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The more important Bloomberg link is about the EV bubble https://www.bloomberg.com/news/articles/2019-04-14/the-18-billion-electric-car-bubble-at-risk-of-bursti
by olivermarks 7y ago
The more important Bloomberg link is about the EV bubble
https://www.bloomberg.com/news/articles/2019-04-14/the-18-billion-electric-car-bubble-at-risk-of-bursting-in-china https://www.bloomberg.com/news/articles/2019-04-14/the-18-bi...
- hi5eyes 7y agowhat's not a bubble these days?
- 0xffff2 7y agoAs the saying goes, economists have predicted 7 of the last 3 recessions. Same applies to bubbles I think.
- seanmcdirmid 7y agoBubbles are easy to identify, bursting points are not.
- frankbreetz 7y agoIs it a bubble of it never pops?
- seanmcdirmid 7y agoThere is no such thing. Just like “it’s different this time” economic booms. The best result of a bubble is either a gradual deflation (prick it and let the air out slowly), or keep it from popping until demand can catch up.
- linuxlizard 7y agoI lol'd. I hadn't heard that before.
- Shivetya 7y agoI would be more concerned with a softness in the market outside of China. While we are still a few years away from a better selection EVs it does not mean they will spur higher sales. Tesla sells by reputation alone but other than them only Chinese brands have any good volume. The market may constrain them to 200+ EPA ratings which will keep the price high. What we have not seen in the US is a mid 100 mile range car (130-160 or such) at a much lower price. I would be curious if such a car in the low 20k starting range would work?
- AstralStorm 7y agoTesla does not have a good volume, even compared to something like Nissan Leaf, much less hybrids.