RE:Some Thoughts - Part 2people live in glass houses shouldn't throw rocks around
the 'know it all' person is you, who keep reminding us over and over again how pragmatic investor you are, how great was your private investment that exploit the electrification transition. I think it's the 3rd or the 4th time that you gloated about it here, SU forum. Just for the record, i never gave any financial or stocks advice here. I never gloated any personal investment. What i said are all in public domain, hardly a 'know it all' that amass privilege information or information from lifeline friends.
Experienced wrote: EVs
Right now the decision to purchase is an EV is really all about the math and the length of time for payback. At the time I put my pre-order in for an IONIQ5, the payback period was about 2 years. This has subsequently risen to 4-5 years. Now everyone, has their own threshold for what a reasonable payback period is. In my case 4-5 years (at my age is too long...lol). However, despite the assertion from a "know it all poster here" who will remain nameless and claims to know my personal affairs...lol, I still have my order in but have taken steps to delay the purchase to see if the math changes.
In terms of investment in an oil company, the EV factor considerations really depends on your investment objectives and whether you are a long term investor or not. In the shorter run, it is likely that basic global economic activity is likely to dominate such decisions. Over the longer run, despite all the current issues/problems related to EVs which have been discussed here, unless Governments around the world change their current policies, none of that will matter since ICE cars will be legislated out of the market.