The future is electric

 BYD is bringing a $40,000 electric car to the US. It promises 250 miles to a charge. If that does not impress you, then consider that GM’s Volt only does 50 miles. Fifty miles? Why do they bother?

 

What is more, it charges 50% in only 10 minutes. How incredible is that! One of the questions that is being asked: Will the Americans get over buying a Chinese made car? Well, they got over American made cars…

 

What is more, Warren Buffet and Charlie Munger is invested in BYD. Not only that, but Charlie says it is the investment in his life that he is most proud of. And that is quite something, given that the two of them are the most famous investors of all time.

 

The future sure seems to be electric!

 

 

Some more detail here.