The Single Biggest Threat To The Electric Vehicle Boom
We’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse. And this EV wave is only expected to grow bigger in the days ahead under the Biden administration. Just a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles. That’s up to 643,000 vehicles turning electric on the government’s dime. But Toyota’s president, Akio Toyoda, had an ominous prediction for what could lie ahead. He stated that if EVs are adopted too quickly, we may not have the energy to support them at thi...
Source: oilprice.com