Gas cars are being banned from future new vehicle sales in some areas. If they are being banned from operating in entire areas, we are talking about areas in the size of several city blocks at most, and only in control freak run areas.
Internal combustion vehicles will be around in the majority for a long time. The laws that you are thinking of have no effect on ownership existing ICE a vehicles or resale of them.
I don’t disagree that EV is the future. But the reality of the intended EV mandates have to be viewed realistically.
I'm surprised by many of the posts in this thread and while I don't disagree with your premise, it seems like we are on the cusp of a hinge point, the point at which EV's are priced the same or maybe even lower than gas vehicles.
How is Apple not acting exactly like Apple in their EV car pursuit?
They see a market that has 2.6 percent of global sales and 1 percent of car stock worldwide, at least that was from the start of 2020, with smartphone's getting to the point of maxing out vis a vis the percentage of people around the world that own a smartphone, Apple sees an industry that they could dominate or get a nice percentage chunk of sales, innovate and advance the technology, we could go on and on.
We all know the unbelievable way in which Apple perfected the smartphone, what if they do it again with the EV, the early news reports stated that Apple had battery technology that would be superior to the ones out there now, how true, we don't know, if indeed their batteries are better, by how much, who knows, but what if their batteries double the range of a Tesla, what if they recharge at half the time of a Tesla, what if they are lighter and cheaper to make, would you bet against them?
The car company they end up with is less important to me than the battery technology, couple that with the self driving software and LIDAR tech, if they improve on those fronts there is a chance that they could be the leader in this industry.
I'm interested in EV cars for a number of reasons but the one thing I am looking forward to is to be done with the maintenance and money spent on an aging gas car.
Oh and one more thing, the Biden administration should be very favorable to the EV market, will President Biden actually build out 500,000 charging stations across America, I don't know but I could see him championing Schumer's 2019 plan to offer rebates for trading in your gas car to buy an electric car, more tax credits in general, tax subsidies for electric car manufacturing plants in America.
Could Apple fall flat on their faces in this pursuit, of course, it could be a hinge point in their stock price in three to five years based on this endeavor.
Either way I am hoping they are successful and I hope they shake the industry up with technology that stuns the EV world.