kublikhan wrote:theluckycountry wrote:So another round of deeper price cuts and More incentives in America. But it doesn't change the fact that auto makers are pulling out. They see what the dimwitted consumer is blind to.
Actually, no. They are scaling back on previously ambition plans. But they are not "pulling out" of EVs as you call it.
They still are planning new models, new factories, etc. Lets look at VW for example.
They are talking, that's all. What, do you expect them to come out and tell
kub their future plans? Tell the public the truth and undermine the sales of the existing stock they have on the showroom floors?
Dozens of small to intermediate producers have gone bankrupt already and the big manufactures are scaling back, pulling out of the concept. Call it a consolidation if you like but sales globally (outside of communist China) The CCP, have been in aggregate decline for all of this year. Do you think they wanted to waste all that money, Ford and GM? No, they wanted to be like Toyota and see sales increasing across their fleets. But they couldn't because the Governments in America and the Western world were forcing them to build EV. They were bleeding cash via the carbon taxes.
Elon Musk’s Tesla generated a substantial $1.79 billion from carbon credit sales last year, as revealed in their Q4 2023 and annual financial report, bringing its total earnings from such credits since 2009 to nearly $9 billion.
https://carboncredits.com/tesla-hits-re ... -at-1-79b/That's a big part of the reason why GM etc got into the game, and now they are regretting it. I have never said there will be be ZERO EV in the future, just that we have clearly passed PeakEV adoption, and obviously PeakEV manufacturers. It now remains to be seen what inner city demand will level off at.
...Even though the demand for electric cars might seem lackluster at the moment, Schmall insisted that battery-electric vehicles are the future.
Of course he's going to say that, what else can he say? Come on kub, why post these corporate statements as though they were facts of future reality. They are simply jawboning so their share price doesn't collapse in a rout.
Ford too has taken it's lumps on slower than expected uptake on it's EVs. But it also is not "pulling out". They are still planning new models: The plan includes adjusting the company’s North America vehicle roadmap
Talk Talk Talk, Buy Ford, Buy Ford shares. If I had a dollar for every positive corporate statement that failed to deliver I'd be a multi-millionaire by now (I'm already a millionaire btw)
While Volvo originally...
“However, it is clear that the transition to electrification will not be linear, and customers and markets...
This is where we really disagree kub, you and Adam still believe the chatter of a decade ago, that the EV will supplant the Gas powered vehicle fleets of the World. I and the majority of people Don't!
As for Volvo? Who the fuck would buy a Volvo, only a stupid swede. The idiot is still mouthing the tired old mantra,
"the transition to electrification" There will be no transition, just a very VERY small part of the world's cars and trucks (Outside of Norway lol) that will be electric. And Volvo will go the way of Australia's car manufacturers soon anyway, if their new government has any brains and stops subsidizing them. The best thing Australia did was stop competing with the Japanese and Koreans, Why waste money building cars in a high wage country when you can import them from the cheapest quality maker? If America didn't have it's Patriot head jammed so far up it's red white and blue arse they would have done the same thing 50 years ago.
“An electric car provides a superior driving experience and increases possibilities for using advanced technologies that improve the overall customer experience...
More Swedish Bullshit, that might have been believed by a gullible public in 2017 but not today. A superior driving experience? Running out of electrons in the middle of Winter on a lonely rural highway? Sitting for 3 hours in backwoods town because the only supercharger is faulty? Having your car written-off because of a dent in the fender? Only total fanboi mouth those statements now and I'll wager they have their doubts, especially now the charger network expansion has ground to a halt and maintenance is being scaled back.
Of course China has the highest number of EV sales. But their EV market is large and more mature.
They are 50% of sales kub,
50%. One country on the Planet! One economy being run like the USA was during WWII, a command and control economy. You take China out of the equation (One Country) and sales worldwide would be declining at a frightening rate.
Nothing can save the
"The transition to electrification" now, nothing ever could. It was all a money grab and a political stunt to take the public's focus off the fact that we are running out of OIL. Which will mean the end of personal transport as we know it for the vast majority of people on the Planet.
Try to keep things in focus kub, in perspective. Peakoil.com is where we are, we of all people are supposed to be aware of this reality. Following government mandated financial bubbles isn't going to help anyone. Promoting cars that cost twice as much and weigh half as much again as conventional vehicles, and which only last 8~10 years, is not a solution for the decades ahead. What's Adam going to do in 5 years when his Nissan leaf's are lawn ornaments with dead batteries and his pension fund has been wiped out. He'll be pushing a wheelie walker that's what. Anyone with an old economical Gas car though will still be able to put a few gallons in the tank and do their shopping.
I saw a taste of financial collapse in the GFC, people forced onto buses, forced out of retirement back to work because their pension funds collapsed by 50% (the stock market) It was tragic for some but it all bounced back quickly under 1% interest rates. But that's not sustainable, the piper is coming and he'll want full payment soon. Roll up your Stars and Stripes, put it in the basement and get your house in order.
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
