Electric Vehicles discussion (was NJ bans Tesla dealerships)

This is also not uncommon...

 

That tends to happen when demand for new cars is declining. Usually during downturns in demand for new cars. Not in a year when new auto sales increased by 12%

I think Tesla has to accept that demand has peaked, especially as an overall decline in new auto sales is forecast.

Its not going to grow by 50% every year like Elon promised. It's probably going to fall gradually as the optimists (as opposed to the fan boys or ecologists) realize how much a Tesla costs in depreciation and servicing.

Maybe Elon should focus on getting a rocket into space and back without it burning up, or running a social media company into the ground or Theranos Neurolink, or robots that are as functional as those from 60 years ago.

 

Anybody have thoughts about the Hyundai Ioniq hybrid?

 

There are millions of unsold vehicles sitting in parking lots (dealerships or otherwise) in the US right now. Sales are up for sure, but not as much as car manufacturers were thinking and, as a result, there are a ton of unsold vehicles out there.

https://www.carscoops.com/2024/02/w...to-biggest-dealer-inventory-buildup-in-years/

 

Tesla sold 1.8 million in 2023. Do you see that increasing by 50% in 2024 as promised?

 

I'm not sure why you would believe any of Tesla's numbers. They very rarely meet any of their goals.

That being said, as the article I posted indicated, car sales have slowed across the board, so I wager that Tesla is not the only auto manufacturer that is going to miss their car sales. This is especially true for EV sales in the US, where the expected growth simply has not happened.

 

It seems like the drop in sales could have been easily predicted. I'm sure the early adopters already have their EVs and others will be harder to persuade.

 

That article is old. Sales were up every month in Q1 2024 v Q1 2023 admittedly with sales incentives. They declined slightly in April.

Hybrid sales have increased rapidly while overall EV sales are flat.

 

The US is behaving differently than the rest of the world. I'm sure a large part of that is the size of the US and lack of public chargers, but in the rest of the world, EV sales are climbing and there seems to be a tipping point where EV sales really take off.

 

Just a note, slowed does not mean down. The industry was expecting car sales to be higher this year than they are and they built vehicles based on the higher number. The end result is that US unsold inventory climbed at the start of the year.

https://www.coxautoinc.com/market-insights/new-vehicle-inventory-march-2024/

 

So slowed down means up?

 

From the perspective of the industry. Yes. Again, car sales are up compared to 2023, but unsold inventory is also up compared to 2023. As a result, sales have slowed down in comparison to projections.

 

You got one you want to get rid of as they stopped making them in 2022. Daughter has a new Tucson Hybrid that she likes.

 

will this do?



https://www.zazzle.com/verbing_nouns_t_shirt-235879660354223527

 

This is insane….i guess soon enough they will have a fire sale on Teslas. I feel sorry for those who paid top $$ for their cars. As far as I am concerned, if I get one for free, I will sell on the spot at - discounted price.

 

Thanks for joining the quest! This one's close, but it, and the others I've seen, lack the pristine perfection of the original, and what I read as a command, to "verb all nouns," which I didn't immediately realize was verbing a noun

 

Thunderf00t just put out another video about Musk the con man. I'm surprised there haven't been threats of a lawsuit though as he's in the UK it makes things difficult.

 

The EU has imposed up to 38% tariffs on Chinese EV imports. Interestingly enough, the stocks for Chinese EV manufacturers surged as they were expecting the tariffs to be much higher and analysts don't believe this will slow the surge of Chinese EV cars into the EU market.

https://www.cnbc.com/2024/06/13/chi...p-to-38percent-additional-import-tariffs.html

 

Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Across the U.S., thieves have been targeting electric-vehicle charging stations, intent on stealing the cables, which contain copper wiring

ByTOM KRISHER AP auto writer
June 11, 2024, 3:04 PM