e-cars not selling

[markslawson + 1,058]

Most of you would have see n this right? It goes with a whole slew of announcements about e-car makers cutting back on production due to slowing sales.

The actual article is from the Wall Street Journal and is behind a paywall, but here is the gist of it from a newsletter

You can subsidize a buyer into the auto showroom, but you can’t make him buy. That’s the word from some 3,900 car dealers across the country who on Tuesday wrote President Biden that electric vehicles are piling up unsold on their lots. They want relief from his onerous and unrealistic EV sales mandate.
 
“There are many excellent battery electric vehicles available for consumers to purchase,” the dealers write in their letter to the President. But they add that “electric vehicle demand today is not keeping up with the large influx of BEVs arriving at our dealerships prompted by the current regulations,” and “BEVs are stacking up on our lots.”
 
Dealers have a 103-day supply of EVs compared to 56 days for all cars. It takes them on average 65 days to sell an EV, about twice as long as for gas-powered cars. EV sales are slowing though manufacturers have slashed prices and increased discounts. Consumers paid on average $50,683 for an EV in September, compared to $65,000 a year ago.
 
The reason, as the dealers explain, is that “early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell.” But most consumers aren’t “ready to make the change,” in part because EVs are still too expensive. Many apartment renters also don’t have garages for home charging, and public charging networks are spotty with one in four not functional, according to one study.
 
“Customers are also concerned about the loss of driving range in cold or hot weather,” the auto dealers say. “Some have long daily commutes and don’t have the extra time to charge the battery. Truck buyers are especially put off by the dramatic loss of range when towing.”
 
The dealers want the Administration to “tap the brakes” on its proposed tailpipe emissions rules that would effectively mandate that EVs comprise two-thirds of car sales by 2032. Auto makers might meet the government’s quotas in leftwing cities where Teslas are a political fashion statement, but price and convenience matter more elsewhere.
 
A new study from the University of California, Berkeley’s Energy Institute at Haas finds a “strong and enduring correlation between political ideology and U.S. EV adoption.” About half of EVs registered as of last year were to “the 10% most Democratic counties, and about one-third to the top 5%,” the study notes. This suggests “it may be harder than previously believed to reach high levels of U.S. EV adoption.”
 
The dealers’ letter is an important political signal that progressive climate coercion isn’t as popular as Democrats think. Americans don’t like to be told what to do or what they must buy. As the dealers put it, “many people just want to make their own choice about what vehicle is right for them.” Imagine that.
 

[Eyes Wide Open + 3,555]

The article below really opens up the entire debacle, it seems quite apparent large automotive manufacturers sold there countrymen out merely to gain access to the enormous Chinese market. Electrification of the auto industry is nothing more than a deal made in hell

If the EU takes action against China, it would be a big mistake - in Germany they would call it an own goal.

The China market is more than 20 million new vehicles and the EU is closer to 15 million. So we're losing a big China market by saving maybe 5%, say 750,000 new cars a year. These new cars are also Japanese, U.S. and Korean cars, not just European,” Dudenhoeffer said.

 

https://www.forbes.com/sites/neilwinton/2023/06/26/french-desire-for-eu-protection-from-chinas-electric-cars-irks-germany/?sh=2c9568185c78

 

 

https://www.politico.eu/article/brussels-officially-starts-probe-into-chinese-electric-vehicles/

Brussels officially starts probe into Chinese electric vehicles

European Commission investigation follows pressure from the French government.

The probe is on the Commission’s own initiative, a so-called ex-officio investigation, instead of being triggered following a formal complaint from the EU industry, as is usually the case. It was announced by Commission President Ursula von der Leyen in her State of the European Union address last month, when she warned that global markets were being “flooded” with cheaper Chinese electric cars.

The investigation followed pressure from the French government, which is pushing to strengthen Europe’s industrial defenses against China’s fast-growing electric vehicle industry. But it has sparked concern in Germany, whose auto industry is heavily exposed to the Chinese market, that Beijing could retaliate — sparking a tit-for-tat cycle that could escalate into a full-scale trade war.

Edited November 30, 2023 by Eyes Wide Open

[Jay McKinsey + 1,490]

3 hours ago, markslawson said:

Most of you would have see n this right? It goes with a whole slew of announcements about e-car makers cutting back on production due to slowing sales.

The actual article is from the Wall Street Journal and is behind a paywall, but here is the gist of it from a newsletter

You can subsidize a buyer into the auto showroom, but you can’t make him buy. That’s the word from some 3,900 car dealers across the country who on Tuesday wrote President Biden that electric vehicles are piling up unsold on their lots. They want relief from his onerous and unrealistic EV sales mandate.
 
“There are many excellent battery electric vehicles available for consumers to purchase,” the dealers write in their letter to the President. But they add that “electric vehicle demand today is not keeping up with the large influx of BEVs arriving at our dealerships prompted by the current regulations,” and “BEVs are stacking up on our lots.”
 
Dealers have a 103-day supply of EVs compared to 56 days for all cars. It takes them on average 65 days to sell an EV, about twice as long as for gas-powered cars. EV sales are slowing though manufacturers have slashed prices and increased discounts. Consumers paid on average $50,683 for an EV in September, compared to $65,000 a year ago.
 
The reason, as the dealers explain, is that “early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell.” But most consumers aren’t “ready to make the change,” in part because EVs are still too expensive. Many apartment renters also don’t have garages for home charging, and public charging networks are spotty with one in four not functional, according to one study.
 
“Customers are also concerned about the loss of driving range in cold or hot weather,” the auto dealers say. “Some have long daily commutes and don’t have the extra time to charge the battery. Truck buyers are especially put off by the dramatic loss of range when towing.”
 
The dealers want the Administration to “tap the brakes” on its proposed tailpipe emissions rules that would effectively mandate that EVs comprise two-thirds of car sales by 2032. Auto makers might meet the government’s quotas in leftwing cities where Teslas are a political fashion statement, but price and convenience matter more elsewhere.
 
A new study from the University of California, Berkeley’s Energy Institute at Haas finds a “strong and enduring correlation between political ideology and U.S. EV adoption.” About half of EVs registered as of last year were to “the 10% most Democratic counties, and about one-third to the top 5%,” the study notes. This suggests “it may be harder than previously believed to reach high levels of U.S. EV adoption.”
 
The dealers’ letter is an important political signal that progressive climate coercion isn’t as popular as Democrats think. Americans don’t like to be told what to do or what they must buy. As the dealers put it, “many people just want to make their own choice about what vehicle is right for them.” Imagine that.
 

Right wing, fossil fuel propaganda. Less than 20% of dealerships signed that letter.

Meanwhile EV sales growth is blowing the doors off of ICE 26% to 1.6% YOY. And of course a chunk of that 1.6% is due to the growth of EV sales as they are included in that number.

Plug-In Vehicle Sales

A total of 112,483 plug-in vehicles (91,537 BEVs and 20,946 PHEVs) were sold during October 2023 in the United States, up 25.9% from the sales in October 2022. PEVs captured 9.37% of total LDV sales this month.

U.S. vehicle sales fell modestly in October

• U.S. vehicle sales fell 1.1% month-on-month (m/m) to 15.5 million (annualized) units in October – coming in below consensus expectations for 15.6 million units.
• Unadjusted sales volumes were 1.20 million units or 1.6% above year-ago levels.

The total U.S. supply of available unsold new vehicles climbed to 2.40 million units. That is up 62%, or 919,000 units, from the same time a year ago.Nov 9, 2023

 

Edited November 30, 2023 by Jay McKinsey

[Rob Plant + 2,756]

The problem is Mark that you will find an article written by a journalist who is trying to sell a story and you fall for their BS every single time! Why cant you actually read what is said and then fact check it before commenting or posting?

You seem to refuse to do research on any topic whatsoever and just keep spouting the same thing without any data or facts to back it up. Jay has once again debunked your post by using data and current facts not some journalists opinion that happens to strike a chord with your own!

[Jay McKinsey + 1,490]

19 hours ago, Eyes Wide Open said:

The article below really opens up the entire debacle, it seems quite apparent large automotive manufacturers sold there countrymen out merely to gain access to the enormous Chinese market. Electrification of the auto industry is nothing more than a deal made in hell

If the EU takes action against China, it would be a big mistake - in Germany they would call it an own goal.

The China market is more than 20 million new vehicles and the EU is closer to 15 million. So we're losing a big China market by saving maybe 5%, say 750,000 new cars a year. These new cars are also Japanese, U.S. and Korean cars, not just European,” Dudenhoeffer said.

 

https://www.forbes.com/sites/neilwinton/2023/06/26/french-desire-for-eu-protection-from-chinas-electric-cars-irks-germany/?sh=2c9568185c78

 

 

https://www.politico.eu/article/brussels-officially-starts-probe-into-chinese-electric-vehicles/

Brussels officially starts probe into Chinese electric vehicles

European Commission investigation follows pressure from the French government.

The probe is on the Commission’s own initiative, a so-called ex-officio investigation, instead of being triggered following a formal complaint from the EU industry, as is usually the case. It was announced by Commission President Ursula von der Leyen in her State of the European Union address last month, when she warned that global markets were being “flooded” with cheaper Chinese electric cars.

The investigation followed pressure from the French government, which is pushing to strengthen Europe’s industrial defenses against China’s fast-growing electric vehicle industry. But it has sparked concern in Germany, whose auto industry is heavily exposed to the Chinese market, that Beijing could retaliate — sparking a tit-for-tat cycle that could escalate into a full-scale trade war.

This all goes by an obscure name called Capitalism. Glad to hear that you are a Socialist.

Edited November 30, 2023 by Jay McKinsey

[Eyes Wide Open + 3,555]

2 hours ago, Jay McKinsey said:

This all goes by an obscure name called Capitalism. Glad to hear that you are a Socialist.

Ya Don't say....Jay you need a rest. Your gaffing at Biden's rate. Now thats something.

 

Why Is Nio Losing $35K Per Car As Chinese Imports To Europe Surge?

Chinese EV brands like Nio, XPeng, and others can afford to bleed money since the Chinese state is subsidizing them, NYT reports.

None of Nio's operations are profitable, though. The "secret" to Nio's success – and many other EV makers from China – is government backing. That is exactly what the EU has set out to prove with its probe into subsidy-backed Chinese EVs available in Europe.

With virtually limitless cash at their disposal, Nio and other Chinese EV makers can withstand big losses and keep growing.

https://insideevs.com/news/690533/why-is-nio-losing-35000-usd-per-car-as-chinese-imports-europe-surge/

Edited November 30, 2023 by Eyes Wide Open

[Jay McKinsey + 1,490]

23 hours ago, markslawson said:

Most of you would have see n this right? It goes with a whole slew of announcements about e-car makers cutting back on production due to slowing sales.

The actual article is from the Wall Street Journal and is behind a paywall, but here is the gist of it from a newsletter

You can subsidize a buyer into the auto showroom, but you can’t make him buy. That’s the word from some 3,900 car dealers across the country who on Tuesday wrote President Biden that electric vehicles are piling up unsold on their lots. They want relief from his onerous and unrealistic EV sales mandate.
 
“There are many excellent battery electric vehicles available for consumers to purchase,” the dealers write in their letter to the President. But they add that “electric vehicle demand today is not keeping up with the large influx of BEVs arriving at our dealerships prompted by the current regulations,” and “BEVs are stacking up on our lots.”
 
Dealers have a 103-day supply of EVs compared to 56 days for all cars. It takes them on average 65 days to sell an EV, about twice as long as for gas-powered cars. EV sales are slowing though manufacturers have slashed prices and increased discounts. Consumers paid on average $50,683 for an EV in September, compared to $65,000 a year ago.
 
The reason, as the dealers explain, is that “early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell.” But most consumers aren’t “ready to make the change,” in part because EVs are still too expensive. Many apartment renters also don’t have garages for home charging, and public charging networks are spotty with one in four not functional, according to one study.
 
“Customers are also concerned about the loss of driving range in cold or hot weather,” the auto dealers say. “Some have long daily commutes and don’t have the extra time to charge the battery. Truck buyers are especially put off by the dramatic loss of range when towing.”
 
The dealers want the Administration to “tap the brakes” on its proposed tailpipe emissions rules that would effectively mandate that EVs comprise two-thirds of car sales by 2032. Auto makers might meet the government’s quotas in leftwing cities where Teslas are a political fashion statement, but price and convenience matter more elsewhere.
 
A new study from the University of California, Berkeley’s Energy Institute at Haas finds a “strong and enduring correlation between political ideology and U.S. EV adoption.” About half of EVs registered as of last year were to “the 10% most Democratic counties, and about one-third to the top 5%,” the study notes. This suggests “it may be harder than previously believed to reach high levels of U.S. EV adoption.”
 
The dealers’ letter is an important political signal that progressive climate coercion isn’t as popular as Democrats think. Americans don’t like to be told what to do or what they must buy. As the dealers put it, “many people just want to make their own choice about what vehicle is right for them.” Imagine that.
 

Australia: Electric Vehicles Exceed 10% of Auto Sales for First Time!

2 months agoDavid Waterworth

 

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

---

Out of the 110,000 vehicles sold in Australia in September 2023, 10.6% came with a plug. Approximately 8% of these (8,821 units sold) were battery electric and 2% (1,264 units sold) were plugin hybrid EVs. The Tesla Model Y was once again the highest selling BEV and SUV, and third overall, coming in just behind the Toyota Hilux and the Ford Ranger. Finally, Australia exceeds 10% EV market share!

[markslawson + 1,058]

13 hours ago, Rob Plant said:

The problem is Mark that you will find an article written by a journalist who is trying to sell a story and you fall for their BS every single time! Why cant you actually read what is said and then fact check it before commenting or posting?

 

27 minutes ago, Jay McKinsey said:

Out of the 110,000 vehicles sold in Australia in September 2023, 10.6% came with a plug. Approximately 8% of these (8,821 units sold) were battery electric and 2% (1,264 units sold) were plugin hybrid EVs.

Guys! Guys! I thought you must have known all this. There have been a slew of announcements on this very point in the past few months, so you can't really dismiss it as a fossil fuel thing. It is now widely acknowledged that e-car sales are slowing and may, in fact, be hitting a major wall. This is the bulk of an article I wrote for the Australian issue of the Spectator. This should answer most of your questions, including Jay's point about the Australian sales. There would a way yet to go with the Aus sales as there was little supply until recently. 

Although it is thought that the (world) market has a way to grow yet, and there are  plenty of orders for still pricy models, a distinct slowing in sales has resulted in a slew of announcements by major car makers re-considering EV production. 
Ford was the first to fold, after dealers proved unenthusiastic about the company’s electric Mustang, the Mach-E. In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year and abandoned a 2026 target to build 2 million EVs.
As reported in the publication Drive in October (in Australia) Ford now considers the Mach-E, priced at $A79,990 and up plus on-road costs when it turns up in Australian showrooms at the end of this year, as a niche item unlikely to challenge the Tesla Model Y (starting at $A65,400 plus on road costs). Ford has also postponed a $US12 billion investment in EV production, including a planned battery factory in Kentucky, and estimates that it will lose $4 billion for the year on its electric car business.
Over at General Motors CEO Mary Barra, a major champion of electric vehicles,  announced with GM’s quarterly results released in October that the company was abandoning its targets to build 100,000 EVs in the second half of this year and another 400,000 by the first six months of 2024. GM does not know when it will hit those targets.
At the about the same time Honda scrapped plans with GM to co-develop EVs worth less than $US30,000 and Toyota Motor Chairman Akio Toyoda, a long term sceptic of pure-electric cars declared that "People are finally seeing reality".
Mercedes-Benz has revealed that it has to discount its EVs by several thousand dollars just to get them in customers' hands and chief financial officer Harald Wilhelm had declared that the EV sector was “a pretty brutal space". Ford is considering cutting shifts at its F-150 Lightning plant and Nissan is switching resources from EVs to hybrids.
All of those developments and others in the electric car space have the same root cause, the upward march of e-car sales which the car industry had managed to convince itself would last until all new car sales were electric has slowed to the point where even EV market darling Tesla has raised red flags, with sales slowing in the September quarter.
That the market would hit a sales speed bump should have been obvious to car industry analysts before this year. When Tesla founders Martin Eberhard and Marc Tarpenning did market research for their nascent company in 2003 (Musk provided much of the seed funding and initially served as chairman before taking full control), by touring the streets of wealthy suburbs they realised that the hybrid Prius, the badge of environmental honour of the day, was often the second car. Households would have a Porsche and a Prius, or a BMW and a Prius.

The insight of the Tesla founders was to sell e-cars to the wealthy rather than follow the first instinct of car companies of aiming for the mass of consumers. They assumed that the enthusiasm for e-cars would eventually trickle down to the larger markets, but this process has proved far slower than expected. As matters stand the mass of car buyers do not have the budget for a pricy car with limited range and tied to a recharging network that remains rudimentary in many countries. The widespread cost of living crisis has not helped.
A closer look at some the sales figures shows the problem may be even worse that the automotive industry fears. Car sales for the UK in September by the Society of Motor Manufacturers and Traders showed a 21 per cent increase in the market mostly thanks to a 40.8 increase in fleet registrations. Full-electric battery-powered cars (BEVs) sales also increased, albeit at a more modest 18.9 per cent, but that increase was driven entirely by sales to company and organisation fleets, where those purchases would have been dictated by corporate environmental targets. SMMT estimates that less than one in 10 private buyers opted for an electric car.

In Australia, where there were no significant EV sales until perhaps the end of last decade due to lack of supply, there are still plenty of wealthy consumers ready to signal their green virtue. At about the time of the Albanese government election in 2002, electric cars accounted for about 3 per cent of the light vehicle market (this includes vans and utilities which have no electric models in Australia). With plenty of EVs now reaching Australia they account for 7.7 per cent of the light vehicle market; Hybrids take another 10 per cent. An analysis of sales data by the Federal Chamber of Automotive Industries (FCAI) also shows that in 2022 the bulk of Australia EV buyers were individuals.
 

[Jay McKinsey + 1,490]

54 minutes ago, markslawson said:

 

Guys! Guys! I thought you must have known all this. There have been a slew of announcements on this very point in the past few months, so you can't really dismiss it as a fossil fuel thing. It is now widely acknowledged that e-car sales are slowing and may, in fact, be hitting a major wall. This is the bulk of an article I wrote for the Australian issue of the Spectator. This should answer most of your questions, including Jay's point about the Australian sales. There would a way yet to go with the Aus sales as there was little supply until recently. 

Although it is thought that the (world) market has a way to grow yet, and there are  plenty of orders for still pricy models, a distinct slowing in sales has resulted in a slew of announcements by major car makers re-considering EV production. 
Ford was the first to fold, after dealers proved unenthusiastic about the company’s electric Mustang, the Mach-E. In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year and abandoned a 2026 target to build 2 million EVs.
As reported in the publication Drive in October (in Australia) Ford now considers the Mach-E, priced at $A79,990 and up plus on-road costs when it turns up in Australian showrooms at the end of this year, as a niche item unlikely to challenge the Tesla Model Y (starting at $A65,400 plus on road costs). Ford has also postponed a $US12 billion investment in EV production, including a planned battery factory in Kentucky, and estimates that it will lose $4 billion for the year on its electric car business.
Over at General Motors CEO Mary Barra, a major champion of electric vehicles,  announced with GM’s quarterly results released in October that the company was abandoning its targets to build 100,000 EVs in the second half of this year and another 400,000 by the first six months of 2024. GM does not know when it will hit those targets.
At the about the same time Honda scrapped plans with GM to co-develop EVs worth less than $US30,000 and Toyota Motor Chairman Akio Toyoda, a long term sceptic of pure-electric cars declared that "People are finally seeing reality".
Mercedes-Benz has revealed that it has to discount its EVs by several thousand dollars just to get them in customers' hands and chief financial officer Harald Wilhelm had declared that the EV sector was “a pretty brutal space". Ford is considering cutting shifts at its F-150 Lightning plant and Nissan is switching resources from EVs to hybrids.
All of those developments and others in the electric car space have the same root cause, the upward march of e-car sales which the car industry had managed to convince itself would last until all new car sales were electric has slowed to the point where even EV market darling Tesla has raised red flags, with sales slowing in the September quarter.
That the market would hit a sales speed bump should have been obvious to car industry analysts before this year. When Tesla founders Martin Eberhard and Marc Tarpenning did market research for their nascent company in 2003 (Musk provided much of the seed funding and initially served as chairman before taking full control), by touring the streets of wealthy suburbs they realised that the hybrid Prius, the badge of environmental honour of the day, was often the second car. Households would have a Porsche and a Prius, or a BMW and a Prius.

The insight of the Tesla founders was to sell e-cars to the wealthy rather than follow the first instinct of car companies of aiming for the mass of consumers. They assumed that the enthusiasm for e-cars would eventually trickle down to the larger markets, but this process has proved far slower than expected. As matters stand the mass of car buyers do not have the budget for a pricy car with limited range and tied to a recharging network that remains rudimentary in many countries. The widespread cost of living crisis has not helped.
A closer look at some the sales figures shows the problem may be even worse that the automotive industry fears. Car sales for the UK in September by the Society of Motor Manufacturers and Traders showed a 21 per cent increase in the market mostly thanks to a 40.8 increase in fleet registrations. Full-electric battery-powered cars (BEVs) sales also increased, albeit at a more modest 18.9 per cent, but that increase was driven entirely by sales to company and organisation fleets, where those purchases would have been dictated by corporate environmental targets. SMMT estimates that less than one in 10 private buyers opted for an electric car.

In Australia, where there were no significant EV sales until perhaps the end of last decade due to lack of supply, there are still plenty of wealthy consumers ready to signal their green virtue. At about the time of the Albanese government election in 2002, electric cars accounted for about 3 per cent of the light vehicle market (this includes vans and utilities which have no electric models in Australia). With plenty of EVs now reaching Australia they account for 7.7 per cent of the light vehicle market; Hybrids take another 10 per cent. An analysis of sales data by the Federal Chamber of Automotive Industries (FCAI) also shows that in 2022 the bulk of Australia EV buyers were individuals.
 

So a ton of words to say that once supply arrived sales of EVs in Australia skyrocketed.

Mark your desperation is palpable.

Edited December 1, 2023 by Jay McKinsey

[Eyes Wide Open + 3,555]

4 hours ago, Jay McKinsey said:

So a ton of words to say that once supply arrived sales of EVs in Australia skyrocketed.

Mark your desperation is palpable.

Ancient Chinese secret...breathe deeply and relax. Your not the only individual involved in this debacle.

 

Edited December 1, 2023 by Eyes Wide Open

[Rob Plant + 2,756]

9 hours ago, markslawson said:

There would a way yet to go with the Aus sales as there was little supply until recently. 

So there were no EV's on the lot so EV's were a disaster and not selling (no sh*t Sherlock!)

Now they are on the lots and the sales go through the roof, go figure!

[Ecocharger + 1,477]

On 11/30/2023 at 5:11 AM, Rob Plant said:

The problem is Mark that you will find an article written by a journalist who is trying to sell a story and you fall for their BS every single time! Why cant you actually read what is said and then fact check it before commenting or posting?

You seem to refuse to do research on any topic whatsoever and just keep spouting the same thing without any data or facts to back it up. Jay has once again debunked your post by using data and current facts not some journalists opinion that happens to strike a chord with your own!

Rob, YoY is not current facts, the EV sales problem is just in the last six months or so, therefore not captured in a YoY tally.

Going forward expect an intensification of EV sales problems as the high interest rates continue.

Fossil fuel cars again have lower unsold inventory, showing greater resilience to the recession.

[Ecocharger + 1,477]

On 11/30/2023 at 2:30 PM, Jay McKinsey said:

This all goes by an obscure name called Capitalism. Glad to hear that you are a Socialist.

They call it "dirigism" when the government tells you what to buy.

Another name for "dictatorship"...America has had few would-be dictators.

[Ecocharger + 1,477]

20 hours ago, Jay McKinsey said:

Australia: Electric Vehicles Exceed 10% of Auto Sales for First Time!

2 months agoDavid Waterworth

 

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

---

Out of the 110,000 vehicles sold in Australia in September 2023, 10.6% came with a plug. Approximately 8% of these (8,821 units sold) were battery electric and 2% (1,264 units sold) were plugin hybrid EVs. The Tesla Model Y was once again the highest selling BEV and SUV, and third overall, coming in just behind the Toyota Hilux and the Ford Ranger. Finally, Australia exceeds 10% EV market share!

So what is the actual BEV share? That article seems to obscure the numbers.

[notsonice + 1,255]

11 minutes ago, Ecocharger said:

So what is the actual BEV share? That article seems to obscure the numbers.

can you read????????????

Approximately 8% of these (8,821 units sold) were battery electric and 2% (1,264 units sold) were plugin hybrid EVs

[Ecocharger + 1,477]

19 hours ago, Jay McKinsey said:

So a ton of words to say that once supply arrived sales of EVs in Australia skyrocketed.

Mark your desperation is palpable.

The recent crisis of EV non-sales is the end of the EV revolution.

Jay your desperation is palpable.

[Jay McKinsey + 1,490]

18 minutes ago, Ecocharger said:

The recent crisis of EV non-sales is the end of the EV revolution.

Jay your desperation is palpable.

I just report the numbers and they don't show any problem with sales.

Plug-In Vehicle Sales

A total of 112,483 plug-in vehicles (91,537 BEVs and 20,946 PHEVs) were sold during October 2023 in the United States, up 25.9% from the sales in October 2022. PEVs captured 9.37% of total LDV sales this month.

And Australia just set a new record for EV sales.

34 minutes ago, Ecocharger said:

So what is the actual BEV share? That article seems to obscure the numbers.

You are the one who obscures the numbers. The article clearly states the BEV share in the second sentence you dumb fool.

Edited December 1, 2023 by Jay McKinsey

[Jay McKinsey + 1,490]

39 minutes ago, Ecocharger said:

They call it "dirigism" when the government tells you what to buy.

Another name for "dictatorship"...America has had few would-be dictators.

Mainly just Trump.

[Jay McKinsey + 1,490]

41 minutes ago, Ecocharger said:

Rob, YoY is not current facts, the EV sales problem is just in the last six months or so, therefore not captured in a YoY tally.

Going forward expect an intensification of EV sales problems as the high interest rates continue.

Fossil fuel cars again have lower unsold inventory, showing greater resilience to the recession.

YoY absolutely captures current facts, it is the primary metric for car sales. If there is a current problem it will absolutely show up in the YoY numbers. Good grief!!!

[Jay McKinsey + 1,490]

Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3

Electric vehicle (EV) sales volumes set another record in Q3, as total sales of battery-powered vehicles jumped past 300,000 for the first time in the U.S. market. Year-to-date EV sales through September reached just over 873,000, putting the market firmly on track to surpass 1 million for the first time ever. The milestone will likely be achieved in November.

Total EV sales in Q3, according to an estimate from Kelley Blue Book, hit 313,086, a 49.8% increase from the same period one year ago and an increase from the 298,039 sold in Q2

https://www.coxautoinc.com/market-insights/q3-2023-ev-sales/

[markslawson + 1,058]

22 hours ago, Jay McKinsey said:

So a ton of words to say that once supply arrived sales of EVs in Australia skyrocketed.

Mark your desperation is palpable.

Jay - you've missed the point. There is a certain demand for EVs out there. No one is denying that. The problem is that it is limited to the rich green conscious and not much else. The problem was that those involved in EVs thought it was much broader. The rich and green couldn't buy EVs in Australia until recently, hence the current surge. As this is getting repetitious I'll leave it with you. 

[markslawson + 1,058]

14 hours ago, Rob Plant said:

So there were no EV's on the lot so EV's were a disaster and not selling (no sh*t Sherlock!)

Now they are on the lots and the sales go through the roof, go figure!

Yes that's right. In Australia the story is different because supply was not there until recently. So we can expect a surge until the market segment saturates, as it seems to be doing in the rest of the developed world. Also see the answer I gave to Jay. 

In the meantime here is another excerpt from a story in my old paper the AFR.. (the full article is behind a paywall)

London | Carmakers in leading western markets have significantly increased the range and scale of discounts they offer on electric vehicles in a bid to counter weaker-than-expected appetite for battery models among mainstream buyers.

Sales and financial data compiled by HSBC shows carmakers are, for the first time, having to offer deals on battery models in order to shift vehicles that previously had months-long waiting lists.

In the UK, the average discount in October was 11 per cent below the recommended retail price. In the US, discounts on EVs were at 10 per cent. A year ago, discounts were barely offered in Germany where companies are now cutting prices about 7 per cent to attract buyers.

Rising prices, negative publicity around charging and safety, political attacks on EVs as well as greater caution from mass-market buyers have contributed to a sharp deceleration in sales growth.

   

[notsonice + 1,255]

11 minutes ago, markslawson said:

Jay - you've missed the point. There is a certain demand for EVs out there. No one is denying that. The problem is that it is limited to the rich green conscious and not much else. The problem was that those involved in EVs thought it was much broader. The rich and green couldn't buy EVs in Australia until recently, hence the current surge. As this is getting repetitious I'll leave it with you. 

it is limited to the rich green conscious and not much else???? not in the Good Ole USA nor in China

VW ID4 All Wheel Drive dual motor is priced these days the same as any ICE all wheel drive  SUV.....and if you have noticed the ID4 is an SUV

 

 all the majors with US producers with US production facilities are bringing similar models at better prices onto the showrooms right now into 2024 and 2025

 

price of lithium carb drop through the floor this year....plus everyone switched to LFP batteries .so much more room for Automakers to drop the prices further.....

Only someone in denial would think an average American is not able to afford an EV these days....

an take into account less maintenance and much less fuel costs............

2024 is shaping up to a 15 to 20 percent EV market share in the US

 

enjoy eating crow

Edited December 1, 2023 by notsonice

[markslawson + 1,058]

2 hours ago, Jay McKinsey said:

Electric vehicle (EV) sales volumes set another record in Q3, as total sales of battery-powered vehicles jumped past 300,000 for the first time in the U.S. market. Year-to-date EV sales through September reached just over 873,000, putting the market firmly on track to surpass 1 million for the first time ever. The milestone will likely be achieved in November.

Again you haven't understood the point I'm making. Sure sales may still being increasing but manufacturers are realising the market is approaching saturation. Here is part of an article that says it all.. 

a story in my old paper the AFR.. (the full article is behind a paywall)

London | Carmakers in leading western markets have significantly increased the range and scale of discounts they offer on electric vehicles in a bid to counter weaker-than-expected appetite for battery models among mainstream buyers.

Sales and financial data compiled by HSBC shows carmakers are, for the first time, having to offer deals on battery models in order to shift vehicles that previously had months-long waiting lists.

In the UK, the average discount in October was 11 per cent below the recommended retail price. In the US, discounts on EVs were at 10 per cent. A year ago, discounts were barely offered in Germany where companies are now cutting prices about 7 per cent to attract buyers.

Rising prices, negative publicity around charging and safety, political attacks on EVs as well as greater caution from mass-market buyers have contributed to a sharp deceleration in sales growth.

 

[notsonice + 1,255]

1 minute ago, markslawson said:

Again you haven't understood the point I'm making. Sure sales may still being increasing but manufacturers are realising the market is approaching saturation. Here is part of an article that says it all.. 

a story in my old paper the AFR.. (the full article is behind a paywall)

London | Carmakers in leading western markets have significantly increased the range and scale of discounts they offer on electric vehicles in a bid to counter weaker-than-expected appetite for battery models among mainstream buyers.

Sales and financial data compiled by HSBC shows carmakers are, for the first time, having to offer deals on battery models in order to shift vehicles that previously had months-long waiting lists.

In the UK, the average discount in October was 11 per cent below the recommended retail price. In the US, discounts on EVs were at 10 per cent. A year ago, discounts were barely offered in Germany where companies are now cutting prices about 7 per cent to attract buyers.

Rising prices, negative publicity around charging and safety, political attacks on EVs as well as greater caution from mass-market buyers have contributed to a sharp deceleration in sales growth.

 

manufacturers are realising the market is approaching saturation?????
 

you are clueless