EV sales PLUMMET, EV Inventory piles up on Dealer Lots, in U.S., Germany & China

Ford is losing 32K off of every EV that they sell.

Ford lost a billion dollars on its EV unit last quarter. The company loses money on every Ford Lightning it sells — and that was before it knocked thousands of dollars off the sticker price this summer, trying to keep up with a Tesla-triggered price war that's pulling EV prices down.

https://www.npr.org/2023/08/11/1193...billion dollars,that's pulling EV prices down.

That is awful. The dem socialists are insane.
 
Yep. Only the first one is a direct link.

You'll have to google the headlines or quotes to read the full articles for the other news stories.

You're asking Lurch to actually do some work! He's stuck in his religion. He can't tolerate any dissenting views.
 
Automakers have announced more than $120 billion in EV investments and 143,000 new US jobs in the last eight years, with more than 40% of those investments happening since the passage of the IRA, according to the Environmental Defense Fund.
Battery plants from US and foreign automakers like Nissan and Mercedes-Benz are being built in states like Georgia, South Carolina and Alabama.
Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street.
Investors have made Tesla by far the most valuable automaker on the planet, despite having only a fraction of other major automakers' sales, and other automakers are jealously eyeing its stock market growth.
Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. More than 50% of shoppers were interested in buying an EV, according to a Cox survey this summer. Fifty-three perecent of consumers said that EVs will eventually replace ICE-powered vehicles.
As a result of consumer demand, General Motors has set a goal of phasing out the sale of all internal combustion vehicles by 2035, and Ford has said it hopes EVs make up almost half of its sales by 2030. GM even changed its logo to look like an electrical plug.
"For a major manufacturer to bet that the future of transportation is ICE-powered vehicles seems like a tougher and tougher case to make," said Rabe.



MAGA soils diapers

GorgeousMisguidedIrishsetter-small.gif

Both Ford and Toyota are getting out of EVs. They've already announced it. They are losing too much money on them. Toyota is the largest automotive manufacturer on the planet. Tesla is a drop in the bucket.
Less than 1% of the cars on the road are EVs. There's a reason.
 
Both Ford and Toyota are getting out of EVs. They've already announced it. They are losing too much money on them. Toyota is the largest automotive manufacturer on the planet. Tesla is a drop in the bucket.
Less than 1% of the cars on the road are EVs. There's a reason.

Toyota wants to stick with hybrids that sell well for them and develop fuel cell vehicles. My bet is, they will like Honda before them, succeed and then turn the market making EV's a dead end.

Toyota isn't giving up on hydrogen technology in spite of new EV focus
https://www.autoblog.com/2023/03/20/toyota-hydrogen-future-ev-development/

Toyota’s Push for Hydrogen Fuel Cells Over Electric Batteries
https://www.wardsauto.com/vehicles/toyota-s-push-hydrogen-fuel-cells-over-electric-batteries

Toyota’s new CEO adjusts EV plans but sticks to a hybrid approach
https://electrek.co/2023/04/07/toyotas-new-ceo-adjusts-ev-plans-but-sticks-to-a-hybrid-approach/

Toyota still hasn’t received the EV memo, sticks to hybrid strategy going forward
https://electrek.co/2022/09/30/toyo...at’s our strategy, and we’re sticking to it.”

Why Toyota – the world’s largest automaker – isn’t all-in on electric vehicles
https://www.cnbc.com/2022/09/13/why-toyota-the-worlds-largest-automaker-isnt-all-in-on-evs.html

One big reason Toyota won't go in on the EV is they sell their cars to the world not just the US or Europe. That means they are selling cars in countries that are decades from having some sort of EV charging structure and even further from having mechanics and technicians that can work on them. They recognize if they want to sell cars there they have to be ones that can meet the local conditions and requirements, not what the US or Europe demands.
 
"Electric car sales plummet in Germany following subsidy cut"

https://thedriven.io/2023/02/07/electric-car-sales-plummet-in-germany-following-subsidy-cut/

A lack of customers; it appears the EV market may have reached its saturation point already.


"Unsold EVs Are Piling Up on Dealer Lots, But There's a ...

autoevolution
https://www.autoevolution.com › News › Coverstory
Jul 10, 2023 — Ford's second-quarter sales results were presented last week as a triumph, with the tagline "Ford EV sales gain momentum." Ford's data shows ...


More car dealers holding off buying electric used cars as ...

Car Dealer Magazine
https://cardealermagazine.co.uk › Home › News
Mar 28, 2023 — An increasing number of car dealers are holding off buying used electric cars as prices continue to plummet. The values of used electric ...


Why EVs Are 'Piling Up' at Dealerships, Despite Massive ...

Foundation for Economic Education
https://fee.org › articles › why-evs-are-piling-up-at-de...
Sep 20, 2023 — About 92000 EVs currently sit on dealers' lots; that's a 342% increase from a year ago, when only about 21000 did so, according to ...


Electric vehicles aren't exactly selling like hotcakes. In fact, they're languishing at dealerships twice as long as gasoline-powered cars, analysts at Cox Automotive found.Aug 2, 2023

Are EV sales really slowing down? - POLITICO

Politico
https://www.politico.com › power-switch › 2023/08/02


China's new EV subsidies might not be enough to bolster ...

CNBC
https://www.cnbc.com › 2023/06/22 › chinas-new-ev-su...
Jun 22, 2023 — China's new EV subsidies might not be enough to bolster slowing growth ... China's retail sales grew more slowly than expected in May from a year ...

Tesla's China-made EV sales in July down 31% mth/mth

Reuters
https://www.reuters.com › business › autos-transportation
Aug 3, 2023 — U.S. automaker Tesla sold 64285 China-made electric vehicles (EVs) in July, down 31% from a month earlier, data from the China Passenger Car ...


Women are more skeptical of electric cars than men

Autoblog
https://www.autoblog.com › Partner
ev sales plummet women lack from www.autoblog.com
Apr 26, 2023 — Men make up most early adopters of electric cars, while women account for most EV skeptics. · Higher-income consumers are more likely to adopt or ..."
None of your links have the information you believe you cited.
 
Yep.

The EVs are NOT even green.

The average EV emits 39 tons over its lifespan. The Skoda Octavia 2.0 diesel emits 41 tons.

It is a white lib, corporate green marketing hoax.

How did you come to the conclusion that the average EV emits 39 tons?
https://www.greenncap.com/european-lca-results/#tesla-model-3-2022-0099
Tesla model 3- 28
Fiat 500e - 29
Nissan Leaf - 34
Lexus UX 300e - 35
VW ID.3 - 32
Hyundai Kona - 31
Ford Mustang Mach E - 42
Rernault Zoe - 32

The only hoax I am seeing is your idiotic claim.
 
Toyota wants to stick with hybrids that sell well for them and develop fuel cell vehicles. My bet is, they will like Honda before them, succeed and then turn the market making EV's a dead end.

Toyota isn't giving up on hydrogen technology in spite of new EV focus
https://www.autoblog.com/2023/03/20/toyota-hydrogen-future-ev-development/

Toyota’s Push for Hydrogen Fuel Cells Over Electric Batteries
https://www.wardsauto.com/vehicles/toyota-s-push-hydrogen-fuel-cells-over-electric-batteries

Toyota’s new CEO adjusts EV plans but sticks to a hybrid approach
https://electrek.co/2023/04/07/toyotas-new-ceo-adjusts-ev-plans-but-sticks-to-a-hybrid-approach/

Toyota still hasn’t received the EV memo, sticks to hybrid strategy going forward
https://electrek.co/2022/09/30/toyo...at’s our strategy, and we’re sticking to it.”

Why Toyota – the world’s largest automaker – isn’t all-in on electric vehicles
https://www.cnbc.com/2022/09/13/why-toyota-the-worlds-largest-automaker-isnt-all-in-on-evs.html

One big reason Toyota won't go in on the EV is they sell their cars to the world not just the US or Europe. That means they are selling cars in countries that are decades from having some sort of EV charging structure and even further from having mechanics and technicians that can work on them. They recognize if they want to sell cars there they have to be ones that can meet the local conditions and requirements, not what the US or Europe demands.

This is Toyota's plan. The hybrid, however, is just a gasoline car in the end. They do well in stop and go traffic, but put 'em on the freeway and they are no bit worse mileage of a gasoline car. The problem with the battery still remains such as fire hazard, weight (though not as much), etc. The battery is not as large, and this plays well into the hybrid's design. The fire hazard is correspondingly less as well as the weight.

I think Toyota is eventually going to discover that fuel cells have more problems than EVs, but I guess they figure they've gotta try. At least the ballasting battery is smaller for a fuel cell vehicle.
 
This is Toyota's plan. The hybrid, however, is just a gasoline car in the end. They do well in stop and go traffic, but put 'em on the freeway and they are no bit worse mileage of a gasoline car. The problem with the battery still remains such as fire hazard, weight (though not as much), etc. The battery is not as large, and this plays well into the hybrid's design. The fire hazard is correspondingly less as well as the weight.

I think Toyota is eventually going to discover that fuel cells have more problems than EVs, but I guess they figure they've gotta try. At least the ballasting battery is smaller for a fuel cell vehicle.

In any case, trying to build a car to 'save the planet' is impractical, since the planet does not need 'saving'. It's quite big enough to take care of itself. Any modern gasoline engine is burning pretty clean these days, and they are a lot more efficient than EVs or fuel cells.
 
How did you come to the conclusion that the average EV emits 39 tons?
https://www.greenncap.com/european-lca-results/#tesla-model-3-2022-0099
Tesla model 3- 28
Fiat 500e - 29
Nissan Leaf - 34
Lexus UX 300e - 35
VW ID.3 - 32
Hyundai Kona - 31
Ford Mustang Mach E - 42
Rernault Zoe - 32

The only hoax I am seeing is your idiotic claim.

It doesn't matter how much CO2 is emitted.
First, it's a drop in the proverbial bucket,
Second, it's a naturally occurring gas that is absolutely essential for life to exist on Earth,
Third, it is converted to oxygen and carbohydrates by plants,
Fourth, it has absolutely NO EFFECT on the temperature of the Earth. You cannot create energy out of nothing.

Carbon dioxide is also used to make sodas, beer, fire extinguishers, dry ice (it's Halloween season!), synthetic fuel, and is a useful welding gas.
 
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