Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by mrbbon Nov 11, 2023 6:25pm
138 Views
Post# 35730488

RE:RE:RE:Reality check on EV operating costs

RE:RE:RE:Reality check on EV operating costs

Obscure1 wrote: Too expensive:   The Tesla Model Y is the best selling car in the world in 2023 despite being so "expensive".  The best selling title has been reserved since 1966 for the  Toyota Carolla, which is a basic economy car. 

How can a car that costs twice as much as the best selling in the world for the past 57 years be the best seller now?  Maybe it has something to do with the fact that the Tesla Model Y costs the same as the average price of cars in America BEFORE the $7,500 IRA rebate and rebates in many States ranging up to an additional $7,500

Charging is too expensive:  See my previous post.  If someone plugs in at home, they can fully charge their vehicle from zero for $5.  Statistics show that 96% of charging is done at home on a worldwide basis.  In the near future, apartments and condos (see my previous post) will be able to charge for under $2.  By 2030, it is expected that people will be able to charge for free at stores and restaurants and hotels etc. 

Charging inconvenience:  Call me crazy, but I would much rather plug my car in at home rather than driving to a gas station and lining up in the snow or rain.  Remember the 96% 

Depreciation:  The cost of EV's dropped 20% in the last year.  Now they are cheaper than ICE vehicles despite being vastly superior in safety and maintenance and repairs and lasting 50% longer and and and.  Of course previous EV owners are upset by lower prices but that is what happens when technology is being adopted on a S curve.  Does anyone here remember when a 42" Sony plasma was $9,500?  Today, you can buy them for $200 to $400.  Imagine what an obsolete Ford F150 that costs $65,000 today will be worth in 5 years. 

Range Anxiety: Anybody that drives a Tesla can use their App to plan out where to get a charge in seconds.  The App tells you where chargers are located, how many chargers are available and how many are currently not being used and what the charging fee is.  The App will also tell you the the locations of other chargers are, but nobody in their right mind would use them unless they absolutely have to. In less than five years, range anxiety is going to be much more of an issue for ICE vehicles than for EV's

Hybrids:  Hybrids are just about the dumbest idea ever in the auto industry.  Automakers basically add a sewing maching size EV motors to a full ICE vehicle.  It is a gimmick and is ridiculed in the industry.  That won't stop companies like Toyota and perhaps some of the American legacy automakers from continuing to make hybrids in order to take advantage of tax rebates. 

Just because people write dumb shiite doesn't mean it is true. 

LOL, don't know where to start to laugh

take this one as a quickie reply

Charging is too expensive:  See my previous post.  If someone plugs in at home, they can fully charge their vehicle from zero for $5.  Statistics show that 96% of charging is done at home on a worldwide basis.  In the near future, apartments and condos (see my previous post) will be able to charge for under $2.  By 2030, it is expected that people will be able to charge for free at stores and restaurants and hotels etc. 

who buys EVs? the upper middle class and richer families that can afford decent homes with home charging installed.  The high 96% figure does not represent the real population, only the rich class of familes with above average disposable income and wealth. Based on your projection of free electricity by 2030, i guess we solved the inflation problem, thanks to EV popularity.  LOL

 

<< Previous
Bullboard Posts
Next >>