Heads should roll over the electric car fiasco

[Captain Caveman]

https://archive.is/Eei76

Profits at the German auto giant Mercedes plunged on Friday as sales of its slick new range of electric vehicles (EVs) went into freefall. Porsche abandoned its sales targets for battery-powered cars amid waning demand from customers. Ford is losing nearly $50,000 (£39,000) on every EV it sells, while Tesla’s profits dropped 45pc. Meanwhile, battery manufacturers such as Germany’s Varta are getting wiped out.
Over the last few days, it has become clear that the EV industry is on the brink of collapse. Hundreds of billions of euros, dollars and pounds have been pumped into this industry by political leaders and the subsidy junkies that surround them – and it is surely time they were held to account for the vast quantities of taxpayer cash that has been wasted.

Well, as predicted, the EV dream is collapsing big style. So much so, resentment towards policymakers is ramping up.

 

[Kilroy2]

Automotive industry has a long list of cars that did not live up to the hype for various reasons

for example the Volkswagen beetle had ended production production in 2019

They even made a movie about that car.

General pubic is like that, they jump on something but eventually grow tired of it or a new "Must Have" hits the market.

Still with most the electric car is just one of their divisions.

Electric cars may be one of them. Still if the price goes down, I would buy one as long as its a hybrid.

The problem is everyone tries to jump on that boat and it becomes to crowded.

Tesla sales over the years has been steady and increasing. Still strong so as one of the companies that make a total commitment, we will have to wait and see where it goes.

Tesla deliveries by quarter 2024 | Statista

Tesla quarterly deliveries worldwide broke records in 2022 and 2023. This came after Tesla deliveries increased to over 300,000 in the fourth quarter of 2021.

www.statista.com

 

[okfine]

Automotive industry has a long list of cars that did not live up to the hype for various reasons

for example the Volkswagen beetle had ended production production in 2019

They even made a movie about that car.

General pubic is like that, they jump on something but eventually grow tired of it or a new "Must Have" hits the market.

Still with most the electric car is just one of their divisions.

Electric cars may be one of them. Still if the price goes down, I would buy one as long as its a hybrid.

The problem is everyone tries to jump on that boat and it becomes to crowded.

Tesla sales over the years has been steady and increasing. Still strong so as one of the companies that make a total commitment, we will have to wait and see where it goes.

Tesla deliveries by quarter 2024 | Statista

Tesla quarterly deliveries worldwide broke records in 2022 and 2023. This came after Tesla deliveries increased to over 300,000 in the fourth quarter of 2021.

www.statista.com

The Bug set sales records in the US and it's one of the most recognized vehicles ever made.

 

[Crepitus]

https://archive.is/Eei76

Profits at the German auto giant Mercedes plunged on Friday as sales of its slick new range of electric vehicles (EVs) went into freefall. Porsche abandoned its sales targets for battery-powered cars amid waning demand from customers. Ford is losing nearly $50,000 (£39,000) on every EV it sells, while Tesla’s profits dropped 45pc. Meanwhile, battery manufacturers such as Germany’s Varta are getting wiped out.
Over the last few days, it has become clear that the EV industry is on the brink of collapse. Hundreds of billions of euros, dollars and pounds have been pumped into this industry by political leaders and the subsidy junkies that surround them – and it is surely time they were held to account for the vast quantities of taxpayer cash that has been wasted.

Well, as predicted, the EV dream is collapsing big style. So much so, resentment towards policymakers is ramping up.

Subsidies are ending. The market will stabilize soon.