by theluckycountry » Mon 01 Apr 2024, 20:43:58
$this->bbcode_second_pass_quote('mousepad', '
')Kub, did you read this?
$this->bbcode_second_pass_quote('', 'w')hat these cars do well: short daily trips that can be taken in small, affordable cars
And nothing that can't be done cheaper with a hybrid or small gas car anyway. The whole EV car concept needs to be tossed in the bin just like the self-drive car concept has been. Electricity supply, that's the weak point. Gasoline supply has a very robust supply chain. It can suffer breakdowns all along it's length and still function normally as we have seen. When was the last time you couldn't get Gasoline? I have never in 60 years encountered a time I ran out, other than my own error to fill a tank. You see a hurricane coming, you fill up, if you're smart you fill up a couple of cans too. Let the power go out for a few days or a week or two, you're still on the road. Cyclones happen here all the time, and the odd tornado that knocked out power for a whole mountain of people, for a week and more! An EV? It becomes a driveway ornament.
https://www.youtube.com/watch?v=EBWlt3yqiCwHow do they clean up and get the power going again? Oil.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
by theluckycountry » Tue 02 Apr 2024, 19:29:34
How can you have an EV car revolution when you don't have EV makers?
Tesla Shares Plunge After Suffering First Q1 Delivery Decline Since 2020Tesla shares are plunging heading into the cash open after the automaker reported Q1 deliveries and production that fell far below estimates.
https://www.zerohedge.com/markets/tesla ... cline-2020Sorry Adam_b, Sorry kub, PeakEV, come and gone, as predicted.
the-electric-vehicle-ev-thread-pt-14-t78588-480.html#p1493910$this->bbcode_second_pass_quote('', 'P')eak EV, we have reached it boys and girls, the music has stopped and everyone is scrambling for the chairs, or the exits in this case. As always, the lowly consumer will be the big loser, from the aging ever depreciating golf cart in their driveway to the losses they experience in their pension from the ongoing collapse of the EV makers.
The TSLA share price peak was in Nov 2021 @ $380. Today the price per share is $230 and trending down. A 40% loss in a time of rampant inflation! Oh and Tesla is the bright spot in the EV complex, many have gone to zero.
Now $166
Of course these are the prices after the 8x stock splits that were designed to hide the magnitude of the falls. Correcting for these shenanigans,
High- $3040
Current- $1300
Not a pretty picture is it. The price was actually lower in late 2022 but a rebound is normal after a massive collapse. Look at the rebound in the DOW after the 1929 collapse. Nothing goes straight up or straight down in the investment world.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
-
theluckycountry
- Light Sweet Crude
-
- Posts: 5254
- Joined: Tue 20 Jul 2021, 18:08:48
- Location: Australia
-
by kublikhan » Tue 02 Apr 2024, 20:51:49
$this->bbcode_second_pass_quote('theluckycountry', 'S')orry Adam_b, Sorry kub, PeakEV, come and gone, as predicted.
As usual, you are making up BS. EV sales continue to break records:
$this->bbcode_second_pass_quote('', 'A')s the shift toward an electrified future continues, a record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023, up from 5.9% in 2022.
Specifically, in Q4 2023, EV sales hit a record for both volume and market share, with sales reaching 52% higher than in the fourth quarter of 2022.
Americans Buy Nearly 1.2 Million Electric Vehicles to Hit Record in 2023, According to Latest Kelley Blue Book Data$this->bbcode_second_pass_quote('', 'L')ast year, U.S. sales of EVs were the highest ever, both in sheer numbers and as a percentage of the overall new-car market. Global sales: ditto. The EV Sales Tracker from EVadoption estimates nearly 1.2 million battery-electric vehicles and another 190,000 plug-in hybrids were sold in 2023, totaling 1.36 million vehicles. That's 8.8 percent of the total of 15.5 million, per Wards Intelligence—and it represents EVs' highest-ever share of new-car sales.
Moreover, 2024 is expected to set another new record for volume of EVs sold and their share of the total market. Colin McKerracher of Bloomberg projects 2024 EV sales in the U.S. at just under 1.9 million units, making up 13 percent of new-car purchases. This year should see fewer of the supply constraints that hobbled availability over the last four years.
More new vehicles with plugs are on sale in the U.S. this year than ever before. They'll sell better this year than they did last year.
Car and Driver: EV Sales Are Just Getting Started$this->bbcode_second_pass_quote('', '[')b]Global EV Sales Break Record For January
Rho Motion crunched the numbers and came up with a record breaking sales pace of 660,000 electric vehicles sold globally in January. That was 12 months ago, back in January 2023. This year’s January EV sales blew past that mark by 69% for a total of more than 1 million.
The oil barrel is half-full.
by theluckycountry » Wed 03 Apr 2024, 18:31:28
$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('theluckycountry', 'S')orry Adam_b, Sorry kub, PeakEV, come and gone, as predicted.
As usual, you are making up BS. EV sales continue to break records:
$this->bbcode_second_pass_quote('', 'A')s the shift toward an electrified future continues, a record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric
last year. ...
Specifically,
in Q4 2023, EV sales hit a record for both volume and market share...
$this->bbcode_second_pass_quote('', '[')b]
Last year, U.S. sales of EVs were ...
Moreover, 2024
is expected to set another new record for
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
by kublikhan » Wed 03 Apr 2024, 22:01:14
As usual, more BS. EV sales are up globally. US? EV Sales are up. Europe? EV Sales are up. Latin America? EV Sales are up. India? EV Sales are up. I know you have trouble with reading comprehension, but included in my previous posts were figures for this year. So I will post it again, plus other articles for this year:
$this->bbcode_second_pass_quote('', '[')b]Global EV Sales Break Record For January
Rho Motion crunched the numbers and came up with a record breaking sales pace of 660,000 electric vehicles sold globally in January. That was 12 months ago, back in January 2023. This year’s January EV sales blew past that mark by 69% for a total of more than 1 million.
January 2024 Breaks Global EV Sales Record$this->bbcode_second_pass_quote('', 'S')ome 202,000 plugin vehicles were registered in February in Europe — which is +10% year over year (YoY).
Half of the European car market is already electrified, in some way. But for some to grow, others must come down, and diesel (-5% YoY) is the starkest example. Diesel vehicles had only 12% of the European passenger car market in February, a far cry from the 50% share it had in 2015 or the 55% average it experienced before that. At this rate, in this category, diesel will be dead by 2027, well before the 2035 ICE ban.
Tesla Rules In Europe — Europe EV Sales Report$this->bbcode_second_pass_quote('', 'M')arch 13 - 2024- Charles Lester, Leading EV Data Analyst at Rho Motion, said: “We’re encouraged to see the
global EV sales steadily increasing year on year as the global market has grown by 32% so far in 2024. Relatively new regions to EVs such as Latin America and the SE Asia peripheries are rapidly expanding and we can expect these to be the fastest growing markets for some time to come.”
China was the strongest region for sales growth with the US and Canada not far behind. In 2024 year-to-date, China recorded a 34% increase in sales. China’s growing dominance in the EV space was highlighted by BYD overtaking Volkswagen as the country’s top-selling brand.
Global EV sales increase in 2024 YTD, BYD world’s top exporter$this->bbcode_second_pass_quote('', '[')b]Annual electric vehicle sales in India touched 1.67 million units in FY 2024, 42% up year-on-year.
OutlookThe report stated the EV sales in India grew tremendously in the last few months of FY2024. It expects this momentum to continue as the government has lined up EMPS (Electric Mobility Promotion Scheme) starting from April 1, 2024, along with FAME-III, which will soon be rolled out to accelerate EV adoption with suitable incentives across categories.
The oil barrel is half-full.
by careinke » Thu 04 Apr 2024, 00:21:33
$this->bbcode_second_pass_quote('kublikhan', 'A')s usual, more BS. EV sales are up globally. US? EV Sales are up. Europe? EV Sales are up. Latin America? EV Sales are up. India? EV Sales are up. I know you have trouble with reading comprehension, but included in my previous posts were figures for this year. So I will post it again, plus other articles [b]
Sometimes Lucky has a hard time letting go of outdated paradigms, even when presented with facts. For example he still believes shinny rocks outperform inflation.
PEACE
Cliff (Start a rEVOLution, grow a garden)
-
careinke
- Volunteer
-
- Posts: 5047
- Joined: Mon 01 Jan 2007, 04:00:00
- Location: Pacific Northwest
-
by kublikhan » Thu 04 Apr 2024, 00:29:09
And as for your "sales are a lagging indicator", so you want to look at forward looking indicators now? Ok let's do that:
$this->bbcode_second_pass_quote('', 'S')&P Global Mobility's 2024 global sales forecast projects battery electric passenger vehicles to be on track to post 13.3 million units worldwide for 2024 - accounting for an estimated 16.2% of global passenger vehicle sales. For reference, 2023 posted an estimated 9.6 million BEVs, for 12% market share.
S&P: 2024 EV forecast: the supply chain, charging network, and battery materials market$this->bbcode_second_pass_quote('', 'A')s the electric vehicle (EV) market continues to heat up, automakers are going all in on electrification. Vehicle manufacturers and battery makers plan to invest $860 billion globally by 2030 in the transition to EVs. Nearly a quarter, $210 billion, is expected to be invested in the United States, more than in any other country.
Major markets are forecast for most of this volume, though smaller markets will also see modest increases. Forecasted BEV share by region is as follows:
$210 Billion of Announced Investments in Electric Vehicle Manufacturing Headed for the U.S.$this->bbcode_second_pass_quote('', 'C')analys forecasts light vehicle sales in Greater China to grow 1% to 22.7 million units in 2024. EVs are projected to reach 9.1 million units, taking up 40% of total sales. Drops in battery cost will further drive BEV sales in the compact and subcompact vehicle market.
“Appealing new EVs were launched at the end of 2023, setting the stage for 2024,” noted Alvin Liu, Analyst at Canalys. “EVs are the core growth driver for the vehicle market in Greater China. EVs from Chinese carmakers, which are expected to take up 78% of the market in 2024, are pulling ahead, widening the user experience gap compared to internal combustion engine (ICE) vehicles. The latest battery technologies and improving infrastructure address charging anxiety. The formation of charging ecosystems, such as NIO’s Battery Swap Alliance, Mercedes-Benz and BMW’s Super Charging Network and Lotus’s Flash Charging Alliance, will further grow BEVs’ market share. However, maintaining a growth rate of over 50% this year is impossible as EVs have reached a critical mass and convincing the remaining EV skeptics will be a growing challenge.”
Canalys predicts that the 2024 European light vehicle market will sustain a growth of 2% to 3%, with EVs taking up 24.2% of the market share, shipping 3.9 million units. “Europe’s EV market has started transitioning from policy-driven to product-driven in 2024, a necessary phase in the industry’s transformation,” stated Jason Low, Principal Analyst at Canalys. “The subsidy restriction will slow down EV demand and the looming price war will threaten not just EV goals but carmakers’ electric transition confidence. To counter such challenges, carmakers in Europe are set to make the EV market more affordable by releasing new models such as the KIA Niro EV, BMW IX2, Renault 5, Citroen e-C3 and others. European carmakers should be aware of Chinese carmakers eyeing Europe, as they are expected to deploy similar product and pricing strategies while continuing their efforts to establish local production in the region, like that of BYD, SAIC and other positive OEMs.”
Canalys predicts that in 2024 the North American EV market will grow 26.8% to 2.2 million units but with the lowest EV penetration at 12.5%, compared to Greater China and Europe. “In 2024, EV product range will expand, covering mini vehicles, full-size SUVs and pickups, effectively broadening EVs’ target user range, supported by a unified charging standard as more OEMs join Tesla's North American Charging Standard (NACS), addressing some of the EV sales obstacles.”
Global EV market forecasted to reach 17.5 million units with solid growth of 27% in 2024$this->bbcode_second_pass_quote('', 'M')anufacturers have invested billions in US EV and EV battery factories in the last year – here’s how it breaks down.
US EV investmentsSince President Joe Biden signed the IRA into law, manufacturers have made more than $92.4 billion of concrete investments in EV and EV battery factories in the US.
And in the same time frame, more than 80,000 new direct US EV-related jobs have been announced. Some of these new jobs are for facilities that are already operating, and others are based on company announcements and are in the pipeline.
EDF researchers also noted rapid growth in US production capacity over the last six months. By 2026, US EV manufacturing facilities will be able to make about 4.7 million new passenger EVs annually – that represents 36% of all new vehicles sold last year. And by 2027, US facilities alone will be able to produce enough batteries to supply 12.2 million new passenger EVs each year, which represents 95% of new vehicles sold last year.
The oil barrel is half-full.
by theluckycountry » Thu 04 Apr 2024, 08:03:01
Toyota Has A 'We Told You' Moment As Stock Climbs 32% Year To Date
$this->bbcode_second_pass_quote('', 'W')hile everyone continues to disparage Tesla after its disappointing Q1 2024 sales performance, the market is favoring Toyota even more. The Japanese automaker’s share prices are up 32% year to date, whereas Tesla is down 33%...
Comparing the two head-to-head is unfair, of course, they’re not direct rivals. Tesla is a different beast, selling only battery electric vehicles, whereas Toyota offers everything from a gas-guzzling Land Cruiser to the Prius Prime plug-in hybrid and the lackluster bZ4x electric crossover. (EV)
But many experts consider that the EV industry here in the U.S. is past its first- and second-wave early adopter phase. The next wave of EV buyers want affordable EVs priced under $30,000, and they don’t want to worry about charging and range. That's exactly where Toyota's hybrids come into the picture. (Gasoline Powered)
Here’s a solid take from market analysis firm TipRanks this morning:
Naturally, the price war is helpful for TM stock for two main reasons. First, the reason for any price war centers on a lack of demand. It’s an especially powerful dynamic when Tesla—the EV market leader—is the one initiating the bitter competition. If it was an upstart entity looking to make a name for itself, that’s understandable.
Tesla? The company shouldn’t need to resort to such tactics because it has tremendous social cachet. So, something must seriously be wrong with the broader EV market.
While carmakers rush to build affordable EVs to thwart Chinese automakers's potential attempt to penetrate the U.S. market with irresistibly cheap EVs, Toyota can just continue doing what it does best. That includes selling conventional hybrids, PHEVs, and gas-powered models while working behind the scenes to bring 10 new pure electric cars to the market by 2026.
https://insideevs.com/news/714827/toyot ... ares-drop/Note: This story comes from insideevs, a very pro EV website. Kudos to them for reporting the facts as ugly as they are. As for Toyota's "working behind the scenes to bring fully electric cars to market in 2026", well considering how quickly Ford and VW and others have backed away I wouldn't be holding my breath. Read the full article by all means, for brevity I cut out the obvious distractions like Elon Musk blaming everyone but the tooth fairy for his lack of sales.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
-
theluckycountry
- Light Sweet Crude
-
- Posts: 5254
- Joined: Tue 20 Jul 2021, 18:08:48
- Location: Australia
-
by theluckycountry » Thu 04 Apr 2024, 08:19:13
$this->bbcode_second_pass_quote('careinke', '
')
Sometimes Lucky has a hard time letting go of outdated paradigms, even when presented with facts. For example he still believes shinny rocks outperform inflation.
PEACE
Thu 04 Apr 2024
Re: THE Precious Metals: Gold Thread 2023 (Merged)
$this->bbcode_second_pass_quote('theluckycountry', ' ')US Gold price now $2300, due for a correction perhaps? We holders of the metal don't like to see it go up too far too fast but perhaps this is just a catchup with the insane inflation we've all just lived through.
That's a trend I became aware of long ago, Gold follows inflation, with a lag. I posted that earlier inke, it's a principle I have stated many times. You understand what my post says don't you? It says the opposite to what you claim I believe.
I know I know, you have your moments, and I'll cut you some slack this time too since ShiteCoin is doing what it always does, following the techie stocks down. Yes, it's a stock now basically, it's Saylor's MicroStrategy et al.
https://finance.yahoo.com/quote/MSTR?.tsrc=fin-srchYou know he's been a Huge inside seller don't you. You must have read my post on it? That company is toast. Makes you wonder why he's selling out given that it now hodls 1% of all BT...
Hint: He knows a lot more about BT than careinke ever will.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
by theluckycountry » Fri 05 Apr 2024, 04:10:10
$this->bbcode_second_pass_quote('kublikhan', 'E')V sales are up globally. US? EV Sales are up. Europe? EV Sales are up.
Some 202,000 plugin vehicles were registered in February in Europe — which is +10% year over year (YoY).
YOY, so frigging what. Today...
EV Sales Nosedive in EU https://www.youtube.com/watch?v=f5uwmOqU36sFord EV unit’s pretax losses expected to jump to more than $5bn as US electric vehicle sales growth slows to 2.7% https://www.theguardian.com/business/20 ... -truck-suvWhat happened to the 8% lol. Sorry, the EV dream you were promised is currently unavailable.
$this->bbcode_second_pass_quote('', '[')b]Half of the European car market is already electrified, in some way.
In some way? kub must mean the manufacturing and retail outlets have electric lighting.
$this->bbcode_second_pass_quote('', ' ')Brazil’s two largest car manufacturers, Volkswagen from Germany and General Motors, have also announced new investments worth billions of dollars.
Ahhh, Crystal ball sales added.
Lets face it, last December was the peak of sales globally, and since then they have TANKED! Here read the burb from an EV fanboi site.
$this->bbcode_second_pass_quote('', 'G')lobal Electric Vehicle sales have increased by around a third in early 2024 compared to the same period last year, according to data complied by EV research house, Rho Motion.
EV sales total 1.9m globally so far in 2024 compared to 1.5m the same period in 2023.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
by kublikhan » Fri 05 Apr 2024, 05:54:28
Lucky, as has been explained to you numerous times, car sales tend to peak late in the year and then fall at the start of the year. This is not just EV cars, this happens in the general car market as well.
$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('', 'H')alf of the European car market is already electrified, in some way.
In some way? kub must mean the manufacturing and retail outlets have electric lighting.
Ignorance is bliss I guess. Electrified in this context means the car had some degree of electric drive. Meaning we are not just talking about BEV, but also PHEV(plug in hybrid), HEV(full hybrid), MHEV(mild hybrid). I know you prefer to dumb everything down to two car types: ICE and not ICE. But out in the real world there are many different types of electrification. And in Europe, if you add together BEV and all of the various types of hybrid cars, they make up over half of the market. Crazy huh?
$this->bbcode_second_pass_quote('', 'I')n March, electrified car sales made up about 63% of total European car sales.
Volvo sees record sales in March boosted by electric SUV sales$this->bbcode_second_pass_quote('theluckycountry', 'T')here it is again, YOY. Like the 43% collapse in sales doesn't matter.
Again, all car sales fall from end of year to the start of the new year. This happens every year for all car sales, including ICE. That's why they look at YOY figures. For example, here's what all car sales looked like in the US from December 2023 to January 2024:The oil barrel is half-full.
by kublikhan » Fri 05 Apr 2024, 14:32:54
There was a spike in all used car prices(including ICE) during 2021-2022 because of COVID supply chain disruptions. This affected EV and ICE alike. However now prices are coming down:
Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy SpikeIn addition, there is a price war going on in the new EV market. Of course, this affects used EV prices as well. Personally I think EV prices coming down is a good thing. EVs have always been too expensive for my taste.
$this->bbcode_second_pass_quote('', '[')b]Sticker prices for electric vs. gas cars
According to data from Cox Automotive (parent company of Kelley Blue Book), the average price paid for a new EV has fallen significantly—in September 2023, it came down by $14,300 over the prior year. This amounted to a cost of just $2,800 more than the average paid for a new gas-powered vehicle. And with the EV market growing rapidly, the price margin is expected to shrink even more in the coming years as manufacturers produce more affordable models and improve battery technology, the most expensive part of an EV.
$this->bbcode_second_pass_quote('theluckycountry', '-')GM, Honda scrap plans to co-develop 'affordable' sub-$30,000 EVs
-Shares of Renault jumped 5% in early deals Tuesday, hours after cancelling plans to publicly list its new electric vehicle
-Ford said customers in North America are unwilling to pay a premium for an EV. The company, in turn, is postponing about $12 billion in EV
-General Motors will scrap production of its top-selling electric vehicle, the Chevy Bolt
-GM CEO Calls It QUITS on EVs, PHEVs Are Back On The Table
-Volkswagen cuts EV output in Germany as demand craters
Don't believe the Lies, look what's before your very Eyes.
And read past the clickbait headline to see what the car companies are actually doing. I clicked on one of your clickbait headlines in the past that said something like "EV Sales are DEAD!" Then I actually read the article and it said: "The EV growth rate is lower than automotive companies were forecasting." Well that doesn't exactly make people's clicking fingers twitch like "EV sales are DEAD!" now does it?
The exact same sort of thing that is going on with the other clickbait headlines you posted. For example, "GM CEO Calls It QUITS on EVs" Sounds bad for EVs right? EV fanboys obviously must have missed this little nugget eh? But what did the GM CEO actually say? She said they are pushing out some of their EV production plans, but still plan to be out of the ICE market by 2035. Now that is quite a bit different from the clickbait headline you posted.
$this->bbcode_second_pass_quote('', 'G')eneral Motors CEO Mary Barra said Wednesday
the Detroit automaker still plans on moving to all electric vehicle sales by 2035 even as it has recently delayed some EV production. GM still planning to end gas-powered vehicle sales by 2035 -- CEO$this->bbcode_second_pass_quote('', '[')b]What Was Actually Said
GM's existing EV strategy is not, in fact, changing. Barra doubled down on "eliminating tailpipe emissions from light-duty vehicles by 2035" in yesterday's investment call. In fact, the plan for 2024 hasn't changed a bit. This year, GM plans to launch gas-powered, non-hybrid Chevy Equinox, Traverse,Tahoe, andSuburban SUVs as well as an updated GMC Acadiaand next-generationBuick Enclave for the 2024 model year. Additionally, on the all-electric front, the automaker has plans to introduce or expand production of its Silverado EVandGMC Sierra EV pickup trucks, the all-new Equinox electric SUV, and luxurious Cadillac Escalade IQandCelestiq (along with the existing Lyriq).
Considering no changes for 2024's plan, any potential new hybrid trims or models will come next year or later, and as additions to, not replacements for, its overall BEV plan. "Our forward plans include bringing our plug-in hybrid technology to select vehicles in North America."
The oil barrel is half-full.
