Poll: Will you be purchasing an EV in foreseeable future?

Discussion in 'The Cocktail Lounge' started by emmett kelly, Nov 16, 2021.

?

Will you be buying an EV in foreseeable future?

  1. Yes

    5 vote(s)
    35.7%
  2. No

    9 vote(s)
    64.3%
  3. Go scoop some poop, clown!

    0 vote(s)
    0.0%
  1. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    EDIT: appears some participants are having difficulty determining their choice. For the purposes of this poll, let's call the foreseeable future 5 years or less.

    ------


    EV Stocks Pass Traditional Car Makers in Market Cap, No Thanks to Tesla -- Barrons.com

    Today 9:55 AM ET (Dow Jones)Print

    Electric-vehicle stocks, except for Tesla, have piled up enough big gains recently that the EV sector's market capitalization exceeds that of auto makers using internal combustion engines.

    The gains for EV stocks other than Tesla (ticker: TSLA) are everywhere. Rivian Automotive (RIVN) stock was up about 91% over the past four trading days and gained another 10% in premarket trading Tuesday. Futures on the S&P 500, meanwhile, were flat. Futures on the Dow Jones Industrial Average rose about 0.2%.

    Coming into Tuesday's trading, Lucid (LCID) stock was up about 86% over the past month. The stock was up another 6% in premarket trading Tuesday after Lucid reported third-quarter numbers late Monday, saying it already has enough customer reservations to meet Wall Street's entire 2022 sales estimates.

    Special-purpose acquisition companies are contributing to the market-cap surge. Shares of Gores Guggenheim (GGPI), which is merging with Polestar, gained more than 15% Monday. Polestar is valued at more than $30 billion.

    Chinese EV stocks are posting gains too. XPeng (XPEV), NIO (NIO) and Li Auto (LI) shares are up 13%, on average, over the past three months

    The market capitalization of EV auto makers is now about $1.52 trillion, larger than the $1.47 trillion figure for the traditional auto makers. The entire auto manufacturing sector is worth about $3 trillion, another reminder for investors that the automotive business is huge.

    Tesla stock, however, isn't contributing to the recent rally. Shares have dropped about 17% since Elon Musk started selling stock. He has been unloading shares since he conducted a Twitter (TWTR) poll asking if he should sell 10% of his stake and pay taxes on unrealized capital gains, and received a positive response.

    Still, Tesla stock is up almost 50% over the past three months. It remains the world's most valuable auto company with a market capitalization of more than $1 trillion.

    Of course, EVs still represent a small fraction of overall car sales, a fact that has raised concern among value-oriented investors that EV stocks are in a bubble. Growth investors will point out EVs are growing faster than anyone expected and that the future looks bright for battery-powered personal transportation.

    Although the EV bull-bear debate will play out over coming years, backers of the stocks have the upper hand for now.

    Write to Al Root at [email protected]
     
    #1 emmett kelly, Nov 16, 2021
    Last edited: Nov 16, 2021
    JaysonW likes this.
  2. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    3,532
    Likes Received:
    2,061
    I voted "yes" but our next car will arrive in the next 5 weeks and it will be fuelled by gasoline. I'm confident this will be our last ICE vehicle.

    My hope is this will be the last vehicle we own. I'd like to join a ride share network and never drive again but it would have to be similar or lower cost to owning a vehicle. If we need another car, it will be an EV.
     
    #2 TomB16, Nov 16, 2021
    Last edited: Nov 16, 2021
    emmett kelly likes this.
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,919
    Likes Received:
    3,107
    I didn't vote. I have no plans to buy a car, and think the one I got can go for another 20 years.
    However, I know California is outlawing gas stations. So I've come to terms that I may need to get a new car sooner, and that my next car should NOT be gasoline-fueled. I'm looking at either electric or hydrogen.

    I'd like to note that there's a couple of aspects of electric cars that will probably affect me, which I am not feeling confident about.
    1) Rental cars: I do not look forward to renting an electric car because I would not want to recharge it before returning. I shudder to think how much rental companies will bill for that. Probably hotels will get in on it too, how much will that be when just parking overnight goes $35+?
    2) Lots of mining to make these electric batteries. Don't know how the green folks reconcile that with their aim of reducing carbon footprints and saving the environment.
     
    emmett kelly and TomB16 like this.
  4. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    3,532
    Likes Received:
    2,061
    I can help with that.

    This is a pic of Prince William Sound, circa 1989. The best part is: this is literally a rounding error in the grand scheme of planetary carbonization.

    [​IMG]
     
  5. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,099
    Likes Received:
    3,326
    Im on my last ICE car right now. The next one is EV for sure.
     
    emmett kelly and TomB16 like this.
  6. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,344
    Likes Received:
    3,172
    My next car will be electric, but until my Jeep Cherokee dies, I'll keep running it. It's a 2016 and I live 8 minutes from work, so it could be another decade. It will be paid off in the next few months.
     
    emmett kelly and TomB16 like this.
  7. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,099
    Likes Received:
    3,326
    Same, my average drive is 10min, not doing and cross country trips every often. Electric is perfect for 99% of my needs.
     
    emmett kelly and TomB16 like this.
  8. B Russ

    B Russ Well-Known Member

    Joined:
    Sep 25, 2017
    Messages:
    556
    Likes Received:
    344
    :rolleyes: I dont think i have to tell anyone my vote…im frugal and will drive mine into the ground, but when its time, there is only one manufacturer im looking at….
     
    emmett kelly, fireopal and TomB16 like this.
  9. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    the latest buzz i'm seeing is that you'll get a bigger tax credit if you buy an ev built at a union plant. fyi.
     
    T0rm3nted and bigbear0083 like this.
  10. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    see if we can get some more activity. don't be shy.
     
  11. Sundance

    Sundance Member

    Joined:
    Dec 13, 2021
    Messages:
    82
    Likes Received:
    43
    Voted yes. I like the truck.
     
    emmett kelly likes this.
  12. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    let's check the current temperature.
     
  13. Value543

    Value543 Well-Known Member

    Joined:
    Apr 9, 2016
    Messages:
    394
    Likes Received:
    431
    HA! Sent this one to a 5-5 tie with NO vote! But my vote is decieving because a couple months ago we tried to buy an EV...but couldn't due to the chip shortage. So we ended up getting what we could get based on what was available...and it wasn't EV unfortauntely. So...will I buy an EV in the foreseeable future considering we just bought a new car? NOPE!
     
    emmett kelly and T0rm3nted like this.
  14. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    here's a truck for ya, if you only need to drive 230 miles.

    upload_2022-3-31_9-28-4.png
     
  15. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    Lithium Shortages To Slam Brakes On EV Adoption
    With a single lithium mine operating in the U.S., one nickel mine, and one major source of rare earth magnets — MP Materials' Mountain Pass, Calif., site — EV and battery capacity is being planned without regard to the serious shortage of necessary raw materials.

    Automakers, anxious to avoid a replay of the production halts forced by the chip shortage, are in "a quiet mad rush" to line up lithium, permanent magnets and other key materials for EVs, MP Materials CEO James Litinsky said in a Jan. 25 Baird technology conference presentation.

    Nevertheless, Litinsky feels sure, "There's going to be a freakout moment" — perhaps multiple moments — when the EV supply chain fails spectacularly.

    That freakout moment may come soon. Morgan Stanley analyst Adam Jonas wrote on March 8 that he sees "an ever-widening gap" between feasible supplies of lithium battery metals and ambitious EV production targets. GM aims to sell 1 million EVs in North America in 2025. Jonas sees around 300,000 as realistic. Ford has a 2 million EV output target for 2026, four times what he expects. Tesla (TSLA), which seems to announce a new nickel or lithium supply deal every month, and Chinese EV makers have been "locking up the capacity slots," Jonas wrote.

    Tesla CEO Elon Musk has mulled getting into lithium mining directly on multiple occasions. EV and battery giant BYD (BYDDF), backed by Warren Buffett, recently won a Chilean lithium extraction contract.
     
  16. IndependentCandy14

    Joined:
    Apr 5, 2022
    Messages:
    82
    Likes Received:
    42
    Not Until RAM decides to make a 2500HD Mega Cab in an EV Version.
    LoL

    -IndependentCandy14
     
    emmett kelly likes this.
  17. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,099
    Likes Received:
    3,326
    That new EV Hummer is the hotness.

    It will not fit in my garage though, so maybe that Hyundai will be a better fit :D
     
    emmett kelly likes this.
  18. fireopal

    fireopal Well-Known Member

    Joined:
    Apr 18, 2016
    Messages:
    2,278
    Likes Received:
    517
    lol @ stockjock-e... still too many issues & major expenses w/electric & if i did than would def be tesla - love the clean lines of that car but read about someone blowing his up after he got hit with i think it was $25K for repairs :eek: + have never owned anything but manual but getting harder to find them as years go on - only 1 new in entire state back in 2020 so prob not until i'm forced.
     
    emmett kelly likes this.
  19. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,321
    Likes Received:
    962
    let's see if the high gas prices will move the needle on this poll.
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,983
    Likes Received:
    4,317
    I voted yes although I am not sure if I will be buying a new car in foreseeable future since my current car is working just fine but my next car probably will be EV when I need to buy one
     
    emmett kelly likes this.

Share This Page