GM is pulling back on EVs

[K4fxd]

I wonder when freighters will stop carrying EV's?

Insurance is going to skyrocket.

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[K4fxd]

Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. Coastguard Netherlands/Handout via REUTERS

That settles it. It is a new ship on fire from BEV's.

 

[K4fxd]

I've heard talk about making airplanes run on batteries. What can go wrong there?

 

[GT 550]

EV's sold over 10.1 million units last year globally, up 55% on the previous year. Total car sales 67 million globally.

Make of that what you will, but it sure ain't no flash in the pan.

You could make of it that stats like this are worthless when they're presented with no reference to the sample selection or size, without any understanding of whether they're statistically significant, and terribly skewed by distortions such as mandates. Just numbers, and a waste of bandwidth. One could equally state:

EV's sold only 10.1 million units last year globally, up just 55% on the previous year. Total car sales struggled to reach 67 million globally.

Such a statement couldn't credibly be labelled as incorrect but it paints a different picture, no?

 

[Gregs24]

You could make of it that stats like this are worthless when they're presented with no reference to the sample selection or size, without any understanding of whether they're statistically significant, and terribly skewed by distortions such as mandates. Just numbers, and a waste of bandwidth. One could equally state:

EV's sold only 10.1 million units last year globally, up just 55% on the previous year. Total car sales struggled to reach 67 million globally.

Such a statement couldn't credibly be labelled as incorrect but it paints a different picture, no?

Not at all

The sample selection is very clear (total cars sold and EV's as a proportion) and the size (numbers are there for you) is very clear, the change is very clear (increase of 55%) so the significance is also very clear. Are you suggesting that a 55% increase is not statistically significant when taking those numbers into account?

You chose to change the wording, but the figures speak for themselves and make your changes look a little silly. Adding 'just' in front of 55% doesn't make it smaller!

“This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections,” a statement accompanying the report noted.

Also very clear, market share is increasing year on year. It is what it is.

 

[K4fxd]

https://apnews.com/article/new-york-ebike-store-fatal-fire-789d04a128a93160810743acf9c4f893

I'll be the first to call for a BAN ofE bikes and EV's. Heck they banned the note 7 and it did not kill or cause as much damage as these electric abominations. Or rolling time bombs.

 

[sk47]

Not at all

The sample selection is very clear (total cars sold and EV's as a proportion) and the size (numbers are there for you) is very clear, the change is very clear (increase of 55%) so the significance is also very clear. Are you suggesting that a 55% increase is not statistically significant when taking those numbers into account?

You chose to change the wording, but the figures speak for themselves and make your changes look a little silly. Adding 'just' in front of 55% doesn't make it smaller!

“This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections,” a statement accompanying the report noted.

Also very clear, market share is increasing year on year. It is what it is.

Hello; With the incentives, the looming mandates and the constant browbeating about climate change I do expect folks to buy BEV's. There are also the questionable claims about saving money.
But the numbers will turn out to be what they will. In fact, the sooner enough people try to live with a BEV the quicker this experiment will play out one way or another. May be the BEV's will prove themselves. Maybe as i now suspect the known issues will not be resolved well enough and I suspect some unforeseen issues will become prominent. The burning down of homes and ships cannot be swept under the rug.

 

[tripleyellowmustang]

Go figure.

https://finance.yahoo.com/news/ford-blames-ev-price-war-213252868.html

“(Bloomberg) -- Ford Motor Co.’s is throttling back on plans to ramp-up electric vehicle production, pointing the finger at a price war for battery-powered vehicles.”

”It now expects to see losses from EVs hit $4.5 billion this year, up from an earlier estimate of $3 billion. That’s more than double the $2.1 billion the company lost on EVs last year.”

“Farley said the challenge for Ford is that the latest wave of customers aren’t willing to pay the high prices that early adopters did for EVs.

‘There are plenty of customers‘ for EVs, Farley said. ‘The issue is the price they’re willing to pay has come down.’”

There are also plenty of customers for super yachts and private jets, the issue is the price they’re willing to pay has to come down. I want muh super yacht.

 

[Inthehighdesert]

What a stupid frick’n statememt. That’s right up there with Madden years ago and stating the worst thing to happen to the offense here is a pic, fumble or sack. Or Strahan, scored tied at half. Team that scores the most in the second half is going to win. Pure genius.

Go figure.

https://finance.yahoo.com/news/ford-blames-ev-price-war-213252868.html

“(Bloomberg) -- Ford Motor Co.’s is throttling back on plans to ramp-up electric vehicle production, pointing the finger at a price war for battery-powered vehicles.”

”It now expects to see losses from EVs hit $4.5 billion this year, up from an earlier estimate of $3 billion. That’s more than double the $2.1 billion the company lost on EVs last year.”

“Farley said the challenge for Ford is that the latest wave of customers aren’t willing to pay the high prices that early adopters did for EVs.

‘There are plenty of customers‘ for EVs, Farley said. ‘The issue is the price they’re willing to pay has come down.’”

There are also plenty of customers for super yachts and private jets, the issue is the price they’re willing to pay has to come down. I want muh super yacht.

 

[sk47]

Go figure.

https://finance.yahoo.com/news/ford-blames-ev-price-war-213252868.html

“(Bloomberg) -- Ford Motor Co.’s is throttling back on plans to ramp-up electric vehicle production, pointing the finger at a price war for battery-powered vehicles.”

”It now expects to see losses from EVs hit $4.5 billion this year, up from an earlier estimate of $3 billion. That’s more than double the $2.1 billion the company lost on EVs last year.”

“Farley said the challenge for Ford is that the latest wave of customers aren’t willing to pay the high prices that early adopters did for EVs.

‘There are plenty of customers‘ for EVs, Farley said. ‘The issue is the price they’re willing to pay has come down.’”

There are also plenty of customers for super yachts and private jets, the issue is the price they’re willing to pay has to come down. I want muh super yacht.

Hello; I know it is not the same thing but recently I called a couple of Nissan dealers to see if they were going by the MSRP on the remodeled ZZ" "Z" No way. They were adding around a ten grand markup. An old story. Make a new or heavily revised model and some folks will pay more to get it.

So, it would seem the early adopters with the extra cash (credit) have pretty much already purchased. About time. For an EV to be worth considering they will need to be a lot cheaper. Preferably cheaper to buy and operate than an ICE. Guess the fly in that ointment is they are still expensive to make.

 

[K4fxd]

It now expects to see losses from EVs hit $4.5 billion this year

This is the problem with central planning.

 

[GT 550]

Not at all

The sample selection is very clear (total cars sold and EV's as a proportion) and the size (numbers are there for you) is very clear, the change is very clear (increase of 55%) so the significance is also very clear. Are you suggesting that a 55% increase is not statistically significant when taking those numbers into account?

You chose to change the wording, but the figures speak for themselves and make your changes look a little silly. Adding 'just' in front of 55% doesn't make it smaller!

“This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections,” a statement accompanying the report noted.

Also very clear, market share is increasing year on year. It is what it is.

It's not that silly, 55% of a little is still a little but it sounds good. It's all in the context Greg, stats should be reported in such a way that the context isn't misleading. So for example your previous:

EV's sold over 10.1 million units last year globally, up 55% on the previous year. Total car sales 67 million globally.

suggests thaty 67 million EVs were sold globally. See? Well may you scoff and say that's clearly not the case but to someone who doesn't know it represents the total sales of all cars that's exactly how it reads.

 

[Burkey]

It's not that silly, 55% of a little is still a little but it sounds good. It's all in the context Greg, stats should be reported in such a way that the context isn't misleading. So for example your previous:

EV's sold over 10.1 million units last year globally, up 55% on the previous year. Total car sales 67 million globally.

suggests thaty 67 million EVs were sold globally. See? Well may you scoff and say that's clearly not the case but to someone who doesn't know it represents the total sales of all cars that's exactly how it reads.

Wut?
How on Earth could someone confuse those numbers?
They’ve told you that EV sales went up by 55% AND that they accounted for 10.1 million vehicles.
If the reader is too stupid to comprehend that the previous years sales would’ve been around 7 million, that’s not the fault of the figures. An increase of >3.5 million vehicles is a SIGNIFICANT number.
I can’t think of a sector where an increase in sales of 55% wouldn’t be considered a huge gain.

 

[jtmat]

https://apnews.com/article/new-york-ebike-store-fatal-fire-789d04a128a93160810743acf9c4f893

I'll be the first to call for a BAN ofE bikes and EV's. Heck they banned the note 7 and it did not kill or cause as much damage as these electric abominations. Or rolling time bombs.

There you go again. Don’t let the truth get in the way of another one of your fanciful but untrue posts. Sure you have a story of an EV bursting into flames in front of you by now.

Even the story mentions improper storage. Who cares about the truth?

But this is from someone who rolls with a group to ban everything: books, guns, gun parts, EVs, etc. We will need to expand the govt to handle all the bans.

 

[Gregs24]

It's not that silly, 55% of a little is still a little but it sounds good. It's all in the context Greg, stats should be reported in such a way that the context isn't misleading. So for example your previous:

EV's sold over 10.1 million units last year globally, up 55% on the previous year. Total car sales 67 million globally.

suggests thaty 67 million EVs were sold globally. See? Well may you scoff and say that's clearly not the case but to someone who doesn't know it represents the total sales of all cars that's exactly how it reads.

The statement was very clear. 55% of a huge number is a huge number when that percentage is of millions of sales (10.1 million is a huge number)

It is very clear that 67 million was total car sales and 10.1 million of those were EV's, that is why it was written that way

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