Hendriske wrote in a note, “For penetration rates to increase to this extent, something needs to give way. Lastly, a lack of charging infrastructure, as well as battery range still, present hurdles to consumers. Even if a company can find a steady supply, at $8-10k on average for even smaller cars, batteries are still expensive, meaning EVs remain more costly than internal combustion engines (ICE) before incentives. Due to complex battery supply chains, OEM’s are still struggling to secure either battery cells or the raw materials to manufacture them. However, he wonders exactly how the plan will come together. Morgan Stanley analyst, Harald Hendrikse recognizes the impact of reducing greenhouse gases. Furthermore, NY will receive funding from the Department of Transportation to build an interconnected network of reliable chargers. Now, in addition to the federal tax rebate of $7,500, consumers in NY have access to an extra $2,000 point-of-sale rebate. Morgan Stanley, after examining the current state of battery supply chains and EV prices, believes this goal will be difficult to achieve.Īs part of the plan, NY is making additional grants and subsidies available to both municipalities and individuals. The plan is aimed at reducing greenhouse gas emissions and represents a key step in achieving NY's target of reducing emissions 85% by 2050. The state of New York has announced that, similar to California, all new vehicles sold in the state will be battery electric vehicles by 2035. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.Īll investing is subject to risk, including the possible loss of the money you invest.Get inside Wall Street with StreetInsider Premium. For further assistance, please call The Options Industry Council (OIC) helpline at 888-OPTIONS or visit for more information. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. The booklet contains information on options issued by OCC. Franklin Street, Suite 1200, Chicago, IL 60606 ( 88 or 888-OPTIONS). It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at 125 S. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. Options involve risk, including the possibility that you could lose more money than you invest.
Options are a leveraged investment and are not suitable for every investor.
0 kommentar(er)
