Being overly pessimistic or optimistic can be a bad thing. In this segment of The Motley Fool's financials-focused show, Where the Money Is, analysts Blake Bos and David Hanson look at the electric-car industry and the one bank that may have reasons to be optimistic.

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The article 1 Reason I'm Pessimistic About the Future of Electric Cars originally appeared on

Blake Bos has no position in any stocks mentioned. David Hanson owns shares of PNC Financial Services. The Motley Fool recommends and owns shares of Tesla Motors. It also owns shares of PNC Financial Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Well, the cost of driving is not coming down anyday. your presumptions is probably based on stable oil prices for years to come, well... sure we found new oil and gas in North Dakota and Canada and elsewhere. What is not known or made known to the general public is the real costs of developing and producing those so called new hydrocarbons through fracking and so forth. In fact, those new reserves are already known for decades since , but never developed simply because of economics and cheaper reserves still accessible elsewhere. Oil multinationals that sell gasoline are simply mixing costs of both old and new hydrocarbons and we are arriving at around $100 a barrel currently. As cheaper old hydrocarbons are depleted, the mix will nudge costs upwardly for years to come. Now, are you talking about waiting until it starts happening before taking another review on electric vehicles. By then, our economy will crumble for lack of long range preparations like setting up adequate manufacturing capacities for EVs. Currently, we probably couldnt produce more than a million EVs a year worldwide , more or less. We wear out far more vehicles every year than that. Investors are no good when it comes to sustaining our economy, as they are looking for spoils and rotten opporunities that keep arising out of crisises after others. The hydrocarbon-transporation industrial complex is huge and it sways its trunk that can do unreparable damage to our economies if not guided carefully. It takes planning which naturally strikes at capitalism as an odd thing. Capitalists couldnt care any less and we still havent learned that particular lesson yet.

November 12 2013 at 2:16 PM Report abuse rate up rate down Reply