The dot-com crash had no effect because the Fed did not allow it to reduce inflation below target. Same this time so long as the Fed sticks to its policy of keeping the average at 2% PCE.
In the EV market, the next real risk is that the multiple Chinese EV makers are going to begin exporting to the US. They will likely produce a quality product that will compete economically with internal combustion cars.
One of the key triggers was that in March of 2000 one of the high flyers, MicroStrategy, ran into trouble with the SEC over allegedly overstating earnings. Oddly enough, that company recovered and still is in business, unlike many of the other Dotcom stocks.
Not only still in business, they have loudly announced they are heavily invested in crypto, bitcoin specifically, and their stock value looks shockingly similar to what it looked like during the 2000 crash.
I think EVs deliver a luxury driving experience. Many of them adjust the temperature inside the car remotely or on a schedule. Many of them accelerate more quickly than IC cars.
But I think the real “killer app” of EVs is that they have enough battery capacity to provide power for your whole house. The new electric ford truck will be able to independently run 9.6 kilowatt 240 volt AC loads for many hours. That kind of capital reuse is compelling economically.
The dot-com crash had no effect because the Fed did not allow it to reduce inflation below target. Same this time so long as the Fed sticks to its policy of keeping the average at 2% PCE.
In the EV market, the next real risk is that the multiple Chinese EV makers are going to begin exporting to the US. They will likely produce a quality product that will compete economically with internal combustion cars.
One of the key triggers was that in March of 2000 one of the high flyers, MicroStrategy, ran into trouble with the SEC over allegedly overstating earnings. Oddly enough, that company recovered and still is in business, unlike many of the other Dotcom stocks.
Not only still in business, they have loudly announced they are heavily invested in crypto, bitcoin specifically, and their stock value looks shockingly similar to what it looked like during the 2000 crash.
An ICE is more complex than an electric car and needs the engine and needs extra gears.
Emissions regulations. E.g. ZEV credits have been a large part of Tesla's business for a while.
I think EVs deliver a luxury driving experience. Many of them adjust the temperature inside the car remotely or on a schedule. Many of them accelerate more quickly than IC cars.
But I think the real “killer app” of EVs is that they have enough battery capacity to provide power for your whole house. The new electric ford truck will be able to independently run 9.6 kilowatt 240 volt AC loads for many hours. That kind of capital reuse is compelling economically.
The new VW ID4 EV ticks all of those boxes and hits your price point.