GM is pulling back on EVs

[gone_n_60]

This ain't the last word on the whole deal, but I think we'll just have to see how things go or don't for the next 5 to 7 years. tbh most folks in this economy can't afford a $45,000 to $70,000 ICE or EV. Used car sales are still strong and dealers lots are not full of new models still so there's that too.

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[Gregs24]

This ain't the last word on the whole deal, but I think we'll just have to see how things go or don't for the next 5 to 7 years. tbh most folks in this economy can't afford a $45,000 to $70,000 ICE or EV. Used car sales are still strong and dealers lots are not full of new models still so there's that too.

Most people can't afford a new car full stop - never have.

That doesn't mean new cars (EV's included) will not just keep being sold to those who can afford them / finance them. That is after all where all of those second hand cars on car lots come from !

It seems US new car sales are climbing not falling

Cox Automotive Forecast: With New-Vehicle Inventory at a Two-Year High, August Auto Sales Expected to Increase Nearly 19% Year Over Year - Cox Automotive Inc. (coxautoinc.com)

Some of this is being driven by strong and increasing EV sales

Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3, as Tesla Share of EV Segment Tumbles to 50% - Cox Automotive Inc. (coxautoinc.com)

 

[gone_n_60]

Most people can't afford a new car full stop - never have.

That doesn't mean new cars (EV's included) will not just keep being sold to those who can afford them / finance them. That is after all where all of those second hand cars on car lots come from !

It seems US new car sales are climbing not falling

Cox Automotive Forecast: With New-Vehicle Inventory at a Two-Year High, August Auto Sales Expected to Increase Nearly 19% Year Over Year - Cox Automotive Inc. (coxautoinc.com)

Some of this is being driven by strong and increasing EV sales

Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3, as Tesla Share of EV Segment Tumbles to 50% - Cox Automotive Inc. (coxautoinc.com)

again ...

;}

 

[K4fxd]

More financial news blowing up Greggs mantra

.https://www.barrons.com/articles/ev-stocks-tesla-problems-49becab4?siteid=yhoof2

The EV problem really came home to roost on Monday. EV-related shares, including those of EV leader Tesla, tanked while the S&P 500SPX 0.68% and Nasdaq Composite
COMP 0.54% both rallied 1.2%. And shares of Chinese EV leader BYD (1211.Hong Kong) fell 3.6% in overseas trading on Tuesday.

 

[Gregs24]

again ...

;}

Meaning?

 

[gone_n_60]

Meaning?

Seriously...? It time to sit back and watch what happens now, while eating popcorn like your at the movies. Meme is now explained.

 

[Gregs24]

Seriously...? It time to sit back and watch what happens now, while eating popcorn like your at the movies. Meme is now explained.

I think my previous response showed exactly what is happening. Sales of all cars increasing, sales of EV's increasing strongly.

Keep your popcorn memes for the kids

 

[sk47]

I think my previous response showed exactly what is happening. Sales of all cars increasing, sales of EV's increasing strongly.

Keep your popcorn memes for the kids

Battery maker LG Energy Solution warns of slowing EV demand, shares fall (msn.com)

Hello; Another EV demand slowing sto

GM will delay Truck EV production to "boost" profitability. They are in it for the money not to make a better world.

https://electrek.co/2023/10/17/gm-pushes-silverado-ev-truck-production-back/

“With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term.”

“That's as inventory builds up at dealerships, much to the chagrin of dealers. While car buyers are in luck if they're looking for a deal on a plug-in vehicle, executives are finding even significant markdowns and discounts aren't enough. These cars are taking dealers longer to sell compared with their gas counterparts as the next wave of buyers focus on cost, infrastructure challenges, and lifestyle barriers to adopting.”

”In scrapping plans with GM to co-develop sub-$30,000 EVs, Honda CEO Toshihiro Mibe said the shifting EV environment was difficult to gauge.

’After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV,‘ Mibe said in an interview with Bloomberg this week.”

“’People are finally seeing reality,‘Toyota Motor Chairman Akio Toyoda said at the Japan Mobility Show, the Wall Street Journal reported. Toyoda has long been skeptical of his peers' pure-electric blueprints.”

Hello kids; Here are a few of recent links about the slow down of EV sales and the resulting effect on vehicle and battery companies.
I also have been seeing stories about companies installing wind turbine farms backing off from new projects.

 

[sk47]

I also have been seeing stories about companies installing wind turbine farms backing off from new projects.

Hello; Found one story about at least four wind turbine projects currently being canceled for the USA. Read for yourself but my take is the companies will want more money for the most part. They cite inflation for one thing among others. Dead whales may also be a factor, however the article claims this part is unfounded.
Pretty sure similar events (wind farms construction stopped) have happened in other places in the world.
Ørsted pulls out of billion-dollar project to build wind turbines off New Jersey coast (msn.com)

 

[gone_n_60]

I think my previous response showed exactly what is happening. Sales of all cars increasing, sales of EV's increasing strongly.

Keep your popcorn memes for the kids

I have umbrage! (btw how r u from UK and FR?)

 

[key01]

Toyota raises its outlook as strong hybrid demand juices profits
https://www.cnbc.com/2023/11/01/toy...are|com.apple.UIKit.activity.CopyToPasteboard

Toyota has been late to the full EV party, but is ramping up with new EVs and battery plants now. In the meantime their hybrids are selling like wildfire and profits are way up. People are willing to move away from ICE only vehicles which indicates to me there is a general acceptance of the continually improved EV range and hybrid technology.

 

[sk47]

Hello; Some claim EV sales are poor and that EV's are piling up at dealerships. There is evidence for such. Some say EV sales are booming compared to past years/months sales numbers. May even be evidence for that depending on how the numbers are crunched.

I can see how both claims are backed up by facts and will add to these two items a third. First are the, by now, many stories recently linked to large unsold inventory of EV's on dealer lots. Add to this the stories of manufacturers slowing down EV production. Both scenarios backed up with links in this thread.

That EV sales can be up over some past date can also be true. I would contend this claim may be true in a very strict literal sense but may miss a more significant point. Go back far enough and current EV sales can be said to be up by 1000%. A likely missed point is the car companies have been forced/bribed/coerced by various means to devoting significant portions of their assembly potential to building EV's.
Those production lines are now running along and have been pumping out EV's as commanded by the powers that be. Seems that production is not finding enough customers to move the product.
Huge numbers of EV 's must be in the hands of owners to meet the deadlines MANDATED by upcoming deadlines. You know the goals that 50% of new vehicle sales by a set date must be EV's decreed by some power. Or the all-new vehicles sold in our domain must be EV's by 2030 or 2035 deadlines. Well, it seems the manufactures are doing their mandated parts and are making plenty of EV's. Well, plenty in the sense of having more than enough inventory to meet demand.

Likely not enough production yet to meet the draconian goals set by their master's deadlines, but clearly a great enough production currently to outstrip demand from customers. There is the rub is it not? We consumers are holding back on purchasing an inferior vehicle platform at a much greater cost than an ICE equivalent.
There are moves being made to remedy that of course. The tactics to make the cost of diesel and gasoline fuel more expensive have been in place for over two years now.
Fuel costs are down a bit lately in my area. Seems the inflation we are living with has slowed down consumption a bit.

Then there are the alphabet agencies planning to up fleet MPG requirements so as to force manufacturers to SELL more EV's -Hybrids and reduce ICE sales. Other agencies are changing emission numbers at the same time. Drilling permits have been slow walked for a long time now. Think I have missed some other stuff, but the point is having and owning an ICE is being made more difficult and/or expensive.

 

[sk47]

Hello; Some claim EV sales are poor and that EV's are piling up at dealerships. There is evidence for such. Some say EV sales are booming compared to past years/months sales numbers. May even be evidence for that depending on how the numbers are crunched.

I can see how both claims are backed up by facts and will add to these two items a third. First are the, by now, many stories recently linked to large unsold inventory of EV's on dealer lots. Add to this the stories of manufacturers slowing down EV production. Both scenarios backed up with links in this thread.

That EV sales can be up over some past date can also be true. I would contend this claim may be true in a very strict literal sense but may miss a more significant point. Go back far enough and current EV sales can be said to be up by 1000%. A likely missed point is the car companies have been forced/bribed/coerced by various means to devoting significant portions of their assembly potential to building EV's.
Those production lines are now running along and have been pumping out EV's as commanded by the powers that be. Seems that production is not finding enough customers to move the product.
Huge numbers of EV 's must be in the hands of owners to meet the deadlines MANDATED by upcoming deadlines. You know the goals that 50% of new vehicle sales by a set date must be EV's decreed by some power. Or the all-new vehicles sold in our domain must be EV's by 2030 or 2035 deadlines. Well, it seems the manufactures are doing their mandated parts and are making plenty of EV's. Well, plenty in the sense of having more than enough inventory to meet demand.

Likely not enough production yet to meet the draconian goals set by their master's deadlines, but clearly a great enough production currently to outstrip demand from customers. There is the rub is it not? We consumers are holding back on purchasing an inferior vehicle platform at a much greater cost than an ICE equivalent.
There are moves being made to remedy that of course. The tactics to make the cost of diesel and gasoline fuel more expensive have been in place for over two years now.
Fuel costs are down a bit lately in my area. Seems the inflation we are living with has slowed down consumption a bit.

Then there are the alphabet agencies planning to up fleet MPG requirements so as to force manufacturers to SELL more EV's -Hybrids and reduce ICE sales. Other agencies are changing emission numbers at the same time. Drilling permits have been slow walked for a long time now. Think I have missed some other stuff, but the point is having and owning an ICE is being made more difficult and/or expensive.

Hello; Let me add another possibly disturbing bit. Thing seems to be the car companies do not have much of a choice with the looming mandates. They have to keep going with EV production at some level regardless of EV sales.
I suppose this cannot go on for a long time.

 

[jtmat]

More financial news blowing up Greggs mantra

.https://www.barrons.com/articles/ev-stocks-tesla-problems-49becab4?siteid=yhoof2

The EV problem really came home to roost on Monday. EV-related shares, including those of EV leader Tesla, tanked while the S&P 500SPX 0.68% and Nasdaq Composite
COMP 0.54% both rallied 1.2%. And shares of Chinese EV leader BYD (1211.Hong Kong) fell 3.6% in overseas trading on Tuesday.

Only blowing up is our streets from these dangerous tankers!!!

Look at that pollution! It in insane. Not only did people die (as normal when these things "go", but the pollution will silently add to the deaths).

A devastating fire involving a tanker truck and two cars created havoc on the Pennsylvania Turnpike and killed three people late Saturday morning, state police said.




https://www.foxnews.com/us/pennsylvania-police-update-number-victims-devastating-tanker-fire

 

[K4fxd]

A devastating fire involving a tanker truck

Yet you completely ignore the environmental and human damage from the making of the batteries. How convenient.

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