mark360
Well-Known Member
- First Name
- Mark
- Joined
- Feb 13, 2020
- Threads
- 14
- Messages
- 303
- Reaction score
- 348
- Location
- North Carolina
- Vehicles
- Tesla Model 3 AWD(OLD), Ford Raptor
- Occupation
- Manufacturing
- Thread starter
- #16
Yeah, it's easy to get caught up in the negative. I like to look industry wide at what all the players are doing, and they all aren't doing particular well in the ICE field, with many including GM dropping out of cheaper sedans and small compact cars.I think he just saw some clock bait headlines.
GM just doesn't have a compelling EV offereing, I think their Hummer EV is a massive failure due to costs 70k+ but that is yet to be seen. Ford is the only one coming out with an actual affordable EV that looks amazing and has the Tech.
With Ford selling the most trucks in the world, their commitment to making an EV F series will further propel them in the future. They are committed by the amount of cash expenditure they are spending and I think now is the time to pick up their stock, and hold on to it because in the next 5 years I think we will see it back up to 90s levels.
Toyota continues to shrug off full EV's. GM is taking a more expensive approach with the Hummer, and VW, audi, and jag's offereing are way too expensive or just not compelling.
The only segment where EV's are growing rapidly are in the $35-$60k price range. The only other compelling EV that sits there is Ford's Mach E. It's the #2 to Tesla and with a dealership within 10 minutes of virtually everyone, getting easy access to this will enhance sales like wildfire.
I just can't wait to see the growth!
Sponsored
Last edited: