GM is pulling back on EVs

[gone_n_60]

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[sk47]

Hello; I wrote about what i pictured as a money grab some posts ago. Not restricted to success or failure of EV's or green energy. Whether either or both succeed or fail the money grab was going to happen. Huge piles of other peoples money (tax dollars/ pounds) were piled up for the taking. Have a start up electric component idea or green energy plan and the money flowed in. I had hoped some sort of scrutiny was to be part of the deal. Does not seem to have been enough as I see new reports of such enterprises going under almost daily.

The money grabbed and wasted will be bad enough even if both EV's and Green energy succeed. Will be worse if one or both fail to some degree. Gues i am still thinking about a proposed do-over idea.

 

[sk47]

Polestar’s CEO has identified a major flaw in the EV market—and it’s bad news for customers who have already bought in (msn.com)
Hello; Looks like more bad news for current EV owners. Already knew of the Hertz change with regard to Tesla EV's. That something like 20,000 will be sold off by the rental company.
I did not know of the deal Hertz had with Polestar (Volvo spinoff) for even more EV's. If I read the link correctly Polestar will attempt to slow the drop in used EV values by buying back the EV's from Hertz itself.
Not clear to me how much this will help the cause. Polestar will wind up with a large number of used EV's and try to sell them off slowly. Hoping to avoid the price drop of a big dumping of EV's on the used car market.

Some on this site have predicted a big drop in value of used EV values for other reasons. I did not anticipate rental companies dumping EV's on top of the various other reasons.

 

[key01]

Ford had a 43% bump in hybrid sales for January year over year. I think plug-in hybrid has shown to be a great bridge from ICE to full EV, as sales indicate.

Ford is reassessing its EV plans, including vertical battery integration
https://www.cnbc.com/2024/02/06/for...are|com.apple.UIKit.activity.CopyToPasteboard

 

[sk47]

Ford had a 43% bump in hybrid sales for January year over year. I think plug-in hybrid has shown to be a great bridge from ICE to full EV, as sales indicate.

Ford is reassessing its EV plans, including vertical battery integration
https://www.cnbc.com/2024/02/06/ford-reassessing-ev-plans-including-vertical-battery-integration.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

Hello; it is almost humorous how soon after some real world news is posted about EV's, that one of you will post some sales figures number as a counter.
First the link was not about sales numbers. Rather about used EV decline in value. Next, we all know how a 43% jump in sales over some past date can be and often is misleading.
If I sell 10 cars last year and sell 20 this year that is a big sales percent bump. But in the overall scheme of things EV sales are still under ten percent is my take. Maybe as low as 6%. After all the efforts -incentives, mandates, climate scare tactic and all- one would expect better sales. At least I do.
I was at a Ford dealership two weeks ago checking on a pickup. The salesman tried to steer me to a row of Mustang EV's. Even mentioned as they had some lightnings. Interesting they did not have the ICE pickup I wanted but had plenty of EV's.

The good news for all the EV champions is you can find them at the local dealer in a variety of colors. You will not be doing online searches for a proper ICE pickup or pondering the long wait by ordering one.

 

[sk47]

Hello; Had another thought. In a way I hope people do buy EV's. That ought to free up more gasoline for me and other ICE users. On top of that the early adopters will deal with the issues and expenses of the new type of vehicles and i will not have to. If the EV's survive then some years from now things like batteries and chargers will have the bugs mostly worked out and an EV might be almost as good as an ICE.

Of course, the fly in the ointment is the mandates currently in place forcing manufactures to try to pedal an inferior product at a much greater price. That EV's would not have a chance at all without the mandates and incentives using other peoples money is also a factor.

 

[Rapid Red]

How about this headline found today
Ford Could Get 50% More Profit Without EVs

 

[Gregs24]

How about this headline found today
Ford Could Get 50% More Profit Without EVs

Of course it could. Making legacy products that require minimal R&D investment will result in higher profits - for a while.

Ford Could Get 50% More Profit Without EVs - WSJ - Assume this was the article? If you read it it actually says
Delaying investments in the technology boosts earnings but also prolongs a messy transition


Problem is if Ford ignore what is happening in the rest of the world they will get left behind. There are huge markets outside the US that Ford are involved in. In fact Ford sell pretty much as many cars outside the US as they do inside the US. Some of those markets are very different with far more EV's. Sure Ford can ignore those markets, but ignoring markets has not been good for US car makers in the past.

Ford must rethink its brand for China as EVs boom, CEO says | Reuters

Remember there were no Japanese and South Korean cars in the US at one time, now look.

 

[Rapid Red]

Of course it could. Making legacy products that require minimal R&D investment will result in higher profits - for a while.

Ford Could Get 50% More Profit Without EVs - WSJ - Assume this was the article? If you read it it actually says
Delaying investments in the technology boosts earnings but also prolongs a messy transition


Problem is if Ford ignore what is happening in the rest of the world they will get left behind. There are huge markets outside the US that Ford are involved in. In fact Ford sell pretty much as many cars outside the US as they do inside the US. Some of those markets are very different with far more EV's. Sure Ford can ignore those markets, but ignoring markets has not been good for US car makers in the past.

Ford must rethink its brand for China as EVs boom, CEO says | Reuters

Remember there were no Japanese and South Korean cars in the US at one time, now look.

Correct WSJ, "prolongs a messy transition", AKA a wait-and-see, cause at the rate this is going it will fizzle, infrastructure & and Ford is not the only ones, just pointed it out cause we are Frod here.

My bet is, that people are not going to see having to plug a car in coming & going all day, & waiting.
Worrying about the charge as they are doing with cell phones. The ring of that bell is a dead blow, thud.

Why reinvent the wheel seems fitting.. Personally do not care and will never have a golf car as a DD or Hobby vehicle.

 

[K4fxd]

I found a battery that Thomas Edison made that would run a BEV 100 miles. This battery would cost 10,000 in todays dollars. Battery tech has not advanced very much and electric cars were a flop when gas stations were not everywhere

 

[Gregs24]

Correct WSJ, "prolongs a messy transition", AKA a wait-and-see, cause at the rate this is going it will fizzle, infrastructure & and Ford is not the only ones, just pointed it out cause we are Frod here.

My bet is, that people are not going to see having to plug a car in coming & going all day, & waiting.
Worrying about the charge as they are doing with cell phones. The ring of that bell is a dead blow, thud.

Why reinvent the wheel seems fitting.. Personally do not care and will never have a golf car as a DD or Hobby vehicle.

Just remember your old school rhetoric doesn't reflect what is happening in the whole world, which is the point I was making and you are missing. Ford is a multinational company, most car makers are and they respond to global markets or die.

You describing an EV as a golf car is either ignorant or childish humour which is not worth responding too.

 

[tripleyellowmustang]

Just remember your old school rhetoric doesn't reflect what is happening in the whole world, which is the point I was making and you are missing. Ford is a multinational company, most car makers are and they respond to global markets or die.

You describing an EV as a golf car is either ignorant or childish humour which is not worth responding too.

Ford, Chevrolet and CDJR (Stellantis) ae going to have a difficult time making inroads to the BEV market already dominated by BYD and Tesla. That is why manufactureres are pulling back on BEV’s and reassessing. There have been many articles which you conveniently ignore on this situation. As I have stated previously China has been playing the West ‘like a fiddle’, dominating the rest of the world with resource investment and battery/chip technology.

Previous articles cited:

https://www.thedrive.com/news/gm-reverses-all-in-ev-strategy-to-bring-back-plug-in-hybrids

https://news.yahoo.com/17-retired-military-officials-raise-153141762.html

 

[Rapid Red]

Just remember your old school rhetoric doesn't reflect what is happening in the whole world, which is the point I was making and you are missing. Ford is a multinational company, most car makers are and they respond to global markets or die.

You describing an EV as a golf car is either ignorant or childish humour which is not worth responding too.

No worry won't be losing any sleep over it.

 

[sk47]

No worry won't be losing any sleep over it.

Ford is a multinational company, most car makers are and they respond to global markets or die.

You describing an EV as a golf car is either ignorant or childish humour which is not worth responding too.

Hello; Actually an electric golf cart on the whole function within the scope of its intended purpose better than an on the highway EV. There is that. In a convoluted sense calling an EV a golf cart is sort of high praise.

Wow, Gregs managed to call one of us ignorant and get a put down in as well. He is back on form.

 

[Burkey]

China has been playing the West ‘like a fiddle’, dominating the rest of the world with resource investment and battery/chip technology.

Isn’t resource investment and technology development the whole point? Why blame a nation for doing the thing that they’re meant to be doing?
Seems weird.
People used to get upset at the Chinese for producing copies. Now they’re innovating, and people are mad.
Can‘t win?

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