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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > EV's Demand is largely Political, not market based.
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Post by nukester on Jan 12, 2024 9:53pm

EV's Demand is largely Political, not market based.

It is kind of obvious when one considers how long Tesla has been producing EV's.  Actual market demand for EV's is just not adequate enough to displace ICE vehicles in meaningful numbers. I know many will tout impressive growth rates and 'S" curves, but the truth is EV's have had ample time to displace the ICE market and it has not happened. The bulk of EV purchases are in Democratic cities.  Continued efforts to force EV's on an unwilling public will serve only political purposes, and cause distortions in the natural marketplace.
Investors would be well served to set politics aside and look at human nature.  IMO EV's will remain niche vehicles, not mainstream, regardless of government intervention.
As usual, your mileage may vary :-)



From Robert Bryce's latest Substack:

https://robertbryce.substack.com/p/my-us-senate-testimony-on-epas-ev

"Many new technologies start off as niche products, appealing only to a relatively small subset of households. But it has now been 14 years since Nissan introduced the Leaf, and 16 years since Tesla introduced the original Roadster. Moreover, there are now over 100 different EV models for sale in the United States. 
Enough time has passed — one might have thought — for the U.S. EV market to have broadened considerably. Yet we find a strong and enduring correlation between political ideology and U.S. EV adoption. "
Comment by Obscure1 on Jan 13, 2024 12:11pm
Let me get this straight. The author is inferring that EV sales are a political "thing" and are basically not cutting it.  Evidence to support the ridiculous American tunnel vision is that Tesla introduced its first concept EV 16 years ago is only selling 2 million cars per year so far.  In 2014, the world laughed at the absurdity that Tesla would sell 500k car sin 2021.  ...more  
Comment by nukester on Jan 13, 2024 1:12pm
" Ford looked like it was going to avoid going bankrupt until they made the decision to slash EV production in 2024 so that the company could sell as many over priced and under performing ICE vehicles to brain-dead American and Canadian consumers for as long as possible." Obscure, I enjoy your detailed research and spirited commentary, but what you are describing above is called ...more  
Comment by Kman86 on Jan 13, 2024 10:55pm
It's hard for a cheerleader to see anything beyond their pom poms.........
Comment by mrbb on Jan 13, 2024 3:04pm
Definition of 'hypocrite' Let me get this straight. The author is inferring that EV sales are a political "thing" and are basically not cutting it. The only reason that US automobile sales are not being dominated by Chinese automakers is due to the fact that the US won't allow Chinese automakers in.  The US government made the decision to protect the US auto ...more