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E-car Sales Collapse

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7 minutes ago, TailingsPond said:

MAGA!!

Trump had a tv show and is excellent at deceiving people.

Is your every fallback blaming Trump or MAGA?

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45 minutes ago, RichieRich$ said:

Is your every fallback blaming Trump or MAGA?

Is that your best rebuttal?

Yes, I make fun of hypocritical trump cult members frequently; but trump just creates so much material with his constant failings.

Edited by TailingsPond

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(edited)

6 hours ago, notsonice said:

yeah you missed the word.......... completely.......

Thanks for jumping on the band wagon and promoting Carbon Neutral by 2050...which means a 80 to 90 percent reduction of the use of Fossil Fuels....

Enjoy the transition, it is great.......Keep promoting Carbon nuetrality...You are now a full fledged member of the Green Revolution

Your depth is quite striking...posting a environmental activist as a source of credibility? You have lost any hope. Let us take this slowly...I sense your uptake flows at snail speed. First up tweets galore.

https://twitter.com/alec_h_tyson/status/1397556918667853824

 

Screenshot_20230514-171139.jpg

Edited by Eyes Wide Open

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1 hour ago, Eyes Wide Open said:

Your depth is quite striking...posting a environmental activist as a source of credibility? You have lost any hope. Let us take this slowly...I sense your uptake flows at snail speed. First up tweets galore.

https://twitter.com/alec_h_tyson/status/1397556918667853824

 

Screenshot_20230514-171139.jpg

you posting garbage again and then you are babbling nonsense........

get a grip on yourself

 

And enjoy the transition to renewables......

Fossil Fuels are on the way out

 

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https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022

News
26 April 2023

The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels of oil a day by 2030

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil.

The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.

“Electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging – and they are bringing about a historic transformation of the car manufacturing industry worldwide,” said IEA Executive Director Fatih Birol. “The trends we are witnessing have significant implications for global oil demand. The internal combustion engine has gone unrivalled for over a century, but electric vehicles are changing the status quo. By 2030, they will avoid the need for at least 5 million barrels a day of oil. Cars are just the first wave: electric buses and trucks will follow soon.”

The overwhelming majority of electric car sales to date are mainly concentrated in three markets – China, Europe and the United States. China is the frontrunner, with 60% of global electric car sales taking place there in 2022. Today, more than half of all electric cars on the road worldwide are in China. Europe and the United States, the second and third largest markets, both saw strong growth with sales increasing 15% and 55% respectively in 2022. 

Ambitious policy programmes in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to further increase market share for electric vehicles this decade and beyond. By 2030, the average share of electric cars in total sales across China, the EU and the United States is set to rise to around 60%.

The encouraging trends are also having positive knock-on effects for battery production and supply chains. The new report highlights that announced battery manufacturing projects would be more than enough to meet demand for electric vehicles to 2030 in the IEA’s Net Zero Emissions by 2050 Scenario. However, manufacturing remains highly concentrated, with China dominating the battery and component trade – and increasing its share of global electric car exports to more than 35% last year.

Other economies have announced policies to foster domestic industries that will improve their competitiveness in the EV market in years to come. The EU’s Net Zero Industry Act aims for nearly 90% of annual battery demand to be met by domestic battery manufacturers. Similarly, the US Inflation Reduction Act places emphasis on strengthening domestic supply chains for EVs, batteries and minerals. Between August 2022, when the Inflation Reduction Act was passed, and March 2023, major EV and battery makers announced investments totalling at least USD 52 billion in EV supply chains in North America.

Despite a concentration of electric car sales and manufacturing in only a few big markets, there are promising signs in other regions. Electric car sales more than tripled in India and Indonesia last year, albeit from a low base, and they more than doubled in Thailand. The share of electric cars in total sales rose to 3% in Thailand, and to 1.5% in India and Indonesia. A combination of effective policies and private sector investment is likely to increase these shares in the future. In India, the government’s USD 3.2 billion incentive programme, which has attracted investments worth USD 8.3 billion, is expected to increasing battery manufacturing and EV rollout substantially in the coming years.

In emerging and developing economies, the most dynamic area of electric mobility is two- or three-wheel vehicles, which outnumber cars. For example, over half of India’s three-wheeler registrations in 2022 were electric, demonstrating their growing popularity. In many developing economies, two- or three-wheelers offer an affordable way to get access to mobility, meaning their electrification is important to support sustainable development.

 

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18 hours ago, TailingsPond said:

Is that your best rebuttal?

Yes, I make fun of hypocritical trump cult members frequently; but trump just creates so much material with his constant failings.

So you believe this site is practice for your ComedyClub material?

  • Haha 1

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Bucking the claimed trend on here my wife has just ordered a BMW IX3 (EV). Due for August delivery. 

That will move our household to one EV and one Hybrid (Toyota Corolla) 

  • Upvote 2

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(edited)

While not a automotive (EV) issue given this long overdue law suit I am quite sure both GM and Ford will soon face similar law suits. Cost Shifting, a practice used to hide serious errors in judgement. Specifically shifting capital losses from the EV manufacturing arm to ICE manufacturing arm. Effectively raising the cost to each and every customer purchasing a ICE vehicle, along with diminished returns to investor's...malfeasance of the highest order.

https://www.hollywoodreporter.com/business/business-news/disney-hit-with-investor-suit-streaming-1235492180/

Disney Hit With Investor Suit Over Alleged “Cost-Shifting Scheme” In Streaming Division

https://www.theinformation.com/articles/what-gm-ford-and-vw-need-to-do-to-avoid-selling-evs-at-a-loss

What GM, Ford and VW Need to Do to Avoid Selling EVs At a Loss

By    |  Jan. 23, 2022 2:00 PM PST
Photo: VW is aiming the ID.4 at mainstream consumers. Photo: Liesa Johannssen-Koppitz/Bloomberg
Edited by Eyes Wide Open

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(edited)

2 hours ago, Eyes Wide Open said:

While not a automotive (EV) issue given this long overdue law suit I am quite sure both GM and Ford will soon face similar law suits. Cost Shifting, a practice used to hide serious errors in judgement. Specifically shifting capital losses from the EV manufacturing arm to ICE manufacturing arm. Effectively raising the cost to each and every customer purchasing a ICE vehicle, along with diminished returns to investor's...malfeasance of the highest order.

https://www.hollywoodreporter.com/business/business-news/disney-hit-with-investor-suit-streaming-1235492180/

Disney Hit With Investor Suit Over Alleged “Cost-Shifting Scheme” In Streaming Division

https://www.theinformation.com/articles/what-gm-ford-and-vw-need-to-do-to-avoid-selling-evs-at-a-loss

What GM, Ford and VW Need to Do to Avoid Selling EVs At a Loss

By    |  Jan. 23, 2022 2:00 PM PST
Photo: VW is aiming the ID.4 at mainstream consumers. Photo: Liesa Johannssen-Koppitz/Bloomberg

Mr Magoo, try to stay on topic.....

 

The title of this thread is

E-car Sales Collapse......

 

which has been shown to not be the case....unless you have some real numbers to prove it........

your posts show that you do not understand that this is a site for energy related issues...

You should post your babbling BS on a site where other nutjobs hangout......I saw that the Fox website could use some new BS........As your leader has now abandoned it

Edited by notsonice

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(edited)

18 minutes ago, notsonice said:

your posts show that you do not understand that this is a site for energy related issues...

If you do not understand the implications of cost shifting that would be your issue. Hint EV production could end overnight.

 

https://www.investopedia.com/terms/c/corporate-fraud.asp

Edited by Eyes Wide Open

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19 minutes ago, Eyes Wide Open said:

If you do not understand the implications of cost shifting that would be your issue. Hint EV production could end overnight.

 

https://www.investopedia.com/terms/c/corporate-fraud.asp

what are you babbling about now........some bs link that has nothing to do with EV's

Mr Magoo ...........try to stay on topic

The title of this thread is

E-car Sales Collapse......

do you have anything on the mythical collapse?????

2025 is shaping up to be 25 million EVs....not what I would call a collapse

 

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43 minutes ago, notsonice said:

The title of this thread is

E-car Sales Collapse......

do you have anything on the mythical collapse?????

2025 is shaping up to be 25 million EVs....not what I would call a collapse

 

Well shizzle brains no manufacturing, no cars to sell...imagine that. 

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On 5/14/2023 at 7:19 PM, notsonice said:

https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022

News
26 April 2023

The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels of oil a day by 2030

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil.

The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.

“Electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging – and they are bringing about a historic transformation of the car manufacturing industry worldwide,” said IEA Executive Director Fatih Birol. “The trends we are witnessing have significant implications for global oil demand. The internal combustion engine has gone unrivalled for over a century, but electric vehicles are changing the status quo. By 2030, they will avoid the need for at least 5 million barrels a day of oil. Cars are just the first wave: electric buses and trucks will follow soon.”

The overwhelming majority of electric car sales to date are mainly concentrated in three markets – China, Europe and the United States. China is the frontrunner, with 60% of global electric car sales taking place there in 2022. Today, more than half of all electric cars on the road worldwide are in China. Europe and the United States, the second and third largest markets, both saw strong growth with sales increasing 15% and 55% respectively in 2022. 

Ambitious policy programmes in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to further increase market share for electric vehicles this decade and beyond. By 2030, the average share of electric cars in total sales across China, the EU and the United States is set to rise to around 60%.

The encouraging trends are also having positive knock-on effects for battery production and supply chains. The new report highlights that announced battery manufacturing projects would be more than enough to meet demand for electric vehicles to 2030 in the IEA’s Net Zero Emissions by 2050 Scenario. However, manufacturing remains highly concentrated, with China dominating the battery and component trade – and increasing its share of global electric car exports to more than 35% last year.

Other economies have announced policies to foster domestic industries that will improve their competitiveness in the EV market in years to come. The EU’s Net Zero Industry Act aims for nearly 90% of annual battery demand to be met by domestic battery manufacturers. Similarly, the US Inflation Reduction Act places emphasis on strengthening domestic supply chains for EVs, batteries and minerals. Between August 2022, when the Inflation Reduction Act was passed, and March 2023, major EV and battery makers announced investments totalling at least USD 52 billion in EV supply chains in North America.

Despite a concentration of electric car sales and manufacturing in only a few big markets, there are promising signs in other regions. Electric car sales more than tripled in India and Indonesia last year, albeit from a low base, and they more than doubled in Thailand. The share of electric cars in total sales rose to 3% in Thailand, and to 1.5% in India and Indonesia. A combination of effective policies and private sector investment is likely to increase these shares in the future. In India, the government’s USD 3.2 billion incentive programme, which has attracted investments worth USD 8.3 billion, is expected to increasing battery manufacturing and EV rollout substantially in the coming years.

In emerging and developing economies, the most dynamic area of electric mobility is two- or three-wheel vehicles, which outnumber cars. For example, over half of India’s three-wheeler registrations in 2022 were electric, demonstrating their growing popularity. In many developing economies, two- or three-wheelers offer an affordable way to get access to mobility, meaning their electrification is important to support sustainable development.

 

for Mr Magoo........

take a look at the post above....Put on your good glasses not your Magoo dime store pair

those numbers once again prove you wrong

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(edited)

16 hours ago, Eyes Wide Open said:

While not a automotive (EV) issue given this long overdue law suit I am quite sure both GM and Ford will soon face similar law suits. Cost Shifting, a practice used to hide serious errors in judgement. Specifically shifting capital losses from the EV manufacturing arm to ICE manufacturing arm. Effectively raising the cost to each and every customer purchasing a ICE vehicle, along with diminished returns to investor's...malfeasance of the highest order.

https://www.hollywoodreporter.com/business/business-news/disney-hit-with-investor-suit-streaming-1235492180/

Disney Hit With Investor Suit Over Alleged “Cost-Shifting Scheme” In Streaming Division

https://www.theinformation.com/articles/what-gm-ford-and-vw-need-to-do-to-avoid-selling-evs-at-a-loss

What GM, Ford and VW Need to Do to Avoid Selling EVs At a Loss

By    |  Jan. 23, 2022 2:00 PM PST
Photo: VW is aiming the ID.4 at mainstream consumers. Photo: Liesa Johannssen-Koppitz/Bloomberg

Brilliant!

Your link about selling EV's at a loss (see below) is an article from Jan 2022 since then EV sales have sky rocketed and continue to do so.

https://www.theinformation.com/articles/what-gm-ford-and-vw-need-to-do-to-avoid-selling-evs-at-a-loss

Please try to post up to date info not someones opinion from 15 months ago that has been proven to be false.

Edited by Rob Plant
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(edited)

5 hours ago, Rob Plant said:

Brilliant

Mr. Plant I shall provide you a link to US law. It will demonstrate responsibilitys a CEO must adhere to. Once you have a moment to indulge yourself report back and we might have a conversation centered around CEO's losing billions over multiple yrs on a whim. No market exits for Eva yet billions in losses are occurring and one CEO dancing on stage in high heels..celebrating!

 

https://www.mhtlegal.com/blog/2021/september/ceo-must-uphold-fiduciary-duty-to-shareholders/

CEO Must Uphold Fiduciary Duty to Shareholders

In the event that the CEO violates any of these fiduciary duties, it is possible for disputes to arise with the shareholders. These issues are not always easily handled, and legal steps may be necessary to ensure that they are addressed as needed to protect the company. If such a dispute arises, Georgia business owners may want to gain information on their options for addressing the matter. 

 

Edited by Eyes Wide Open
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(edited)

5 hours ago, Rob Plant said:

Please try to post up to date info not someones opinion from 15 months ago that has been proven to be false.

https://www.autonews.com/automakers-suppliers/ford-sees-3-billion-ev-loss-2023-while-ice-profits-grow#:~:text=The 2022 loss of %242.1,%2C" CFO John Lawler said.

March 25, 2023 12:00 AM

Ford losing billions on EVs but sees profits on horizon

Ford will have lost $6 billion on EVs over three years but believes it can reach profit margins of 8% on EVs and 10% companywide by the end of 2026.

Edited by Eyes Wide Open

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(edited)

6 hours ago, Rob Plant said:

EV sales have sky rocketed and continue to do so.

https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

You might try referencing a credible source of information. A environmental rag has very little..IEA LOL

sale... "expected"..... to leap 35% this year after a record-breaking 2022

So many opinions so little time.

Edited by Eyes Wide Open

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6 minutes ago, Eyes Wide Open said:

https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

You might try referencing a credible source of information. A environmental rag has very little..IEA LOL

sale... "expected"..... to leap 35% this year after a record-breaking 2022

So many opinions so little time.

Hilarious! I quote the IEA and your source reference is a 15 month out of date reference from .... wait for it...."theinformation.com"

The other one was "hollywoodreporter.com" hmmmm seem REALLY credible sources dont they!

And you question my source 🤣

Just how is the IEA an "environmental rag" it stands for International Energy Agency for Gods sake!

I also dont give a flying fcuk about US law and the responsibilities of US CEO's what relevence has that got to do with the topic???

I remind you the topic is "E-car sales collapse" NOT the reponsibilities of US CEO's or whether their companies are making any money. You even then post that Ford expect to be making 8% on EV's within 3 years time.

Please make your mind up!

Leave it with you.

 

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EWO I get you dont like EV's , I get you dont like renewables, I get you dont like greenies, I get you dont believe in climate change.

But please stay on topic and dont go off on tangents trying to defend your position with a totally different topic. Please then reference something, anything, that can back up your opinion on the topic being discussed. It would make you much more credible.

Denying EV's are taking market share and on the rise is simply crazy, look at all the vehicle manufacturers that are stopping production totally of ICE in a few years. Either they have all made a huge gamble and are backing a white elephant that wont happen or you are wrong, its 1 or the other.

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(edited)

18 hours ago, Eyes Wide Open said:

Well shizzle brains no manufacturing, no cars to sell...imagine that. 

Mr Magoo what are you babling about now...Your pea brain is Shizzled???? Oh Mr Magoo.......

Edited by notsonice

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3 hours ago, Rob Plant said:

Either they have all made a huge gamble and are backing a white elephant that wont happen or you are wrong, its 1 or the other.

You are quite correct, the US automaket is heading for disaster.

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(edited)

13 hours ago, Rob Plant said:

backing a white elephant

https://oilprice.com/Alternative-Energy/Nuclear-Power/The-EU-Is-Deeply-Divided-Over-Nuclear-Role-In-The-Energy-Transition.html

The EU Is Deeply Divided Over Nuclear's Role In The Energy Transition

I do believe in the game of chess, that would be the equivalent of check. 

Edited by Eyes Wide Open

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2 hours ago, Eyes Wide Open said:

https://oilprice.com/Alternative-Energy/Nuclear-Power/The-EU-Is-Deeply-Divided-Over-Nuclear-Role-In-The-Energy-Transition.html

The EU Is Deeply Divided Over Nuclear's Role In The Energy Transition

I do believe in the game of chess, that would be the equivalent of check. 

The fact some countries are against nuclear (Germany springs to mind) and others arent doesnt really matter does it? The EU bless em dont have a shared policy on what powergen source each country has to go for, they can please themselves.

Personally I think you should have a varied energy generation mix including renewables, nuclear, pumped storage, biomass and NG whilst its required during this transition. No coal though that is far too pollutive and I dont just mean by burning it.

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The world is switching to EV's, PHEVs and Hybrids, some of you might not like it, but it IS happening.

My Dad worked in the oil industry his entire life, and so did I, but my next car will be an EV and I'll power it from my solar panels. The fossil fuel industry has caused enough damage to this planet already, and it's time to scale it back. Will it go away entirely? Probably not, because there will probably always be some products we need it for, but ti will be a tiny fraction of itself. It's why I told my Son to avoid following in my footsteps and go into something green or environmental.

 

 

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(edited)

15 hours ago, Refman said:

The world is switching to EV's, PHEVs and Hybrids, some of you might not like it, but it IS happening.

My Dad worked in the oil industry his entire life, and so did I, but my next car will be an EV and I'll power it from my solar panels. The fossil fuel industry has caused enough damage to this planet already, and it's time to scale it back. Will it go away entirely? Probably not, because there will probably always be some products we need it for, but ti will be a tiny fraction of itself. It's why I told my Son to avoid following in my footsteps and go into something green or environmental.

 

 

Good points...

But from this photo below, it might show one essential point:

It might not be the number of different roundabouts and different types of cars that matter to solve problem of heavy traffic, air pollution and all, but reduce the number of cars on the road... 

The further we try to prepare infrastructure and things to meet forecasted extrapolated demand, the more complicated our solution would become. This divergence would eventually bring us to a point of dysfunctional, in massive  scale..... 

Our common way that find solution to what is seen or foreseen might have created a habit of ultra focus. For examples, forecasting demand for food, we create practices for massive harvesting; forecasting extrapolated demand for housing, we deforest and build massively. 

It might be time we do no more but look back at what have become... before we proceed again knowing what has gone wrong..... 

Sharing a discussion happened somewhere:

Q:" Had we placed life on top of our decision making and law, could we hv a different world?" By yyyyz... 

A reply from one of the participants:

"Although our eyes is at the front of the head, but what we value most is usually the " hind sight" .....i.e. what we see after info in the eyes is conveyed and processed by the back of the head...... 'o'

We might never have known until we looked back........ '-'

"

IMG_20230519_183859.jpg

Edited by specinho
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