New ICE Vehicles Banned in California by 2035

[Sasquachulator]

Originally Posted by Dadhawk

I was just reading this, although the explanation doesn't make sense. They are canceling the project because of supposedly lower than expected demands for EVs yet the reason the demand is low is exactly because a $30,000 version (with the exception of the walking dead Bolt which is selling like hotcakes) doesn't exist. I think the Bolt demand shows the market is there, I think the real issue is building a vehicle to that price point.

Combination of all.

Apparently all the automakers are losing money on the EVs they build (except Tesla....but they lost money for some 10 years before it started to turn a profit)

so what do you do?
-Continue making these expensive ass EV's with tech up the ass to try to minimize loses.
-Make cheap affordable EV's and hopefully the money loss doesnt take your ICE profits with it.
-Reduce the amount of EV's you make because people are poor and cant afford these expensiveas EV's...and hope the economy of scales balances out or you can get to your possibly cheaper next gen platform to help reduce costs.
-Keep doing what your doing, but knowingly your investment into the battery factory might not pay off as soon or fast as you hope because people cant afford your EV's.

[Irace86.2.0]

Despite tax credits, EVs are still expensive at POS, and with interest rates being high, I'm sure qualifying for the car might be harder. On top of that, the Tesla Highland and upgraded Y are on the horizon, so people might be holding off before ordering their Tesla. In 2024, tax incentives will be applied at POS, so the cars should be more affordable, and that too may be driving down demand in 2023. Some states have rolled back incentives for 2023 understanding the EV demand is taking off and will maintain most of its momentum at some point in the S-curve without incentives, especially as prices drop, but this can also affect demand.



https://electrek.co/2023/04/20/surgi...se-incentives/

https://www.autoblog.com/2023/10/22/...-work-in-2024/



https://climatechampions.unfccc.int/...2030-iea-says/

[Lantanafrs2]

I remember the bolt/volt being laughed at by Neil cavuto in 2008 or so but it's still here lol. Give gm props for superficially catering to the woke scum with certain vehicles while pumping out ls powered yachts and caddies as well as overachieving vettes

[Lantanafrs2]

Another one....
https://www.cnbc.com/2023/10/26/merc...-ev-space.html

[Lantanafrs2]

https://www.cnbc.com/2023/10/26/hert...air-costs.html

[Lantanafrs2]

https://www.cnbc.com/2023/10/26/ford...nvestment.html

[Irace86.2.0]

Originally Posted by Lantanafrs2

Another one....
https://www.cnbc.com/2023/10/26/merc...-ev-space.html

Lots of EV demand is increasing supply chain demand, which is constraining supply chains and driving up prices for Mercedes. That is hurting their profits. EV sales are up for them, now making up 15% of their vehicle sales, and they are producing 11% of all EV sales in the market, up from 6%, so growth and demand is strong. They are committing to 50% EV and hybrid by 2025 and only EVs after that.

Originally Posted by Lantanafrs2

https://www.cnbc.com/2023/10/26/hert...air-costs.html

Hertz is rolling back Tesla purchases because the price of EVs (Teslas specifically) keep dropping, and because they are getting cheaper, it is hurting their resale ability and bottom end. This probably means they will wait for prices to stabilize before buying more, and it is overall good news that prices are dropping.

Hertz also said repair costs are higher than expected, but this is another growing pains problem. Supply and demand of mechanics and places to service Teslas make costs higher. It would be nice if the article explained more about the type of repairs like if it is powertrain or wear and tear from customers.

Originally Posted by Lantanafrs2

https://www.cnbc.com/2023/10/26/ford...nvestment.html

Ford is cutting back the speed of investment on EVs based on over-projection on EV adoption rate and over-projection on the premium it believed customers were willing to pay for EVs. Even though revenue was up, profit was down because of increased costs and increased investment.

[Dadhawk]

The Hertz change really isn't a big surprise. As Tesla continues to price adjust it completely messes with Hertz' ROI model. Hertz (and other rental companies) depend a lot on resale value of their cars as part of their price structuring. EV prices need to come down, but that doesn't play well in their financial models where resale value is baked in at purchase.

[Irace86.2.0]

Toyota Six Steps to BEV Transformation

[Lantanafrs2]

[Dadhawk]

Originally Posted by Lantanafrs2

Savage Geese Mach E video

Decent video although it felt a bit like a jumping on the "not EV" bandwagon because they read all their fellow industry pundits doing that.

The Mach E is the first EV I personally drove. I reviewed that drive on here somewhere. Ultimately, I as underwhelmed. I agree it definitely felt forced.

A lot of this video seemed to be saying "never mind the cost of building this vehicle it needs to either be a $30K priced tag as is, or it needs to be a $100K level vehicle they are selling for $50K."

I admit, I have a Cadillac LYRIQ on order that is now headed to production. I expect it to have some issues, but that's because I've been in the computer game for 40 years. However, the LYRIQ, at my net cost of about $60,000, is a LOT of car for the money. I would expect it to cost the same if it were the exact same car with a V6 twin turbo in it. I've driven one as a test drive for about 250 miles, and it's a great car. SuperCruise is amazing.

If they built an ICE version, I'd probably buy it instead, but they don't and not much else in that price range interests me.

[Irace86.2.0]

California report shows electric vehicles make up over 20% of sales, doubling over two years
https://www.washingtonexaminer.com/p...ling-two-years
https://cleantechnica.com/2023/11/03...20at%2016.4%25.

The California New Car Dealers Association (CNCDA) reported on November 1, 2023, that sales of battery electric cars accounted for 21.5% of new car sales in the Golden State during the first 9 months of the year and 22.3% in the third quarter. At the end of Q3 in 2022, sales of electric cars stood at 16.4%. In 2021, that number was 9.1%. So, despite all the weeping and wailing and gnashing of teeth lately about how the EV revolution is stalling, the news is pretty good, at least in California.

When hybrid and hydrogen fuel cell vehicles are included in the calculations, the figure jumps up 35.4% for all vehicles sold year to date in California. Not surprisingly this means gas-powered sales are falling in the state, with the CNCDA reporting ICE market share (including gasoline and diesel vehicles) was 64.6% so far this year, down from 71.6% in 2022 and 88.4% in 2018.

[Lantanafrs2]

Yikes
https://www.cnbc.com/2023/11/07/new-...generator.html

[Dadhawk]

Originally Posted by Lantanafrs2

Yikes
https://www.cnbc.com/2023/11/07/new-...generator.html

So, basically a Volt with a bigger battery.

Honestly, I may very well consider this. What I've always wanted was a hybrid with a 200 - 300 mile of EV range. Yes, I know all the arguments against it. This is probably about as close as I'll ever get.