Andy’s 4-Step Long-Term Financial Plan
- Lease as many EVs as Possible
- Invest in Charge Infrastructure, as much as possible
- ???
- Profit
I have been fighting on everyone here’s behalf to increase availability/stock of EVs, which will induce competition between dealers, in New Jersey. Sitting inventory and increased competition will hopefully lead to lower prices, which will hopefully drive EV adoption. At the end of the day, my long-term investment strategy is to invest in charge station infrastructure. Most of my money is tied up in the fact bet that New Jerseyians will eventually adopt EVs.
It’s just a matter of when. I can assure you I have a huge financial incentive to get as many EVs on the road in NJ as possible, as quickly as possible. I’m not going to build personal wealth $249 at a time.
The Point-of-Sale vs Post-Sale doesn’t matter as much as you may think. Dealers know you are eligible for a Post-Sale rebate so whether you apply or they apply, it doesn’t change how these things will be priced during a demand spike.
Market-based pricing will prevail on EVs, as long as there is an in-stock selection: rebates or no rebates.
The LH crowd is more savvy than most, so its those here that are propelling demand, combined with people like me that are pushing dealerships to invest increasing their supply pipeline for EVs, which are what drive EV adoption in NJ the most.
I’m trying to create a situation where there are more EVs in stock than there are customers looking for them, so that we can all enjoy competitive pricing and not see egregiously marked-up cars.
Don’t forget, dealers need to make significant investments in charging infrastructure to get these cars on the road as quickly as they can with gas cars. One of the biggest contributors to wait times for my customers last year was waiting for cars to be fully charged to take delivery.
If you too want to profit off of the growth of EVs, there are a smattering of public ticker symbols whose businesses revolve around profiting off of there being more EVs on the road. This is not investment/financial advice - but I believe in EVs. And I believe NJ is a near-ideal state to realize their potential.