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Jeff Gritchen | Medianews Group | Getty ImagesA car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That's becoming a major barrier to wider adoption, according to some industry and investment experts. While lower used EV prices could increase their desirability to some buyers, they can also reduce demand for new electric vehicles, according to Karl Brauer, executive analyst at iSeeCars. Kuo further argued that the software and computing capabilities of used EVs may become outdated and incompatible with updates by the time they are sold or even beforehand. According to iSeeCars, dramatic drops in used electric vehicle values in the U.S. have largely been driven by aggressive price cuts by Tesla amid a broader price war in the EV market.
Persons: Jeff Gritchen, Karl Brauer, David Kuo, Kuo, EVs, iSeeCars, Tesla Organizations: Medianews, Getty, iSeeCars.com, Smart, Industry, Bloomberg, VW, Toyota Locations: Fountain Valley , California, U.S
With temperatures hitting all-time highs, consumers are turning to ice cream and chilled drinks to beat the heat — and analysts say some sectors could benefit. Several Southeast Asian cities hit record high temperatures in May as global climate change exacerbates heat waves and air pollution in the region. A street vendor selling bottles of chilled water amid high temperatures in Dhaka, Bangladesh, on Tuesday, June 6, 2023. "Use of air-conditioning will skyrocket, benefiting the HVAC industry but leading to extremely high levels of energy usage," said Allison Malmsten, public research director at Daxue Consulting. Cattle feeding at a cattle farm on December 13, 2020 in Pingliang, Gansu Province of China.
Persons: Bain, Zara Lightowler, Kuo, David Kuo, Allison Malmsten, Daxue, Rice Organizations: Getty, Company's, Vitasoy, Cola, PepsiCo, Bloomberg, Unilever, Smart Investor ., Daxue Consulting, Visual China, Co's, Sustainability Locations: Srinagar, Indian, Kashmir, Asia, El, Southeast Asia, Dhaka, Bangladesh, Pingliang, Gansu Province, China, Laos, Malaysia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's debt-to-GDP ratio is high but 'not onerous,' says The Smart InvestorDavid Kuo of The Smart Investor discusses the outlook for India's budget for the year, and says the country has "room to move."
CNBC Stock World Cup: Alibaba vs. TSMC — who wins?
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Alibaba vs. TSMC — who wins? In this round of CNBC's Stock World Cup challenge, David Kuo from The Smart Investor weighs in on whether Alibaba or TSMC is a better bet in giving investors a greater total return in the next year.
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