Posted on 09/10/2024 8:42:37 AM PDT by Red Badger
In yet another setback for the Biden-Harris regime’s push for electric vehicles, American consumers are showing a distinct lack of enthusiasm for purchasing new EVs. The latest Mobility Consumer Index (MCI) from consulting firm EY reveals a shocking drop in interest, with only 34% of US consumers planning to buy an electrified vehicle—down from 48% in 2023. This decline raises serious questions about the administration’s ability to force their “Electric Revolution” onto consumers.
Now, after seemingly rushing to promote electric vehicles as the future of transportation, the reality is hitting hard: fully electric vehicle interest has plummeted to a mere 11%, down from 22% just a year ago. What’s behind this sudden shift? Has the regime and their state-level proxies like California Governor Gavin Newsom failed to make their pitch?
“While we’ve seen substantial increases in interest and purchasing of EVs since 2020, this year’s MCI shows dips in demand for the first time,” – Steve Patton, EY Americas automotive leader.
Patton’s comments suggest that the administration’s narrative of a seamless transition to electric vehicles is crumbling. The supposed benefits of EVs are being overshadowed by the stark reality of their costs. A general manager from a Southern California dealership pointed out that while maintenance costs for EVs are allegedly lower, the initial expenses are “much higher” when it comes to body or structural repairs.
Interestingly, while J.D. Power’s recent survey indicated a drop in EV buying sentiment due to charging infrastructure concerns, EY’s findings show a slight improvement in that area. Only 24% of respondents now cite limited range as a top concern, down from 30% last year. Yet, the question remains: can the Biden-Harris administration truly claim success when the overall sentiment is still teetering on the edge of skepticism?
Another factor contributing to the decline in pure EV sales is the rising popularity of hybrids. EY’s survey found that 26% of US buyers prefer the flexibility of hybrid engines, compared to just 19% globally. This shift in consumer preference raises eyebrows about the administration’s singular focus on fully electric vehicles.
“For those who are looking to transition due to the environment, hybrids allow owners to lessen their reliance on fuel and creates options for batteries and parts. For many, it’s a win-win.” – Raman Ram, EY Americas aerospace, defense, and mobility leader.
The findings from EY’s report paint a damning picture for the future of EVs in America. The transition to electric vehicles is proving to be anything but smooth, and the administration’s failure to address consumer concerns could have dire consequences for mass EV adoption. As we look ahead, one must wonder: will the Biden-Harris administration pivot to embrace hybrids, or will they continue to push a one-size-fits-all approach that leaves consumers in the dust?
Likely sold rather than foot the bill for a battery replacement,,
Yep.
Actually, I have an electric scooter..not a mobility one.. but a regular e-scooter. Use it to go a mile to work and a mile to go shopping.
Almost everybody who WANTS an electric vehicle powered by a bank of rechargeable cell batteries has bought one. Some are supremely satisfied, others treat them as the appliance they are, and those who are disappointed are greatly and vocally outspoken in their condemnation.
If only the builders of these battery-powered electric vehicles could come up with an on-board electrical generation system, that produced the energy as needed, and do it reliably with relatively inexpensive fuel costs, then this system could stand a good chance of wide adoption.
Electric traction drive is actually a pretty good system, as the power could be directed to each wheel in a coordinated power management computer system, as the wheels are turning at four different rates of speed while negotiating a corner, which with controlled power application, makes the negotiation of a curve much more controlled with a static friction grip of the road all around, rather than even a four-wheel drift, relying in sliding friction of the tires.
Also, weight distribution of the power train in relation to the unloaded and loaded conditions of the vehicle would be much more even, which could provide for a highly tuned suspension system and steering precision.
“they have Six Ways to Sunday.”
Two ways other countries have used.
Increase mileage standards that raise price and decrease reliability and durability
Increase property taxes as cars age (environment tax)
Indians love Teslas. Almost all the Indians in my subdivision drive them.
I guess that depends. My wife and I drive about 15K miles per year on home charged miles, not counting the 11K to 12K other miles on trips (almost all of our trips happen to have a lot of fast charging options). Just with local driving, we rarely go past the range of the EV (or we take the gas pickup instead). Is that the same for the local fleets and airport taxis? Will they be able to charge at relatively slow Level 2 charging at their work base during the night, or do they drive enough to require fast charging in the middle of the day? If it's the latter, then an EV is impractical.
For my wife and me, bonus points is that we have lots of solar at home and we're usually home during part of the day. For us, about 8K miles per year is about the threshold for if an EV's gas savings and oil change savings are worth it. Without solar, about 12K or so miles per year is the threshold (based on year 2022 EV vs ICE prices, combined with electrician setup costs in Alabama and gasoline prices vs home power prices in Alabama in 2022).
By "worth it" I'm meaning it more than pay for itself by the time you have to replace the EV's battery in 10 years. Along with higher monthly insurance premiums (ours went up by $70 to do full coverage on the new EV, compared to liability only coverage on the old used ICE car it replaced). But almost no brake pad wear. Tires wear out faster in an EV (our EV crossover weighs about 10% more than the ICE crossover it replaced). And in Alabama I pay an annual $200 EV fee during car tag renewals to offset not having to pay gas taxes at the pump (sounds fair to me).
So lots of pro's and con's to list out before you know if an EV is financially beneficial -- and that's assuming you're in the market to replace one of your cars anyway.
One financial "pro" that's hard to quantify, but is important to me, is security in having options on energy for two different cars. In other words, assume we take a long road trip next year and we have lots of fast charging options along the way. Thus we can take either the EV car or the gas pickup. What if the Dims have messed up the grid or made power too expensive to use (to save us from our carbon sins)? Fine, we'll take the gas pickup. What if the Dims make gas $5/gallon again? Fine, we'll take the EV. It's very important to me that not all of our transportation eggs are sitting in one energy basket. Even if that energy basket is technically available, if the Dims have made it too expensive for practical use then they can limit some of our freedom to move. For this family they have to mess up both power and gasoline. And even if they do that, that'll impact only our long distance driving (81% of our power from our home is provided by solar, including charging the EV for local driving).
Perhaps. I've met a handful of Tesla owners who HATE, HATE, HATE, HATE, HATE their Tesla because they HATE, HATE, HATE, HATE Elon Musk's support for free speech and such. To them a Tesla was membership in the Musk clique.
That’s funny.
China already makes EV Kei trucks.
Respectable 1000kg payload and they have dump beds available. It’s a near perfect ranch truck. High enough clearance to go.into fields. 1000kg is a lot of range cubes or feed bags. You can charge it off solar panels so it never needs to see a gas pump. Even the largest ranch wouldn’t use 110km in a day out and back. Plus A.C. And one third the cost of a Polaris side by side. You can’t get one legally registered for road use in most states but they can be imported for off road use. The work around is register a LLC company in Wyoming then title and register it as a corporate low speed vehicle in WY you don’t need to be physically in WY they will.mail you plates and title then it’s legal on any none federal road via the equal protection clause because what’s legal to drive in WY is legal to drive on any other states road via reciprocity mandates. I know a couple of people who have these little trucks they are perfect for grocery getters in gated communities and also ranch use. My SxS Polaris is licenced and road legal out of WY with corporate WY papers and plates. Texas refuses to title and plate them by they must honor WY plates I love pissing local cops off with that fact. Just keep a copy of the corporate docs and current WY tags they have to let you go about your day. Nothing makes me happier than sticking it to the bureaucrats and their lap dogs the fuzz.
https://www.alibaba.com/product-detail/Low-speed-Hottest-Electric-Truck-Electric_1600443878519.html
Can you imagine what the prices will be for those used cars?
MY daughter bought a Tesla. She seems to learn everything the hard way....
Until they dramatically improve battery technology EVs are not going to be competitive with ICE vehicles and people will refuse to buy them.
Right now EVs are a rich man’s toy parked right next to their 2 ICE vehicles.
Resale value on all EVs must be horrible.
I am driving a 2012 Tacoma. I could probably sell it for $17-19K. I paid $30K.
I would never consider buying any EB more than 2-3 years old.
Especially, when the battery is only going to last 7-10 years.
A guy I work with bought a Tesla Y brand new. I asked him what he is going to do with it when the battery dies in seven years. He said: junk it.
CALIF will grind to a halt.
You should have studied harder.
THat'd be pretty sill - considering that Elon already got the money from them...
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