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EV’s…. Wired

You are here: Home / Commodity Research / EV’s…. Wired

March 16, 2022 by Jim Colburn Leave a Comment

Good article from Wired (channeling Dickens) on the best/worst time for EV’s:

”A bunch of people apparently agree. The car-shopping company Edmunds says that searches for hybrids, plug-in hybrids, and battery electric vehicles jumped nearly 40 percent over the past month—up 18 percent in the first week of March alone. Environmentalists andsecurity wonks are in. Last week, a senior attorney for the Natural Resources Defense Council called for Americans to ditch their gas-powered rides, arguing, in a case that moved beyond this month’s terrifying events in Ukraine, that “drivers have been held hostage to the whims of petro-dictators for too long.” The Russian war has reinvigorated Carter-era calls for “energy independence.”

Too bad it’s a terrible time to buy a car—especially an electric one. Pandemic supply chain woes, production crunches, and congressional waffling about the future of electric subsidies have crashed into new challenges tied to the economic sanctions of Russia. “We don’t have enough batteries and auto manufacturing capacity to meet the demand for electric vehicles today, which is missing a prime opportunity,” says environmental economist Mark Paul of the New College of Florida. Plus, for the people most pinched by the rising cost of gas, going electric likely remains out of reach. The average transaction price for a new EV was $60,054 in February, almost $15,000 higher than the one for all new vehicles, according to Edmunds.

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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