shogun32
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From today's WSJ:
Plug-in EV sales in Europe were up 137% to 1.4 million vehicles last year, blowing past China's 12% increase to 1.3 million sales. In the U.S., sales rose just 4%.
But these sales have been helped along by government incentives and analysts are starting to warn that the momentum could be short lived when the subsidies dry up. Without government incentives, EVs become "considerably more expensive" than traditional ICE vehicles.
Arndt Ellinghorst, auto analyst at Bernstein Research, told the Journal: “The market is extremely sensitive to government and company discounts. Once subsidies are taken away EV sales will collapse by 30-40% at least for one or two quarters.
And from the arctic north we have:
The overwhelming majority of Chevy Bolt EV units that were sold in Canada last year (4000) were purchased in Quebec, with roughly 75 percent of sales attributed to the French-speaking region in 2020. ... The Quebec government offers an $8,000 rebate on new EV purchases, which compounds with the federal iZEV rebate for maximum savings of around $13,000.
Forget the very real issue of last-mile capacity, if you have to incentivize/bribe people to buy a non-economic good, you're doing it wrong. I'm sure all the other tax payers in Quebec are just tickled pink their rich(?) neighbors are robbing them to "save the planet". Brussels will never admit it, but ICE is here to stay for 30 more years at least and likely permanently.
Plug-in EV sales in Europe were up 137% to 1.4 million vehicles last year, blowing past China's 12% increase to 1.3 million sales. In the U.S., sales rose just 4%.
But these sales have been helped along by government incentives and analysts are starting to warn that the momentum could be short lived when the subsidies dry up. Without government incentives, EVs become "considerably more expensive" than traditional ICE vehicles.
Arndt Ellinghorst, auto analyst at Bernstein Research, told the Journal: “The market is extremely sensitive to government and company discounts. Once subsidies are taken away EV sales will collapse by 30-40% at least for one or two quarters.
And from the arctic north we have:
The overwhelming majority of Chevy Bolt EV units that were sold in Canada last year (4000) were purchased in Quebec, with roughly 75 percent of sales attributed to the French-speaking region in 2020. ... The Quebec government offers an $8,000 rebate on new EV purchases, which compounds with the federal iZEV rebate for maximum savings of around $13,000.
Forget the very real issue of last-mile capacity, if you have to incentivize/bribe people to buy a non-economic good, you're doing it wrong. I'm sure all the other tax payers in Quebec are just tickled pink their rich(?) neighbors are robbing them to "save the planet". Brussels will never admit it, but ICE is here to stay for 30 more years at least and likely permanently.
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