Joe Capitalist
Racism is a disease
Yea, sure... That'll work...Let's see... You have an older shitty battery in your car. You go to a swap location and they give you a fresh, charged, new or almost new, one. You happily drive off having taken the swap station for a bunch of chumps...
Nobody is going to do that because they won't know the condition of your battery versus the one you are getting. Then there's the issue that batteries are different for different models of car and manufacturer. Such a station would have to have hundreds of thousands of dollars invested in stocking a range of batteries for different cars, and the swap out process would vary by vehicle. The swap process would also take quite some time as those batteries aren't just a few connections.
You're just making shit up again. You have absolutely NO IDEA how the process will work. You're just rambling because you're butthurt again.
Cathie Wood is known for her convictions as an investor. And she’s one of Tesla‘s biggest bulls, believing the future of personal transportation is all-electric.
Wednesday, Wood’s firm, ARK Invest, released its 2023 Big Ideas report, the latest in a series of such annual reports. It covers a variety of big trends that guide ARK’s investing including cryptocurrency, precision healthcare and electric vehicles.
EVs had a big year in 2022 with global unit sales growing about 62% year over year. Sales of gasoline powered cars and hybrid-electric vehicles declined by about 7%, according to ARK.
The shift to electric isn’t new. Gasoline and hybrid sales have declined in four of the past five years, which is creating a dilemma for traditional auto makers: They are serving a shrinking market, a reason most car makers have pivoted toward EVs.
ARK believes the entire industry will accelerate vehicle electrification efforts and projects the industry will spend more than $1 trillion, cumulatively, on EV development over the coming 10 years. The money would go for platform development, plants and battery capacity.
It’s a huge number, but checks out. The world’s top auto makers spend roughly $120 billion annually on plants and equipment. And auto makers already spend roughly 50% of their capital budgets on EVs. When adding in capital spending by battery makers, its easy to see how spending numbers can approach $100 billion a year.
That investing should yield benefits such as cheaper EVs that charge quicker. ARK has thoughts about all that.
Regarding charging, ARK predicts a driver will get about 200 miles of range in 4 minutes by 2027, down from about 200 miles of range in 15 minutes today. That 15-minute figure is based on the newest EVs and fastest direct current chargers.
In 2020, ARK projected that EVs would cost less than traditional cars by 2022. It didn’t happen last year but it could happen in 2023. A Tesla (ticker: TSLA) Model 3 can be purchased for $44,000 before any government incentives. The average price of a new vehicle in the U.S. at the end of 2022 was about $50,000.
Putting it all together, ARK sees global EV production hitting 60 million units annually by 2027. That would be roughly 70% of total light vehicle production and is much faster adoption than almost everyone predicts.
