Are Americans falling OUT of love with EV's?

[Melensdad]

The Wall Street Journal ran this story today.

It seems to go along with other stories published recently, the halting of a couple big battery plants due to lower than expected demand, inventory build up of EVs at dealerships, high prices despite price cuts, dealerships refusing to take allocated EVs, among other reports.

Full story at the link

Are Americans Falling Out of Love With EVs?

Manufacturers need to cut costs as electric-vehicle inventories pile up, but this is easier said than done.

www.wsj.com

Are Americans Falling Out of Love With EVs?​

Manufacturers need to cut costs as electric-vehicle inventories pile up, but this is easier said than done​

Stephen Wilmot
How Bad Are Public EV Chargers? I Visited Over 120 to Find Out.

Los Angeles County has more public electric-vehicle fast chargers than any other in the country. WSJ’s Joanna Stern hit up 30 charging locations in a Rivian R1T and ran into problems at 40% of them. Here’s what’s being done to fix the charging mess. Illustration: Annie Zhao
America’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets.

Sales of all-electric models in the U.S. have plateaued around the 100,000-a-month mark for the past half year after a period of rapid growth. Inventories are piling up and prices are falling, led by market leader Tesla. The average new EV sold for about $52,000 in October, down from around $65,000 a year ago, according to Cox Automotive. . .

 

[Melensdad]

I noticed another article on the weak demand for EV's popped up.

Not going to bother to link it, but Volkswagen is apparently cutting back on production of its ID4 electric SUV as inventory has built up and units remain unsold.

Weak demand seems to be across the board for all brands. Tesla, while still very dominant, saw US sales slow. Hyundai is now giving away free home chargers + offering 0.9% interest rates on its EVs. Ford is cutting back production goals.

 

[XeVfTEUtaAqJHTqq]

It's the economy. Consumer spending has tanked. EV's are going to be a casualty of the over all impact. Less people have that extra money lying around.

 

[pirate_girl]

My son Jeff's friend drives a Tesla.
Of course he's pretty wealthy so there's that.

 

[chowderman]

there are many many "brand new" used Tesla on the market
people buy them, find out there's a lot of thorns in the EV bed of roses . . .
here's one - traded in with 3,089 miles.
most are traded in with 15k-50k

 

[FrancSevin]

My son Jeff's friend drives a Tesla.
Of course he's pretty wealthy so there's that.

I would suggest, given their high purchase prices and repair costs, only the rich can afford the luxury of driving a plain Jane completely unsexy EV. If the battery is not charged enough or the trip too far, they can always drive their BMW.

For those who need a dependable multi-purpose vehicle for getting to work or the family to grandma's, the EV is not a wise, much less practical, choice.

 

[FrancSevin]

there are many many "brand new" used Tesla on the market
people buy them, find out there's a lot of thorns in the EV bed of roses . . .
here's one - traded in with 3,089 miles.
most are traded in with 15k-50k


View attachment 170892

An IC powered car that cost $60K when new should sell for half that at four years time. If, at four years, my IC car needs a battery, I can install one myself for $200. The Tesla Battery replacement is over $30K and must be done by professionals who have the tools. Who would buy a used one?

That's not a thorn, that's a sword hanging over one's head.

I am not anti EV. I own Tesla stock. I hope it does well. But their product does not fit my lifestyle or need. And that is likely true of 99% of Americans.

Since only 1% of new car sales are for EV's I would suggest the market, for government mandated and subsidized EV's, may have reached saturation.

 

[pirate_girl]

I would suggest, given their high purchase prices and repair costs, only the rich can afford the luxury of driving a plain Jane completely unsexy EV. If the battery is not charged enough or the trip too far, they can always drive their BMW.

For those who need a dependable multi-purpose vehicle for getting to work or the family to grandma's, the EV is not a wise, much less practical, choice.

Jon (his name) is a disabled vet, a one time (retired) postal worker.. so income $$$$
When he told my son he was going to purchase a Tesla, Jeff told him he was out of his mind.
He said why the hell would you buy one of those?
So far, no complaints as far as I know, but he's 45 years old and grew up not exactly poor, but I think he went a little wild when it came to the car.

 

[300 H and H]

With Bidenomics is anyone surprised that ALL car sales are slowing down?

This is yet another example of activist journalism, not news that shows the entire picture, but opinion to sway you. There is a narrative that is controlled by the media and the left at work. Elon Musk and Tesla are pummeling the Legacy auto makers into submission. They have cars that do not excite the buyers. And this is a global market. We are but one piece of it.

And let's not forget the Elon has a target on his back for buying twitter and exposing the corruption between big tech and our
US Government. Tesla sales are slowing down, but at a fraction of the rate of the Legacy makers. Telsa can build a car that it can
make money on. Not a single maker listed has yet to turn a profit, much less scale production to drive costs down. They have no
supply chain, and are a the mercy of venders who supply them what they do not make themselves. Tesla makes over 90% of their cars in house. No one else can compare to this fact. Tesla at this point has nearly won the war of actual production, but still is faced with
a war of lies and inuendo's much like Donald Trump suffers from. The left wing media is to blame for this, and if you're not a lefty tune it out as propaganda. Pretty simple when you know the facts.

The misinformation and disinformation is flooding the news feeds, all part of a plan to get Elon and Tesla by the fascist Democrats.

I bought more Tesla stock recently. The company is the single biggest player in AI and the computer that uses it. I am not worried about the future, as if you care to dig in and look, Tesla owns it. And that is why they hate Elon so much.

BTW the CEO and Co-Founder of the Chevy Cruise resigned today. Did anyone tell you that?

 

[300 H and H]

Tesla’s NEW POWER PLAYER: Berkshire Hathaway’s UNEXPECTED Purchase Stuns Wall Street​

8:08 min.


Tesla tmrw.
Tesla tmrw.
17.2K subscribers

 

[FrancSevin]

Tesla’s NEW POWER PLAYER: Berkshire Hathaway’s UNEXPECTED Purchase Stuns Wall Street​

8:08 min.


Tesla tmrw.
Tesla tmrw.
17.2K subscribers

Berkshire seldom goes wrong.
A good time to buy Tesla.
I'm too broke right now to do it however I will buy more Tesla as soon as I can.