E-car Sales Collapse

[Jay McKinsey + 1,490]

1 hour ago, Ecocharger said:

EVs get subsidized by government, there is the entire picture to calculate.

It is called good government policy. A government subsidy is not a bad thing except for morons who don't understand how the economy works.

You have been lied to your entire life about this myth called the free market. The government is literally by every definition what creates the market. Even the Utilitarian Anarcho Capitalists admit that there needs to be government oversight of a market. The Austrian AC's think you need a god to oversee the market which also makes it non free.

Edited June 30, 2023 by Jay McKinsey

[notsonice + 1,255]

2 hours ago, Ecocharger said:

EVs get subsidized by government, there is the entire picture to calculate.

Rank	oh oh you do not think that subsidies exist for the corporate (free market) companies??????????? notice all of the oil companies on the list...... next time you get on an airplane ....thank all the taxpayers who are subsidizing your cheap ride.....your welcome Enjoy   https://subsidytracker.goodjobsfirst.org/parent-totals   Parent	Subsidy Value .	Number of Awards
1	Boeing	$15,136,286,466	946
2	Intel	$8,371,896,017	133
3	Ford Motor	$7,761,916,195	815
4	General Motors	$7,594,509,872	990
5	Micron Technology	$6,785,681,915	18
6	Alcoa	$5,798,600,778	160
7	X-Energy LLC	$5,661,511,202	17
8	General Atomics	$5,465,529,295	438
9	Cheniere Energy	$5,431,565,870	41
10	Amazon.com	$5,191,773,349	333
11	Foxconn Technology Group (Hon Hai Precision Industry Company)	$4,827,036,483	76
12	Sempra Energy	$3,835,098,001	53
13	Southern Company	$3,783,360,569	130
14	NRG Energy	$3,586,516,301	268
15	Venture Global LNG	$3,285,883,566	6
16	NextEra Energy	$3,003,823,754	117
17	Tesla Inc.	$2,836,366,619	116
18	Sasol	$2,836,049,845	72
19	Stellantis	$2,800,442,867	230
20	Volkswagen	$2,740,983,143	222
21	General Electric	$2,529,193,561	1,668
22	Nucor	$2,514,358,340	158
23	Walt Disney	$2,421,304,588	248
24	Brookfield Asset Management	$2,339,430,278	304
25	Toyota	$2,303,826,689	199
26	Iberdrola	$2,285,768,043	112
27	Summit Power	$2,240,568,236	8
28	Shell PLC	$2,184,517,527	141
29	Oracle	$2,167,890,528	88
30	Mubadala Investment Company	$2,124,035,097	62
31	Nike	$2,104,917,829	138
32	Hyundai Motor	$2,072,957,848	27
33	SCS Energy	$1,927,236,683	10
34	Archer Daniels Midland	$1,920,305,787	1,099
35	Exxon Mobil	$1,891,153,489	207
36	NuScale Power	$1,880,780,589	34
37	Berkshire Hathaway	$1,859,775,471	1,158
38	Nissan	$1,842,814,165	87
39	Alphabet Inc.	$1,832,565,977	116
40	Paramount Global	$1,751,801,882	317
41	Apple Inc.	$1,750,043,420	36
42	Comcast	$1,722,467,426	376
43	JPMorgan Chase	$1,663,890,873	1,129
44	Cleveland-Cliffs	$1,654,401,303	137
45	Energy Transfer	$1,634,074,422	106
46	Samsung	$1,586,310,806	70
47	PG&E Corp.	$1,568,027,901	27
48	IBM Corp.	$1,562,738,626	387
49	SkyWest	$1,550,492,958	683
50	Rivian Automotive Inc.	$1,532,854,012	3
51	OGE Energy	$1,427,570,182	15
52	Panasonic	$1,385,969,341	61
53	Raytheon Technologies	$1,322,899,721	952
54	Duke Energy	$1,318,084,164	69
55	Lockheed Martin	$1,302,847,415	337
56	Corning Inc.	$1,272,628,059	395
57	Northrop Grumman	$1,266,804,354	266
58	Vingroup	$1,254,000,000	1
59	Continental AG	$1,244,875,478	111
60	Vornado Realty Trust	$1,243,857,336	32
61	Microsoft	$1,153,690,869	103
62	Jefferies Financial Group	$1,120,662,497	18
63	Meta Platforms Inc.	$1,105,098,844	53
64	Dow Inc.	$1,091,152,544	686
65	Abengoa	$1,082,660,583	63
66	SK Holdings	$1,081,550,283	9
67	LG	$1,055,690,737	103
68	Valero Energy	$1,054,520,860	199
69	Exelon	$1,040,601,369	98
70	AES Corp.	$1,010,194,632	132
71	CF Industries	$982,271,715	129
72	Pyramid Companies	$966,050,097	91
73	EDF-Electricite de France	$940,247,983	65
74	Texas Instruments	$940,071,436	60
75	Mazda Toyota Manufacturing, U.S.A., Inc.	$900,000,000	1
76	Air Products & Chemicals	$897,651,105	248
77	Delta Air Lines	$876,412,623	14
78	Centene	$875,064,432	54
79	Bayer	$849,175,809	202
80	Honda	$846,026,154	91
81	Enterprise Products Partners	$826,988,371	83
82	Shin-Etsu Chemical	$826,062,285	104
83	SunEdison	$812,753,318	119
84	Apollo Global Management	$804,565,970	471
85	Goldman Sachs	$801,573,386	255
86	E.ON	$782,609,880	38
87	Wolfspeed Inc.	$773,681,732	88
88	Triple Five Worldwide	$748,000,000	4
89	EDP-Energias de Portugal	$733,674,868	14
90	Warner Bros. Discovery Inc.	$725,632,525	206
91	Gotion	$715,000,000	1
92	American Electric Power	$699,673,821	92
93	Bank of America	$698,760,073	919
94	Johnson Controls	$691,180,720	144
95	Related Companies	$687,200,000	1
96	Caithness Energy	$670,379,738	28
97	Hyannis Air Service Inc.	$667,928,778	296
98	Koch Industries	$662,557,530	486
99	Sagamore Development	$660,000,000	1

Edited June 30, 2023 by notsonice

[Danlxyz + 63]

Volkswagen has hit a speed bump in its sales of EVs

 

"Volkswagen is to cut electric car production at one of its biggest factories after “strong customer reluctance” led to far lower sales than expected.

The business is pausing work on electric models for six weeks at its plant in Emden, northwest Germany, and will lay off 300 of the 1,500 workers involved in making them.

The company blamed lower subsidies for buyers of the cars across Europe and higher inflation for a drop in consumer interest.

Demand for electric vehicles is running 30pc below the company’s forecasts.

Manfred Wullf, head of the Emden plant, said: “We are experiencing strong customer reluctance in the electric vehicle sector.”

 

https://finance.yahoo.com/news/volkswagen-slashes-electric-vehicle-production-102056720.html

[Ecocharger + 1,474]

6 hours ago, Jay McKinsey said:

And at the current rate of sales growth EVs will be 64% in 4 years. 

And you always forget that old cars are scrapped. Those are all ICE.

Forget about 4 years from now, at the current rate of massive fossil fuel vehicle production, the fleet of fossil fuel cars is ramping up to provide huge demand for oil going forward. Those vehicles last 20 years.

[Ecocharger + 1,474]

1 hour ago, Danlxyz said:

Volkswagen has hit a speed bump in its sales of EVs

 

"Volkswagen is to cut electric car production at one of its biggest factories after “strong customer reluctance” led to far lower sales than expected.

The business is pausing work on electric models for six weeks at its plant in Emden, northwest Germany, and will lay off 300 of the 1,500 workers involved in making them.

The company blamed lower subsidies for buyers of the cars across Europe and higher inflation for a drop in consumer interest.

Demand for electric vehicles is running 30pc below the company’s forecasts.

Manfred Wullf, head of the Emden plant, said: “We are experiencing strong customer reluctance in the electric vehicle sector.”

 

https://finance.yahoo.com/news/volkswagen-slashes-electric-vehicle-production-102056720.html

This is what we predicted, although Jay was resistant to the realities.

EVs are not satisfactory vehicles for common use, they are a nuisance to operate, to invest in, to pay for.

We are now seeing that EV production is overinvested and in North America inventories of EVs are building up as production exceeds demand.

This was all completely predictable and expected by those of us who possess half a brain.

Edited July 1, 2023 by Ecocharger

[Ecocharger + 1,474]

5 hours ago, notsonice said:

Rank	oh oh you do not think that subsidies exist for the corporate (free market) companies??????????? notice all of the oil companies on the list...... next time you get on an airplane ....thank all the taxpayers who are subsidizing your cheap ride.....your welcome Enjoy   https://subsidytracker.goodjobsfirst.org/parent-totals   Parent	Subsidy Value .	Number of Awards
1	Boeing	$15,136,286,466	946
2	Intel	$8,371,896,017	133
3	Ford Motor	$7,761,916,195	815
4	General Motors	$7,594,509,872	990
5	Micron Technology	$6,785,681,915	18
6	Alcoa	$5,798,600,778	160
7	X-Energy LLC	$5,661,511,202	17
8	General Atomics	$5,465,529,295	438
9	Cheniere Energy	$5,431,565,870	41
10	Amazon.com	$5,191,773,349	333
11	Foxconn Technology Group (Hon Hai Precision Industry Company)	$4,827,036,483	76
12	Sempra Energy	$3,835,098,001	53
13	Southern Company	$3,783,360,569	130
14	NRG Energy	$3,586,516,301	268
15	Venture Global LNG	$3,285,883,566	6
16	NextEra Energy	$3,003,823,754	117
17	Tesla Inc.	$2,836,366,619	116
18	Sasol	$2,836,049,845	72
19	Stellantis	$2,800,442,867	230
20	Volkswagen	$2,740,983,143	222
21	General Electric	$2,529,193,561	1,668
22	Nucor	$2,514,358,340	158
23	Walt Disney	$2,421,304,588	248
24	Brookfield Asset Management	$2,339,430,278	304
25	Toyota	$2,303,826,689	199
26	Iberdrola	$2,285,768,043	112
27	Summit Power	$2,240,568,236	8
28	Shell PLC	$2,184,517,527	141
29	Oracle	$2,167,890,528	88
30	Mubadala Investment Company	$2,124,035,097	62
31	Nike	$2,104,917,829	138
32	Hyundai Motor	$2,072,957,848	27
33	SCS Energy	$1,927,236,683	10
34	Archer Daniels Midland	$1,920,305,787	1,099
35	Exxon Mobil	$1,891,153,489	207
36	NuScale Power	$1,880,780,589	34
37	Berkshire Hathaway	$1,859,775,471	1,158
38	Nissan	$1,842,814,165	87
39	Alphabet Inc.	$1,832,565,977	116
40	Paramount Global	$1,751,801,882	317
41	Apple Inc.	$1,750,043,420	36
42	Comcast	$1,722,467,426	376
43	JPMorgan Chase	$1,663,890,873	1,129
44	Cleveland-Cliffs	$1,654,401,303	137
45	Energy Transfer	$1,634,074,422	106
46	Samsung	$1,586,310,806	70
47	PG&E Corp.	$1,568,027,901	27
48	IBM Corp.	$1,562,738,626	387
49	SkyWest	$1,550,492,958	683
50	Rivian Automotive Inc.	$1,532,854,012	3
51	OGE Energy	$1,427,570,182	15
52	Panasonic	$1,385,969,341	61
53	Raytheon Technologies	$1,322,899,721	952
54	Duke Energy	$1,318,084,164	69
55	Lockheed Martin	$1,302,847,415	337
56	Corning Inc.	$1,272,628,059	395
57	Northrop Grumman	$1,266,804,354	266
58	Vingroup	$1,254,000,000	1
59	Continental AG	$1,244,875,478	111
60	Vornado Realty Trust	$1,243,857,336	32
61	Microsoft	$1,153,690,869	103
62	Jefferies Financial Group	$1,120,662,497	18
63	Meta Platforms Inc.	$1,105,098,844	53
64	Dow Inc.	$1,091,152,544	686
65	Abengoa	$1,082,660,583	63
66	SK Holdings	$1,081,550,283	9
67	LG	$1,055,690,737	103
68	Valero Energy	$1,054,520,860	199
69	Exelon	$1,040,601,369	98
70	AES Corp.	$1,010,194,632	132
71	CF Industries	$982,271,715	129
72	Pyramid Companies	$966,050,097	91
73	EDF-Electricite de France	$940,247,983	65
74	Texas Instruments	$940,071,436	60
75	Mazda Toyota Manufacturing, U.S.A., Inc.	$900,000,000	1
76	Air Products & Chemicals	$897,651,105	248
77	Delta Air Lines	$876,412,623	14
78	Centene	$875,064,432	54
79	Bayer	$849,175,809	202
80	Honda	$846,026,154	91
81	Enterprise Products Partners	$826,988,371	83
82	Shin-Etsu Chemical	$826,062,285	104
83	SunEdison	$812,753,318	119
84	Apollo Global Management	$804,565,970	471
85	Goldman Sachs	$801,573,386	255
86	E.ON	$782,609,880	38
87	Wolfspeed Inc.	$773,681,732	88
88	Triple Five Worldwide	$748,000,000	4
89	EDP-Energias de Portugal	$733,674,868	14
90	Warner Bros. Discovery Inc.	$725,632,525	206
91	Gotion	$715,000,000	1
92	American Electric Power	$699,673,821	92
93	Bank of America	$698,760,073	919
94	Johnson Controls	$691,180,720	144
95	Related Companies	$687,200,000	1
96	Caithness Energy	$670,379,738	28
97	Hyannis Air Service Inc.	$667,928,778	296
98	Koch Industries	$662,557,530	486
99	Sagamore Development	$660,000,000	1

Yes, of course, I notice that your chart neglects to give dates for these subsidies for production.

If you were to look at the current situation, there might be zero subsidies for fossil fuel vehicle production.

So as it is, your chart is useless without dates. I guess you already know that.

Sure, states and municipalities provide offers of tax breaks and subsidies to any industry which might locate in their area, this is the competition for jobs which every locale engages in, regardless of what the production is.

It is certainly not specific to vehicles. I guess you failed to understand that.

[Jay McKinsey + 1,490]

7 minutes ago, Ecocharger said:

Forget about 4 years from now, at the current rate of massive fossil fuel vehicle production, the fleet of fossil fuel cars is ramping up to provide huge demand for oil going forward. Those vehicles last 20 years.

ICE car sales are rapidly decreasing. Simple as that.

[Ecocharger + 1,474]

4 minutes ago, Jay McKinsey said:

ICE car sales are rapidly decreasing. Simple as that.

Production of ICE vehicles is now increasing, I guess you failed to notice that.

https://www.autoevolution.com/news/its-happening-folks-good-news-on-the-chip-shortage-car-production-gains-traction-204120.html

"...the chip shortage has started to ease up, with automakers now increasing production after major struggles in the last quarter.

The good news comes from global tire makers, including Bridgestone, Pirelli, Michelin, and Yokohama. All have recently been quoted as saying that the demand for tires increased lately, particularly thanks to global car production gaining more pace.

In other words, the chip inventory is improving, so carmakers build more vehicles."

Edited July 1, 2023 by Ecocharger

[Jay McKinsey + 1,490]

48 minutes ago, Ecocharger said:

Production of ICE vehicles is now increasing, I guess you failed to notice that.

https://www.autoevolution.com/news/its-happening-folks-good-news-on-the-chip-shortage-car-production-gains-traction-204120.html

"...the chip shortage has started to ease up, with automakers now increasing production after major struggles in the last quarter.

The good news comes from global tire makers, including Bridgestone, Pirelli, Michelin, and Yokohama. All have recently been quoted as saying that the demand for tires increased lately, particularly thanks to global car production gaining more pace.

In other words, the chip inventory is improving, so carmakers build more vehicles."

Um..gee...I guess you don't know that EVs also use tires. Your post literally says nothing about the ratio of ICE vs EV. What an idiot you are.

Edited July 1, 2023 by Jay McKinsey

[specinho + 470]

Wooaaa..... Heavy rain... + Flood everywhere...

 

Wooaaaaaaa..... Increase frequency of thunder and  lightning strikes per hour thanks to bubbly volcanoes everywhere.....

 

EV batteries of few hundreds kw must be water resistant and lightning phylics right? What if few hundreds kw of batteries become conductor of lightning during rainy days?😯 

Despite having lightning rod at all houses, the incidence of electrical appliances, 240 v input, 15v out put,  spoilt by lightning has increased many folds. Would few hundreds kw output creates implosion? 😟

Those stupid rubber clothes that people so despise might have found a use, or no? '-'

Edited July 1, 2023 by specinho

[Ecocharger + 1,474]

On 6/30/2023 at 2:26 PM, Jay McKinsey said:

It is called good government policy. A government subsidy is not a bad thing except for morons who don't understand how the economy works.

You have been lied to your entire life about this myth called the free market. The government is literally by every definition what creates the market. Even the Utilitarian Anarcho Capitalists admit that there needs to be government oversight of a market. The Austrian AC's think you need a god to oversee the market which also makes it non free.

I guess you failed to take a course in Public Finance. There are objective standards about what constitutes "good" public subsidies or public spending in general. If there are substantial externalities in investment, for example if someone builds a private army to defend the country, and the government allows private investments to determine the size of the army, there will be externalities which cause an underinvestment. That is a case for  government to invest in national defense. Only if the free market does not capture all the rewards of defense spending for those who invest in it.

Providing public subsidies when the returns to the investment are fully captured by a private sector firm is a case where the market itself should be the decision-making allocator of investment.

 

Edited July 2, 2023 by Ecocharger

[Ecocharger + 1,474]

On 6/30/2023 at 9:26 PM, Jay McKinsey said:

Um..gee...I guess you don't know that EVs also use tires. Your post literally says nothing about the ratio of ICE vs EV. What an idiot you are.

Your problem, Jay is in pretending that the auto market is a static zero-sum game, while as I showed you above, both fossil fuel and EV sectors are capable of increasing simultaneously in a dynamic context.

Your tendency to focus on cherry-picked numbers is how blinkered thinking is substituted for the larger picture.

You should be recruited by Biden & Co. Their analytical skills are blinkered to a fatal extent. Right up your alley.

Edited July 2, 2023 by Ecocharger

[Ecocharger + 1,474]

On 6/30/2023 at 8:37 PM, Jay McKinsey said:

ICE car sales are rapidly decreasing. Simple as that.

Actually, ICE car sales are increasing. Look at the numbers.

[notsonice + 1,255]

1 hour ago, Ecocharger said:

Actually, ICE car sales are increasing. Look at the numbers.

looking at the numbers and you are babbling BS as usual 

2017 was the peak in ICE vehicles .......and since then it is all downhill for ICE vehicles

Look at the chart (numbers) do you need help again??????

 

[Jay McKinsey + 1,490]

3 hours ago, Ecocharger said:

Actually, ICE car sales are increasing. Look at the numbers.

The numbers all say ICE sales are decreasing. Look at the numbers.

Edited July 2, 2023 by Jay McKinsey

[Jay McKinsey + 1,490]

3 hours ago, Ecocharger said:

Your problem, Jay is in pretending that the auto market is a static zero-sum game, while as I showed you above, both fossil fuel and EV sectors are capable of increasing simultaneously in a dynamic context.

Your tendency to focus on cherry-picked numbers is how blinkered thinking is substituted for the larger picture.

You should be recruited by Biden & Co. Their analytical skills are blinkered to a fatal extent. Right up your alley.

Yes they are capable of that but you have presented no evidence that it is actually happening. You presented evidence that car sales are up but no distinction as to what kind of cars. 

Edited July 2, 2023 by Jay McKinsey

[Ecocharger + 1,474]

22 hours ago, Jay McKinsey said:

Yes they are capable of that but you have presented no evidence that it is actually happening. You presented evidence that car sales are up but no distinction as to what kind of cars. 

Here are total vehicle sales, up by a huge margin of about 20% over the past twelve months.

https://ycharts.com/indicators/us_total_vehicle_sales

"US Total Vehicle Sales is at a current level of 15.60M, down from 16.63M last month and up from 13.04M one year ago. This is a change of -6.16% from last month and 19.63% from one year ago.

The US Total Vehicle Sales measures the total number of auto, light truck and heavy truck sales in the United States. US Total Vehicle Sales can help gauge how consumers are spending their discretionary income. Historically, US Auto Sales spiked in late 2001 from around 16M to 22M after many US Auto Manufacturers released favorable financing programs.

Date	Value
May 31, 2023	15.60M
April 30, 2023	16.63M
March 31, 2023	15.40M
February 28, 2023	15.44M
January 31, 2023	16.46M
December 31, 2022	13.88M
November 30, 2022	14.85M
October 31, 2022	15.77M
September 30, 2022	14.11M
August 31, 2022	13.74M
July 31, 2022	13.80M
June 30, 2022	13.52M
May 31, 2022	13.04M
April 30, 2022	14.74M
March 31, 2022	14.01M
February 28, 2022	14.17M
January 31, 2022	15.55M
December 31, 2021	13.17M
November 30, 2021	13.54M
October 31, 2021	13.66M
September 30, 2021	12.73M
August 31, 2021	13.49M
July 31, 2021	15.07M
June 30, 2021	15.76M
May 31, 2021	17.18M

Date	Value
April 30, 2021	18.66M
March 31, 2021	18.22M
February 28, 2021	16.11M
January 31, 2021	17.33M
December 31, 2020	16.93M
November 30, 2020	16.49M
October 31, 2020	17.08M
September 30, 2020	16.69M
August 31, 2020	15.68M
July 31, 2020	15.09M
June 30, 2020	13.45M
May 31, 2020	12.44M
April 30, 2020	8.961M
March 31, 2020	11.63M
February 29, 2020	17.34M
January 31, 2020	17.31M
December 31, 2019	17.34M
November 30, 2019	17.56M
October 31, 2019	17.23M
September 30, 2019	17.71M
August 31, 2019	17.65M
July 31, 2019	17.60M
June 30, 2019	17.75M
May 31, 2019	17.87M
April 30, 2019	17.16M

Edited July 3, 2023 by Ecocharger

[Ecocharger + 1,474]

Here is the industry overview. Notice the growing EV inventories due to oversupply.

https://www.coxautoinc.com/news/cox-automotive-forecast-june-2023-u-s-auto-sales-forecast/

"EV availability has increased substantially in the first half of 2023. As the second quarter of 2023 draws to a close, EV inventory across the U.S. is estimated to be above 90,000 units for the first time. A year ago, when inventory everywhere was scarce, EV supply was closer to 21,000 units. The EV sales pace has increased but not as quickly as inventory. In June, based on data from the vAuto Available Inventory Database, Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."

Edited July 5, 2023 by Ecocharger

[TailingsPond + 1,008]

24 minutes ago, Ecocharger said:

Here is the industry overview. Notice the growing EV inventories due to oversupply.

You see that as over supply, but the dealers who order the cars still expect to sell them; and will.

[TailingsPond + 1,008]

https://www.bloomberg.com/news/articles/2023-07-02/tesla-sets-a-new-delivery-record-as-price-cuts-yield-results

"Tesla Inc. and BYD Co. set sales records in the second quarter, likely widening their lead as the world’s top electric-car makers.

Elon Musk-led Tesla delivered 466,140 cars worldwide, beating Wall Street estimates. BYD, China’s leading auto brand, posted its best-ever quarter, selling 700,244 fully electric and plug-in hybrid vehicles.

Tesla’s stock rose as much as 6.8% shortly after the start of regular US trading, while BYD closed up 4.5% in Hong Kong. Rivian Automotive Inc. shares also climbed after the EV maker exceeded expectations for quarterly production.

Tesla’s deliveries soared 83% from a year ago"

Edited July 3, 2023 by TailingsPond

[notsonice + 1,255]

30 minutes ago, Ecocharger said:

Here is the industry overview. Notice the growing EV inventories due to oversupply.

https://www.coxautoinc.com/news/cox-automotive-forecast-june-2023-u-s-auto-sales-forecast/

"EV availability has increased substantially in the first half of 2023. As the second quarter of 2023 draws to a close, EV inventory across the U.S. is estimated to be above 90,000 units for the first time. A year ago, when inventory everywhere was scarce, EV supply was closer to 21,000 units. The EV sales pace has increased but not as quickly as inventory. In June, based on data from the vAuto Available Inventory Database, Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."

 

5 minutes ago, TailingsPond said:

You see that as over supply, but the dealers who order the cars still expect to sell them; and will.

still having a math problem????

Cox Automotive is forecasting U.S. EV sales to surpass 1 million units for the first time in 2023, and through the first half, EV sales are very much on course Sales of pure battery electric vehicles are forecast to reach nearly 500,000 units in the first half, up from 355,000 a year earlier.

EV inventory across the U.S. is estimated to be above 90,000 units for the first time

 

inventory of 90,000 and sales of 90,000 EVs per month means a 30 day supply.......

If someone tells you the earth is flat .....do you believe them or do you actually figure it out that the earth is not flat and you move on????????

 

[Jay McKinsey + 1,490]

13 hours ago, Ecocharger said:

US Auto Sales spiked in late 2001

 

And once again I will point out that total vehicle sales include EVs. So the increase includes the increase in EVs. Without an increase in EVs there would be no increase in car sales. You have once again proven that I am right and you are wrong.

My favorite part of your post though was citing sales from 22 years ago:

 "US Auto Sales spiked in late 2001"

 

 

Edited July 4, 2023 by Jay McKinsey

[Ecocharger + 1,474]

19 hours ago, TailingsPond said:

You see that as over supply, but the dealers who order the cars still expect to sell them; and will.

The market for EVs may have approached the point where it has exhausted the potential market for those who are interested in EVs as a third vehicle or who are willing to tolerate the inconvenience of operating an EV. When that happens, the crossed threshold of potential buyers will result in increasing inventories and a notable brick wall for the potential EV market.

[Ecocharger + 1,474]

8 hours ago, Jay McKinsey said:

And once again I will point out that total vehicle sales include EVs. So the increase includes the increase in EVs. Without an increase in EVs there would be no increase in car sales. You have once again proven that I am right and you are wrong.

My favorite part of your post though was citing sales from 22 years ago:

 "US Auto Sales spiked in late 2001"

 

 

No, the market spiked about 20% in increased auto sales on a year long basis, of which perhaps about 2% would be EV.

The rest would be fossil fuel vehicle increased sales.

[Ecocharger + 1,474]

19 hours ago, notsonice said:

 

still having a math problem????

Cox Automotive is forecasting U.S. EV sales to surpass 1 million units for the first time in 2023, and through the first half, EV sales are very much on course Sales of pure battery electric vehicles are forecast to reach nearly 500,000 units in the first half, up from 355,000 a year earlier.

EV inventory across the U.S. is estimated to be above 90,000 units for the first time

 

inventory of 90,000 and sales of 90,000 EVs per month means a 30 day supply.......

If someone tells you the earth is flat .....do you believe them or do you actually figure it out that the earth is not flat and you move on????????

 

Read the report,

"Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."