Note sure when Buffett talked about peak oil… you are arguing against strawman. Not sure who here is arguing about peak oil. I am certainly skeptical about mass EV adoption in the next few years or Oil demand falling through the cliff because of it. Still fossil fuels are the major source for electricity generation and the electricity is absolutely required for EV’s. So, you may move the fossil fuel from the car to electricity generation. But I am not seeing tangible alternatives to fossil fuels.
You got to better than newspaper and internet comparison.
I have a model Y Tesla. My nest car will likely be a hybrid and not an EV. I think based on my experience that the battery technology is lacking. My car is 18 months old and my battery has lost 15% of its capacity. So a car that I thought I could drive for 331 miles now can only do 265. And really the number is less because you are not supposed to charge your car to 100%. That does not sit well with me. Tesla is unwilling to address the issue until I lose 30%. To me, I have already reached a threshold that is unacceptable.
I understand your point. Some of my friend have made a similar decision. One friend bought a $90k BWM PHEV. However, hybrids intrinsically have the costs and problems of both EV and ICE. They have too many moving parts. They emit harmful gases.
EVs are getting cheaper and range is increasing. These ICE and Hybrid companies will not be able to compete. Many are also unionized and huge debt burdens and stuck with legacy baggage and workforce.
ALL transportation is going Electric. Cars, Bicycles, AutoRickshaws, Buses, Trucks, Vans, Semis, Boats, Ships, Airplanes:
I am interested in hearing you thought of the following:
If the next gen Model Y has a 500 mile range, offers FSD and is cheap (let’s say $35k after incentives), will you still opt for an ICE / Hybrid ?
That would be compelling and I would certainly consider it. The Tesla car is great. I think it would sit better with me if they were able to market the long term miles expectations and not Day 1. I would add in my example above, even the 265 as stated on my computer screen is really more like 230 at 75+ MPH.
ExxonMobil is projecting 2050 demand about the same as now.
IEA projects declining demand for oil.
So the experts are projecting flat to declining volumes. Perhaps not an industry to be invested in unless there is a thesis that price will go up with declining demand.