Liberal Forum

Skans » 20 Jan 2024, 12:31 pm » wrote: ↑

20 Jan 2024, 12:31 pm

Consumer demand is rapidly falling and not materializing anywhere near the lofty projections drummed up by manufacturers and eco-alarmists.  So, what exactly is happening:

• Ford announced that it's cutting output of the battery-powered F-150 Lightning to make more Bronco SUVs and Ranger pickup trucks.
• The CEO of Stellantis — which owns Chrysler, Dodge and Jeep reported yesterday that the auto industry risked an EV "bloodbath" if a pricing war started by Tesla continues.
• Rental car giant Hertz said last week that it is selling off 20,000 of its electric vehicles and buy more gas-powered rentals.
• GM stopped selling its Chevy Blazer EV — a brand-new model — late last month because of charging and software problems.
• The real problem???  EVs can simply fail to run in cold weather. Charging takes much longer and driving range falls to less than 70% of the normal distance.  In extreme cold weather, the vehicles simply stop working. 

OH SNAP, GLOBAL WARMING IS NOT GOING TO SAVE THE EV INDUSTRY!!!

Sure. They also have limited resale value. Let's say you sell your EV after 8 years of ownership - the first question from the potential buyer is going to be 'have you had the battery replaced?'  And of course you haven't, because the current battery is still good, and replacement is like 10-15K. So in their head, the buyer is seeing the price you're asking plus 15K within a few years to replace the battery.

So what's your second-hand EV worth? Virtually nothing. People sold their ICE cars (that had lots of driving value left in them) and used the money to purchase an EV - but they can't sell their EV to buy a new EV, as a second-hand EV has no real value, because expected battery life is a mule-kick to the nuts of that resale model. And so the sales of EVs has dried up

This means, ultimately, next to no one can afford an EV... The iPhone purchasing model is not infinitely expandable in our lives - next to no one can afford to buy a car and throw it away a few years later, any more than they can with a house