Terence Wrote a Very Forward Thinking Article About EV MktIt was nice to buy a few more shares under $3 today, I am finished buying, GLT.
Off his Linkeden (couple years ago) page on the Crossroads of Automotive Industry, here is part of it.
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What It Means for Distributors
Log on to any auto channel and it won’t be long until you come across the latest electric vehicle supercar story with jaw-dropping specifications. Or, you will hear reports of the latest EV company joining what seems like hundreds of other newcomers in the EV game.
And this brings two of the most common questions I hear from distributors in the MENA and Asia regions:
“Will these EVs really sell in volume?” and “Why should it be different this time?”
Well, this time it is different. And the reasons are straight forward:
1) The biggest market in the world has called the tune for emission standards, and you have to sell (a lot of) EVs if you are going to qualify;
2) EV and especially battery costs are nearing or reaching parity with internal combustion
1. Supply-driven Changes
In short, get ready for a wave of new EV models and competitors. Any manufacturer with China and European exposure will be rapidly deploying first generation models. The EV market growth and technology changes also mean an influx of many new EV brands as new competitors in the market. But, also get ready for a steady reduction in combustion engine models as OEMs slowly phase out engines such as Euro 4, diesel and V8s. Some OEMs are even speculating on their stop of production for all ICEs of around 2030.
2. Municipal and Federal Policy Challenges
Governments in MENA and Asia will need to articulate clear EV policy and industry