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Annals of GigaGrowth

Anybody that has dug through the numbers “gets” this, but the stock market apparently doesn’t. EV sales have actually been hurt much worse that normal cars during the slowdown— mainly because they cost more and deliver less value to the customer. It’s not a great time to be selling “virtue signalling” luxury goods.

2021 could be “their best year yet” or it could be the year the market says, “hey electrification is over-promising and under-delivering.  Let’s invest more in hybrids and the future in the form of FCEVs that do deliver actual benefits...”

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