E-car Sales Collapse

[Ecocharger + 1,462]

3 hours ago, TailingsPond said:

"In the future, Cadillac is expected to gradually become a fully electrified brand, just like most luxury/premium brands."

Only if the world goes totally insane...I doubt that will happen. Reality has already arrived with the problems selling the new EVs.

Edited July 31, 2023 by Ecocharger

[Ecocharger + 1,462]

2 hours ago, Eyes Wide Open said:

GM CEO Mary Barra Says Company Aims to Sell 1 Million EVs a Year

Barra believes General Motors can expand beyond the Chevy Bolt to a full, big-selling EV lineup.

BY SEBASTIAN BLANCOPUBLISHED: SEP 21, 2019

 

https://www.caranddriver.com/news/a29153501/mary-barra-gm-sell-million-evs/

Do not expect any ramp up of EV production anytime soon, the new EVs produced are just piling up on the sales lots begging for buyers. The EV market remains a niche which is now oversupplied.

[TailingsPond + 874]

2 hours ago, Ecocharger said:

Here is the killer quote,

"All indications are that with raw materials and labor price increases, and inflation, prices for electric pickups will stay high for the near future, causing those models to cost considerably more than their gasoline- and diesel-powered counterparts."

Nice things cost more, as usual.  Do you eat nothing but junk food because it is cheaper than a quality steak?

Secondly, EV's outperform ICE vehicles in many ways, acceleration being a notable one.

[Michael Sanches + 187]

Great visions:

My Space

Betamax

Blockbuster

I don't want visions, show me the money! (Profits, Without carbon offset profits)

[Eyes Wide Open + 3,554]

13 hours ago, Ecocharger said:

Do not expect any ramp up of EV production anytime soon, the new EVs produced are just piling up on the sales lots begging for buyers. The EV market remains a niche which is now oversupplied.

Not at all, that articles time stamp is 2019, quoting her boisterous malfeasance. Move ahead 4 years billions of dollars,thousands of lost jobs and nothing to show for it. 

 

[Ecocharger + 1,462]

12 hours ago, TailingsPond said:

Nice things cost more, as usual.  Do you eat nothing but junk food because it is cheaper than a quality steak?

Secondly, EV's outperform ICE vehicles in many ways, acceleration being a notable one.

But the EVs are just piling up on sales lots, the market for EVs is now saturated and is now resistant to further product.

EVs are now a disaster zone.

https://oilprice.com/Energy/Energy-General/Ford-Suffers-45-Billion-Setback-Amid-Teslas-Aggressive-Pricing.html

"Ford's EV division is expected to lose $4.5 billion this year, $1.5 billion more than anticipated, with the division already reporting a loss of $1.8 billion this year, compared to last year's $2.1 billion loss.

Due to an industry-wide price war for EVs, led by Tesla, Ford is reassessing its EV production schedule and spending plans, pulling back on its initial production ramp-up and predicting a delay in reaching its annual production target of 600,000 EVs."

Edited July 31, 2023 by Ecocharger

[Ecocharger + 1,462]

More bad news for EVs,

https://www.teslarati.com/tesla-placed-bottom-consumer-reports-reliability-rankings/

"Tesla was found to be one of the most unreliable brands in America, according to Consumer Reports’ annual reliability report.

Consumer Reports‘ annual reliability rankings have been released, and with data from 24 brands and over 300,000 vehicles, Tesla fell near the bottom (19/24) along with Mercedes-Benz, Jeep, Volkswagen, GMC, and Chevrolet. Electric vehicles overall also placed poorly, being the second least reliable category of vehicles. Hybrids/plugin hybrids, especially those from Toyota, were found to be the most reliable."

Edited July 31, 2023 by Ecocharger

[Ecocharger + 1,462]

And it wasn't even charging! Wow....

https://insideevs.com/news/678343/mercedes-eqe-loaner-car-burns-down-inside-florida-homeowner-garage/

:

She told News4Jax that the luxury electric sedan wasn't even charging when it burst into flames – she doesn't own a home charging unit.

"It was parked in the garage, about 22 hours and then it caught fire. I was at work. About 8:30 and my husband heard a hiss and a pop, and he went into the garage full of smoke. It engulfed in flames and exploded," the Nocatee, Florida resident said."

Edited August 1, 2023 by Ecocharger

[TailingsPond + 874]

Exxon mobile wants to supply lithium... not oil.  They understand that the future is electric.

Exxon Mobil in talks with Tesla, Ford to supply lithium - Bloomberg Law (msn.com)

[Ecocharger + 1,462]

22 minutes ago, TailingsPond said:

Exxon mobile wants to supply lithium... not oil.  They understand that the future is electric.

Exxon Mobil in talks with Tesla, Ford to supply lithium - Bloomberg Law (msn.com)

There is only a small niche market for EVs, so the future is limited for the EV people.

[Eyes Wide Open + 3,554]

25 minutes ago, TailingsPond said:

Exxon mobile wants to supply lithium... not oil.  They understand that the future is electric.

Exxon Mobil in talks with Tesla, Ford to supply lithium - Bloomberg Law (msn.com)

One might suspect automotive mfgs are experiencing cash flow issue's, it seems there forward thinking investment/strategies have them in a faceplant debacle. Hey buddy got a dime comes to mind.

[TailingsPond + 874]

BP now makes windmills.

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-enter-german-offshore-wind-market-with-4gw-auction-win.html

The oil companies are transitioning to energy companies.  Face reality.

[TailingsPond + 874]

Toyota to boost EV development and technology in China (msn.com)

"The move is the latest from the world's top-selling carmaker to show a sharper pivot to electric vehicles. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain and the development of long-range batteries."

[Ecocharger + 1,462]

5 hours ago, TailingsPond said:

BP now makes windmills.

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-enter-german-offshore-wind-market-with-4gw-auction-win.html

The oil companies are transitioning to energy companies.  Face reality.

Oil demand is at an all-time high and growing rapidly. Will someone tell the White House that people want to drive fossil fuel cars? I don't think that they get the message yet.

"The world’s oil demand has hit a record-high of 102.8 million bpd this month, Goldman’s analysts wrote in a note on Sunday. The bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023, and to 600,000 bpd deficit in 2024. As a result of those deficits, Brent prices could rise to $93 a barrel in the second quarter of 2024, according to Goldman Sachs.  

Last week, Daan Struyven, head of oil research at Goldman Sachs, told CNBC that the bank expects prices to go higher as record-high oil demand and lowered supply are set to lead to a large market deficit.

“We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Struyven said."   

Edited August 1, 2023 by Ecocharger

[Ecocharger + 1,462]

1 hour ago, TailingsPond said:

Toyota to boost EV development and technology in China (msn.com)

"The move is the latest from the world's top-selling carmaker to show a sharper pivot to electric vehicles. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain and the development of long-range batteries."

A recipe for bankruptcy..no one will buy those things, EVs are yesterday's news.

[Rob Plant + 2,756]

6 hours ago, TailingsPond said:

BP now makes windmills.

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-enter-german-offshore-wind-market-with-4gw-auction-win.html

The oil companies are transitioning to energy companies.  Face reality.

So does Equinor

https://www.equinor.com/energy/offshore-wind

[Rob Plant + 2,756]

24 minutes ago, Ecocharger said:

A recipe for bankruptcy..no one will buy those things, EVs are yesterday's news.

Do you really believe you know more about the auto industry than pretty much every major auto manufacturer in the world?

Every one of these is going EV! Why I hear you say, because thats the future. Many governments already have bans on petrol/gas and diesel vehicles by 2035 some even sooner. What do you think happens to auto manufacturers when they are banned from selling ICE vehicles?

You say "nobody will buy those things" but they wont have any choice, why cant you grasp this simple truth?

[footeab@yahoo.com + 2,190]

2 hours ago, Rob Plant said:

Do you really believe you know more about the auto industry than pretty much every major auto manufacturer in the world?

Every one of these is going EV! Why I hear you say, because thats the future. Many governments already have bans on petrol/gas and diesel vehicles by 2035 some even sooner. What do you think happens to auto manufacturers when they are banned from selling ICE vehicles?

You say "nobody will buy those things" but they wont have any choice, why cant you grasp this simple truth?

Ah, so because of GOVERNMENT fiat Totalitarian measures, manufacturers are changing, NOT because of economics... you just said so, good to know. 

Yes, the slave masters are cracking whips in a few dumb countries.  The rest of the world is still trying to just live. 

[Rob Plant + 2,756]

1 hour ago, footeab@yahoo.com said:

Ah, so because of GOVERNMENT fiat Totalitarian measures, manufacturers are changing, NOT because of economics... you just said so, good to know. 

Yes, the slave masters are cracking whips in a few dumb countries.  The rest of the world is still trying to just live. 

Like it or not thats the world we live in Footeab

One thing you dont touch on is that pollution levels in cities will be way lower, less respiratory disorders and less people dying because of them.

[notsonice + 1,255]

5 hours ago, Ecocharger said:

Oil demand is at an all-time high and growing rapidly. Will someone tell the White House that people want to drive fossil fuel cars? I don't think that they get the message yet.

"The world’s oil demand has hit a record-high of 102.8 million bpd this month, Goldman’s analysts wrote in a note on Sunday. The bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023, and to 600,000 bpd deficit in 2024. As a result of those deficits, Brent prices could rise to $93 a barrel in the second quarter of 2024, according to Goldman Sachs.  

Last week, Daan Struyven, head of oil research at Goldman Sachs, told CNBC that the bank expects prices to go higher as record-high oil demand and lowered supply are set to lead to a large market deficit.

“We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Struyven said."   

Demand??? what matters is consumption......

and once again you fail...subtract out stockpiling in China and ....ha ha ha

.......In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell.........

The world’s oil demand has hit a record-high of 102.8 million bpd this month  ?????  minus china stockpiling of 2.1 million BPD and you get ????

do you need someone to help you with math again Gomer?????

 

now subtract out what is accumulating in tankers that are going nowhere...another million barrels a day ???????

Jun 26, 2023, 8:31 AM CDT

• The volume of floating oil storage has jumped to the highest level in more than two and a half years.
• There were 129 million barrels of crude oil on stationary tankers as of the end of last week.

What does that leave you 99.7 millon BPD

and consumption is flat at best

 

now excess stockpiling in the rest of the world.....ha  ha ha 

 

 

What does that leave you ???????

 

Global Floating Oil Storage Hits Highest Level Since October 2020

By Charles Kennedy - Jun 26, 2023, 8:31 AM CDT

• The volume of floating oil storage has jumped to the highest level in more than two and a half years.
• There were 129 million barrels of crude oil on stationary tankers as of the end of last week.
• While the volume of crude oil in floating storage has been rising, the total volume of crude in transit has been falling.

 

 

Cheap Russian oil helped China accelerate the pace of stockpiling crude in June to the largest monthly additions to inventories in three years, according to estimates by Reuters columnist Clyde Russell based on official Chinese data.  

In June, China is estimated to have added 2.1 million barrels per day (bpd) of crude oil to either its commercial or strategic reserves, up from 1.77 million bpd added to inventories in May, per Russell’s calculations.

China does not report commercial or strategic inventories, so analysts are trying to estimate the volume of stockpiling by deducting the amount of processed crude from all available crude coming from imports and domestic crude production.

In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell.

[notsonice + 1,255]

1 hour ago, Rob Plant said:

Like it or not thats the world we live in Footeab

One thing you dont touch on is that pollution levels in cities will be way lower, less respiratory disorders and less people dying because of them.

better health is not a goal of Coal or Oil......selling more coal and oil is their only goal

 

footinthemouth stated ....The rest of the world is still trying to just live......yet he ignores that clean air is an essential component in having a good life.....

[footeab@yahoo.com + 2,190]

6 hours ago, Rob Plant said:

Like it or not thats the world we live in Footeab

One thing you dont touch on is that pollution levels in cities will be way lower, less respiratory disorders and less people dying because of them.

Sigh: Breaking News... Hawaii with ocean cleaned air every second barely has any difference ...  Interior USA in comparison has bad air due to dust particulates in the air.  Then you have idiots who smoke... Respiratory problems have nothing to do with NoX.

Cities have the LOWEST respiratory problems as vast MAJORITY of respiratory problems are caused by dust and Asthma. 

[footeab@yahoo.com + 2,190]

Once again, Rob you prove why I have you blocked.  Bravo

[Ecocharger + 1,462]

11 hours ago, Rob Plant said:

So does Equinor

https://www.equinor.com/energy/offshore-wind

A promo? Not scientific or analytical.

[Ecocharger + 1,462]

11 hours ago, Rob Plant said:

Do you really believe you know more about the auto industry than pretty much every major auto manufacturer in the world?

Every one of these is going EV! Why I hear you say, because thats the future. Many governments already have bans on petrol/gas and diesel vehicles by 2035 some even sooner. What do you think happens to auto manufacturers when they are banned from selling ICE vehicles?

You say "nobody will buy those things" but they wont have any choice, why cant you grasp this simple truth?

This mania has recently been created based on false science...how long do you think it will take to get people to wake up and smell the coffee? I predict less than ten years.