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December 25, 2019 | Why is it Hard to Buy Electric Vehicles?

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

This segment should be called “why is it hard to buy electric vehicles”.  The technology is superior to internal combustion engines (ICE) and at least 80% cheaper to run.  Moving present policy incentives from antiquated old tech to electric vehicles and renewable energy has an important role to play in making a needed transition here.  In a world of falling sales and weak demand, EVs and their infrastructure are an obvious growth area.  Best to skate where the puck is going.

Or as former Bank of Canada and outgoing Bank of England head Mark Carney warned in July: “The most important thing is to move capital from where it is today to where it needs to be tomorrow. Companies that don’t adapt – including companies in the financial system – will go bankrupt without question.”

The long-standing myths about electric vehicles one reason they aren’t everywhere and subject to months-long waits. David Common looks at why and some incentives that could boost supply of electric vehicles. Here is a direct video link.

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December 25th, 2019

Posted In: Juggling Dynamite

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