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Granholm: Slumping EV Demand Partially Due to Higher Prices, ‘Confusing’ Tax Incentives
Breitbart ^ | 01/27/2024 | Ian hatchett

Posted on 01/27/2024 7:18:28 AM PST by ChicagoConservative27

On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm stated that part of the reason for the slowdown in electric vehicle demand is due to the fact that they’re more expensive than gas cars and there’s “a confusing tax incentive market.”

Co-host Andrew Ross Sorkin asked, “[T]here’s been a big push, obviously, from government, and, frankly, I think we thought from the marketplace, for EVs and what that would ultimately do to the interests of oil and what not. However, there is clearly a slowdown taking place, and we’re seeing it, by the way, Tesla stock is down, even as a result of — that’s probably been the most successful — I think we can all agree — EV maker in the world, and yet, it’s getting harder even for them. And so, the question is, what is that about? Is that an infrastructure problem? Is that a market problem? Are the products that the other automakers are making not good enough? And if that’s the case, what do you have to do?”

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


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: confusing; ev; granholm; prices
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Is she that freaking stupid to realize that government did this?....
1 posted on 01/27/2024 7:18:28 AM PST by ChicagoConservative27
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To: ChicagoConservative27

Yellin. Buttplug, Granhoilm ... - how dumb can an administration be?


2 posted on 01/27/2024 7:20:39 AM PST by FroggyTheGremlim (Plunk your magic twanger, Froggy!)
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To: ChicagoConservative27

Didn’t fail, not a bad idea. Just didn’t do it right this time. They never learn or quit. Always the same.


3 posted on 01/27/2024 7:24:51 AM PST by Sequoyah101 (Procrastination is just a form of defiance)
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To: ChicagoConservative27

Oh, so it’s NOT that people don’t want them. Thanks jennee!


4 posted on 01/27/2024 7:27:34 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: ChicagoConservative27

Yes, “FREE MONEY” always confuses people. Look how much it has confused the invasion army from down south.


5 posted on 01/27/2024 7:28:03 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: ChicagoConservative27

The only problem with EV sales is Biden hasn’t signed an Executive Order Mandating ALL Federal Employee’s exclusively use EV vehicles for ALL Transportation, including to and from their respective workplaces. And BAN ICE powered vehicles from ALL FEDERAL PROPERTY.


6 posted on 01/27/2024 7:32:49 AM PST by eyeamok
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To: ChicagoConservative27
ChicagoConservative27 : "Is she that freaking stupid to realize that government did this?...."

Yes, she is that stupid to realize that the market responds to demand, and there isn't much of a demand north of the Mason-Dixon line in winter
when by the time you get the car heated comfortably, and use the windshield wipers, and get to where you're going, you've lost a significant amount of your battery charge.
The main question is whether or not you will have enough charge to get back home, or have to spend additional time to find a charging station. Being stranded is more than inconvenient !
Furthermore, the additional wear and tear on tires due to the increased weight, wears down the tires much faster that a conventional vehicle.
Add to that the additional initial expense of the vehicles seem to only appeal to the progressive political wing - due to climate change, don't ya know (?).
Car dealerships can't move the electric vehicles off their car lots, and are paying heavily for that car lot rental space.

7 posted on 01/27/2024 7:35:58 AM PST by Tilted Irish Kilt
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To: eyeamok

Not a bad idea. Except federal employees work from home now. Washington, D.C. is a ghost town now.


8 posted on 01/27/2024 7:37:15 AM PST by MinorityRepublican
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To: ChicagoConservative27

“…what do you have to do?”

How about the government gets back in its constitutional lane and stops this ridiculous effort to ram EVs down our throats come hell or high water?


9 posted on 01/27/2024 7:37:30 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: ChicagoConservative27

Keep up the narrative, no matter what the actual facts are, keep the narrative.... this is Goebbels 101.


10 posted on 01/27/2024 7:38:14 AM PST by HamiltonJay
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To: ChicagoConservative27

Lighten up Jenny. You don’t have a clue what is causing the “slumping” EV demand. It’s that they are junk. Expensive junk too.


11 posted on 01/27/2024 7:38:54 AM PST by FlingWingFlyer ( Joe Pedo's America! The Motel 6 to the world. Joe's Border Patrol will keep the light on for you.)
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To: ChicagoConservative27

It’s important to remember that “Tesla ...that’s probably been the most successful ... EV maker in the world”, was specifically not invited to a White House meeting on EVs, because it is not a union shop.

And slumping sales have nothing to do with fact even the Sec’y of Energy cannot plan a cross-country trip in an EV without having her entourage driving IC cars reserving charging places for her.


12 posted on 01/27/2024 7:39:15 AM PST by hanamizu ( )
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To: ChicagoConservative27

I wouldn’t have an EV if it were free. Too much trouble with short range, charging times and battery worries. Dangerous to park in the garage.


13 posted on 01/27/2024 7:42:01 AM PST by Blennos ( Byaasea)
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To: ChicagoConservative27

Sniffer’s handlers (jOkeass) haven’t figured out how to make white people pay for it.


14 posted on 01/27/2024 7:48:46 AM PST by depressed in 06
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To: MinorityRepublican

Not a bad idea!?

You 2 are part of the problem. Yeah the govt. should tell people what car they can drive to and from work, that’s a great idea /s


15 posted on 01/27/2024 7:49:49 AM PST by gibsonguy
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To: ChicagoConservative27

What,exactly, were Granholm’s qualifications to be Sec.of Energy?


16 posted on 01/27/2024 8:02:53 AM PST by Signalman
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To: gibsonguy

The Feds should practice what they preach.


17 posted on 01/27/2024 8:07:21 AM PST by MinorityRepublican
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To: ChicagoConservative27

Because only bureaucrats are special kind of stupid, thinking that regular idiots will buy expensive crap that doesn’t work for long. Or pay more taxes instead of just moving somewhere else.

Law of Unintended Consequences applies here.


18 posted on 01/27/2024 8:08:07 AM PST by drSteve78 (Je suis Deplorable. Even more so)
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To: Signalman

Mirror fogging rat.


19 posted on 01/27/2024 8:08:23 AM PST by going hot (Happiness is a Momma Deuce)
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To: ChicagoConservative27

The high price for EVs is likely the cause in the drop in demand … the laws of basic economics are totally lost in this crowd. However, perhaps consumers seeing smug EV owners stranded in the cold weather that turned charging stations into parking lots also had something to due with lack of demand.


20 posted on 01/27/2024 8:14:19 AM PST by The Great RJ ( )
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