The Answer To Our Problems, EV's

I'll be watching.

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  'Boycott Tesla' ads to air during Super Bowl

 

Our son works for Tesla. He has indicated that there are signs that they are cutting back on production.

 

Does it seem to anybody else that the entire US auto industry is pausing to see what happens to Chevron in June?

 

Tesla and Government Grift (Or How to Use the Federal Government to Screw Your Competitors)

https://www.autonews.com/regulation-safety/how-tesla-rakes-9-billion-other-automakers

Tesla rakes in $9 billion from carmakers failing to sell enough EVs


February 11, 2024

Tesla Inc. continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away.

The Elon Musk-led manufacturer generated $1.79 billion in regulatory credit revenue last year, an annual filing showed last week. That brought the cumulative total Tesla has raked in since 2009 to almost $9 billion.

Selling regulatory credits is a tidy business for Tesla. It earns them by making and selling electric vehicles, then sells the credits to manufacturers whose new-vehicle fleets exceed emissions limits set by various authorities, including in China, the European Union and state of California.

Tesla bears little to no incremental cost earning the credits, so the sales are virtually pure profit.

“We don’t manage the business with the assumption that regulatory credits will contribute in a significant way to the future,” then-CFO Zachary Kirkhorn said during a July 2020 earnings call. “It will continue for some period of time, but eventually this stream of regulatory credits will reduce.”

Tesla made $1.58 billion selling regulatory credits that year. While the company generated about 7 percent less credit revenue in 2021, it’s brought in more than $1.7 billion each of the last two years.

It’s no secret that auto executives rue that they have to kick money Tesla’s way for this purpose.

“It really makes them mad that Tesla got so much of a boost out of being the only purely electric-car manufacturer out there,” Mary Nichols, the former chair of the California Air Resources Board, told Bloomberg News in 2017. “In effect, they helped to finance this upstart company which now has all the glamor.”

While more EV makers have emerged since then, Tesla’s regulatory-credit business may still have room to run.

Automakers including Volkswagen AG and General Motors Co. have fallen short of their EV goals and delayed or canceled electric-vehicle manufacturing investments. VW and GM both have needed help meeting emissions standards in recent years, as has Honda Motor Co. and Jaguar Land Rover.

Meanwhile, emissions rules aren’t getting any easier. Europe has set stricter car-emissions targets starting next year and from 2030 onward, while the UK adopted a zero-emission vehicle mandate beginning this year.

 

EV's are shifting into reverse.
Mr. Bean Was Right – and So Was Toyota
Guest Blogger
What Mr. Bean and Toyota are truly saying to the world is that mandates – government deciding what can and cannot go to market – and the huge subsidies that…

 

Government run markets will do what government run markets have done throughout history.......

https://fortune.com/2024/02/21/tesl...sending-checks-leasing-firms-compensate-them/

 

Nothing comes from attempt to manipulate markets. Pay now or pay later.

 

The nail in the coffin for artificially inflated EVs.

https://www.cnn.com/2024/02/23/poli...ourt-regulations-biskupic-analysis/index.html

 

Meanwhile, in Europe:
EU Proposed Ban on Repairing Cars Older than 15 Years.
Charles Rotter
When ownership becomes a crime.

 

Shades of California. They tried doing that back in the mid-90s. Until owners of cherry '55 Tbirds started saying "over my dead body you will". The idea died pretty quickly.

 

I think that they banned black cars for awhile after it was pointed out that it was the type of window in the car that made it hot and more AC was needed spewing out a few extra grams of CO2.

 

Another cogent and relevant analysis of the financial side of wunderkind Tesla.

https://www.fool.com/investing/2024/02/26/opinion-the-tesla-growth-story-is-officially-dead/

 

Soon they may be trying to give away EV's.
E-Car Sales Stall In Germany…Trend Shows Country Will Fall Far Short Of 2030 Target
By P Gosselin on 25. February 2024

High cost, inconvenience, low range and battery issues continue to plague e-vehicles in Germany. Consumers not opting for e-cars.

Currently sales of electric vehicles in Germany have stalled and the country is not even anywhere close to being on the sales trajectory to reach its 15 million vehicles target by 2030. Currently just over 1 million of the 48 million cars on the road are e-cars. Consumers remain skeptical and do not accept e-vehicles as a real alternative to their reliable internal combustion engine cars.

Dr. Olaf Zinke reported at Agrarheute.de 3 reasons that make e-vehicles unattractive for consumers.

No. 1: Price, used car value

Buying a new e-car in Germany means having to shell out between 30,000 to 50,000 euros. “Models in the upper price segment often cost between 80,000 and 100,000 euros, say the experts at the price comparison portal Verivox.

No. 2: Range

Most e-cars need to be recharged every about every 200 km or so, far below the range typically suggested by manufacturers. And as the battery ages, performance declines.

Moreover, Germany’s charging infrastructure still has a long way to go and and so charging can be a real challenge at times. Many homeowners don’t have a charging wall box, and city apartment dwellers often lack parking places with the possibility of charging. This makes e-cars inconvenient to own.

No. 3: low demand for used e-cars

“At the same time, used e-cars are almost unsaleable. Who would buy a used e-car when they can have a petrol car that will serve them well for many years for less money?” reports Zinke.

A regular, used internal combustion engine car is more reliable, quick to refuel and will travel many hundreds of kilometers for much less money.

 

Government in action. All this economic damage for nothing.

 

And for anybody who still doesn't get the fact that EVs suck at doing work/heavily loaded, here's a primer on what that means.

It isn't the electric running gear, it's the fixed capacity, low energy (compared to fossil fuels), heavy batteries. And there's no magic fix anywhere in sight.

https://www.motortrend.com/reviews/...g-lariat-long-term-update-13-how-does-it-tow/

 

Well, it's a solution in search of a problem.

 

Another Tesla horror story. Luggage or a specialized spare capable of handling the extreme weight of the ev.

https://www.wsj.com/articles/the-da...MER_h#:~:text=When we planned,time, we’ll fly.

 

I can't even imagine taking a road trip without a spare. And if the tire is "special" and hard to easily get--hell that's the 2nd reason you need a spare.

 

Yup. At least it's not as bad as Germany where it is "eat or heat".

 

My Miata doesn't have room for a spare, so I invested in run-flats.

 

And aren't EV tires something like $450 each?
And they last, what, 9000-10,000 miles each?

 

Wow. What is the carbon footprint of an EV tire?

 

Actually, their most damaging footprint is the damage they cause to streets and roads because of the heavier weights of EVs. Which is far more tangible than a little puff of CO2.

 

Yes. Hope and pray you don’t get hit by one.

 

Another result of the ill advised and counter productive Covid lockdowns has bee the boom in EV production followed by the current bust in EV demand as the realities, costs, and inconveniences of EV ownership are becoming more obvious every day.

https://www.theepochtimes.com/opini...591179#:~:text=Truly, this has,by the experts.