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Wednesday, October 18, 2023

EV Reality Setting In At 9%

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The open 'free' market for US automobiles is coming to an end.
Big Government is killing the 'free' market with mandates and taxes and soon customers will have very few gasoline cars to choose from and they will be very expensive as will the gas to run them.
Working-people will be hard pressed and massive subsidies will be required for them as they sit in 1974-type gasoline-lines with their old-end-of-life gas-cars.
The well-to-do folks will be paying thru-the-nose for EV-cars and the electricity to charge them and maintain their homes.
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WSJ: Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating
Sales growth has slowed in the U.S. as car companies are finding a limited pool of consumers willing to pay more for these models

Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating - WSJ
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Some car companies, such as
Ford Motor F -1.50%decrease; red down pointing triangle
and
Toyota Motor TM -1.21%decrease; red down pointing triangle
, are tempering their expectations for EVs and shifting more resources into hybrids, which have been drawing consumers at a faster clip.
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The share of the retail market held by EVs has leveled out at around 9% for the past several months, according to data analytics firm J.D. Power, raising broader questions about whether the industry is confronting a short-term blip or a more protracted challenge.
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The EV Revolution
http://roanokeslant.blogspot.com/2023/02/the-ev-revolution.html
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China-EV’s: Feeding The Hand That Bites US
http://roanokeslant.blogspot.com/2023/04/china-evs-feeding-hand-that-bites-us.html
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The EV-Charging Stations Are Coming
http://roanokeslant.blogspot.com/2022/02/the-ev-charging-stations-are-coming.html
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