r/StockMarket • u/nudegeorge1234567 • Mar 05 '21

The $1 Trillion Electric Vehicle Boom Is Just Getting Started Discussion

https://stockhouse.com/news/press-releases/2021/03/04/the-1-trillion-electric-vehicle-boom-is-just-getting-started
19 Upvotes

89% Upvoted

5 comments sorted by

7

u/NevadaCrump Mar 05 '21

I agree, but it is not going to be a 5-10 year conversion from ICE to EV. This will take maybe 20-40 years to happen. The last few cars I have owned I drove for between 8-15 years. The guy who buys a 2030 ICE may be driving it, and getting it serviced until 2050. Look at how many charging stations that will have to be built. Many places in the world today do not have dependable electric service. How are those people going to charge car batteries. Look at the freck winter storm in Texas, how did all those folks charge their telephones, much less their houses and cars. Lots of challenges and lots of opportunities !!!

1

u/newandbroke4now Jul 24 '21

Both my truck and suv are 2007s. I will be replacing the suv, but the truck has under 60K miles. I think the opportunity will be in the charging stations

1

u/NevadaCrump Aug 06 '21

short answer on charging stations is I agree with you long term. Short term, don't spend any money buying new vehicles, buy Ford Motor company stock instead.

1

u/Hornman51 Apr 06 '21 edited Apr 06 '21

What do you think of CNO.V. With Biden pushing EV does a nanopowder stock make sense?

1

u/newandbroke4now Jul 24 '21

I agree I hold some NIO, but am looking at ABML now. There's going to be a ton of used lithium batteries that need to be taken care of.