Thank the Fed and current idiots running this place. I drove past that battery plant on the way to Bowling Green Corvette Assembly, museum, the other day, and it is freaking huge.
Akiyo Toyota is probably laughing his ass off right now.
A year ago people were saying Toyota will be gone because they’re lagging in autonomous vehicles and EVs.
Today, GM cruise is shut down and all the major US automakers are canceling or delaying their EV production plans. Toyota backed Aurora is probably the leader now in car-company backed (as opposed to tech-company) autonomous vehicles.
Yet Tesla is doing well, weird how legacy auto was claimed to come in and show Tesla how its done and… now they are all failing lol
As much as the MSM and Reddit hates Elon Musk, he absolutely owns the EV space and likely will for 5-10 years. Tesla is literally the only sensible EV option.
No shit. All vehicles are too expensive and the auto industry has no one to blame but themselves. They’ve been so preoccupied with making SUVs with insane profit margins that they never considered that there’s a finite number of people who are willing to drop $70k on a run-of-the-mill SUV.
This is the third maker pulling back on EV investment this week. Last was Honda/GM.
They keep making high market EVs with MSRPs between 40-90k. Even for the more affordable models, pricing has turned into a market where you pay the manufacturers 10-15k over the market value for an equivalent gas version in advance for the fuel costs + a premium as the makers milk the living shit out of early adopters. Also add about $20-30 to charge an EV in my market.
Not only is the market is speaking. But they’re likely thinking EVs are disposable appliance vehicles that tank in value quickly. And those without home charging are a 100% no.
Add the overall shit car market right now with shortages, low inventory, long waits, high rates, EVs are a hard sell.
Not sure what the solution is, but if my state at least is going keep to the 2035 plan a lot of things need to change on the EV front.
Thats nice to see.
Real fed forces
Feel bad for anyone who already bought a mach e and Ford lightning. They will be relics. With marginal service currently, and phased out service altogether in the near future. Sell them used while you still can.
Cybertruck is going to have a hell of a time selling when the real pricing comes out and interest rate to be determined by then.
Too much too fast, been saying it all along. We should still be in the “Range Extended EV” phase right now, cars like the Volt where you’ll never use a drop of gas on your daily commute but if you need to drove 800 miles you can just fill the gas tank as needed (and it still gets 40mpg).
Full EV, until charging becomes as fast and convenient as filling a gas tank, is not practical for anything but a strict commute in well developed areas. And as it turns out, a whole bunch of the country isn’t quite up to speed on even basic EV infrastructure let alone a charging grid that can handle fast and convenient charging on par with gas station refueling, and as such, they still need gas engines.
Too much, too fast. We are not ready for a full transition to EV and I feel like we’ve just set ourselves backward by jumping the gun instead of embracing the intermediate tech… which I believe happened because people made fun of the Volt for some reason.