“Automakers from Ford Motor Co. and General Motors Co. to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans.” report CNBC.
This headline says it all. “The EV euphoria is over. Automakers are scaling back or delaying electric vehicle plans.”
Yes, there is a shock.
No, why wouldn’t people want to buy super expensive cars that take over an hour to charge? That is if you can find a charging station.
The automotive industry has been ecstatic about EVs for years. Automakers have issued optimistic sales forecasts for electric vehicle models and announced ambitious goals for EV growth. Wall Street boosted valuations of traditional automakers and startup entrants alike based in part on their vision for the future of EVs.
Now, the hype has died down and companies are once again supporting consumer choice. Automakers from Ford Motor Co. and General Motors Co. to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin have scaled back or postponed their electric vehicle plans.
Even U.S. EV leader Tesla, which is estimated to account for 55% of domestic EV sales in 2023, is preparing for a “potentially significant decline” in growth, CEO Elon Musk said. said in late January.
There are many other issues as well. Consumers are starting to realize that fully charged cars don’t have as much range as advertised. Cities are beginning to realize that their power grids are not equipped to handle all the power needed to power millions of electric vehicles.
The number of EV sales is expected to continue to increase. Last year, 1.2 million vehicles were sold in the United States, accounting for 7.6% of total vehicle sales. By 2030, that number is expected to rise to between 30 and 39 percent (which still seems Pollyanna-ish to me). The current movement seems to be towards hybrids that offer the best of both worlds. There is a battery and a gasoline engine as backup.
“EVs may be the ‘future,’ but they are currently struggling.” around Morgan Stanley analyst Adam Jonas. “Hybrid sales are growing five times faster than EVs in the US.”
Early adopters, self-centered environmentalists, and trendy wealthy people are already buying in. Now car manufacturers have to encourage the public and we are a little more cautious. Do these cars really save you money? Yes, but only if you drive enough miles over a full 10 years. At the same time, while EVs are cheaper to maintain, they can also be costly. more Repair.
If you have a set routine, you know it. Unplug, go from home to work, to the grocery store, to the gym, then come home and plug it back in. This makes sense for EVs. But the moment you have to drive outside of that comfort zone is when it gets stressful. Are there chargers along the route? Will the chargers work? Will there be a line? How long does it take?
no thanks.
WATCH: Tesla driver stranded on Christmas Eve after battery refused to charge
@domnatishow/ auto overload/TMX
Unsurprisingly, the left-wing Biden administration still plans to force the auto industry to adopt impossible fuel standards and impose billions of dollars in fines if they are not met.
Automotive Innovation Coalition weighed:
The Alliance for Automotive Innovation, which represents General Motors, Toyota, Volkswagen, Hyundai and others, said the National Highway Traffic Safety Administration’s corporate average fuel efficiency proposal is “beyond maximum feasibility,” and that the agency’s plan ” Manufacturers will pay more than $14 billion.” Penalties for violations from 2027 to his 2032. ”
another quote To tell“These regulations would result in a $6.5 billion fine for GM and a $3 billion fine for Stellantis, Jeep’s parent company.” Ford’s “fines will total approximately $1 billion.” It will be”.
Of course, all of this is passed on to the consumer, you, and me.
This is green religion, a fanatic belief that has nothing to do with science or economics. Democrats are refusing to increase the power grid, even though they are calling for the purchase of electric vehicles that would increase demand on the grid.
Pure madness.
I feel really lucky to live here.
We will give you a free signed book tag. purchase John Nolte’s debut novel borrowed time (Bombardier Books).
“borrowed time You have soothed my aching heart in many ways. It made me think about what is truly important in life and what is not. It got me thinking about true love, about finding that one person to spend your life with. And it got me thinking about death and why we should believe there is no afterlife. Because without an afterlife life would become unbearable. ” —sasha stoneFree thinking through the fourth transformation.
After purchase, email your address and customization request to JJMNOLTE at HOTMAIL dot COM.
