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

Bigdog

Bigdog

Harris - make America a 3rd world shithole
"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 ..."
 
Bigdog said:
"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 ..."
Click to expand...

If only EVs offered significant advantages over ICEs maybe they would sell better. You know people are making money on this bullshit because when the govt decides what will be available instead of the market place deciding you know it's a rigged game.
 
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
 
Bigdog said:
"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 ..."
Click to expand...
Oh no Joe Full of Crapitalist isn't going to like this
 
Yakuda said:
If only EVs offered significant advantages over ICEs maybe they would sell better. You know people are making money on this bullshit because when the govt decides what will be available instead of the market place deciding you know it's a rigged game.
Click to expand...

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.
 
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.

MAGA bursts a vein.
 
Joe Capitalist said:
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.

MAGA bursts a vein.
Click to expand...

I know you're a pussy and probably have me on your ignore list but if EVs are so desirable why do places like California have to ban the sales of ICEs in the future?
 
Yakuda said:
I know you're a pussy and probably have me on your ignore list but if EVs are so desirable why do places like California have to ban the sales of ICEs in the future?
Click to expand...

Joe Socialist can not answer that question. He is mentally incapable.
 
Joe Capitalist said:
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,
Click to expand...


Lithium price free fall wipes out gains since November 2021

"After a two-year run, the spot price for lithium has wiped out all its gains since November 2021. The price of lithium carbonate, the key material for batteries to power electric vehicles, continued in free fall amid weak demand, dipping below the psychological threshold of 200,000 yuan ($29,035) per ton on Wednesday.Apr 13, 2023



Nikkei Asia
https://asia.nikkei.com/Spotlight/C...ithium carbonate,29,035) per ton on Wednesday.
 
Joe Capitalist said:
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
Click to expand...

Ford and Toyota are getting out the EV biz. They are losing money at it.
Government Motors can have it.

Less than 1% of the cars on the road are EVs.
 
Bigdog said:
Lithium price free fall wipes out gains since November 2021

"After a two-year run, the spot price for lithium has wiped out all its gains since November 2021. The price of lithium carbonate, the key material for batteries to power electric vehicles, continued in free fall amid weak demand, dipping below the psychological threshold of 200,000 yuan ($29,035) per ton on Wednesday.Apr 13, 2023



Nikkei Asia
https://asia.nikkei.com/Spotlight/C...ithium carbonate,29,035) per ton on Wednesday.
Click to expand...

There seem to be too many EV batteries piling up in inventories, reducing demand for lithium.
 
Bigdog said:
"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 ..."
Click to expand...

Check you links. They don't link to anything you're claiming.
 
Bigdog said:
"Electric car sales plummet in Germany following subsidy cut"
Click to expand...

Germany perhaps. Not in the USA.

https://www.iea.org/news/demand-for...eap-35-this-year-after-a-record-breaking-2022

"Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil."

https://www.jdpower.com/cars/shopping-guides/electric-vehicle-trends-for-2023

https://www.coxautoinc.com/market-insights/q2-2023-ev-sales/

"And EV sales keep growing.

In a recent Cox Automotive survey, more than 50% of shoppers were interested in adding an EV to their stable. Being interested is easy, of course, but far fewer people actually buy. And in the same survey, 53% of consumers agreed that EVs will eventually replace traditional ICE-powered vehicles. Dealers were more cautious, with only 31% agreeing on an all-EV future. Dealers have a front-row seat to the many challenges ahead. And many dealers, recently, have been watching EV inventory building."

https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html

https://www.greenlancer.com/post/ev-market-trends

"The EV market is one of the most dynamic segments of the clean energy industry. Last year, global electric car sales rose to 6.6 million, representing nearly 9% of the global car market and tripling its market share from 2019.


Rising gasoline prices have made EVs appealing to many drivers, and the Inflation Reduction Act has extended EV tax credits on eligible models through 2032. Efforts are underway to improve the EV charging infrastructure and extend the range of EVs, which is instrumental for EV market growth. But, supply chain shortages caused by the pandemic linger, and are still causing issues for automakers. Let’s examine what EV market trends lie ahead in 2023.


More EV Models Are Coming

Many new EV models will hit the market in 2023, especially electric pickups and SUVs, and plug-in hybrid electric vehicles (PHEVs). Many of these models are getting a lot of hype for their design and style.
 
LurchAddams said:
Germany perhaps. Not in the USA.

https://www.iea.org/news/demand-for...eap-35-this-year-after-a-record-breaking-2022

"Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil."

https://www.jdpower.com/cars/shopping-guides/electric-vehicle-trends-for-2023

https://www.coxautoinc.com/market-insights/q2-2023-ev-sales/

"And EV sales keep growing.

In a recent Cox Automotive survey, more than 50% of shoppers were interested in adding an EV to their stable. Being interested is easy, of course, but far fewer people actually buy. And in the same survey, 53% of consumers agreed that EVs will eventually replace traditional ICE-powered vehicles. Dealers were more cautious, with only 31% agreeing on an all-EV future. Dealers have a front-row seat to the many challenges ahead. And many dealers, recently, have been watching EV inventory building."

https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html

https://www.greenlancer.com/post/ev-market-trends

"The EV market is one of the most dynamic segments of the clean energy industry. Last year, global electric car sales rose to 6.6 million, representing nearly 9% of the global car market and tripling its market share from 2019.


Rising gasoline prices have made EVs appealing to many drivers, and the Inflation Reduction Act has extended EV tax credits on eligible models through 2032. Efforts are underway to improve the EV charging infrastructure and extend the range of EVs, which is instrumental for EV market growth. But, supply chain shortages caused by the pandemic linger, and are still causing issues for automakers. Let’s examine what EV market trends lie ahead in 2023.


More EV Models Are Coming

Many new EV models will hit the market in 2023, especially electric pickups and SUVs, and plug-in hybrid electric vehicles (PHEVs). Many of these models are getting a lot of hype for their design and style.
Click to expand...

You just made JPP MAGA morons soil their diapers.

GOOD JOB!!
 
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