E-car Sales Collapse

[Rob Plant + 2,239]

On 3/18/2023 at 6:29 AM, footeab@yahoo.com said:

Do you want taxi's all year round or not?  There won't be thousands of human taxi drivers taking over when it snows a bit if self driving cars are a thing.  There won't be taxi drivers at all.  So, until this gets fixed, a little snow would strand everyone in place. 

Taxi's fitted with snow tyres or chains! 

[jonathb + 2]

A related issue is the glut of "legacy" vehicles - ICE-powered BMW VW etc.. in China. There's also a smaller mini-glut of EVs and batteries. The upshot will be downward pressure on EV prices thru 2023-2024. Compounding this will be the 50% drop in lithium prices from the peak reached a few months ago. I know I'll hold out a few more months to buy my new EV.

[turbguy + 1,139]

An interesting "twist".

Must be some money behind it.  A profit of even 5 cents per KWh would be eyebrow raising.

Big Oil Wants In On The EV Boom

Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever.

https://oilprice.com/Energy/Energy-General/Big-Oil-Wants-In-On-The-EV-Boom.html

Edited Wednesday at 04:21 AM by turbguy

[Rob Plant + 2,239]

5 hours ago, turbguy said:

An interesting "twist".

Must be some money behind it.  A profit of even 5 cents per KWh would be eyebrow raising.

Big Oil Wants In On The EV Boom

Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever.

https://oilprice.com/Energy/Energy-General/Big-Oil-Wants-In-On-The-EV-Boom.html

Yep for those on here thinking ICE will remain dominant are in for a rude awakening. If the oil majors recognise the writing is on the wall and they have to jump on the bandwagon to survive/grow then you know its only round the corner.

Adapt and change or die, just like most subsea/offshore EPC's, OEM's, fabricators etc for oil & gas have done already in Europe.

[Ron Wagner + 477]

On 3/21/2023 at 10:15 AM, jonathb said:

A related issue is the glut of "legacy" vehicles - ICE-powered BMW VW etc.. in China. There's also a smaller mini-glut of EVs and batteries. The upshot will be downward pressure on EV prices thru 2023-2024. Compounding this will be the 50% drop in lithium prices from the peak reached a few months ago. I know I'll hold out a few more months to buy my new EV.

The best option is a hybrid if you have a home. If money is no object it doesn't matter. 

[notsonice + 730]

16 hours ago, Ron Wagner said:

The best option is a hybrid if you have a home. If money is no object it doesn't matter. 

The best option is a hybrid ...today..Yes...Teslas are so overpriced   ...stupid money gets you a Tesla    .2025??? VW with their $25000 EVs in 2025............game changer in the business . Lot of Tesla buyers today that will not like the depreciation coming to the EV market due to the lower priced EVS coming out

[Rob Plant + 2,239]

13 hours ago, notsonice said:

The best option is a hybrid ...today..Yes...Teslas are so overpriced   ...stupid money gets you a Tesla    .2025??? VW with their $25000 EVs in 2025............game changer in the business . Lot of Tesla buyers today that will not like the depreciation coming to the EV market due to the lower priced EVS coming out

I agree depreciation and technology advances in batteries etc are delaying many from taking the plunge with EV's, myself included.

I dont want to constantly worry about range, if I have an 8 hour round trip for work then I dont want to add to it by 2 hours waiting for my car to re-charge so I can get home. I also dont want to think my car will be worth half its purchase price in 2 years time.

I have a hybrid but will wait for a full EV when it makes practical and economic sense.

[jonathb + 2]

Just a BTW to this thread.

CATL are now - mid-2023 - going big on sodium-ion batteries. These are already in use in small urban run-around cars in China, cost around $9K over there, range a little over 100 miles. But now this latest generation of sodium-ion tec is going mainstream on regular range EVs, and its effect will be huge. Sticker prices will be significantly lower on EVs than the equivalent ICE car, quite apart from the lower running cost. 

Surely many buyers must be waiting just a little longer for a tsunami of bargains.

[Polyphia + 40]

1 hour ago, jonathb said:

Just a BTW to this thread.

CATL are now - mid-2023 - going big on sodium-ion batteries. These are already in use in small urban run-around cars in China, cost around $9K over there, range a little over 100 miles. But now this latest generation of sodium-ion tec is going mainstream on regular range EVs, and its effect will be huge. Sticker prices will be significantly lower on EVs than the equivalent ICE car, quite apart from the lower running cost. 

Surely many buyers must be waiting just a little longer for a tsunami of bargains.

As a follow-up to jonathb's post:

https://www.bloomberg.com/news/articles/2023-03-21/electric-vehicle-batteries-of-the-future-may-be-lithium-less?leadSource=uverify wall

[Ron Wagner + 477]

On 3/23/2023 at 3:02 PM, notsonice said:

The best option is a hybrid ...today..Yes...Teslas are so overpriced   ...stupid money gets you a Tesla    .2025??? VW with their $25000 EVs in 2025............game changer in the business . Lot of Tesla buyers today that will not like the depreciation coming to the EV market due to the lower priced EVS coming out

True, but a lot depends on when the price out the door matches the promises and the supply meets the demand. 

[Michael Sanches + 167]

A new problem is the fact that 

For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles - leading to higher premiums and undercutting gains from going electric (Reuters)

Also:

https://notthebee.com/article/one-tiny-little-detail-they-forgot-to-tell-you-about-those-electric-vehicles

 

[Michael Sanches + 167]

On 3/25/2023 at 9:48 AM, jonathb said:

Just a BTW to this thread.

CATL are now - mid-2023 - going big on sodium-ion batteries. These are already in use in small urban run-around cars in China, cost around $9K over there, range a little over 100 miles. But now this latest generation of sodium-ion tec is going mainstream on regular range EVs, and its effect will be huge. Sticker prices will be significantly lower on EVs than the equivalent ICE car, quite apart from the lower running cost. 

Surely many buyers must be waiting just a little longer for a tsunami of bargains.

As an apartment dweller, I still would buy a hybrid over an EV. But, this sounds promising. By 2300 most cars will be EV. I just wish these socialists wouldn't force so much pain in the meantime with all their mandates.

[jonathb + 2]

In the U.K., 2023 EV new regs run-rate is around 43,000 until feb. In the whole of 2022 it was 368,000, and projections go way above that for all 2023. EVs are selling. IMHO just conjecture all of Europe is not much different, altho we know Norway is far ahead of the rest. IMHO2 Germany will do huge EV numbers 2023-2024, regardless of subsidies.  

[notsonice + 730]

16 minutes ago, jonathb said:

In the U.K., 2023 EV new regs run-rate is around 43,000 until feb. In the whole of 2022 it was 368,000, and projections go way above that for all 2023. EVs are selling. IMHO just conjecture all of Europe is not much different, altho we know Norway is far ahead of the rest. IMHO2 Germany will do huge EV numbers 2023-2024, regardless of subsidies.  

E-car Sales Collapse....was posted by a person in denial.......

Fake news is all the rage with the climate change denial crowd

 

2025 is the year that ICE vehicles on the road are at a peak....after that a long terminal decline in ICE vehicles on the roadBy 2030 EVs represent more than 60% of vehicles sold globally

Rome was not built in a day....for EVs.....looks like 2040 and EVs are the majority of vehicles on the road

[turbguy + 1,139]

48 minutes ago, notsonice said:

E-car Sales Collapse....was posted by a person in denial.......

Fake news is all the rage with the climate change denial crowd

 

2025 is the year that ICE vehicles on the road are at a peak....after that a long terminal decline in ICE vehicles on the roadBy 2030 EVs represent more than 60% of vehicles sold globally

Rome was not built in a day....for EVs.....looks like 2040 and EVs are the majority of vehicles on the road

I'm gonna miss rolling on the throttle of my Harley while in second gear...

[notsonice + 730]

43 minutes ago, turbguy said:

I'm gonna miss rolling on the throttle of my Harley while in second gear...

can you convert it to alcohol ??? just kidding .......my bet is no one will touch the biker crowds cycle's..or gasoline supply...Washington DC biker rallies will make Jan 6 look like an amateur event

 

Mad Max events will still rule the earth well into the next 100,000 years

Gasoline can be produced in your backyard if if you have access to a stripper well .....how many 100,000 of wells that are forgotten?