pknopp
Diamond Member
- Jul 22, 2019
- 70,031
- 26,964
- 2,210
Dumping inventory.
Everyone’s losing billions.
Many options now. As I said, this was noted long ago.
For some odd reason it pisses you off that EV's are getting more affordable.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Dumping inventory.
Everyone’s losing billions.
Homes in Detroit are affordable too, doesn’t mean people will ever buy them.Many options now. As I said, this was noted long ago.
For some odd reason it pisses you off that EV's are getting more affordable.
Homes in Detroit are affordable too, doesn’t mean people will ever buy them.
View attachment 818860
Some people are buying homes in Detroit. What’s your point?People are buying EV's. Again I have no idea why some get so upset over the simple choices of others.
You can't say that with the grotesque pressures made to force the market."EVs"? Oh, you mean oversized, overweight electric vehicles? Sure, they are going almost nowhere. Light vehicles powered by electricity are doing quite well.
show us?People are buying EV's. Again I have no idea why some get so upset over the simple choices of others.
Pretty much any time the government pays large subsidies to manufacturers to get them to manufacture something and/or pays subsidies to people to buy things they likely would not otherwise buy, you pretty much see a losing proposition just as soon as the subsidies end and also the free capitalist market is sidetracked and less efficient and effective.It’s ironic, to say the least, that the U.S. is seeking to imitate China’s economic model at the moment that its industrial policy fractures. Look no further than its collapsing electric-vehicle bubble, which is a lesson in how industries built by government often also fail because of government.
Tesla last week slashed its prices in China to boost sales in an oversaturated EV market. In July Tesla and other auto makers in China agreed to stop their EV price war, only to scrap the cease-fire days later owing to government antitrust concerns. While lower prices may benefit consumers, auto makers in China are bleeding red ink and going bust.
A plethora of Chinese EV start-ups launched in the past decade, fueled by government support, including consumer incentives and direct financing. Auto makers churned out EVs to suck up subsidies. Giant property developer Evergrande Group launched an EV unit as its real-estate empire began to implode, but now the EV unit is foundering too.
About 400 Chinese electric-car makers have failed in the past several years as Beijing reduced industry subsidies while ramping up production mandates. Scrap-yards around China are littered with EVs whose technology has become outdated, redolent of its unoccupied housing developments created by government-driven investment. […]
Cox Automotive reported this month that EV inventory had swelled to 103 days of supply in the U.S., about double that of gas-powered cars. Auto makers and dealers are discounting EVs to sell their growing supply. The average EV price paid by consumers has fallen 20% compared with a year ago to $53,438, driven by Tesla’s price cuts and dealer incentives.
Ford recently reduced its EV production targets as its losses and unsold inventory grow. At the end of June, it had 116 days of unsold Mustang Mach-Es, and GM’s electric Hummer had more than 100 days of supply. And this is in a growing economy.
Traditional auto makers will have to raise prices on gas-powered cars to compensate for their EV losses. A United Auto Workers executive said Sunday that Stellantis is threatening to move production of its Ram 1500 trucks to Mexico from suburban Detroit, no doubt to reduce costs. The EV jobs President Biden touts will come at the cost of union jobs building gas-powered vehicles.
Meantime, EV start-ups are floundering as interest rates climb, and they struggle to scale up manufacturing. Lordstown Motors filed for bankruptcy in June. Nikola Corp. warned this year that it had “substantial doubts” about its ability to stay in business.
Socialists love controlling every facet. How many staples to make for staplers. How many potatoes to grow for the peasants. What kind of transportation the peasants must use.
show us?
Electric car sales, 2016-2023 – Charts – Data & Statistics - IEA
Electric car sales, 2016-2023 - Chart and data by the International Energy Agency.www.iea.org
Yep, look at US sales!! HahahaYou post a graph of the number of EV sales and you ask me to show where people are buying EV's?
LOL
They are NOT GETTING MORE AFFORDABLEMany options now. As I said, this was noted long ago.
For some odd reason it pisses you off that EV's are getting more affordable.
It remains mysterious that so little recognition of "ebikes" is expressed. They are highest selling "ev"s. Truly small, light enclosed vehicles would also be viable and popular, but the personal vehicle gluttony displayed in America, like the obese person in the airplane seat, wallows over into the way of any progress toward sanity.Buying an EV is virtue signalling for people who want the green label but don't want to do anything actually green, such as commuting by bus or bike.
WOW...It’s ironic, to say the least, that the U.S. is seeking to imitate China’s economic model at the moment that its industrial policy fractures. Look no further than its collapsing electric-vehicle bubble, which is a lesson in how industries built by government often also fail because of government.
Tesla last week slashed its prices in China to boost sales in an oversaturated EV market. In July Tesla and other auto makers in China agreed to stop their EV price war, only to scrap the cease-fire days later owing to government antitrust concerns. While lower prices may benefit consumers, auto makers in China are bleeding red ink and going bust.
A plethora of Chinese EV start-ups launched in the past decade, fueled by government support, including consumer incentives and direct financing. Auto makers churned out EVs to suck up subsidies. Giant property developer Evergrande Group launched an EV unit as its real-estate empire began to implode, but now the EV unit is foundering too.
About 400 Chinese electric-car makers have failed in the past several years as Beijing reduced industry subsidies while ramping up production mandates. Scrap-yards around China are littered with EVs whose technology has become outdated, redolent of its unoccupied housing developments created by government-driven investment. […]
Cox Automotive reported this month that EV inventory had swelled to 103 days of supply in the U.S., about double that of gas-powered cars. Auto makers and dealers are discounting EVs to sell their growing supply. The average EV price paid by consumers has fallen 20% compared with a year ago to $53,438, driven by Tesla’s price cuts and dealer incentives.
Ford recently reduced its EV production targets as its losses and unsold inventory grow. At the end of June, it had 116 days of unsold Mustang Mach-Es, and GM’s electric Hummer had more than 100 days of supply. And this is in a growing economy.
Traditional auto makers will have to raise prices on gas-powered cars to compensate for their EV losses. A United Auto Workers executive said Sunday that Stellantis is threatening to move production of its Ram 1500 trucks to Mexico from suburban Detroit, no doubt to reduce costs. The EV jobs President Biden touts will come at the cost of union jobs building gas-powered vehicles.
Meantime, EV start-ups are floundering as interest rates climb, and they struggle to scale up manufacturing. Lordstown Motors filed for bankruptcy in June. Nikola Corp. warned this year that it had “substantial doubts” about its ability to stay in business.
Socialists love controlling every facet. How many staples to make for staplers. How many potatoes to grow for the peasants. What kind of transportation the peasants must use.
Lol....how trueEveryone who wants to virtue signal have now bought their EV. The market is now dead.
Cooperate (business) sales was the bulk of the initial growth, that's now died. The domestic market is generally not interested in EV's, mainly stating cost as the issue. And yes, the virtual signallers were the ones daft enough to part with their cash.Everyone who wants to virtue signal have now bought their EV. The market is now dead.
Yep. Rental car companies are kicking themselves for buying EV.Cooperate (business) sales was the bulk of the initial growth, that's now died. The domestic market is generally not interested in EV's, mainly stating cost as the issue. And yes, the virtual signallers were the ones daft enough to part with their cash.
And their CEO's, lolYep. Rental car companies are kicking themselves for buying EV.
Hmmm.... They probably would be willing to unload them cheaply then.Yep. Rental car companies are kicking themselves for buying EV.