EVs... no one wants them!
Discussion
tamore said:
Merc 450 said:
I'm hoping these things will eventually put the value of my 5 litre V8 F Type Jag up as they are stopping making them. People are already saying on the F Type forums they plan to buy a new one and put it in to storage as an investment.
how exciting.greenarrow said:
Genuine question, with the Ford Fiesta and Ford Focus now history, does ANYONE produce an ICE hatch with decent control weights, steering, ride, handling? I can't think of a single bread and butter hatch that delivers, as, say the old bread and butter 306s and Mk1 Focus' did back in the day....is the Golf the best of a bad bunch?
Mazda 3?Merc 450 said:
tamore said:
Merc 450 said:
I'm hoping these things will eventually put the value of my 5 litre V8 F Type Jag up as they are stopping making them. People are already saying on the F Type forums they plan to buy a new one and put it in to storage as an investment.
how exciting.Green Hammer said:
So given the above, it seems that the EV market is probably on the cusp of a major reckoning that will claim some serious industry scalps. I do wonder which of our favourite European car manufacturers will still be standing by 2035. Or, maybe the Chinese will just buy them?
Tesla profits are down 55% from the same time last year. https://techcrunch.com/2024/04/23/tesla-profits-dr...
Fastdruid said:
Tesla profits are down 55% from the same time last year.
https://techcrunch.com/2024/04/23/tesla-profits-dr...
This is funny because I remember a lot of people on here explaining in great detail how Tesla would never make a profit at all.https://techcrunch.com/2024/04/23/tesla-profits-dr...
Green Hammer said:
The panicked rush to EV’s is a classic case of supply greatly exceeding demand, in this instance brought about by politicians and regulators determined to impose arbitrary deadlines on carmakers regardless of whether they are realistic and without any consideration for the wider fallout.
As carmakers scramble to meet strict deadlines for phasing out petrol and diesel models that have been imposed on them by complicit governments, overproduction of electric cars is now taking place on a massive scale.
The industry may argue that it has no choice as companies which fail to hit targets must pay fines or trade carbon credits. But the result will still be the same: millions of unsold electric cars piling up in giant lots and at dealerships. Major European ports are already being turned into giant car depots, as manufacturers, distributors, and retailers struggle with the demand slowdown. You do have to wonder, just how green is all of this?
But without the demand to support the vast number of cars flying off the production line, new industry data shows that the global car industry is on course to produce as many as 20 million more electric cars over the next three years than the market can absorb. It is hard to think of another example of such a staggering misallocation of capital. The dot-com bubble perhaps?
The cracks are already emerging.
Arrival, the electric van start-up that some laughably called “Britain’s Tesla”, has declared bankruptcy in the UK, just months after Sweden’s electric lorry outfit Volta Trucks went bust. California’s Fisker, which even more preposterously once likened itself to Apple, is expected to go the same way.
These are the weaker players but it would be a mistake to assume the big manufacturers are immune by virtue of size alone. A rethink is already taking place. Ford is considering partnerships with General Motors after warning that some battery-operated models have become unprofitable because of spiralling raw material prices.
Rental giant Hertz has blamed high repair costs for a decision to dump 20,000 electric vehicles. Others are tentatively pulling back. Yet, the bigger picture is still one in which the industry goliaths have set aside billions to build entirely new line-ups from scratch.
So given the above, it seems that the EV market is probably on the cusp of a major reckoning that will claim some serious industry scalps. I do wonder which of our favourite European car manufacturers will still be standing by 2035. Or, maybe the Chinese will just buy them?
The manufacturers wont keep building cars they cant sell. They will just sell less cars. Which of course means less ICE cars because of the ZEV mandate.As carmakers scramble to meet strict deadlines for phasing out petrol and diesel models that have been imposed on them by complicit governments, overproduction of electric cars is now taking place on a massive scale.
The industry may argue that it has no choice as companies which fail to hit targets must pay fines or trade carbon credits. But the result will still be the same: millions of unsold electric cars piling up in giant lots and at dealerships. Major European ports are already being turned into giant car depots, as manufacturers, distributors, and retailers struggle with the demand slowdown. You do have to wonder, just how green is all of this?
But without the demand to support the vast number of cars flying off the production line, new industry data shows that the global car industry is on course to produce as many as 20 million more electric cars over the next three years than the market can absorb. It is hard to think of another example of such a staggering misallocation of capital. The dot-com bubble perhaps?
The cracks are already emerging.
Arrival, the electric van start-up that some laughably called “Britain’s Tesla”, has declared bankruptcy in the UK, just months after Sweden’s electric lorry outfit Volta Trucks went bust. California’s Fisker, which even more preposterously once likened itself to Apple, is expected to go the same way.
These are the weaker players but it would be a mistake to assume the big manufacturers are immune by virtue of size alone. A rethink is already taking place. Ford is considering partnerships with General Motors after warning that some battery-operated models have become unprofitable because of spiralling raw material prices.
Rental giant Hertz has blamed high repair costs for a decision to dump 20,000 electric vehicles. Others are tentatively pulling back. Yet, the bigger picture is still one in which the industry goliaths have set aside billions to build entirely new line-ups from scratch.
So given the above, it seems that the EV market is probably on the cusp of a major reckoning that will claim some serious industry scalps. I do wonder which of our favourite European car manufacturers will still be standing by 2035. Or, maybe the Chinese will just buy them?
Followed to its logical conclusion, it just means that we get an increasingly ageing fleet as new car sales decline and hence the renewal rate.
Good news of course for garages keeping existing cars going beyond their normal lifespan.
It will be interesting when ambitions meet reality. Probably another couple of years?
But id be inclined to agree, some household names who dont adapt to the reality may well go down.
Interesting times.
tamore said:
Merc 450 said:
I'm hoping these things will eventually put the value of my 5 litre V8 F Type Jag up as they are stopping making them. People are already saying on the F Type forums they plan to buy a new one and put it in to storage as an investment.
how exciting.monkfish1 said:
tamore said:
Merc 450 said:
I'm hoping these things will eventually put the value of my 5 litre V8 F Type Jag up as they are stopping making them. People are already saying on the F Type forums they plan to buy a new one and put it in to storage as an investment.
how exciting.greenarrow said:
Genuine question, with the Ford Fiesta and Ford Focus now history, does ANYONE produce an ICE hatch with decent control weights, steering, ride, handling? I can't think of a single bread and butter hatch that delivers, as, say the old bread and butter 306s and Mk1 Focus' did back in the day....is the Golf the best of a bad bunch?
You can still buy a Focus ST if you move quickly. We’ve got one, and I can highly recommend it. Gassing Station | Car Buying | Top of Page | What's New | My Stuff