I See the Future … It’s Electric
I’ve been around the car business my whole life. At the age of twelve I was washing cars. At fifteen, I was a porter and at seventeen, I became a salesperson. Through the years, I’ve seen plenty of changes. I saw interest rates in 1982 at 18% and recent rates at 0%. I saw gas fluctuate from two dollars a gallon to over four and back to two dollars quicker than a summer break. Now we witness Chrysler’s bankruptcy and soon to follow GM’s. The automobile industry is experiencing unprecedented changes, but I think the biggest and most important change is about to happen right before our eyes.
The gas combustion engine is about to go bye-bye! Whether you believe in global warming or peak oil theory, the electric car is coming. Electric cars produce no CO2 emissions and can be recharged via electricity produced by nuclear, wind, or solar power. In my opinion, nuclear power will win out amongst all the green alternatives. France currently produces 80% of its electricity from nuclear, and nuclear produces zero CO2. There are also advances in nuclear that can eliminate waste and risk problems like pebble bed reactors, but that’s another blog for another day.
I’m excited that we have the franchise – Nissan — that is going to dominate this new field. Carlos Ghosn, who runs Renault-Nissan, is pouring R&D dollars into the all-electric car. My personal opinion is he is spot on!
Here are links to a couple recent articles on Nissan’s first test vehicle:
Also, here is an article from a financial newsletter I read every day called Dow Theory Letters. Click here for Russell Article
The article discusses a couple possible investment opportunities regarding electric. I personally own the following energy and green stocks as a small part of my stock portfolio. (This is NOT investment advice; it’s just to illustrate how much I believe in electric.)
Thanks for visiting today’s blog. I’m looking forward to providing you with updates on the new technology.
Have a great day,