVS Given those concerns, it is no surprise respondents did not want to pay a premium for an EV versus an equivalent gas powered vehicle. Twenty-eight percent of survey respondents said they would pay no premium at all, 22% were unsure, and 9% said they would pay $500 - $1,000 more for an equivalent EV. There is good news in the survey for boosting EV buying sentiment. Respondents were very favorable of federal, state and local incentives being offered for EV purchases, with 66% in support of government financial encouragement. Another big factor is offering EVs in body styles that Americans want - namely crossovers, and the always popular pickup truck. “Whether it's internal combustion or EVs, we like crossovers in America - we also like trucks,” Undercoffler says. “We've seen a lot of big automakers, Ford (F) has the Lightning you're showing right there, that's going to be a really interesting inflection point because I think that's going to show a lot of people who maybe haven't previously considered an EV that, look, this is offering many of the daily use case benefits of my current truck but now it's only electric.” <<< That last bit I really agree with.-> BUY FORD. Talk to You guys Monday.- ~si
I HAVE A COUPLe things that worry me: But for now: PEACE TALKS IN AUG<---------/// Ukraine delegation has told US authorities they will look to talk peace w/ Russia in Aug<---------
I ordered myself a birthday cake / sick or not. If I eat it myself it will be anew low for me. 8" Bourbon Salted Caramel Cake <------- $70.00 <--- INFLATION!
For some reason I am getting older. Problems) A) Did you hear about the Swiss bank selling high quality tech stocks.// in order to prop up currency a state bank is selling tons of tech stocks and they own Billions worth... That's the rumor. When we held interest rates so low and when we let stocks get to absurd levels it forced some players into our stock market-- well greed did and now they want out. This was a David Faber scoop. David who used to be a good reporter and has gotten very lazy, may of done us a service by pointing out this rumor. This is why the obvious " Buy Good tech " or whatever BS they say... it will be met with tears because that's what the Swiss own.. They don't own Trane! Or Azek! But every big safe tech stock they do. B) Klarna is the biggest unicorn in Europe and they just thought about a round of financing at an very low level. So thoughts turn again to SOFTBANK here... the last round at sky high levels they were the lead dog... what does that kind of write down look like? and what does SOFTBANK have to sell to make up for some of this?... How many other Private equity types who have in the last year participated in a round of financing.. how many of them are hurting big time? What are SOFTBANKS holdings? We don't want to be in those names.
I was looking for the name of my Hotel in Charleston and I went through my junk folder and BOY! NOW I GET IT! You guys get an annoying email every time I post. Now I see it. Now I get it! Finally! I apologize
Stoney, so you all(Mrs Stoney) are doing ok with Covid? I got it in Jan 2020, docs asked me if I was in Wuhan before Wuhan was known.
For your next Birthday....order yourself a huge Wedding cake. If you will have a weird, boring, depressing, lonely Birthday....go All out, do it Grande.
When I first bought a house in the country I decided to dig a big hole. Up on the old service road at the top where it's flat with the help of others, we dug a big hole and filled it again. Tarred the top and set in place a professional grade basketball hoop. The company in California had mailed me two. Full court! Slight misunderstanding. One went back. We had a filled hole and now a basketball hoop stood proud. Over the years my son and I played many games against each other. Many games. My son wrote me a birthday card and in it he said how much those games meant to him growing up. That time together- just us - will never be replicated and never be erased. Now he will be going away to college and to another state. I will lose control. I will be sad inside. But those times together will never be replicated and never be replaced.