Posted on 11/18/2023 4:18:03 AM PST by Libloather
Sales of electric vehicles in the US have plateaued even though sales of cars overall remain healthy - suggesting many buyers are in no mood to ditch gasoline models anytime soon.
Over the last six months, overall car sales have been higher than they were for the same months in 2022 or 2021 - when demand for EVs was still increasing.
But in 2023, EV sales during the same period have stalled at around the 100,000- a-month mark following a period of rapid growth.
The reduced demand has seen inventories stock piled, with prices of EVs slashed over the last year.
In October the average new EV went for $52,000, compared to $65,000 twelve months prior.
Gasoline vehicles however remain the most popular choice across the US, with the gas-guzzling Chevrolet Silverado top overall.
Car sales are up two per cent compared to a year ago, despite widespread industrial action in the last few months which ground many plants to a halt in recent months.
The figures have prompted many EV manufacturers to scale back their operations amid apparently waning demand.
Ford and General Motors have both delayed investments, while Tesla Chief Executive Elon Musk suggested on the company’s October earnings call that he might slow down.
The billionaire has previously blamed higher interest rates for the stagnation in the EV market, however the comparatively strong sales of vehicles overall suggests there is more at play.
The high price of EVs, which tend to cost more to produce than traditional cars, has been cited in a recent survey by S&P Global Mobility examining customer's hesitation to purchase.
(Excerpt) Read more at dailymail.co.uk ...
So Deep State can continue to export record amounts of it....?
Drill, baby, drill has a different meaning for Deep State.
EVs will replace ICEs!.
Wine Coolers will replace Beer!
Useful idiots all used up.
The “early adopter” market, which can afford to pay a hefty premium for ridiculously limited utility, has been saturated.
But mass market buyers are looking at EVs and saying “no thanks”.
Sales of EV cars has Plateaued.
Ha ..push them all off the plateau Into the fjord....a good dose of salt water will cool their jets.
The next eco-wacko move will be to make gas stations “disappear”, prompting mild panic among us ICE owners, and trying to push us into converting to EVs.
“The next eco-wacko move will be to make gas stations “disappear”, prompting mild panic among us ICE owners, and trying to push us into converting to EVs.”
You’ve nailed it.
Surprised they sold 100,000, but they could be and probably are lying.
They can cut that price in half and I wouldn’t buy one.
Buying the car is just the start of the expense of owning an electric car.
Then you will have to upgrade your home’s electric service and buy a charging station. All to the tune of as much as $10,000 if you don’t already have 340V service in your garage.
Speaking of garages, if you are smart you will build yourself a detached garage for your electric car so that your new treasure doesn’t burn down your house while it is on the charger.
Nope I don’t want an electric car at any price. They are not ready for prime time and I don’t want to be stuck with one when the music stops.
True
“The next eco-wacko move will be to make gas stations “disappear”, prompting mild panic among us ICE owners, and trying to push us into converting to EVs.”
You’ve nailed it.
Actually, they’re trying to get rid of ALL passenger cars. Forcing an untenable and costly electric/battery replacement for the ICE and then phasing out gasoline altogether are just the first steps.
Whole Foods (owned by AMAZON) store in Alpharetta GA just removed electric car chargers from it’s parking lot.
fjord?
Why not a chjebby?
From my thermodynamics class in 1978 I knew from day one that electric cars could never be viable. You know all the reasons. We all knew all the reasons. The signal that they would fail is the huge government subsidies required to make people buy them. So, we had taxpayers who could not afford and did not want electric cars subsidizing those who could afford them to buy a product that was below the standards of ICE cars. Now had there been some financial advantage not provided by taxpayers then they’d have taken off. If the range had been superior, along with charging times equal to filling your tank with gas, they had a chance. Even then it would be a difficult sale because the great unwashed masses who ultimately define success or failure are concerned with the infrastructure. It’s fine to have something with limited range if you’re in a nine to five job and only commute thirty miles to a university where you can plug it in for free. But the rest of us may arrive at a work site and find the materials haven’t arrived and we’re sent to another site fifty miles away. Right from the beginning people with calculators were saying, hey, when everybody has them, how will we charge the batteries? That would require many times the power and infrastructure we have now.
Apparently every idiot that can afford an EV now has one. The market is saturated. Now what?
IF they get down to $12 for a new one I’ll buy one for someone I don’t like
Deep State doesn’t care.
EVs are about saving the planet the same way CoupFlu policy is about protecting public health.
Both can be true. Most people shop on payment so the higher the price (EVs are significantly more) at a higher interest rate makes for even higher payments.
It will start through zoning and permits. No new gas stations will be approved or the restrictions on them will be so cumbersome, no one will bother.
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