Quote:
Originally Posted by ssiguy
In regard to all these EV plants going up in Ontario and the naysayers who say they won't be needed as EV sales are falling, that is very shortsighted and proceeds from the false assumption that these plants will only supply 100% electric vehicles.
We collectively have this idea that all EVs are 100% electric a la Telsa but that is not the case. An EV is exactly that, a vehicle that can run on electricity but that does NOT mean it can only run on electricity. PHEV and hybrid cars are also electric just not 100%. Hence these battery/car manufacturing plants will not only be supplying batteries for pure EVs but also PHEVs and crucially hybrids which are soaring in demand as Toyota can attest.
|
You don't need $15B worth of investment including cathode manufacturing to build PHEVs. That works be horrendous ROC and ROI, that would amount to basically losing money on every hybrid sold.
Your bias against EVs makes you blind to basic investment fundamentals. The battery makers partnering here wouldn't bother if they believed this was for PHEVs exclusively.