Deweyp

The Electric Car Market: Wise Energy Use Stocks

Two points:
1) Most people will not give up the personal freedom an auto provides, even if the operating cost is higher by a few points.
2) The world is in the beginnings of a transition from petro power to electric and eventually hydrogen or even something more exotic. This would explain why there are few sales of electric vehicles. Few are being built yet. At the turn of the last century many made just the same argument about autos vs horses, and look where we are now.
There will always be a need for mass transport and some may find that to their liking, but I really do not believe autos are on the way out. I wouldn't bet against the auto companies, troubled as they are.