The Answer To Our Problems, EV's

I suppose you like the Stellantis vision statement on Electrification? I wouldn't buy any of their EVs. They're way too far behind.

https://www.stellantis.com/en/technology/electrification

We are setting the course for 100% of sales in Europe and 50% of sales in the United States to be battery electric vehicles (BEVs) by the end of this decade. And we plan to offer more than 75 battery electric vehicle models and reach global annual BEV sales of 5 million units by 2030.

 

All that is nothing but pablum to appease the green energy fringe who stridently believe that there is an imminent global warming catastrophe. They have no intention of doing that especially in light of the collapsing EV market currently taking place.

 

Yeah, they just spend a lot of shareholder money to fake this stuff. Meanwhile Honda now has the Prologue, Hyundai the Ioniq, Nissan the Leaf, etc. American carmakers aren't going to be competitive. GM had a good thing going, when they won car-of-the-year in 2017. Two years later they discontinued it. GM tried to kill the EV industry a 2nd time, with their fire-warning fiasco, but Tesla showed them who's boss.

 

They are spending taxpayer money to fake this stuff. All car companies want to cash in on government subsidies and credits against the "CAFE standards" which every nation has.

 

What subsidies are car-makers "cashing in on" in the US?

 

Happy to educate at every opportunity:

https://nypost.com/2023/10/30/busin...electric-vehicles-could-be-the-next-big-flop/

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.texaspolicy.com/wp-content/uploads/2023/10/2023-10-TrueCostofEVs-BennettIsaac.pdf

 

You think the ICE and the oil industry aren't going to claim "subsidy" for everything under the sun. That's the equivalent of Trump saying that Biden is a threat to democracy. "Charging Stations" - really? In that case let's start counting every medical case of asthma, lung cancer, and other respiratory ailments from pollution from ICEs. Oil tanker ships traveling from the Middle East have military escorts? Most radioactive wastes from petroleum refining, and there are a lot, are handed over to the NRC?

https://www.eesi.org/papers/view/fa...-closer-look-at-tax-breaks-and-societal-costs

There is a long history of government intervention in energy markets. Numerous energy subsidies exist in the U.S. tax code to promote or subsidize the production of cheap and abundant fossil energy.

...and much, much more

 

Complain to your Congressman. The only "subsidies" that the Oil Industry gets are depletion allowances and the ability to expense capital equipment instead of depreciating it. Those help the small oil drillers. It doesn't matter to the large oil companies. There is not medical cases of asthma, lung cancer, etc. from the emissions of internal combustion engines. The air is cleaner than it's ever been due to catalytic converters and increased efficiency of internal combustion engines. A military escort in a war zone protecting against terrorist like the Houti's is a subsidy? Radioactive wastes from petroleum refining?

The great increase in the rate of improvement in the global standard of living is due to first agricultural technology improvements followed closely by the implementation of fossil fuels for electrical generation and transportation. Start counting the positive externalities of fossil fuels before even going to the link you posted.

BTW Biden is a threat to democracy. His latest budget proposal for ~ $7T is a great advancement toward socialism and wealth seizure by the government.

 

Their problems in China are political, not automotive.
Certainly some companies will do better than others, as always, but US car sales are projected to increase slightly in 2024 over what was a very good 2023.

 

Lack of vision and late-to-the-game philosophies will doom them.

 

Avoidance of the expensive passing fad of EVs will save them.

 

They'll probably start the layoffs soon. A 152-day glut inventory of non-desirable gas guzzlers on lots around America - that's a huge problem - can't keep making more, and can't keep paying a workforce.

 

We shall see.
Stellantis sales drop in 2023, but Jeep, Ram have better ...

Detroit Free Press
https://www.freep.com › cars › chrysler › 2024/01/04

Jan 4, 2024 — Stellantis' U.S. sales were down slightly for both the fourth quarter and the full year in 2023, although the company's key Jeep and Ram brands ...

 

If a vendor sells a few widgets one year, and makes more and more widgets in the first quarter of the next year, and none of them sell. They stack up on the shelves of vendors. What's going to happen?

 

They will be fine.

 

The company will hang around, but layoffs are inevitable.

 

We shall see.

 

I'm from Dearborn, MI and I'm second generation automotive as my dad also retired from Chrysler back in the 80's. Periods of slow sales are and have always been part of the game. Nobody goes to layoffs that quickly because some products are staying on the lot too long.

What you're seeing right now in automotive is the reaction to this insane government mandate that's insisting automotive companies sell vehicles no one wants (ie.- EVs) and stop making vehicles everyone does want (ICE). It's what you get when government takes over the economy. It's happened with regularity throughout history. Government is really bad at trying to run markets.

However, at this moment, it's looking like the Supreme Court is going to gut EPA's right to regulate CO2 in June, obliterating the artificially propped up EV market in this country (and quite possibly Tesla itself) and letting automakers get back to doing what they know how to do, sell good vehicles that people actually want.

Of course, that will likely have a knock on effect of dismantling the Paris Accord agreements since America will be powerless to enforce their commitment to it.

And then perhaps "global cooling/warming/climate change" will simply revert back to being some fringe group yammering that nobody will ever be forced to listen to again.

And won't that be grand!

 

Sure, I suppose most of the ICE companies that are building out-of-date junk, want to blame their woes on Biden.

 

A) They're not building out-of-date junk. They're building technically superior work machines. And the ability to do work is what drives and undergirds society so all the paper pushers can live.
B) EVs can't compete on a level playing field. So stop trying. Remove the artificial incentives and let's see how EVs naturally do. My guess will be a return to a 2 or 3% market share and no profitability like the previous 20 or 30 years of their modern incarnations.
C) Biden's got nothing to do with it and nothing he can do to stop it. He's just the incompetent and impotent placeholder occupying the White House as EVs collapse.

 

I posted this a few weeks ago but it's a classic real world comparison of ICE vs EV.

Ms. McClain is the Journal’s Joseph Rago Memorial Fellow.

https://www.wsj.com/articles/electr...text=Electric trucks are,Rago Memorial Fellow.

 

Sure that's why Stellantis ICE cars are sitting on lots with 3x the normal inventory. Layoffs coming soon. That's inevitable.

I will never go back to an ICE. At the minimum I would buy another PHEV. The regenerative braking gives an additional 20% efficiency over ICEs, where all that power is wasted. Plus now Utilities are starting to offer huge electricity savings, if charging at night. Prices of EVs are getting lower than ICEs. BYD has a beautiful car (The Dolphin) priced under $10K. A lot of countries are phasing out incentives. Don't need them any more. An ICE purchase is the equivalent of buying a flip-top phone.

Biden is doing a great job providing incentives for renewables and EVs. Mayors and governors are thankful for his efforts, as it helps them to achieve EPA air quality standards.

 

All of which should be obvious to anyone with half a brain cell.

 

Says the auto industry expert.

Good for you. Noone's ever said you have to. And since you apparently don't really do any genuine work in the physics sense, there's no reason for you to care.

Congrats.

Again, since you're largely unacquainted with how the Federal government actually works, perhaps you can study up so June isn't as much of a shock to your system.

 

Looks like the final EPA rule for the asinine CO2 EV forcing mandate will drop Wednesday.

https://www.politico.com/news/2024/03/14/epa-climate-rule-cars-00147045

Here's hoping once again that the Supreme Court comes through in June.