Posted on 02/11/2021 1:41:15 AM PST by nickcarraway
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.
But nowhere has this change been as dramatic as the transport industry, with EV titans such as Tesla Inc. (NASDAQ:TSLA) and NIO Ltd. (NYSE:NIO) now commanding substantially higher valuations than their imposing ICE brethren, General Motors (NYSE:GM) and Ford Motors (NYSE:F). Indeed, the global EV sector now carries a higher valuation than the global ICE sector despite accounting for less than 3% of new vehicle sales in 2020.
It's a situation eerily reminiscent of the thousands of buggy and whip companies that were rendered obsolete in the early 20th century.
But now, a section of Wall Street says the situation is a lot more dire than that.
Morgan Stanley has argued that traditional ICE makers are destined to become money-losers as early as 2030.
MS' analyst Adam Jonas says the market may be ascribing zero or even negative value for ICE-derived revenues at GM and Ford and has listed a variety of factors that are likely to transform the companies' once-profitable assets into potentially cash-burning and loss-making businesses.
Pivoting to EVs
Morgan Stanley is hardly alone in its very dim outlook of the traditional auto industry.
A recent survey on institutional investors by the investment firm has revealed that 17% of respondents think ICE technology has no zero or negative value today, while 60% have rated ICE technology as only slightly positive. Just 23% think gasoline and diesel tech still carries a significant positive value. Related: Oil Prices Slip On Large Gasoline Build
(Excerpt) Read more at oilprice.com ...
AC units pull a lot of amps. No way is solar going to keep them going in the desert during the summer. But the elites don’t give a chit about the comfort of the little people.
Totally!
Everytime I see the term “renewable energy” it drives me crazy. Science deniers. There is no such thing as renewable energy.
I work in the investment field, and it is shocking how fast the ESG concept has taken over how investments are viewed. It is either all virtual signaling or to promote how they and their buddies can get rich promoting the latest snake oil.
Very easy to scale a house , try a large municipality.
>300 mile range, topped off every morning. Daytime charging is a rare & predictable inconvenience of <30 minutes.
With the fan oven now off, we’re exporting 150w to the grid, and still getting 1680w. The battery is charging at max rate but we’d need more batteries to capture all the juice coming from solar.
I could’ve installed the system for a lot less if it had been ground level, but it’s a large Victorian property with very high ceilings and it’s a 30 foot haul to get up on the roofs, so I got the pros in rather than mess about.
Making America Last Again
A true index of freedom is the availability of cheap energy, these idiots in Washington understand that
One way they can remove a lot of fossil fuel use from the reach of poor and middle class Americans is more taxes and fees on use. We should not assume our “leaders” in DC won’t screw up the country even more.
They are going to CAUSE the price of gas and oil to rise to the point where everything is as expensive as solar.
By that time China will be here and we will be in re-education camps because we will be defenseless with our solar powered aircraft carriers and fighters,our missies will fly as far as California if we’re lucky
That is true but the total carbon footprint of manufacturing a solar panel that is then operational over a 20 year lifespan needs to be compared to the equivalent footprint of capture, storage and refinement of fossil fuel. But it’s not about carbon footprint for me; with Russian interference in the gas supply and the infrastructure around here being well past it’s best, it’s a no brainer from a “security of supply” perspective.
The alternative is, tolerate every road for miles around being dug up for months on end to replace 90 year old water pipes and sewers, 50 year old gas mains, 40 year old telephone cables and 30 year old mains electrics... And then be locked into a power grid that is totally dependent on imported fuel.
Most of our heating is provided via multifuel stoves, with seasoned timber provided by the local forestry. Water is now coming from local reservoirs. So it’s the entire heating, water and power setup that we’re working on - local grids not national.
Stop with your well-informed, reasonable updates on the state of the technology!! No one needs that sort of information around here! We have our innate biases to rely on, that prove to us that things never change in the economy!
Totally driven by government regs...not real “supply and demand” economics. Therefore bullshit. Don’t think I will rely on Morgan-Stanley recommendations is this is the quality thereof.
I think she is broke to the bit and harness. And to think of it she does have a mules face
I think they are sorely mistaken by decades.
Will the industry make enough for BLM to make Molotov cocktails?
You are predicting exactly how much for solar (dollars per watt)? I have heard stories for years about 50 cents a watt, 25 cents a watt, etc. Right now panels are a dollar a watt same as 10 years ago.
That's what I want to know too. I just paid a buck a watt.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.