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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: abromber   😊 😞
Number: of 15058 
Subject: Pilot and EVs
Date: 01/18/2024 12:25 PM
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Interesting article notes that Pilot has entered into a partnership with GM and EVGo to install 2000 DC fast chargers at 500 Pilot truck stops on highways nationwide. EVgo, which will operate the charging stations, is already working with GM to put 3,250 chargers in major U.S. cities and suburbs in place. GM customers will get preferential treatment regarding reservations at these stations.

Presumably this is just the beginning of a national network of Pilot interstate charging stations that can handle ICE's and EV's of every size shape and description. It's the future, and they are going to need a lot of them! I know it is a tough business and others here can comment on that but they are proceeding cautiously. Only 17 stations to start. 250 in the upcoming year. https://investorplace.com/2023/03/3-reasons-buffet.... The July 2022 press release is at https://pilotflyingj.com/press-release/19335,

For those who are curious how it is going (slowly), a Dec 2023 update is available at https://www.theverge.com/2023/12/5/23988171/gm-ev-...

I think in the past, you had to understand insurance to understand BRK, and to some extent that still true. But more and more, BRK's future growth (and profits) will be in the energy business. Produce it, distribute it, sell it, finance it, mitigate it. Oil, gas, solar, wind, whatever the market requires. It's big. Greg is managing the transition to clean energy really well, and he is the guy to run this version of BRK. I can't wait until he buys OXY and puts Vicki in charge of BHE.

abromber
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