Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 next last
To: immadashell

...”He who hesitates is usually right”


41 posted on 10/30/2023 11:56:18 AM PDT by JJBookman (Democrats = Party of electric delusion)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Reverend Wright

It is a very bad idea to make global warming true believer the head of a car company. Mary Barra Is a global warming true believer.


42 posted on 10/30/2023 11:56:22 AM PDT by gibsonguy ( )
[ Post Reply | Private Reply | To 16 | View Replies]

To: Signalman

The blush came off the EV rose pretty quick!


43 posted on 10/30/2023 11:57:18 AM PDT by JJBookman (Democrats = Party of shocked delusion)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JohnEBoy

How many middle class homes have electrical service necessary to charge EVs?how much does the upgrade cost?


44 posted on 10/30/2023 11:59:01 AM PDT by griswold3 (Truth, Beauty and Goodness )
[ Post Reply | Private Reply | To 25 | View Replies]

To: JohnEBoy

Excellent list! Thanks, JohnEBoy.


45 posted on 10/30/2023 12:05:13 PM PDT by poconopundit (Kayleigh the Shillelagh, I'm disappointed in you....)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Signalman
There has to be more to this story. Lack of consumer demand was never an issue before because the Democrats intend to force taxpayers to subsidize drivers.

It's more likely shortages of critical materials that would drive the price up beyond what even a corrupt government could force someone to pay.

46 posted on 10/30/2023 12:12:32 PM PDT by T.B. Yoits
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman

Without massive subsidies from the government, there never would have been much demand.

For around town, I can see how an EV would work pretty well - for a while. Until you need to replace the battery that is. Then? It may be cheaper to throw it in the trash and buy a whole new vehicle. I’m open to corrections.


47 posted on 10/30/2023 12:23:13 PM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Signalman

The administrative state is directly or indirectly forcing companies to produce cars nobody wants, appliances nobody want, movies (think Disney) nobody wants, choose advertising spokesmen nobody wants, etc. The administrative state has become the dictator of what the consumer is allowed buy. They tell us this control is needed to save the world.


48 posted on 10/30/2023 12:29:25 PM PDT by alternatives?
[ Post Reply | Private Reply | To 1 | View Replies]

To: Iceclimber58

My brother is a cowboy, and he had horses throughout his life. I was a teenager when he was riding his first new horse to buy. I was walking along side of him, when the horse stumbled, lost his balance and stepped on my right foot.

After removing my boot and sock, he left a perfect impression of his horseshoe on my foot.


49 posted on 10/30/2023 12:33:21 PM PDT by Deaf and Discerning (If you find horseshoes, some poor horse is walking around in his socks. )
[ Post Reply | Private Reply | To 19 | View Replies]

To: T.B. Yoits
Nope, it's a demand falling off a cliff issue.

Plenty of EV’s being built all over the place. Those who want them, generally already have them.

Those who will be forced to drive them are holding out until the end in case the wind changes direction.

Most people are wary of the new tech, and rightfully so.

50 posted on 10/30/2023 12:38:27 PM PDT by Pox (Eff You China. Buy American!)
[ Post Reply | Private Reply | To 46 | View Replies]

To: immadashell
Procrastination has its benefits.

The early bird get the worm - but the early worm dies.

51 posted on 10/30/2023 12:41:04 PM PDT by GOPJ (The reason Biden won't protect our border is he wants cash kickbacks for doing it. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: Reverend Wright; rlmorel; V K Lee; GOPJ; Liz; SunkenCiv; conservatism_IS_compassion; jacknhoo; ...
GM has ignored buyer and dealer input before when doing major vehicle launches... In this case, their “experts” are telling them that the future is autonomous and EV.

* * * *

Good analysis, Reverend Wright.  A 19th century reverend and philosopher, Ralph Waldo Emerson, had some things to say about trying to force feed consumers and citizens:


52 posted on 10/30/2023 12:44:47 PM PDT by poconopundit (Kayleigh the Shillelagh, I'm disappointed in you....)
[ Post Reply | Private Reply | To 16 | View Replies]

To: gibsonguy

She would have never been appointed or would have been forced out if she denied global warming.


53 posted on 10/30/2023 12:54:16 PM PDT by Reverend Wright ( Everything touched by progressives, dies !)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Signalman

Eighteen? Just enough for the collectors…though they might not want to park them near their ICE cars…


54 posted on 10/30/2023 12:57:26 PM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: poconopundit

That Emerson material is interesting about unchanging human nature.

In GM’s case, they repeatedly make forecast dependent decisions, when the forecasts of their “experts” is wrong.

In the 1980’s the wrong forecast was that oil prices would keep rising, and gov’t would force higher fuel mileage.

Mary Barra thinks that the future is EV and autonomous, and the gov’t will force it.

She is just Roger Smith in a pantsuit.


55 posted on 10/30/2023 12:59:36 PM PDT by Reverend Wright ( Everything touched by progressives, dies !)
[ Post Reply | Private Reply | To 52 | View Replies]

To: Pox
Nope, it's a demand falling off a cliff issue.

-The cars could be low demand; that wouldn't stop them.
-The cars could be dangerous; that wouldn't stop them.
-The cars could be grossly inefficient; that wouldn't stop them.
-The cars could be dangerous; that wouldn't stop them.
-The cars could be unrecycleable; that wouldn't stop them.
etc.

...but the one thing that would stop them is if they couldn't actually make the car, and that points to materials. Knowing the key differences in materials between combustion engine cars and battery cars is the material in the batteries, it's likely the cause.

56 posted on 10/30/2023 2:19:27 PM PDT by T.B. Yoits
[ Post Reply | Private Reply | To 50 | View Replies]

To: T.B. Yoits
You're completely backwards on this, for whatever reason.

They're stopping because they cannot allow more and more unsold vehicles to pile up. It's really that simple. Why waste so much time and money creating things that will not get sold?

It's not a likely cause issue. These people are telling you straight to your face exactly why.

Go talk to local car salespersons that sell EV’s from those makers and you'll quickly understand it is not a lack of materials issue. Far from it.

Demand was there, but is no more.

57 posted on 10/30/2023 2:24:30 PM PDT by Pox (Eff You China. Buy American!)
[ Post Reply | Private Reply | To 56 | View Replies]

To: Signalman

What would the demand be without all of the subsidies?

You have to be rich to afford them even with the subsidies...so it may not even make a difference. This is just the poor being forced to pay for the cars of the rich. That should be the campaign message against these policies - and it is far more accurate than the Democrats calling mutilating surgeries to minor children and partial-birth abortions “Republicans interfering with private health care decisions.”


58 posted on 10/30/2023 2:34:41 PM PDT by Republican Wildcat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fresh Wind
1976 530i

My first BMW. I would take that car over that electric POS anyday of the week and twice on Sundays. Yes it was that color green which made it that much cooler.

59 posted on 10/30/2023 2:39:28 PM PDT by mund1011 (We can ignore reality, but we cannot ignore the consequences of ignoring reality)
[ Post Reply | Private Reply | To 34 | View Replies]

To: JayGalt

“A wonderful plug in car that can burn down your house. One that will soon be banned from public garages, tunnels & ferries. One that you soon won’t be able to get insurance for One that costs the equivalent of $17/gallon...”

Too funny.
I get it, you don’t want one.

I don’t drive my “other” car in tunnels, ride on ferries, or park it in garages. I drive it on nice days with the top down, go to get ice cream cones with the kiddos, or just wash it in the driveway and make the neighbors jealous.

My actual Golf Cart, now with chubby tires and a trusty log splitter bolted on the back, has never burst into flames, neither has my battery operated lift.

Current EVs are not ready for prime time, but there are lots of uses for a vehicle with the simplicity of a plug-in.

Forklift batteries last for for quite some time.
Isn’t Lithium for Psychotics?

Peace to you Brother Gone Galt.
What would Henry Taggart say?


60 posted on 10/30/2023 3:08:44 PM PDT by Macoozie (Handcuffs and Orange Jumpsuits)
[ Post Reply | Private Reply | To 20 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson