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GM Is Stalling EV Production Because Demand Is Falling Off
yahoo.com ^ | 10/18/2023 | Peter Holderith

Posted on 10/30/2023 11:04:15 AM PDT by Signalman

General Motors is building Silverado EVs. It delivered a whole 18 of them during the third quarter of this year. It planned to expand production beyond its Detroit-Hamtramck facility, also known as "Factory Zero", by 2024 to Orion Assembly where the Bolt EV is built, albeit not for much longer. That plan has now been pushed back to late 2025, and according to GM, the decision was not made due to any supply shortages, or even the ongoing United Auto Workers strike. It could be indicative of waning consumer enthusiasm for fully electric vehicles as a whole.

The automaker cited "evolving EV demand" and engineering improvements to the vehicle as causes for the delay. In a further statement to the Detroit Free Press, a spokesperson for the automaker expressed that "the trendline for EVs is stabilizing," going further to explain that demand is "not rising as fast as originally forecasted." That's bad news for an automaker that plans to completely electrify its lineup by 2035. Of course, it's far from the only car company with such goals.

There are plenty of ways to slice this pie, but any arguments pertaining to a lack of component supply are gradually growing thin. GM is producing more and more GMC Hummer EVs, Cadillac Lyriqs, and other electric models. It's even begun making its own battery cells at scale in Ohio, although there have been some considerable hiccups on site. The bottom line seems to be that the automaker believed it could sell a ton of electric cars and trucks, but it was too ambitious.

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: ev; evs; generalmotors; gm; gmevs
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To: Signalman

EV is nothing but puppies, kittens, kandy and unicorn farts for those twits who think they are saving the planet. It’s a status symbol, a look at me I care ego trip. when it’s more like, look at the money I pissed away.


21 posted on 10/30/2023 11:22:26 AM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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To: Deaf and Discerning

coming soon

uber rickshaw


22 posted on 10/30/2023 11:24:05 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Bubba_Leroy

If I bought an EV, I’d be paying for additional social engineering along with the sales tax and loan interest. Such a deal!


23 posted on 10/30/2023 11:24:37 AM PDT by equaviator (If 60 is the new 40 then 35 must be the new 15.)
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To: Bubba_Leroy

bingo!


24 posted on 10/30/2023 11:24:39 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Signalman

Why would people not be buying electric cars? Let us count the ways:

1. They tend to run about $10,000 more than a similar standard car.
2. They can spontaneously ignite. Once ignited, they are very difficult to put out.
3. Per no. 2, insurance companies are raising rates on EV’s.
4. They may be fine for tooling around town, to the store, etc. but they are a problem for cross-country travel. Charging stations are few and far between.
5. Clearly, the more people who own them, the more no.4 is a problem. See recent incident with Jennifer Granholm demonstrating “how easy it is” to travel and recharge. (Her people went ahead and blocked out a charging station from users in line, so she could arrive and charge immediately).
6. Replacement batteries tend to cost about half the price of the car.
7. Some very extensive infrastructure changes (some say impossible) are needed to make them truly functional and practical.


25 posted on 10/30/2023 11:24:54 AM PDT by JohnEBoy (I voted for Trump to be my president, not my pastor.)
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To: Signalman
do I really have to say it???


26 posted on 10/30/2023 11:26:11 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Signalman

Same Tesla owner had a car fire TWICE in one day....
https://www.youtube.com/watch?v=2UAAnD3ydLE

Alert to park 50 feet away from your house or other vehicles if flooding in area.....”days to weeks later”
https://www.youtube.com/watch?v=LwraIqtRFqM

Fiery EV car after an accident....
https://www.youtube.com/watch?v=72y6imzcHSQ


27 posted on 10/30/2023 11:27:47 AM PDT by frank ballenger (“My job is to inform, not to convince.” St. Bernadette Soubirous )
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To: Signalman

By June 2024 it will be interesting to learn how many 2022 and 2023 models are still unsold


28 posted on 10/30/2023 11:29:13 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Signalman

The Biden Family will import millions of Chinese Communist Party EVs with their normal 10% cut


29 posted on 10/30/2023 11:29:23 AM PDT by butlerweave
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To: Signalman

If you are dumb and wealthy and want to virtue signal,you would buy a Tesla, not a GM or Ford EV. Ordinary people who require a reliable vehicle with range and durability do not buy EVs.


30 posted on 10/30/2023 11:30:33 AM PDT by allendale
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To: Signalman

No one wants to admit they wildly overestimated driver interest in EVs.


31 posted on 10/30/2023 11:32:14 AM PDT by lee martell
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To: Signalman

Right as Stellantis is just starting to build a second battery plant in Kokomo Indiana

Dumbasses


32 posted on 10/30/2023 11:32:31 AM PDT by digger48
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To: DIRTYSECRET

They will buy used cars and stealing parts from other states will be a big business. Soon California will look like Cuba with all the old cars on the road.


33 posted on 10/30/2023 11:34:41 AM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
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To: Zathras
I just heard a radio ad for BMW (Barbarian Motor Works). They're pushing a new line of EV models. They must be desparate, they are as ugly as a week old dead rat.


34 posted on 10/30/2023 11:36:41 AM PDT by Fresh Wind (Faux News: "We distort, you deride")
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To: digger48

Toyota are smart.


35 posted on 10/30/2023 11:37:08 AM PDT by hoosierham (Freedom isnt free)
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To: Signalman

I have been a skeptic because of three problems with EVs: deficient battery technology, and deficient energy production, and deficient infrastructure. (All the Global Warming issues are nonsense —red herrings.)

I appears that graphite nano-technology might be close to solving the first problem in the development of aluminum ion batteries, which act almost like super-capacitors, allowing quick recharges.


36 posted on 10/30/2023 11:37:54 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: JohnEBoy

What bank is going to finance a used EV when there’s a good chance the new owner will default when they can’t afford the replacement battery?


37 posted on 10/30/2023 11:38:24 AM PDT by digger48
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To: Jeff Chandler
and
38 posted on 10/30/2023 11:39:21 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: lee martell
No one wants to admit they wildly overestimated driver interest in EVs.

You would think they would have done some polling to determine potential buyers. If they did, I am guessing the poll questions were misleading and people said they would consider buying. If they did buy, it was likely a Tesla..

39 posted on 10/30/2023 11:48:51 AM PDT by EVO X ( )
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To: Signalman

Oversized electric golf cart fanbois hardest hit!


40 posted on 10/30/2023 11:50:26 AM PDT by doorgunner69 (When tyranny becomes law, rebellion becomes duty)
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