dspp OK, thanks. In that case maybe I am misunderstanding VAG's intentions, so happy to be corrected.
The problem VW have is that no one believes what they say.
Not only did they get caught cheating on emissions, but they have put out various comments about BEV and yet at the same time they are still making a lot of money from ICE and HBV technology.
VW and a lot of legacy are caught in this vice, that to go for BEV seriously they have to scale back what they are doing in ICE and HBV, but that is where all their sales are currently coming from.
Ford have missed the boat and are now scrambling to have some politically credible position on BEV.
BMW have realised they are in trouble and have booted one of their guys but they are still in the same vice.
Mercedes have also been too complacent and are losing sales and spooking their investors.
Jaguar Landrover are a complete mess and the folk who hark back to what Jaguar and Range Rover where have failed to understand how they have changed. This is Scotty Kilmer's take on JLR:
https://youtu.be/8ke93byIouMGM have got electric cars and are selling them and look the best placed of legacy auto to do BEV although their volt is crude by comparison to a Tesla it is available and folk seem to like it.
Fiat Chrysler are lost in the wilderness.
Honda have seen the light and got a good town car almost into production but are in the vice re legacy still selling.
Toyota have gone a long way down the HBV which imho is a cul de sac that will pain them and they now seem to realise this and are trying to get big in BEV, but again are in the same vice.
Nissan have adopted the Renault approach: Make rubbish and sell it and French folk will keep buying it, ditto Peugeot.
Italian motors are all over the place.
Koreans can't make enough of their electric cars, not available in the UK for years.
Chinese are building fast, NIO have just produced several 10's of 1000s of their Tesla model X equivalent and BYD have a ton of stuff going on. China looks to me like a winner with BEV.
India are stuck without much battery capacity as I understand it, but are a natural market for Chinese BEV.
Volvo have seen the light and are going into fully BEV, dropping their diesel like its an hot potato, but they too have the vice that legacy is selling.
Russia doesn't seem to have a credible BEV capability.
Only Tesla are currently imho in a strong position with a portfolio of BEV and more coming, a proven tech and big expansions going on. There is still a ton of short interest, so I expect a short squeeze:
Short interest:
https://twitter.com/MattUntermanS3/stat ... 1329209344Meanwhile legacy power is doing its best to get the politicians to hurt renewables. As I understand Spain there are bans on private ownership of solar electric panels and in the UK Vat has just been thrown on solar, telling anyone who thinks what the political establishment understands: Money from legacy power beats clean air for their voters:
https://youtu.be/sjfCOkQr_MISimilar things being done in the US.
None of this surprises me. I expect legacy to use its political connections to slow renewables and BEV even thought its clear that they are fighting against a huge current, they will follow Edision and do some extraordinarily stupid things trying to show anyone who will not bother to study the situation that legacy fossil fuel is the best and that climate change is wrong.
Many investors will believe legacy and one sees these folk all over Seeking Alpha, playing what is a probability argument that goes something like: Legacy is established, has money and can easily weather any storm by controlling the politicians and getting favourable financial breaks while the new comers are weak. Often these kinds of arguments work but when one has disruptive tech they often don't and they cost investors who follow the ideas a packet.
Regards,