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September 18, 2023: link here.
Original Post
This post has not been completed, but I'm bored with the subject and won't add anything more to this page for now.
Wow, wow, wow.
Someone is reading the blog.
I've been saying the same thing, for several years now. Not always explicitly.
But there it is, in Barron's -- EVs are an existential threat to the US auto companies. Ford is probably most at risk, having stated very clearly, the company will be 100% EV sooner than later. Some companies have already back-pedaled, and are moving to PHEVs as an interim option.
We'll come back to this. The link to the Barron's article: https://www.barrons.com/articles/ford-gm-tesla-ev-war-aa553d83?mod=hp_HERO.
The headline and the lede.
The numbers are daunting. I don't think folks realize these are mature companies literally attempting to move into a new industry. Mature companies that have taken 100 years to get to where they are today.
The old industry: automobiles. Everything built around an ICE and a driver.
The new industry: batteries. Autonomous mobile batteries with walk-in baggage and/or safety observers.
So much more at the Barron's story. EV investors need to save this article and pull it out twenty years from now.
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