Wednesday, August 14, 2024

This Revolution Won’t Be Televised, It’s Over

From EV Revolution to EV Revolt – Here's What Investors Need to Know ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Fellow investor, 

Despite rumors to the contrary, America is not getting swept up in the EV revolution. 

In fact, the EV revolution is running out of steam.

Considering the following, it’s easy to understand why:

 
  • EVs cost up to 75% more than gas cars — $58,000 versus $33,000, on average
  • EVs have 80% more problems and reliability issues than conventional vehicles
  • EVs force drivers to make big compromises on towing, hauling, road trips, etc.
  • EVs can lose up to 36% of their range in colder weather and winter conditions
  • ​​​​​EVs advantage China, which produces 75% of the world’s lithium-ion batteries
  • EVs increase the tax burden on ordinary Americans — by nearly $50,000 per car 

That’s a lot of resistance to the EV revolution.. 

As bad as that is, it’s just the start…

According to my research, there’s a full-on EV revolt underway.

For anyone thinking about buying an EV or investing in them, I strongly recommend viewing my message first.

 
Talk soon, 
Mark Skousen
Dr. Mark Skousen
Editor, Forecasts & Strategies
Celebrating over 40 Years Helping Individual Investors Build Wealth

 
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