[ksa8907]

I was bullish on GM.... now I would bet the opposite, a drop in sales and stock value. They announced they will pursue EV's and not hybrids.

Meanwhile, everyone who buys a yukon denali or Cadillac Escalade could have purchased a Tesla model X but didn't and there is a reason they didn't.

I think EV's are the future, obviously, but a pure EV future is a long way off. Hybrids will need to be the vast majority before EV's become a majority of sales. And since hybrids will cause a huge upset to supply/demand of gasoline.... I dont see hybrids going away in my lifetime.


Edit: I would add that the break-even on cost of gas vs cost of electricity(including charge losses) for my volt is around $1.50 in the summer. So why bother with buying an EV if gas floats around $1.50 - $2.00/gal?