I hope this video helped you get brighter about Tesla! My website: www.HerbertOng.com See the MOST comprehensive resource for the $TSLA Investor Join this channel or my Patreon to get free access to 15+ modules of TSLA investor resources Join this channel: ruclips.net/channel/UC4DBLlq1x0AKmip1QJUcbXgjoin Join my Patreon: www.patreon.com/brighterwithherbert Thank you for supporting this channel! I really do appreciate your likes, subscribes and comments. Let's get brighter! Herbert
I moved from Tampa to Santa Clara a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year
There are many advisors to choose from. But I work with *Layan Talia Chokr* and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Thanks for the recommendation, I just googled her and I'm really impressed with her credentials, I reached out to her since I need all the assistance I can get.
Herbert, another great interview. Larry, great work on this, I appreciate your perspective. Final thoughts? You don’t need to start a war, both companies are doing great work. That being said, you don’t get to do great things without a competitive nature. Sometimes it’s good to stir the pot and rally the troops. Another great show, gentlemen!
The complexity of a ICE compared to electric motor will be the cause of ICE automobiles demise. If Toyota produces the water engine it faces the same fate as the ICE engine.
😂😂😂 dude have you ever seen that POS do anything other than pick up small objects really slow with 1 hand via remote operated haptic suit, or kind of walking on a smooth surface? It's 20 years behind at least 100 competitors.
Herbert can we find out what is the accident rates of Uber accidents vs Tesla FSD accident rates and compare those actual statistics. Then compare passenger safety of using and Uber as compared to if FSD Robotaxi at this point
eventually. Lower risks initially will provide higher margins and profits for insurance companies and only eventually trickle down as reduced rates for the insured.
@@yourlogicalnightmare1014, is Tesla insurance (exists already) dropping rates when the vehicle is on AP or supervised FSD? Currently it has not been reported however if you makes mistakes they will raise your rates.
Residential China electricity is $0.07/kwh, in the USA it is avg $0.16. Thus, 50%+ vs 8% BEV China vs USA market share. Cheap electricity is the key, come on guys, do some analysis on this
Even at $.16 is way cheaper than gas. Now that the electric cars are selling for the same as gas cars it’s a no-brainer to save $1000 a year on gas and maintenance.
4.2 million homes in the US have solar panels, reducing or eliminating electric utility bills. I wonder if this is taken into account when determining the average cost per kilowatt hour? I would doubt it.
@@joehowe9532 ok, say 2% of US houses have solar, 0.02 x $0.16 = $0.0032. Thus, avg price would be $0.1568/kwh. This is not enough to get market share from 8 to 50%.
Herbert, I am a huge Tesla fan, Elon fan and your fan as well. I also have a 2023 Model Y and also a long-term Tesla investor and plan on holding my Tesla shares till atleast 2030. Despite the good sales, I very strongly believe that, if the new Tesla cars have the indicator stalks, atleast as an option, preferably just standard, there will be a huge or much bigger sales boost especially for the long term. Tesla please bring back the Indicator Stalks.
How can Tesla access the mileage travelled with ICE vehicles. Are Tesla drivers better? Bottom line is the FSD software is still far from being accepted worldwide.
Depends on the country. In Norway, where EVs are now close to 100% of new car sales gas stations are likely to disappear in a hurry. China is now >50% plug in new car sales, so the need for gas stations should start to fall soon. Longer in the US because we are blocking affordable EVs. At least for now.
The need for charging stations is only temporary until chargers are common devices at apartments and homes. So in the future there will be more chargers but the majority of charging will be done at home or work.
@@ricinro Robotaxis will need full-service charging stations where they can be charged and cleaned by the EV station that will replace the current gas stations.
The first move might be where some of the larger gas stations (especially ones by interstates that also have large retail operations) keep their pumps but begin to add chargers. Over time, more chargers and fewer pumps.
@@bobwallace9753 The cost of self-insuring the Tesla will be passed to the owner. The best deal may become having the Tesla insurance along with the FSD instead of using another insurance provider.
I always look forward to receiving information. It would be fair to say that autonomous driving, which monitors its surroundings with eight cameras, is at least four times safer than a human, compared to a human with two eyes. Sugar's pot is advanced because it can understand and learn voices, and it is thought that it will become a strong enemy of Optimus.
Aren’t Tesla drivers generally more experienced and older? Therefore, safer? I would like to know what percentage of Tesla drivers are under 20 years old. I agree FSD is a benefit to safety, however, it seems the comparisons are not equal. It’s an apples to oranges comparison.
Improvement of FSD is brilliant, but statistics of safety is making zero impact upon insurance. Tesla insurance is SO expensive because the cars that Tesla make , accelerate too fast. This fast acceleration is causing accidents.
I feel like crashes/accidents is the wrong metric to track FSD safety, we should be more focused on miles/intervention and more specifically miles/safety critical intervention
If you are coming out with less use a federator that going to change the game everybody’s going to use this refrigerator and then other companies pop up in copy your refrigerator. Are you gonna keep showing your refrigerator?
that super high variance suggests a very small sample size. Massive swings like those posted should be much smaller if there is a significant sample size.. odd
On the one table, shows millions of miles driven per accident and the other, shows number of accidents per million miles. Thats a mega difference. Which is which?
I do not know how you call that booming. In July Tesla sold 46,789 cars in China, a 21.9% drop compared to the June sale number. Tesla exported 27,700 car from China in July. That tells me Tesla could not compete in China. The productions of Shanghai factory were never meant to be exported since it incurs additional costs. Booming or record are not the right words.
Tariffs in Europe and US are very short sighted. Countries that dont have a car industry to support are accepting of any manufacturer to sell in the local market, dropping the average cost of a vehicle. If all non-tariff countries around the world had a similar policy, All Euro and US OEMs will feel the impact of that directly, even with zero cars from China sold in their local market. A blood bath is imminent
China sales are reflected in lower prices and low interest or free financing. Hybrids still have a decent market share and technology is far from dead. So many more practicalities. Time being the main one. Trying renting an EV and have it back the next morning with a full charge. Try finding an available charging station then wait to use plus spend an hour recharging it. Who has that time to waste. Why hybrids will always their place in that market. Why companies like Hertz have ditched squillions of EVs.
Zero jobs for humans means a crash in sales unless they give the humans something else to do that produces income. Coles and woolworths in australia now have self checkout , so where have all the operators gone?
If Figure has a good robot, then ability to efficiently manufacture would not seem to be a problem. The market is so huge that Tesla will be able to service only a small portion. If Figure has to sell at a higher price they will still find customers. Then, over time, good engineers and factory specialists can figure out how to make more affordable Figures. It just means that Tesla will be the most profitable producer at first. Later on, competition is likely to even out cost and price.
@@steveedlund7357 The market for bots will be enormous. There are companies that know know to manufacture efficiently, look at things such as laptops and phones. Tesla may have a manufacturing cost advantage at first but that doesn't mean other companies won't be able to find customers and scale up over time. Actual competition could be a couple of decades away when production starts to reach demand saturation.
Germany ended EV incentives as of 12/31/23, hence the steep drop in Q1/Q2 2024. People moved their purchases up to take advantage of the incentives (I would too!). Therefore a lag in Q1 and Q2. It will eventually pick up again in Germany, and this affected all EV manufacturers, not just Tesla.
I have a suspicion, that Elon putting himself in charge of sales is showing his other excellency of an outstanding sales effectiveness like no other except me perhaps, but I am retired and not in competition. Ah Ah Ah.
32% of fatal accidents are caused by Drunk Drivers, but I could not find the percentage that includes non-fatal car accidents. Drunk drivers should be removed from your accident statistics is my point.
Investment enthusiasm is VERY IMPORTANT. The perception of best is incredibly valuable so to poo poo the efforts to shine by bot companies is a shallow comment.
There’s a lot of phone companies as well my baby niece has a free phone from the government. What does that mean? If you invite somebody to your house in say Hey look at my figure robot and they say cool. I have a Tesla bought at the house. What does that mean I think figure is the free government phone
The grey line includes cars of any age, drivers of any economic level, drivers of any experience level and any level of impairment. Another effect is that Teslas may see less of the worst winter driving conditions because of owners using an ICE vehicle for its better cold weather range. So the average driver is not a good driver. It would be interesting to know how supervised FSD compares to good drivers in the same conditions in non-Tesla vehicles.
If you don't know what you are doing stop your losses now and buy in to an index fund, but learn about them first. Remember this. Anyone that is able to find the non losing investment will never tell no one., and make money over fist. All remaining others only hope to make money for themselves first and perhaps for you too, but trust no one, especially those with lofty claims, as no one knows the future. But with a good index fund you can make good money while limiting risks, but buy only long term at least seven years, because the quickest way to lose money fast is by moving it around from stock to stock. I am not a trader and I have had many losses. So take my advise. Otherwise you will never earn enough money to cover your losses. Good luck.
Shorter version. Never buy an individual company stock unless you really, really understand that company. If you don't have deep company knowledge put your money in low fee index funds.
1.6 Billion miles resulted in10X safer than human drivers. By mid or 19:00 the end of 2025 Tesla will have approximately 5 Billion real world driving data that is what regulators want to see with safety factor of at least 7X vs human drivers. Both the 5 Billion real world data and at least or 7X rate of safety vs those of human driver is in my onion achievable giving the rate of FSD progress we have seen in 12.5 and😊beyond . 😊
Brett's attitude cost him an investor in Larry and the same MAY have happened to Elon over the years and even now with his ventures. The pertinent thing to look at are the RESULTS, because SUCCESS SPEAKS LOUDLY without you having to say a word. We have to always be careful that our EGOS don't get ahead of your mouths and put us in a position were we one day have to... eat crow. Brett isn't doing him any favors in my book with what Larry spoke about happened to him, but I will give it time to see if his attitude is backed up with RESULTS. CEO's come in different flavors and considering what we have come to accept from Elon, Brett has more room than he would have a decade ago.
The whole hybrid bubble was predicated on them being superior in gas mileage to pure ICE powered vehicles, especially in city driving. They are still ICE powered vehicles, they just recover a portion of the energy via regenerative braking which increased their fuel efficiency against gas-powered vehicles in city driving cycles. They are over-complicated and need fossil fuels to operate. Pure EVs have left them in the dust. They will be a footnote in automotive history, a rather short footnote! Fossil fuels are not sustainable, they will be exhausted, both figuratively and literally! All barrels of crude oil, once extracted, will NEVER again be crude oil. All gallons of gasoline, once burned will NEVER be gasoline again. All the elements in batteries (Lithium, nickle, carbon, manganese, iron, phosphorus, sodium, etc.) will forever be themselves and be recyclable. No elemental transmutation here!
I hope this video helped you get brighter about Tesla!
My website: www.HerbertOng.com
See the MOST comprehensive resource for the $TSLA Investor
Join this channel or my Patreon to get free access to 15+ modules of TSLA investor resources
Join this channel: ruclips.net/channel/UC4DBLlq1x0AKmip1QJUcbXgjoin
Join my Patreon: www.patreon.com/brighterwithherbert
Thank you for supporting this channel! I really do appreciate your likes, subscribes and comments.
Let's get brighter!
Herbert
I moved from Tampa to Santa Clara a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year
I’m an art collector, this is not very new to me but has a nuance to it. Can you assist me?
There are many advisors to choose from. But I work with *Layan Talia Chokr* and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Thanks for the recommendation, I just googled her and I'm really impressed with her credentials, I reached out to her since I need all the assistance I can get.
Herbert, another great interview. Larry, great work on this, I appreciate your perspective.
Final thoughts? You don’t need to start a war, both companies are doing great work.
That being said, you don’t get to do great things without a competitive nature.
Sometimes it’s good to stir the pot and rally the troops.
Another great show, gentlemen!
The complexity of a ICE compared to electric motor will be the cause of ICE automobiles demise. If Toyota produces the water engine it faces the same fate as the ICE engine.
I don't see any rivalry, There is going to be Tesla AI FSD powered Bots and all the Tesla killers getting the crumbs, until they finish the financing.
😂😂😂 dude have you ever seen that POS do anything other than pick up small objects really slow with 1 hand via remote operated haptic suit, or kind of walking on a smooth surface?
It's 20 years behind at least 100 competitors.
Herbert can we find out what is the accident rates of Uber accidents vs Tesla FSD accident rates and compare those actual statistics. Then compare passenger safety of using and Uber as compared to if FSD Robotaxi at this point
LG is exceptionally wise. A legitimate OG.
the accident chart headline is backwards. It's not Accidents per Million Miles. It's Millions of Miles per Accident...
Insurance rates will diverge for FSD vs human driven cars.
eventually. Lower risks initially will provide higher margins and profits for insurance companies and only eventually trickle down as reduced rates for the insured.
@@ricinro
Tesslugh will offer their own insurance because they know every second what is going on in the car. Nothing to 'trickle down'
@@yourlogicalnightmare1014, is Tesla insurance (exists already) dropping rates when the vehicle is on AP or supervised FSD? Currently it has not been reported however if you makes mistakes they will raise your rates.
@@ricinro
Its only legal in 12 states, and mine isnt one of them, so I dunno.
Residential China electricity is $0.07/kwh, in the USA it is avg $0.16. Thus, 50%+ vs 8% BEV China vs USA market share. Cheap electricity is the key, come on guys, do some analysis on this
Even at $.16 is way cheaper than gas. Now that the electric cars are selling for the same as gas cars it’s a no-brainer to save $1000 a year on gas and maintenance.
@@robertstout7756 yes, but if you want 50% market share you need $0.07/kwh.
4.2 million homes in the US have solar panels, reducing or eliminating electric utility bills. I wonder if this is taken into account when determining the average cost per kilowatt hour? I would doubt it.
@@joehowe9532 ok, say 2% of US houses have solar, 0.02 x $0.16 = $0.0032. Thus, avg price would be $0.1568/kwh. This is not enough to get market share from 8 to 50%.
There is only 1 direction the price of electricity will go... and it's definitely not down.
Herbert, I am a huge Tesla fan, Elon fan and your fan as well. I also have a 2023 Model Y and also a long-term Tesla investor and plan on holding my Tesla shares till atleast 2030. Despite the good sales, I very strongly believe that, if the new Tesla cars have the indicator stalks, atleast as an option, preferably just standard, there will be a huge or much bigger sales boost especially for the long term. Tesla please bring back the Indicator Stalks.
Herbert chuckling at Larry looking up, was very funny, I think Larry was looking for heavenly Inspiration.
Difference statistics for road accidents with secondhand Tesla vehicles..... different clientele
How can Tesla access the mileage travelled with ICE vehicles. Are Tesla drivers better?
Bottom line is the FSD software is still far from being accepted worldwide.
Larry, your analysis is spot on .I bought my Tesla stock because of you. not help me. Hopefully, I’ll help my kids. Thanks.
Is the accident data broken out by fault/not at fault?
What year will it become harder to find a gas station than an EV charging station?
Now,
Every house is a charging station🎉
Depends on the country. In Norway, where EVs are now close to 100% of new car sales gas stations are likely to disappear in a hurry. China is now >50% plug in new car sales, so the need for gas stations should start to fall soon. Longer in the US because we are blocking affordable EVs. At least for now.
The need for charging stations is only temporary until chargers are common devices at apartments and homes. So in the future there will be more chargers but the majority of charging will be done at home or work.
@@ricinro Robotaxis will need full-service charging stations where they can be charged and cleaned by the EV station that will replace the current gas stations.
The first move might be where some of the larger gas stations (especially ones by interstates that also have large retail operations) keep their pumps but begin to add chargers. Over time, more chargers and fewer pumps.
And meanwhile BYD has sold over 1 million hybrids and evs in the 3 months time span.
Tesla can lower insurance if 10 times safer😅
What it's really telling us is that it probably won't cost Tesla much to self-insure their robotaxis.
@@bobwallace9753 The cost of self-insuring the Tesla will be passed to the owner. The best deal may become having the Tesla insurance along with the FSD instead of using another insurance provider.
I always look forward to receiving information.
It would be fair to say that autonomous driving, which monitors its surroundings with eight cameras, is at least four times safer than a human, compared to a human with two eyes.
Sugar's pot is advanced because it can understand and learn voices, and it is thought that it will become a strong enemy of Optimus.
Aren’t Tesla drivers generally more experienced and older? Therefore, safer? I would like to know what percentage of Tesla drivers are under 20 years old. I agree FSD is a benefit to safety, however, it seems the comparisons are not equal. It’s an apples to oranges comparison.
And how are the sales in US?
I know why I bought a lot of TESLA shares over the last 10 days :)
Ya, me too
@@tesla-reactions6955
I hope your right
Because you believe in BS?
Improvement of FSD is brilliant, but statistics of safety is making zero impact upon insurance. Tesla insurance is SO expensive because the cars that Tesla make , accelerate too fast. This fast acceleration is causing accidents.
I feel like crashes/accidents is the wrong metric to track FSD safety, we should be more focused on miles/intervention and more specifically miles/safety critical intervention
He called him, Sassy 💁♀️ 🤣
If you are coming out with less use a federator that going to change the game everybody’s going to use this refrigerator and then other companies pop up in copy your refrigerator. Are you gonna keep showing your refrigerator?
add more shares tomorrow.
that super high variance suggests a very small sample size. Massive swings like those posted should be much smaller if there is a significant sample size.. odd
It's a very large sample size it's just it's seasonal and it's consistently seasonal
On the one table, shows millions of miles driven per accident and the other, shows number of accidents per million miles.
Thats a mega difference. Which is which?
I do not know how you call that booming.
In July Tesla sold 46,789 cars in China, a 21.9% drop compared to the June sale number.
Tesla exported 27,700 car from China in July. That tells me Tesla could not compete in China. The productions of Shanghai factory were never meant to be exported since it incurs additional costs.
Booming or record are not the right words.
Tariffs in Europe and US are very short sighted. Countries that dont have a car industry to support are accepting of any manufacturer to sell in the local market, dropping the average cost of a vehicle. If all non-tariff countries around the world had a similar policy, All Euro and US OEMs will feel the impact of that directly, even with zero cars from China sold in their local market. A blood bath is imminent
Do we call all fender benders accidents?
China sales are reflected in lower prices and low interest or free financing.
Hybrids still have a decent market share and technology is far from dead. So many more practicalities. Time being the main one. Trying renting an EV and have it back the next morning with a full charge. Try finding an available charging station then wait to use plus spend an hour recharging it. Who has that time to waste. Why hybrids will always their place in that market. Why companies like Hertz have ditched squillions of EVs.
Brilliant!
Zero jobs for humans means a crash in sales unless they give the humans something else to do that produces income. Coles and woolworths in australia now have self checkout , so where have all the operators gone?
a car is cheaper but a price is lower.
If Figure has a good robot, then ability to efficiently manufacture would not seem to be a problem. The market is so huge that Tesla will be able to service only a small portion. If Figure has to sell at a higher price they will still find customers. Then, over time, good engineers and factory specialists can figure out how to make more affordable Figures.
It just means that Tesla will be the most profitable producer at first. Later on, competition is likely to even out cost and price.
Does Figure have experience at scaling? It would be very difficult to manufacture a profitable bot at scale and compete with Tesla.
@@steveedlund7357
The market for bots will be enormous. There are companies that know know to manufacture efficiently, look at things such as laptops and phones. Tesla may have a manufacturing cost advantage at first but that doesn't mean other companies won't be able to find customers and scale up over time. Actual competition could be a couple of decades away when production starts to reach demand saturation.
Germany ended EV incentives as of 12/31/23, hence the steep drop in Q1/Q2 2024. People moved their purchases up to take advantage of the incentives (I would too!). Therefore a lag in Q1 and Q2. It will eventually pick up again in Germany, and this affected all EV manufacturers, not just Tesla.
A lot of people make EVs but only a couple are profitable. The same could be true of humanoid robots.
I have a suspicion, that Elon putting himself in charge of sales is showing his other excellency of an outstanding sales effectiveness like no other except me perhaps, but I am retired and not in competition. Ah Ah Ah.
So basically your show us all about having larry goldberg as a guest every time now .. 😂😂😂
oh great. EVs are cheaper. what does that mean for tesla stock? will go down
It means EV market share will grow even faster.
Great
32% of fatal accidents are caused by Drunk Drivers, but I could not find the percentage that includes non-fatal car accidents. Drunk drivers should be removed from your accident statistics is my point.
Why? If your loved one is hurt or injured in an accident does it really make much difference it's a driver was drunk.
Why
Investment enthusiasm is VERY IMPORTANT. The perception of best is incredibly valuable so to poo poo the efforts to shine by bot companies is a shallow comment.
There’s a lot of phone companies as well my baby niece has a free phone from the government. What does that mean? If you invite somebody to your house in say Hey look at my figure robot and they say cool. I have a Tesla bought at the house. What does that mean I think figure is the free government phone
You can wipe out seasonality by using 12 month running averages.
Each day we're getting closer to finding out how far behind Tesslugh really is
Who?
@@oggyoggy1299
Learn ebonics. It's not difficult
Look at all the companies B? created is changing the world
The grey line includes cars of any age, drivers of any economic level, drivers of any experience level and any level of impairment. Another effect is that Teslas may see less of the worst winter driving conditions because of owners using an ICE vehicle for its better cold weather range. So the average driver is not a good driver. It would be interesting to know how supervised FSD compares to good drivers in the same conditions in non-Tesla vehicles.
If you don't know what you are doing stop your losses now and buy in to an index fund, but learn about them first. Remember this. Anyone that is able to find the non losing investment will never tell no one., and make money over fist. All remaining others only hope to make money for themselves first and perhaps for you too, but trust no one, especially those with lofty claims, as no one knows the future. But with a good index fund you can make good money while limiting risks, but buy only long term at least seven years, because the quickest way to lose money fast is by moving it around from stock to stock. I am not a trader and I have had many losses. So take my advise. Otherwise you will never earn enough money to cover your losses. Good luck.
Shorter version. Never buy an individual company stock unless you really, really understand that company. If you don't have deep company knowledge put your money in low fee index funds.
ICE WILL MELT , THAT'S A FACT !
Elon often pokes fun at all sorts of people, I never saw you guys taking same stance!
... really nasty gram, reminds me of Nikola. A bit concerning.
1.6 Billion miles resulted in10X safer than human drivers. By mid or 19:00 the end of 2025 Tesla will have approximately 5 Billion real world driving data that is what regulators want to see with safety factor of at least 7X vs human drivers. Both the 5 Billion real world data and at least or 7X rate of safety vs those of human driver is in my onion achievable giving the rate of FSD progress we have seen in 12.5 and😊beyond . 😊
Sounds like a distopian nightmare
the yahoos of yahoo
Herbert, why do you feel the need to repeat everything Larry says to us like we are children that didn’t understand him? Give us break mate….
Why so critical, just listen or tune out mate
Brett's attitude cost him an investor in Larry and the same MAY have happened to Elon over the years and even now with his ventures. The pertinent thing to look at are the RESULTS, because SUCCESS SPEAKS LOUDLY without you having to say a word. We have to always be careful that our EGOS don't get ahead of your mouths and put us in a position were we one day have to... eat crow. Brett isn't doing him any favors in my book with what Larry spoke about happened to him, but I will give it time to see if his attitude is backed up with RESULTS. CEO's come in different flavors and considering what we have come to accept from Elon, Brett has more room than he would have a decade ago.
Wondering why the Figure robot has such rldiculously short thighs?
The whole hybrid bubble was predicated on them being superior in gas mileage to pure ICE powered vehicles, especially in city driving. They are still ICE powered vehicles, they just recover a portion of the energy via regenerative braking which increased their fuel efficiency against gas-powered vehicles in city driving cycles. They are over-complicated and need fossil fuels to operate.
Pure EVs have left them in the dust. They will be a footnote in automotive history, a rather short footnote!
Fossil fuels are not sustainable, they will be exhausted, both figuratively and literally! All barrels of crude oil, once extracted, will NEVER again be crude oil. All gallons of gasoline, once burned will NEVER be gasoline again. All the elements in batteries (Lithium, nickle, carbon, manganese, iron, phosphorus, sodium, etc.) will forever be themselves and be recyclable. No elemental transmutation here!