That was kinda my whole point Tex, its pennies on the dollar if you consider maintenance and all involved with ICE and not having to swap a battery down the road in any relative ICE lifespans timeframe. The real question becomes what happens when the market dynamics shift and 80% of vehicles are charging. And the datacenters to run the backend of the AI network. And we continue to pull back on natural gas as NYC just banned for new builds. And its 120 degrees outside in the new normal. And im spending all day in metaverse because of a new bug.
The grid is absolutely nowhere near handling any of this. When it does, we will all be paying for that.
Human life takes energy, We aren't cheating reality of that fact no matter where we source it. Unless maybe nuclear.
Like everything else organic market opportunities (and i disagree with finance mentality here) its all about timing.
I think the golden age of EV cost benefits were the last 5 years where:
1) elec is still cheap
2) grid is not taxed
3) gov incentives flowing
4) EVs got better and actually practical
This should last another 5 years but its going to be uphill. s*** im talking to TEX here from Texas... I dont need to preach about the grid here or even California. Not to mention they are all completely vulnerable to cyber threats and extremely insecure. And we are now even more lax on foreign sourced infrastructure components thanks to Biden reversing the Trump EO. I dont know if you recall from the freeze but these components aren't off the shelf, and we are looking further and further to our overseas suppliers to even produce them. I have a lifelong friend whos father runs a giant supplier support company for all the giant distributors like CenterPoint etc. s*** is usually hanging by a thread as it is even before freezes, hurricanes, etc.