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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Goofyhoofy ✸✹🐝🐝 HONORARY
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Number: of 22354 
Subject: Re: BRK: Why Not XOM?
Date: 12/15/24 5:17 PM
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Most EV owners seem pretty happy. None have needed a new battery yet, but they may not wait that long!

Actually it turns out that the battery will outlive the body of the car in most cases. There will be some minor degradation of range (plus or minus 10%) but not of acceleration or braking, and 15 years later those EVs will still be perking along. Then those “old” batteries will turn into house or community battery backups, as is already being done on a limited scale. (I talked with one guy repping a company which is doing so in Appalachian communities, taking available “regular” current and turning it via used EV batteries into “stored energy” for outages and super current needs. Will this effort succeed? Dunno, but it’s one example I found interesting.)

An AI summary I just asked for says: “ Electric vehicle (EV) batteries are expected to last 100,000 to 200,000 miles, or about 15 to 20 years.” Sykesix, who percolates these boards from time to time, has an older EV (a Bolt or a Volt, I think) who occasionally comments that it’s running fine. Perhaps he will chime in with some reality based news here.

PS: I am a big advocate of EVs for those for whom it makes sense, which is a lot of people. I also own a good slug of XOM and CHV, among other fossils. EVs and oil will coexist nicely, I’m quite sure.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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