This could be updated to "Hell's New Car Dealerships".
Posted on 07/11/2023 2:57:37 PM PDT by Oldeconomybuyer
DETROIT (Reuters) -The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data.
Rising inventories and price-cutting could represent only a short-term pause in EV market growth. But they could be signals that boosting U.S. EV sales above the current 7% market share level will be more costly and difficult than expected, even with federal and state subsidies.
(Excerpt) Read more at msn.com ...
Supposedly 17% of current EV drivers would not buy another EV next time.
I wait for the other shoe to drop about recalls, lessons learned from the first few years by the company as owners wish they had waited, and mysterious things like certain problems for the batteries (maybe like the piano tuners telling people in California in homes on the beach areas “You’ll have to have it tuned sooner than average. The fine sand in the air near the humid conditions by the beach cause it to go out of tune.”
Next could be “the subzero weather here caused the batteries to wear out sooner.”
Correction: the subsidies are one of the reasons for the higher costs. EV's are like everything else: government "help" lowers quality and raises costs across the entire supply chain.
Saw one today in a used car lot between a Smart and a Pacer.
Who are the interim holders of title? They sell them to holding companies the second they roll out the factory door.
Who in their right mind would spend $70K to drive less distance, cost more to insure, can't go on long trips, or survive an accident? (Besides virtue signaling goof-balls)
Just purchased a new vehicle.
Great, lotsa gadgets, not cheap.
It also was NOT an electric one.
Reason: I don’t want to sit on my Obamahole “refueling” it every 200 or so miles whilst on a trip.
I don’t want range worry.
I don’t want to contribute to the destruction of the earth.
Oh, and I’m a EE - so nothing about these things impresses me yet - perhaps someday, but not now.
Journalism majors can purchase them. After all, they aren’t exactly friends with any kinds of science or engineering.
Hey, keep buying Rivian stock. Go ahead, do it.
OH, MOST SALVAGE YARDS WILL NOT TAKE EVS. HELLO MEDIA?
EV’s are not profitable to make for most manufacturers. Gas guzzlers are funding their production.
This is probably what has caused the issue to begin with. Normal R&D to make them more cost effective and more practical for consumers would be forced to occur. Yes, it would take longer - but in the long run, if such viability is possible, it would be more effective in all respects. Theoretically if they were more environmentally friendly, they have actually set this process back...further evidence it is about manipulation and control vs. supposed concern for the environment.
Taxpayers are.
You can lead a horse to water but you can’t make him drink.
surprised given all the success stories
Green Energy Transition is a bizarre and inefficient ideological-political social-engineering project, which was sustained and funded by massive government debt, zero interest rates, cheap oil (ironically), globalism and the rise of China, and the primacy of the USD
Since those things are all now reversing, this green energy transition is going to collapse.
And good luck with a flat tire...in the interests of fuel economy and weight there is no spare tire.
There is no market for used electric vehicles... An average gas guzzling vehicle will be sold multiple times over it’s lifespan. Think of it... There are still model T’s being sold today... How many times have those vehicles been sold, resold, taxed, retaxed, etc.? The tax revenue generated by Model T’s alone was enormous.
An EV is typically sold once, or maybe twice. After that... They’re junk. Think of the lost tax revenue, the lost gas tax revenue, the lost jobs. A future with nothing but EV’s is a nightmare scenario.
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