[theluckycountry]

EV will not vanish entirely. It has it's niches, inner-city commuting ,

That's not a niche. That is the usecase where ev excels. And short errands/commute is the majority of miles driven.

Actually, I wrote this

EV will not vanish entirely. It has it's niches, inner-city commuting, at least for the wealthy middle-class

EV should target this specific application by:

1. install chargers in cities and suburbs, preferably at every workplace parking. (chargers in rural areas for long distance travel is a total waste of money)

Well they have been doing that but the companies are going bankrupt. It doesn't generate enough profit, at least not at reasonable electricity prices.

2. build small, light EV with limited range (50 to 100 miles)
3. heavily incentivize small EV (and no incentives for luxury EV, like tesla, jaguar, f150, etc.)
4. indoctrinate how cool and great and awesome them small EV are. Indoctrinate the small EV as being the hip socially acceptable thing for suburbanites and city slicks. It must become morally unacceptable to own a big car.

Well if we want to be sure, we better add to that list.

5. Change employment diversity laws to stipulate 50% of a companies staff must be EV drivers.
6. Subsidize tires and insurance to EV's
7. Subsidize electricity to all charging points, 50% or better.
8. Pass a law that says anyone not driving an EV in the city can't be sold food within the city limits.
9. Have arranged marriages so beautiful young women can only choose an EV owner.

Under those conditions, I'd buy one myself

[theluckycountry]

Electric Commercial Vehicles and stock splits.

We should all know what a stock split is by now, Tesla, Google, many have done it, it's a marketing ploy to reduce a stocks price during a collapse so that the chart doesn't look as bad. It's as simple as that folks. Well in the collapsing EV market companies are having to do something a little different, reverse-stock splits.

In a conventional split share holders are given 10:1 or 20:1 extra shares and the stock price is lowered. But in the reverse 100 shares could be reduced to one! And the share price elevated 100x. Why is this going on? Because once a stock on the NASDAQ falls below a dollar it must be removed, albeit after a delay time. The number of companies in the EV space doing this is really phenomenal.

Canoo.inc, Maker of the various Canoo trucks, though there is no evidence that a single commercial order has been filled, are expected to do a reverse split soon. They started at $10, went to a top of $20, and are now at 11-cents a share. So a $50,000 stake in it bought early is now worth a tad over $500. https://ca.finance.yahoo.com/quote/GOEV?.tsrc=fin-srch

They have a Hard contract to deliver six trucks to the USPS, if they ever can, because there is no evidence a single vehicle has left the plant in Oklahoma other than display units. One big smoke and mirrors show. They are still hard at it too, from their website:

Canoo Successfully Expands Zeeba’s Fleet with Electric Vehicles

Canoo Successfully Expands Zeeba’s Fleet with Electric Vehicles
Justin, TX – (January 31, 2024) – Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced it has added electric vehicles to the fleet of Zeeba, a national fleet management company.

https://www.press.canoo.com/press-relea ... c-vehicles

A fancy announcement, didn't lift the share price though.

[theluckycountry]

EV stocks are seeing a historic sell-off, with some down 90% from their peak https://markets.businessinsider.com/new ... off-2024-1

Tesla collapse has investors wondering if it’s still magnificent
https://financialpost.com/investing/tes ... agnificent

Mercedes-Benz delays EV goals because of weak demand
https://www.foxbusiness.com/fox-news-au ... wered-cars Mercedes-Benz shares were up 5.9% following the news...

And a couple of links for kub.

Xiaomi's SU7 electric car is stunning
Xiaomi's got an EV now. And it's a pretty one. https://mashable.com/article/xiaomi-su7-ev-car

Best electric cars to buy 2024
https://www.autoexpress.co.uk/electric-cars

[kublikhan]

And a couple of links for kub.

Get a life.

[theluckycountry]

Slumping used EV prices force automakers to repay leasing firms

This is HUGE.

Automakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla’s price cuts rip through an industry that must sell more EVs or face hefty fines.

Ayvens, the biggest multibrand leasing firm, already has received checks in recent weeks to make up for slumping prices, according to CEO Tim Albertsen. Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2 trillion second-hand car market.

Prices for used EVs plummeted last year as weakening demand (PEAK EV) for new battery-powered cars prompted Tesla to slash sticker prices, forcing others to follow suit. The moves are reverberating through leasing firms, such as Europe-focused Societe Generale Ayvens and BNP Paribas Arval, which serve as middlemen in the corporate car market that accounts for roughly 60 percent of sales in the region...

https://europe.autonews.com/automakers/ ... text-block

Following on from this article is a linkedin discussion

I thought I would share this link to an enlightening article, first shared by Simon Vessey (whom I thank for sharing; As used EV prices fall, automakers repay leasing firms | Automotive News Europe (autonews.com) in order to try and prompt some grown up debate in the upper professional echelons of automotive markets; why? Well because the subjects covered in the article are so serious that they do not present a “Let’s Kick The Problem Down The Road and Hope It Goes Away” problem; no they are an existential threat for those involved, and thus pose some serious and grown up operational and retailing challenges for all those involved.

The number 1 challenge being that the industry and governments have created a trading landscape where the customer (the most important individual in this situation) does not want to purchase what manufacturers are producing (EV’s); at least in nothing like the numbers required, Fact!

If this fact was incorrect we would not be seeing the reductions in new registrations for new EV’s and the collapsing of values for EV’s in used car markets; a market for EV’s that actually doesn’t exist in any volume whatsoever. I have discussed asset markets for over 25 years, including specialist used car markets, and every market reading sense I possess tells me that the EV market is reaching a “Tipping Point” from which it will never recover...

https://www.linkedin.com/pulse/slumping ... ntent-card

The problem is pretty obvious when you look at it and it's been pointed out HERE many times. Secondhand EV's are not worth shit, the fact that some buyers (Adam B) foolishly went and bought two was simply a measure of people's stupidity. He probably paid more than they are worth new now? But that's beside the point, the point is people were so caught up in the myths that they failed to realize that these cars are basically a throw away. No one will ever replace the battery when it wears out so you junk it. An expensive investment that becomes a stranded asset.

I could even imagine scrap dealers charging high fees just to process your old car. It's not like you can just toss an EV into a crusher, they would Explode! No, you have to carefully disassemble them bolt by bolt to extract the battery from the sub-frame.

The enigma of EV battery recycling: First you have to remove it, a very VERY labor intensive job, then ship it to a hi-tech facility, then an expensive process is needed to reclaim just some of the metals.
https://climate.mit.edu/ask-mit/how-wel ... e-recycled

I think most owners must eventually realize what hot potatoes they are and they'll want to sell them off at 4 or 5 years before serious degradation sets in, hoping to get something back. What a disaster! Those poor fools. One more Nail in the EV coffin.

[kublikhan]

More BS. EV registrations are up, not down. But you never let facts get in the way of your BS now do you?

Feb 16, 2024 - In 2023, all-electric car registrations in the United States exceeded 1.1 million for the very first time, far outpacing the growth rate of the overall car market. The latest data reveals a 52% increase in volume compared to 2022.

U.S. EV Registrations Accounted For 7.7% Of The Car Market In 2023

Global electric car sales rose 31% in 2023

Global EV Sales Break Record For January
Rho Motion crunched the numbers and came up with a record breaking sales pace of 660,000 electric vehicles sold globally in January. That was 12 months ago, back in January 2023. This year’s January EV sales blew past that mark by 69% for a total of more than 1 million.

Global EV Sales Break Record For January

First sodium ion gigafactories going up:

BYD has begun construction on a 30 GWh sodium-ion battery factory in China.

“On the morning of January 4, the 2024 city-wide major industrial project construction kick-off meeting and the BYD (Xuzhou) sodium-ion battery project kick-off event were held in the Xuzhou Economic and Technological Development Zone.”

BYD is investing 10 billion yuan ($1.4 billion) into the new battery factory.

BYD Constructing Sodium-Ion Battery Gigafactory (30 GWh)

[kublikhan]

FEBRUARY 9, 2024 - This week, Cox Automotive analysts shared news that may surprise some dealers: Retail sales of used EVs rose sharply in January. Average weekly sales of used EVs in January grew 34 percent against the average weekly sales in December 2023. January’s sales represented a 69 percent increase compared to used EV sales in January 2023.

The current days supply of used EVs is now lower than the average days supply of internal combustion engine (ICE) vehicles.

An Emerging Opportunity for Used EVs?

[Plantagenet]

There have been three arson attacks on EVs in SF in the last two weeks.

The first one was a hapless ROBOTAXI EV that was set upon by a mob of homeless Ds who vandalized the EV and then set it on fire. They then danced and partied around the burning EV.

Just a couple of days another two TESLA EVs were set on fire. in one night A camera caught a mysterious man who appeared to be homeless starting the fire at one TESLA EV, and the second one went off about a block away a short time later.

[img=https://th.bing.com/th/id/R.dccb2f945dc6fac32e6ee5bce0fdf2ff?rik=Suf7F%2fQhKOcVkA&riu=http%3a%2f%2fwww.azquotes.com%2fpicture-quotes%2fquote-once-is-happenstance-twice-is-coincidence-three-times-is-enemy-action-ian-fleming-9-77-18.jpg&ehk=cDekqxC1%2brEJtdscy3%2fGNohEyQ7TpJz%2bc8UufNCWruY%3d&risl=&pid=ImgRaw&r=0][/img]

Three attacks on EVs in two weeks suggests that, for reason, the homeless Ds in SF are out to destroy EVs.

Cheers!

[theluckycountry]

World’s First Apple Car

An amazing concept, this vid by a total fan boi (he even wears the Steve Jobs signature black turtleneck) goes into great detail on what to expect, and as you would expect from apple, it's the state of the art.

The young man has 17.8M subscribers and it's worth watching the video just to admire his roguish facial hair, shaved sides and top nest. The turtle neck is complimented with signature black glasses frames and a unique square single earring of the same color. I won't spoil it by telling you which ear he wears it in. Enjoy.

https://www.youtube.com/watch?v=OHsDaxkfyVw

[theluckycountry]

Mainstreem media is on the EV collapse bandwagon now.

How EVs became such a massive disappointment
https://www.cnn.com/2024/02/25/cars/wha ... index.html

How to wipe out billions, Fisker inc. $28 a share in 2021, 70-cents a share today. A typical EV company in collapse
https://finance.yahoo.com/quote/FSR/

But back in the day...

Electric vehicle startup Fisker said Monday that it spent less money in 2022 than it had expected, and that it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023.

[careinke]

Some random stuff:

1. Jaguar claims it will quit making ICE vehicles by this June 2024. Ironically, I remember when people imported Jags and the first thing you did was pull out the electrical and replace it.

2. Ford just bought a Tesla Cyborg from someone for $250,000. It is also interesting the seller had to pay $50,000 to Tesla for selling to soon. Since the wait for a Cyborg is 7 years it was probably worth it to Ford.

3. There is hope, Tesla will be opening a new Cyborg plant in Mexico this year. Also, the price of Lithium has plummeted.

4. Tesla cars are everywhere up here in Washington.

Peace

[theluckycountry]

What do the Maui wildfires that destroyed the coastal town of Lahaina, the 2021 Marshall Fire in Boulder County, and the recent Smokehouse creek fire that devastated the Texas panhandle have in common? They were started by the malfunctioning of aging power lines. https://www.reuters.com/world/us/xcel-e ... 024-03-02/

Any mass uptake of EV across the nation would have to be preceded by a rebuilding and massive expansion of the existing grid. Something no one is even considering. What the EV industry has done is akin to building a million boats on the edge of a desert and then dreaming that rain will come and turn it into a sea.



Bonus question:

Gasoline, Diesel, Jet fuel and asphalt all come out of a barrel of crude oil. The last three and many other refinery products are essential to our modern way of life and they all come out of the oil at the refining stage.
Q. What do you with the billions of gallons of gasoline if you no longer use it to run cars?

[careinke]

What do the Maui wildfires that destroyed the coastal town of Lahaina, the 2021 Marshall Fire in Boulder County, and the recent Smokehouse creek fire that devastated the Texas panhandle have in common? They were started by the malfunctioning of aging power lines. https://www.reuters.com/world/us/xcel-e ... 024-03-02/

Any mass uptake of EV across the nation would have to be preceded by a rebuilding and massive expansion of the existing grid. Something no one is even considering. What the EV industry has done is akin to building a million boats on the edge of a desert and then dreaming that rain will come and turn it into a sea.

Hey, I watched President Bidens State of the Union Speech today, and he said he fixed all that stuff with the Unions.

He also sounded pretty committed towards EV's so he can tax all companies with a 21% tax. I thought his presentation was pretty impressive overall. To bad he lied so much, or maybe his staff was just not good at math.

I also watched the Repug response, I've never watched her give a speech, but I liked it. She did seem a little breathy. I'm sure the Republicans have big plans for her.

Finally, I watched RFK Jr give his speech as an independent candidate. To me it was pretty inspiring, and since he is Pro Crypto, Pro freedom, he has my vote.
https://www.youtube.com/watch?v=A0yvc2Qhn5E

Peace

[Plantagenet]

Leftist ecoterrorists commit arson attack on Tesla factory in Germany

tesla-factory-germany-fire-ecoterrorism

I'm surprised by this....I didn't think ecoterrorists were smart enough to understand the EVs have huge carbon footprints from the second they roll out of the factory and that huge lithium mining operations are actually bad for the environment.



Cheers!

[Plantagenet]

Just as I predicted, the Chinese government is now telling the Chinese people to not buy cars from Tesla because it is an evil American corporation.

Tesla-china-sales-plummet


China has already banned Teslas from certain government controlled areas.....now they are telling the Chinese people not to buy Teslas at all.

This will cause Tesla sales to plummet in China, which will put a major hurt on the entire Tesla corporation.

But not to worry ------ Chinese EV companies will be more than glad to sell you all the Chinese EVs you want if Tesla goes bankrupt.

Now Tesla has three problems.....the Chinese are boycotting Teslas, the wacko eco-terrorist wing of the leftist environmental movement is starting to sabotage and destroy Teslas in both the EU and the USA, and US consumers are having second thoughts about buying EVs.

Cheers!

[theluckycountry]

Drivers warned that EV range tests 'completely unrepresentative of real world'

An investigation by What Car? magazine found a shortfall of up to 38% in the range of electric vehicles (EVs) in low temperatures compared with official figures.

Editor Steve Huntingford warned that the testing regime which manufacturers are required to put their vehicles through is "completely unrepresentative of real-world conditions". The magazine stated that official analysis under the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) is conducted in laboratories with an ambient temperature of 23C, with each model undergoing an "unrealistically gentle acceleration" to record what distance they can cover before a battery with 100% charge goes flat.

What Car? did its own range tests on 12 electric cars which were taken to a site in Bedfordshire, left in the open overnight in temperatures of between 6C and 10C, and driven in a way that simulated stop-start urban conditions and on motorways. The largest discrepancy was found with the

Lexus UX 300e, official stated range, 273 miles. It was found to only be able to cover 170 miles, a 38% reduction.

This was followed by the Lexus RZ 450e, which is advertised as having a range of 251 miles but was found to be able to cover just 159 miles, some 37% less.

The third biggest shortfall was for the Volkswagen ID 7 Pro Match (without heat pump), which could only travel for 254 miles in the What Car? test, some 34% below the stated distance of 383 miles.

https://www.walesonline.co.uk/news/moto ... s-28803756

These facts have been known by the industry for years but the media, not willing to offend the EV fan boi kept them suppressed. It's a woke thing, giving everyone participation medals and applause regardless of performance. The EV industry is built on a mountain of lies.

The collapse and death of the EV industry can't come soon enough for me. Get this filthy coal burning blight off the planet!

[theluckycountry]

Hertz CEO Out As Firm Seeks Traction After Big EV Bet Goes Bust

Poor resale value isn't the only EV liability biting Hertz -- the company also pointed to the high cost of collision repairs. “For context, collision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle,” Scherr noted in an October third-quarter conference call.

Guess the cost to repair this?



$5,000?
$10,000?
$12,000?

NO..... estimate cost is $14,000

https://twitter.com/biotechpain/status/ ... 5808759261

No wonder why renting companies are ditching Tesla! $TSLA $TSLAQ

https://www.zerohedge.com/markets/hertz ... -goes-bust

[kublikhan]

Mar 12 2024 - This is a new, small electric car. It has a small battery. A small range. A light weight, small amount of horsepower and in genuinely good news, a small price. Dacia has confirmed the Spring will start from just £14,995.

Fifteen grand! That makes it the second cheapest new EV available in the UK after the Citroen Ami, which of course isn’t really a car. So strike that off the list and it’s literally thousands of pounds cheaper than either the Vauxhall Corsa Electric or MG4, both of which sneak in just under £27k.

There’s a small 26.8kWh battery, a small 48kW motor and the ability to travel up to 137 miles on a single charge!

Prices for the entry-level, headline-grabbing ‘Expression’ with the 44bhp powertrain start from £14,995, rising to £15,345 for the 64bhp Expression, and topping out at £16,345 for the 64 horsepower ‘Extreme’ trim. That’s it. Three versions. All very cheap for new cars.

“We have listened to the concerns of UK drivers regarding accessing EVs,” said Dacia’s UK brand director Luke Broad, “ensuring it not only has an unprecedented price but affordability that doesn’t come at the expense of durability, equipment or usability.”

Holy heck, the new Dacia Spring electric car costs £14,995

Mar 6, 2024 - We are in the midst of a year-long acceleration in the decline of battery cell prices, a trend that is reminiscent of recent solar cell price reductions. Since last summer, lithium battery cell pricing has plummeted by approximately 50%.

In early summer 2023, publicly available prices ranged from 0.8 to 0.9 RMB/Wh ($0.11 to $0.13 USD/Wh), or about $110 to 130/kWh. Pricing initially fell by about a third by the end of summer 2023. Now, large EV battery buyers are acquiring cells at 0.4 RMB/Wh[$55/kWh], representing a price decline of 50% to 56%. Leapmotor’s CEO, Cao Li, expects further reductions, with prices potentially dropping to 0.32 RMB/Wh[$44/kWh] this summer, marking a decrease of 60% to 64% in a single year.

The battery cells being sold come equipped with advanced technologies, including faster charge rates, higher cycle life, improved temperature management characteristics, and higher energy density packaging.

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. Goldman predicts that these price reductions will make electric vehicles as affordable as gasoline-powered vehicles, leading to increased demand.

One of the most notable commodity price declines related to EVs is that of lithium hydroxide. Its price surged from late 2021 through 2022, then began to tumble in early 2023, and continues to decrease today.

Interestingly, both batteries and solar panels have seen their prices drop by about 90% since 2010, with both products currently experiencing accelerated price declines. Looking back thirty or forty years, the costs of both batteries and solar panels have decreased by 99% or more for their base units.

Driven by these price declines, grid-tied energy storage deployment has seen robust growth over the past decade, a trend that is expected to continue into 2024. The U.S. is projected to nearly double its deployed battery capacity by adding more than 14 GW of hardware this year alone. China is anticipated to become the grid storage leader, with deployments of just over 24 GW of capacity expected. EnergyTrend forecasts a global deployment of 71 GW of capacity.

Battery prices collapsing, grid-tied energy storage expanding

[mousepad]

just £14,995.

That's close to $20k. To think that I paid $14k for a real truck only 20 years ago, and now you have to pay $20k for a small shit box of a car. How long before a big mac costs $20k?

[kublikhan]

How long before a big mac costs $20k?

It's already crazy when they charge $18 for a big mac meal:

The recent uproar over a McDonald’s location in Darien, Connecticut, charging $18 for a Big Mac combo meal has sparked a nationwide debate on the escalating prices in the fast-food industry.

McDonald's $18 Big Mac Meal Goes Viral Again