RE:Not what the EV crowd wants to hear Meritmat...yes perhaps
My consistent thesis in my posts is that we are investors and need to look at things from that perspective answering the question -"Where going forward from today is the best place to put my money"
For me the direction arrow is very clear - in 2020 in the US EVs were 2% of new car sales and in 2023 they are 7.9%. So yes these are low numbers and yes perhaps it might take longer than EV fans thought it would take but the trend direction is clear and this is clearly a headwind for people invested in oil companies. And as I have said many times, it is much easier to imake money investing in companies with the wind at their back as opposed to companies in industries facing headwinds and Governments ganging up on them.....not rocket science here...
So frankly, if you and others here would rather be salmon trying to get past Hells Gate on the Fraser River by staying in the main current as opposed to taking the fish ladder then good luck!!