E-car Sales Collapse

[Rob Plant + 2,756]

This is a good read and explains a lot

https://www.fastmarkets.com/insights/slowdown-in-china-ev-sales-expected#:~:text=As a result of these three factors%2C Fastmarkets,where estimated growth was 72.2% year on year.

Slowdown in China EV sales due to subsidy cuts and increased vehicle costs, however its stil a 43.8% increase YOY which although is technically a slowdown is still incredible growth which any industry sector would kill for.

[Ecocharger + 1,474]

EVS have had their day, the market is saturated and buyer interest is now eroding.

https://www.zerohedge.com/markets/waiting-buyers-come-unsold-electric-vehicles-piling-car-dealerships-says-report

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January.

During this period, the proportion of people who said they were “very likely” to buy an EV remained flat at around 26 percent.

“Lack of public charging infrastructure and price have been the top two concerns for the past 10 months, along with related issues involving range anxiety, time required to charge, and power outage and grid concerns,” the report said."

[TailingsPond + 1,008]

28 minutes ago, Ecocharger said:

EVS have had their day, the market is saturated and buyer interest is now eroding.

https://www.zerohedge.com/markets/waiting-buyers-come-unsold-electric-vehicles-piling-car-dealerships-says-report

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January.

During this period, the proportion of people who said they were “very likely” to buy an EV remained flat at around 26 percent.

“Lack of public charging infrastructure and price have been the top two concerns for the past 10 months, along with related issues involving range anxiety, time required to charge, and power outage and grid concerns,” the report said."

"Very likely" is much higher than "very unlikely."

This is pro-ev data.

Edited July 14, 2023 by TailingsPond

[notsonice + 1,255]

2 hours ago, Ecocharger said:

EVS have had their day, the market is saturated and buyer interest is now eroding.

https://www.zerohedge.com/markets/waiting-buyers-come-unsold-electric-vehicles-piling-car-dealerships-says-report

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January.

During this period, the proportion of people who said they were “very likely” to buy an EV remained flat at around 26 percent.

“Lack of public charging infrastructure and price have been the top two concerns for the past 10 months, along with related issues involving range anxiety, time required to charge, and power outage and grid concerns,” the report said."

did you catch the comments in the article

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

good luck with your BS babble of......... buyer interest is now eroding......another comment that you pulled out of your arse.....

 

[jalthoff4 + 6]

After reading several of the more recent posts on this topic, to me there seems to be a considerable disconnect between those who think the novelty of EVs has worn off and that their obvious downsides have ushered in a decline, and those who think that demand is sort of normalizing and that the adoption of EVs is still on track. I dont know where to get raw data on EV sales to do a legitimate analysis, but I wanted to throw out a few anecdotes:

I fit the demographic that typically owns a model 3. I dont own one because my wife and I both WFH and only need 1 car.  We bought a gas-powered car for the usual suspect reasons mentioned above, especially range anxiety. 

If I had to start commuting again, I would buy a used model 3 or a new Prius.  My wife hates the Prius, so probably a used model 3. I dont think there's a ton of utility in a new model 3 as compared to a used one.

My wife owns a 4-legged cash furnace commonly known as a horse.  We are looking at trading in our Mercedes GLC for something that can tow said horse.  There would need to be a couple of generations of super long-range ford lightnings before Id consider an EV for that purpose.

Teslas are everywhere and no one cares if you own one anymore. So the wow-factor is gone.

A lot of reports are beginning to outline the fact that EVs arent the panacea for the environment they were sold to be. Even the Economist has reported that nickel mining, etc damages the environment.

So my hypothesis is that EVs have settled into being gee-whiz commuters and the new ones are competing with the used ones AND all of the new options that are out or on the horizon. Additionally, you can no longer feel particularly smug about "doing your part" to save the planet just by owning one.  No wonder Elon wants you to go back to the office.  

 

[Ecocharger + 1,474]

7 hours ago, TailingsPond said:

"Very likely" is much higher than "very unlikely."

This is pro-ev data.

You seem to have trouble with your reading glasses....try again.

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January."

[notsonice + 1,255]

1 hour ago, Ecocharger said:

You seem to have trouble with your reading glasses....try again.

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January."

I also read the following comments

did you catch the comments in the article????

maybe you are having trouble with your reading glasses again....so please try again or ask an adult in the room to read it for you.....

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

Enjoy.....we now have a majority of Americans considering a new or used EV..........

 

Green Agenda moving in the right direction

 

[specinho + 470]

On 7/13/2023 at 6:43 PM, notsonice said:

15 millions in value per month. If a car costed an average of $30k, then it is 500, 000 cars per month????

WTF are you babbling about.........

15 millions in value per month????were the hell does this come from??? pulling out of your arse???

This year it is estimated that globally 15 million EVs including hybrids will be sold...Got it

15 million EVs sold has nothing to do with what you are babbling about

https://community.oilprice.com/topic/34009-e-car-sales-collapse/?page=24#comment-206257

 

[specinho + 470]

On 7/13/2023 at 6:43 PM, notsonice said:

15 millions in value per month. If a car costed an average of $30k, then it is 500, 000 cars per month????

WTF are you babbling about.........

15 millions in value per month????were the hell does this come from??? pulling out of your arse???

This year it is estimated that globally 15 million EVs including hybrids will be sold...Got it

15 million EVs sold has nothing to do with what you are babbling about

 

[notsonice + 1,255]

15 minutes ago, specinho said:

 

 

 

you posted

15 millions in value per month. If a car costed an average of $30k, then it is 500, 000 cars per month

those numbers (15 million in value per month)  are .......Millions of Units, Seasonally Adjusted Annual Rate

 

 

 

the numbers have nothing to do with the value in dollars........

so when you read may 31, 2023...at 15.60 M....it means in the month of May sales of all vehicle was 15.6 million divided by 12 or 1.3 million vehicles were sold in the month of May in the US and that EVs (from other data put out by Cox was around 8 percent) so approximately 96,000 EVs sold in May of 2023 in the US alone

here is the link to the FED on total sales on an annual rate

https://fred.stlouisfed.org/series/TOTALSA

they are put out by the FED

they are not numbers of dollars in a month.....again they are Millions of Units, Seasonally Adjusted Annual Rate

 

GOT IT??????

 

Edited July 15, 2023 by notsonice

[Ecocharger + 1,474]

19 hours ago, notsonice said:

I also read the following comments

did you catch the comments in the article????

maybe you are having trouble with your reading glasses again....so please try again or ask an adult in the room to read it for you.....

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

Enjoy.....we now have a majority of Americans considering a new or used EV..........

 

Green Agenda moving in the right direction

 

You missed the major points again, 

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January."

 

[Eyes Wide Open + 3,555]

Here it comes, a 3rd quarter blood bath begins. 

 

https://www.autoevolution.com/news/cadillac-dramatically-reduces-lyriq-prices-by-8300-in-a-new-round-of-the-ev-price-war-217857.html

Cadillac Dramaticy Reduces Lyriq Prices byGeneral Motors is having problems producing its Ultium-based electric vehicles not only in the US but also in China. Despite struggling to sell EVs profitably, its luxury brand Cadillac was forced to significantly slash the prices of the Lyriq electric crossover. The move was dictated by increased competition in the Chinese market amid the recent price war started by Tesla in January. To energize sales, Cadillac lowered the Lyriq starting price by 60,000 yuan ($8,300) for all trims, representing a 14% discount. $8,300 in New Ro

Edited July 16, 2023 by Eyes Wide Open

[Rob Plant + 2,756]

On 7/16/2023 at 6:11 AM, Eyes Wide Open said:

Here it comes, a 3rd quarter blood bath begins. 

 

https://www.autoevolution.com/news/cadillac-dramatically-reduces-lyriq-prices-by-8300-in-a-new-round-of-the-ev-price-war-217857.html

Cadillac Dramaticy Reduces Lyriq Prices byGeneral Motors is having problems producing its Ultium-based electric vehicles not only in the US but also in China. Despite struggling to sell EVs profitably, its luxury brand Cadillac was forced to significantly slash the prices of the Lyriq electric crossover. The move was dictated by increased competition in the Chinese market amid the recent price war started by Tesla in January. To energize sales, Cadillac lowered the Lyriq starting price by 60,000 yuan ($8,300) for all trims, representing a 14% discount. $8,300 in New Ro

GM are very late to the EV party so its not surprising that their sales are terrible as their vehicles are terrible compared to the competition, which is exactly what the article says. This doesnt mean EV's arent being sold it means the vehicles GM produce are sh*t!

[notsonice + 1,255]

On 7/15/2023 at 2:23 PM, Ecocharger said:

You missed the major points again, 

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January."

 

no I did not miss the major points....here they are again

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

Enjoy.....we now have a majority of Americans considering a new or used EV..........

Sediment is turning against your Clunkers

[Jeroen Goudswaard + 61]

On 7/8/2023 at 11:58 PM, Ron Wagner said:

Public transit in the Netherlands is vastly different than in the USA. We must cover lots of land. Natural gas buses have worked extremely well for decades. Switching to batteries is a purely green political move. It will cost more all factors considered. CNG is preferable for all large vehicles. 

https://mapfight.xyz/map/san.bernadino/

San Bernardino County (California) compared to European countries

Albania is 0.55 times as big as San Bernardino County (California)

Austria is 1.61 times as big as San Bernardino County (California)

Bosnia and Herzegovina is 0.98 times as big as San Bernardino County (California)

The Balkans is 8.97 times as big as San Bernardino County (California)

Baltic States is 3.36 times as big as San Bernardino County (California)

Belgium is 0.59 times as big as San Bernardino County (California)

Benelux Union is 1.47 times as big as San Bernardino County (California)

Bulgaria is 2.13 times as big as San Bernardino County (California)

Belarus is 3.99 times as big as San Bernardino County (California)

Switzerland is 0.79 times as big as San Bernardino County (California)

Crimea is 0.52 times as big as San Bernardino County (California)

Czech Republic is 1.51 times as big as San Bernardino County (California)

Czechoslovakia is 2.46 times as big as San Bernardino County (California)

Germany is 6.86 times as big as San Bernardino County (California)

Denmark is 0.83 times as big as San Bernardino County (California)

Estonia is 0.87 times as big as San Bernardino County (California)

England is 2.50 times as big as San Bernardino County (California)

Spain is 9.72 times as big as San Bernardino County (California)

Finland is 6.50 times as big as San Bernardino County (California)

United Kingdom is 4.66 times as big as San Bernardino County (California)

Greece (mainland) is 2.12 times as big as San Bernardino County (California)

Croatia is 1.09 times as big as San Bernardino County (California)

Hungary is 1.79 times as big as San Bernardino County (California)

Republic of Ireland is 1.35 times as big as San Bernardino County (California)

Iceland is 1.98 times as big as San Bernardino County (California)

Italy is 5.79 times as big as San Bernardino County (California)

Kosovo is 0.21 times as big as San Bernardino County (California)

Lithuania is 1.25 times as big as San Bernardino County (California)

Latvia is 1.24 times as big as San Bernardino County (California)

Moldova is 0.65 times as big as San Bernardino County (California)

Montenegro is 0.27 times as big as San Bernardino County (California)

North Macedonia is 0.49 times as big as San Bernardino County (California)

Netherlands is 0.80 times as big as San Bernardino County (California)

Norway is 6.22 times as big as San Bernardino County (California)

Northern Ireland is 0.27 times as big as San Bernardino County (California)

Poland is 6.00 times as big as San Bernardino County (California)

Portugal is 1.77 times as big as San Bernardino County (California)

Romania is 4.58 times as big as San Bernardino County (California)

Serbia is 1.70 times as big as San Bernardino County (California)

Scotland is 1.51 times as big as San Bernardino County (California)

Sweden is 8.65 times as big as San Bernardino County (California)

Slovenia is 0.39 times as big as San Bernardino County (California)

Slovakia is 0.94 times as big as San Bernardino County (California)

Ural Mountains is 9.60 times as big as San Bernardino County (California)

Wales is 0.40 times as big as San Bernardino County (California)

Yugoslavia is 4.91 times as big as San Bernardino County (California)

San Bernardino County (California) compared to Asian countries

UAE (United Arab Emirates) is 1.61 times as big as San Bernardino County (California)

Armenia is 0.57 times as big as San Bernardino County (California)

Azerbaijan is 1.66 times as big as San Bernardino County (California)

Bangladesh is 2.77 times as big as San Bernardino County (California)

Brunei is 0.11 times as big as San Bernardino County (California)

Bhutan is 0.74 times as big as San Bernardino County (California)

Chukchi Peninsula is 0.98 times as big as San Bernardino County (California)

Fiji is 0.35 times as big as San Bernardino County (California)

Georgia is 1.34 times as big as San Bernardino County (California)

Israel is 0.40 times as big as San Bernardino County (California)

Iraq is 8.42 times as big as San Bernardino County (California)

Jordan is 1.72 times as big as San Bernardino County (California)

Japan is 7.26 times as big as San Bernardino County (California)

Kamchatka Peninsula is 5.19 times as big as San Bernardino County (California)

Kyrgyzstan is 3.84 times as big as San Bernardino County (California)

Cambodia is 3.48 times as big as San Bernardino County (California)

Korean peninsula is 4.24 times as big as San Bernardino County (California)

North Korea is 2.31 times as big as San Bernardino County (California)

South Korea is 1.91 times as big as San Bernardino County (California)

Kurdistan is 7.53 times as big as San Bernardino County (California)

Kuwait is 0.34 times as big as San Bernardino County (California)

Laos is 4.55 times as big as San Bernardino County (California)

Lebanon is 0.20 times as big as San Bernardino County (California)

Levant is 6.24 times as big as San Bernardino County (California)

Sri Lanka is 1.26 times as big as San Bernardino County (California)

Malay peninsula is 4.65 times as big as San Bernardino County (California)

Malaysia is 6.35 times as big as San Bernardino County (California)

Nakhchivan Autonomous Republic (Azerbaijan) is 0.11 times as big as San Bernardino County (California)

Nepal is 2.83 times as big as San Bernardino County (California)

Oman is 5.94 times as big as San Bernardino County (California)

Papua New Guinea is 8.89 times as big as San Bernardino County (California)

Philippines is 5.76 times as big as San Bernardino County (California)

Palestine is 0.12 times as big as San Bernardino County (California)

Qatar is 0.22 times as big as San Bernardino County (California)

Syria is 3.56 times as big as San Bernardino County (California)

Thailand is 9.85 times as big as San Bernardino County (California)

Tajikistan is 2.75 times as big as San Bernardino County (California)

East Timor is 0.29 times as big as San Bernardino County (California)

Turkmenistan is 9.37 times as big as San Bernardino County (California)

Taiwan is 0.69 times as big as San Bernardino County (California)

Uzbekistan is 8.59 times as big as San Bernardino County (California)

Vietnam is 6.36 times as big as San Bernardino County (California)

West Bank is 0.11 times as big as San Bernardino County (California)

San Bernardino County (California) compared to African countries

Burkina Faso is 5.27 times as big as San Bernardino County (California)

Burundi is 0.53 times as big as San Bernardino County (California)

Benin is 2.16 times as big as San Bernardino County (California)

Congo is 6.57 times as big as San Bernardino County (California)

Ivory Coast is 6.19 times as big as San Bernardino County (California)

Cameroon is 9.13 times as big as San Bernardino County (California)

Darfur (Sudan) is 9.47 times as big as San Bernardino County (California)

Djibouti is 0.45 times as big as San Bernardino County (California)

Western Sahara is 5.11 times as big as San Bernardino County (California)

Eritrea is 2.26 times as big as San Bernardino County (California)

Gabon is 5.14 times as big as San Bernardino County (California)

Ghana is 4.58 times as big as San Bernardino County (California)

Gambia is 0.22 times as big as San Bernardino County (California)

Guinea is 4.72 times as big as San Bernardino County (California)

Equatorial Guinea is 0.54 times as big as San Bernardino County (California)

Guinea-Bissau is 0.69 times as big as San Bernardino County (California)

Halaib Triangle is 0.40 times as big as San Bernardino County (California)

Liberia is 2.14 times as big as San Bernardino County (California)

Lesotho is 0.58 times as big as San Bernardino County (California)

Morocco is 8.58 times as big as San Bernardino County (California)

Malawi is 2.28 times as big as San Bernardino County (California)

Rwanda is 0.51 times as big as San Bernardino County (California)

Sierra Leone is 1.38 times as big as San Bernardino County (California)

Senegal is 3.78 times as big as San Bernardino County (California)

Somaliland is 3.38 times as big as San Bernardino County (California)

Eswatini (Swaziland) is 0.33 times as big as San Bernardino County (California)

Togo is 1.09 times as big as San Bernardino County (California)

Tunisia is 3.14 times as big as San Bernardino County (California)

Uganda is 4.63 times as big as San Bernardino County (California)

Zimbabwe is 7.50 times as big as San Bernardino County (California)

San Bernardino County (California) compared to US States

California (US) is 8.14 times as big as San Bernardino County (California)

Upper Peninsula of Michigan is 0.82 times as big as San Bernardino County (California)

Alabama (US) is 2.61 times as big as San Bernardino County (California)

Arkansas (US) is 2.63 times as big as San Bernardino County (California)

Arizona (US) is 5.65 times as big as San Bernardino County (California)

Colorado (US) is 5.18 times as big as San Bernardino County (California)

Connecticut (US) is 0.28 times as big as San Bernardino County (California)

Florida (US) is 3.27 times as big as San Bernardino County (California)

Georgia (US) is 2.96 times as big as San Bernardino County (California)

Hawaii (US) is 0.54 times as big as San Bernardino County (California)

Iowa (US) is 2.80 times as big as San Bernardino County (California)

Idaho (US) is 4.16 times as big as San Bernardino County (California)

Illinois (US) is 2.88 times as big as San Bernardino County (California)

Indiana (US) is 1.81 times as big as San Bernardino County (California)

Kansas (US) is 4.09 times as big as San Bernardino County (California)

Kentucky (US) is 2.01 times as big as San Bernardino County (California)

Louisiana (US) is 2.60 times as big as San Bernardino County (California)

Massachusetts (US) is 0.52 times as big as San Bernardino County (California)

Maryland (US) is 0.62 times as big as San Bernardino County (California)

Maine (US) is 1.76 times as big as San Bernardino County (California)

Michigan (US) is 2.89 times as big as San Bernardino County (California)

Minnesota (US) is 4.32 times as big as San Bernardino County (California)

Missouri (US) is 3.47 times as big as San Bernardino County (California)

Mississippi (US) is 2.41 times as big as San Bernardino County (California)

Montana (US) is 7.32 times as big as San Bernardino County (California)

North Carolina (US) is 2.68 times as big as San Bernardino County (California)

North Dakota (US) is 3.52 times as big as San Bernardino County (California)

Nebraska (US) is 3.85 times as big as San Bernardino County (California)

New Hampshire (US) is 0.47 times as big as San Bernardino County (California)

New Jersey (US) is 0.43 times as big as San Bernardino County (California)

New Mexico (US) is 6.05 times as big as San Bernardino County (California)

Nevada (US) is 5.50 times as big as San Bernardino County (California)

New York State (US) is 2.71 times as big as San Bernardino County (California)

Ohio (US) is 2.23 times as big as San Bernardino County (California)

Oklahoma (US) is 3.48 times as big as San Bernardino County (California)

Oregon (US) is 4.90 times as big as San Bernardino County (California)

Pennsylvania (US) is 2.29 times as big as San Bernardino County (California)

South Carolina (US) is 1.59 times as big as San Bernardino County (California)

South Dakota (US) is 3.84 times as big as San Bernardino County (California)

Tennessee (US) is 2.10 times as big as San Bernardino County (California)

Utah (US) is 4.22 times as big as San Bernardino County (California)

Virginia (US) is 2.13 times as big as San Bernardino County (California)

Vermont (US) is 0.48 times as big as San Bernardino County (California)

Washington (US) is 3.55 times as big as San Bernardino County (California)

Wisconsin (US) is 3.26 times as big as San Bernardino County (California)

West Virginia (US) is 1.21 times as big as San Bernardino County (California)

Wyoming (US) is 4.90 times as big as San Bernardino County (California)

San Bernardino County (California) compared to countries in the Americas

Belize is 0.44 times as big as San Bernardino County (California)

Central America is 9.76 times as big as San Bernardino County (California)

Costa Rica is 0.98 times as big as San Bernardino County (California)

Cuba is 2.11 times as big as San Bernardino County (California)

Dominican Republic is 0.93 times as big as San Bernardino County (California)

Ecuador is 4.92 times as big as San Bernardino County (California)

Guatemala is 2.09 times as big as San Bernardino County (California)

French Guiana is 1.60 times as big as San Bernardino County (California)

Guyana is 4.13 times as big as San Bernardino County (California)

Honduras is 2.16 times as big as San Bernardino County (California)

Haiti is 0.53 times as big as San Bernardino County (California)

Jamaica is 0.21 times as big as San Bernardino County (California)

Republic of Lakotah is 3.84 times as big as San Bernardino County (California)

Mojave Desert is 2.38 times as big as San Bernardino County (California)

New England is 3.58 times as big as San Bernardino County (California)

Nicaragua is 2.50 times as big as San Bernardino County (California)

Panama is 1.45 times as big as San Bernardino County (California)

Puerto Rico (US) is 0.17 times as big as San Bernardino County (California)

Paraguay is 7.81 times as big as San Bernardino County (California)

Suriname is 3.15 times as big as San Bernardino County (California)

El Salvador is 0.40 times as big as San Bernardino County (California)

Uruguay is 3.38 times as big as San Bernardino County (California)

Yucatan Peninsula is 3.48 times as big as San Bernardino County (California)

Had to check what San Bernardino County is: it's 80% of the area between LA and Las Vegas. Yes, fully agree, that's not EV Bus territory. What I meant was busses that would e.g., connect Long Beach to Anaheim.

[Jeroen Goudswaard + 61]

On 7/7/2023 at 6:56 PM, Ecocharger said:

EV buses, as in local route, I assume. Not long-haul.

Hybrids count as fossil fuel vehicles.

The EV vehicles are piling up on the lots, the market for them appears saturated, that niche market appears saturated and at a dead end.

Long haul buses -  no way indeed (although the Tesla Semi truck seems to work, so why not a bus?).

EV vehicles piling up on the lots? I still see an average of 21 weeks waiting time for a new one. 

[Rob Plant + 2,756]

20 minutes ago, Jeroen Goudswaard said:

Had to check what San Bernardino County is: it's 80% of the area between LA and Las Vegas. Yes, fully agree, that's not EV Bus territory. What I meant was busses that would e.g., connect Long Beach to Anaheim.

Why cant you have 1 bus from LA to Victorville (approx 84 miles) and then get on another bus to take you to Las Vegas (approx 186 miles)? Its only like changing trains after all.

This double decker bus will do 250 miles on 1 charge so would easily get you to Vegas from Victorville.

https://www.motoringelectric.com/news/equipmake-electric-bus-250-mile-range-revealed/

[Jeroen Goudswaard + 61]

On 7/8/2023 at 6:40 PM, Eyes Wide Open said:

Focus: 300,000 companies in Germany are on the verge of bankruptcy

 

One in ten German companies has encountered financial problems and is at risk of bankruptcy.

Currently, the European Union is faced with an energy crisis, provoking inflation and rising energy costs.

 

https://runews24.ru/eng/world/17/11/2022/d66ae69e83625be92fb62567a4959046

 

Germany to close all 84 of its coal-fired power plants, will rely primarily on renewable energy

The plan includes some $45 billion in spending to mitigate the pain in coal regions.

45 BILLION GONE WITH THE WIND.

I LEAVE WITH YOU.

 

https://www.latimes.com/world/europe/la-fg-germany-coal-power-20190126-story.html

Y-on-Y Inflation in the euro-area is currently standing at 5%, with a peak of 10% around March 2023. The ECB interest rate is 3.75%.

Y-on-Y inflation in the USA is at 3%, with a peak of 9% around June 2022. Your Fed interest rate is 5%.

Not a big difference, and most of it can be explained by the Russian invasion (EU) and the slow recovery from the COVID crisis (USA).

[Ecocharger + 1,474]

14 hours ago, notsonice said:

no I did not miss the major points....here they are again

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

Enjoy.....we now have a majority of Americans considering a new or used EV..........

Sediment is turning against your Clunkers

Okay, let's try it again,

"According to an April 2023 report by consumer intelligence company JD Power, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January."

[Ecocharger + 1,474]

13 hours ago, Jeroen Goudswaard said:

Y-on-Y Inflation in the euro-area is currently standing at 5%, with a peak of 10% around March 2023. The ECB interest rate is 3.75%.

Y-on-Y inflation in the USA is at 3%, with a peak of 9% around June 2022. Your Fed interest rate is 5%.

Not a big difference, and most of it can be explained by the Russian invasion (EU) and the slow recovery from the COVID crisis (USA).

And the wild printing of money by U.S. and European governments to fund the EV revolution....which will again cause another inflationary spike going forward.

An exercise in self-flagellation.

[TailingsPond + 1,008]

42 minutes ago, Ecocharger said:

And the wild printing of money by U.S. and European governments to fund the EV revolution....which will again cause another inflationary spike going forward.

An exercise in self-flagellation.

So you agree the revolution is happening! 

You can't simultaneously say the EV revolution will not happen and say the revolution will ruin the economy.

 

[Eyes Wide Open + 3,555]

On 7/14/2023 at 5:56 PM, notsonice said:

I also read the following comments

did you catch the comments in the article????

maybe you are having trouble with your reading glasses again....so please try again or ask an adult in the room to read it for you.....

 

......... customer interest in EVs is rapidly rising .

 

and

...........The research found that 51 percent of consumers were considering a new or used EV

Enjoy.....we now have a majority of Americans considering a new or used EV..........

 

Green Agenda moving in the right direction

 

Ya Don't say....

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots

Electric vehicles are leading the way when it comes to sitting unsold on dealer lots.

 

The big reason for this 53-day average supply comes down to one thing: EVs. According to the outlet, those vehicles have a 103-day supply. That makes it the only segment other than ultra-luxury and high-end luxury to have supplies on the other side of 100 days. However, Cox does point out that full-size cars were close at 99 days, but that’s not really that surprising.

 

https://jalopnik.com/dealers-now-have-nearly-two-million-new-cars-sitting-on-1850647358

 

Edited July 18, 2023 by Eyes Wide Open

[Ecocharger + 1,474]

1 minute ago, TailingsPond said:

So you agree the revolution is happening! 

You can't simultaneously say the EV revolution will not happen and say the revolution will ruin the economy.

 

The revolution is planned but will fail. Like all good revolutions.

[TailingsPond + 1,008]

2 minutes ago, Ecocharger said:

The revolution is planned but will fail. Like all good revolutions.

You should understand the obvious logic here.  You can't complain that EV's will strain the grid and ruin the economy if you also say very few EV's will be sold.

Pick one.

 

[lexington green + 22]

In the Mid-Atlantic region, the appeal of the Tesla is that it will smoke any ICE muscle car it encounters.

The region is full of drivers who love to go out and do battle in their V8 powered SUV's, BMW's of every

sort, and HEMI powered pickups.   But the Teslas, even the Model 3's are eating their lunch.

And then it costs about half or less to re-fuel.   The race is mostly over.