Over the past few days, people on social media made a lot of fun of California's situation. The theoretical framework, so far, sounds good. Moreover, he has directed the government to purchase almost exclusively EV or hybrid vehicles by 2027. This includes 500 thousand charging stations. Related to my aforementioned comments on the outlook of global EV sales, the Biden Administration wants 50% of all new vehicles sold to be electric or plug-in hybrid electric cars by 2030. In this case, I'm referring to the upcoming Midterms and the decision to boost the EV charging network as Seeking Alpha reported in great detail.Įssentially, the white house is approving the first $900 million in federal funding for electric vehicle charging stations in 35 US states. It helps the consumer - at least to some extent - while it also boosts support ahead of key elections. This opens up new possibilities for government intervention. The problem is that I believe that total auto sales will implode under any of these situations as it's simply not feasible to combine affordability and mass adoption of EV mobility, as we're currently finding out the hard way. A strict net-zero trajectory would push this number to 90%. In line with this, seven OEM brands have committed to 100 percent EV sales by 2030 within the European Union.īy 2035, we'll likely see a scenario where at least 80% of car sales in the big markets (EU, US, and China) are electric. In addition to the European Commission target, which requires around 60 percent EV sales by 2030, several countries have already announced an end to ICE sales by 2030. Now, we're at a point where multiple countries around the globe have started to ban the sale of new ICE cars in the not-too-distant future while McKinsey & Company looks into "Why the automotive future is electric".Ģ030 seems to be the first milestone. More recently, people started to really become interested in electric cars after many (global) government subsidies were introduced on top of the even more important fact that car companies started to offer electric alternatives. More than 100 years before global net zero efforts became the driving factor behind the switch from "dirty" ICE cars to "clean" electric vehicles. It's from 1903 when Henry Ford worked on electric mobility. There is no water circulating system to get out of order-no dangerous and evil-smelling gasoline and no noise. There is not that almost terrifying uncertain throb and whirr of the powerful combustion engine. There are no whirring and grinding gears with their numerous levers to confuse. More Government FundingĮlectricity is the thing. So, without further ado, let's dive into this interesting topic, and even more fascinating company as it is truly the go-to place for investors looking for charging exposure. And on top of that, we need to assess whether the market is ready to bet on money-losing stocks again, after all, that's what Blink Charging will be for the foreseeable future. While this is yet another tailwind for an already fast-growing company, we also need to discuss the competitive industry as well as headwinds related to the rush for net zero, which is overwhelmingly critical infrastructure. The company is currently seeing strong political tailwinds as Democrats are pushing hard for progress in the field of electric mobility - and everything related to it. In this article, we get to discuss a wide range of issues related to the Blink Charging Co.
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