Honda Hauls and Tesla Falls - 2021 Deep Freeze - The Catalyst
The confidence of people in the grid, and therefore EV, has taken a serious hit. It is exactly this confidence that results in the purchase of EV's.
We're going to see a pulling away from EV's due to the historic cold and power outages which are currently gripping a large portion of the US. The only thing that will keep the push toward electric vehicles going at it's current pace is the Biden administration announcing a MASSIVE investment in infrastructure with an emphasis on the nation's power grid. But giant federally-backed projects take time to cook up.
Biden hates oil and gas, so energy prices are going to spike to all-time highs over the next few years. The SUV is DONE, GONE. Good luck getting your money back for your Tahoes and Escalades, they're going to be too expensive to feasibly operate.
With confidence shaken in EV, I think Honda is going to surge. The American auto manufacturers got away from passenger vehicles and have focused on SUVs, hard to find a proper car anymore. Many US automakers have promised all EVs by 2030. Given the dismal performance of the grid across the entire middle-portion of the country, the people ain't gonna buy em. As gas prices get out of control , we're going to see a major shift towards high-efficiency, gas-burning sedans.
I believe Honda is uniquely positioned to win the lion's share of of this new business. Yes, Toyota is there too, but they are pretty spendy nowadays. Honda has the reliability and a more reasonable price. Don't get me wrong, Toyota will win too, but in stock appreciation terms, Honda will lead.
For all the reasons mentioned above, I think HMC will see $100 within the next 5-8 years.
We're going to see a pulling away from EV's due to the historic cold and power outages which are currently gripping a large portion of the US. The only thing that will keep the push toward electric vehicles going at it's current pace is the Biden administration announcing a MASSIVE investment in infrastructure with an emphasis on the nation's power grid. But giant federally-backed projects take time to cook up.
Biden hates oil and gas, so energy prices are going to spike to all-time highs over the next few years. The SUV is DONE, GONE. Good luck getting your money back for your Tahoes and Escalades, they're going to be too expensive to feasibly operate.
With confidence shaken in EV, I think Honda is going to surge. The American auto manufacturers got away from passenger vehicles and have focused on SUVs, hard to find a proper car anymore. Many US automakers have promised all EVs by 2030. Given the dismal performance of the grid across the entire middle-portion of the country, the people ain't gonna buy em. As gas prices get out of control , we're going to see a major shift towards high-efficiency, gas-burning sedans.
I believe Honda is uniquely positioned to win the lion's share of of this new business. Yes, Toyota is there too, but they are pretty spendy nowadays. Honda has the reliability and a more reasonable price. Don't get me wrong, Toyota will win too, but in stock appreciation terms, Honda will lead.
For all the reasons mentioned above, I think HMC will see $100 within the next 5-8 years.