Can Aston Martin Survive in the Electric Vehicle Era?
Discussion
AM-DB9 said:
I would just say, can the Electric Vehicle Era survive Aston Martin.
Opinion: - EVs have failed many times before. Why do we think this time it will work?
The electric vehicles go back to the early 1800s
Extract;
Without government mandates or subsidies, EVs were all the rage in the U.S. by the turn of the 20th century, accounting for around a third of all vehicles on the road.
Only the future will say whether EV technology ends up competing on its own, unsubsidized. Current indications are not encouraging, however. Many EV startups are going bankrupt. among legacy players, EVs are minimally profitable or even lose money, depending on the model. Ford says its EV unit will lose $3 billion this year.
Batteries are clearly central to this generation’s version of the EV vision. There’s not much wrong with modern lithium-ion batteries per se. They do a fine job in smartphones, laptops, watches and hand tools. For cars, however, they are a profoundly misplaced application. According to Argonne National Laboratory, in 2023 it takes 100 pounds weight of battery to go a distance achieved by only one pound of gasoline — reason enough why gasoline, not batteries have dominated vehicle propulsion for the past hundred years. Batteries add an average of 33 per cent to a typical car’s weight and an average 20 per cent to the new price.
https://financialpost.com/opinion/opinion-evs-have...
50% Buick dealers call it quits rather than sell EV’s.
https://www.msn.com/en-us/money/companies/gm-bough...
https://www.americanthinker.com/blog/2023/12/gm_dr...
https://www.msn.com/en-us/money/companies/gm-bough...
https://www.americanthinker.com/blog/2023/12/gm_dr...
Edited by AstonV on Sunday 24th December 04:28
I think this is because they are more popular with women drivers.
https://www.msn.com/en-us/money/other/new-report-f...
https://www.msn.com/en-us/money/other/new-report-f...
Hopefully, development of alternative fuels may supply a lifeline. However, in case they don't the technology partnership will be critical for AML. Here is an interesting test involving Lucid which gives some hope...
https://www.carmagazine.co.uk/car-reviews/comparis...
https://www.carmagazine.co.uk/car-reviews/comparis...
Herb1e said:
Hopefully, development of alternative fuels may supply a lifeline. However, in case they don't the technology partnership will be critical for AML. Here is an interesting test involving Lucid which gives some hope...
https://www.carmagazine.co.uk/car-reviews/comparis...
+1 https://www.carmagazine.co.uk/car-reviews/comparis...
oilit said:
The Lucid whilst expensive, seems to fair well - how does it compare to a Tesla Model S I wonder?
An intriguing start-up business. Car very well received, but they just cannot sell as many as they make, and even then, they only built 1550 in the 3rd Quarter 2023.
There are 250 million adults in the USA, of course not all of them can afford a Lucid Air, but Q3 deliveries of 1,457 cars, is hardly 'hitting the ground running'.
To resolve the failure to meet target, the annual target has been reduced !
The Company's valuation peaked at $91 billion. (What !)
However, its stock price has since dropped by approximately 93%.
LTP said:
AstonV said:
Biden has let in about 100 million unskilled, non English speaking migrants.
A quarter of the total population, which stood at 339,996,563 in 2023?And now back on topic......
https://www.dailymail.co.uk/news/article-12917047/...
The December UK new registration figures reveal a change.
Battery Electric Vehicles;
December 2022 = 42,285
December 2023 = 27,841
I think TESLA work in batches of ship arrivals, so perhaps a huge number arrived here in December 2022.
Or, it might be a decline in new EV purchasing by private buyers. I don't know.
Jon39 said:
The December UK new registration figures reveal a change.
Battery Electric Vehicles;
December 2022 = 42,285
December 2023 = 27,841
I think TESLA work in batches of ship arrivals, so perhaps a huge number arrived here in December 2022.
Or, it might be a decline in new EV purchasing by private buyers. I don't know.
M1AGM said:
Jon39 said:
The December UK new registration figures reveal a change.
Battery Electric Vehicles;
December 2022 = 42,285
December 2023 = 27,841
I think TESLA work in batches of ship arrivals, so perhaps a huge number arrived here in December 2022.
Or, it might be a decline in new EV purchasing by private buyers. I don't know.
In fact, the whole year, by nearly 300,000 units.
M1AGM said:
Jon39 said:
The December UK new registration figures reveal a change.
Battery Electric Vehicles;
December 2022 = 42,285
December 2023 = 27,841
I think TESLA work in batches of ship arrivals, so perhaps a huge number arrived here in December 2022.
Or, it might be a decline in new EV purchasing by private buyers. I don't know.
All car sales are down.
Not down, M1AGM.
That is the interesting point and why I posted. The Battery EV category was alone, in being down during December.
For full year, only the diesel categories were down.
EDIT - I have just spotted the reason.
As mentioned in my post above, it is due to Tesla. They seem to supply in batches, which vary monthly.
December 2022 = 16,368.
December 2023 = 5,517.
Edited by Jon39 on Friday 5th January 17:21
Agent57 said:
Well, if we're speculating: An electrical fire under the bonnet that spread?
Bit like this…. https://mol.im/a/12950765Gassing Station | Aston Martin | Top of Page | What's New | My Stuff