Over time investors will realise the electric car as a business is tye same as petrol car....competitive and low margins.
Valuations will drop to normal car company levels.
![[Image: hF8JthK.jpg]](https://i.imgur.com/hF8JthK.jpg)
EV in China only sold as low as $2000 USD.
Tesla 3 wants to sell above $100k SGD.
Price indicated exclude COE.
Cut price is a must lah.
You know how greedy are the manipulators.
Do you know hybrid car is a gimmick?
This is mainly due to Japan car manufacturers still dont want to phase out petrol car. The petrol car parts can be used in hybrid car.