Did We See Peak Davos? \ stacker news ~econ

4230 sats \ 47 comments \ @TomK 3 Feb econ

A crucial element of the Great Reset is the war against individual automobility. Have we already seen the peak of electric cars? The German car market suggests that we have. This year's conference in Davos was all about regaining the public's trust. A sign that Klaus and his degenerate troops may have seen the peak a year ago.

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1143 sats \ 3 replies \ @kr 3 Feb

seems to be a german issue rather than an EV issue. global EV numbers continue to grow year over year amidst falling gas car sales.

412 sats \ 1 reply \ @TomK OP 3 Feb

Well. Maybe it's because of the recession?

21 sats \ 0 replies \ @Undisciplined 3 Feb

That's what I was going to ask.

0 sats \ 0 replies \ @TomK OP 4 Feb

I found the articles. Toyota EV sales make 0.9% (!!) of their business. It's more or less irrelevant until now: https://www.motor1.com/news/706746/toyota-electric-vehicle-2023-sales/

And their strategy points at hybrids like I said: https://www.themanual.com/auto/toyota-says-evs-wont-beat-hybrids/

IMO the hype will end with its subsidies. That's what happened in Germany.

720 sats \ 7 replies \ @OriginalSize 3 Feb

Peak davos, maybe. These central planners have too many footguns but maybe those don't even work. It's up to us to lead the way toward reality and truth.

As for peak EV, I doubt it but depends how you define it. I expect battery tech will see a lot of improvement. The scale that's been achieved is going to spur even more R&D investment. Charging stations will become ubiquitous. That being said, it seems gas is going to rule for decades unless they become cheaper to buy.

29 sats \ 6 replies \ @kr 3 Feb

worth noting that EV numbers rarely include electric scooters, bikes, or other vehicles that don’t have 4 wheels.

if they did, global EV sales would already exceed gas vehicle sales.

566 sats \ 0 replies \ @Undisciplined 3 Feb

I'm glad you brought this up, because it's actually in these smaller EVs that I see a lot of potential. My wife got an electric bike and that thing is pretty sweet. As soon as some local road construction gets finished, I can easily imagine taking it to the store instead of the car.

530 sats \ 4 replies \ @OriginalSize 3 Feb

Do they play the same games with gas scooters? Hoping to get to apples to apples.

0 sats \ 0 replies \ @kr 3 Feb

that would be a cool comparison, but i think the low prices and wide array of manufacturers of scooters makes it much harder to get reliable data

0 sats \ 2 replies \ @TomK OP 3 Feb

Gas scooters? Wtf is that?

21 sats \ 1 reply \ @SimpleStacker 4 Feb

Mopeds?

20 sats \ 0 replies \ @OriginalSize 4 Feb

Vespa

300 sats \ 1 reply \ @Undisciplined 3 Feb

I heard recently that Hertz got rid of the EVs in their fleet, but I haven't verified that and I don't trust the source I heard it from.

29 sats \ 0 replies \ @kr 4 Feb

i think this is true, also heard the same thing.

rental cars are probably going to be a harder sell for non-EV owners, considering that charging infrastructure, platforms, and even cable formats vary all over the world.

the last thing i’d want to worry about on vacation is learning how to use a new type of car and make sure it stays charged in an unfamiliar place.

92 sats \ 0 replies \ @siggy47 3 Feb

I think so. An old legal analogy- you can't unring the bell.

21 sats \ 1 reply \ @DEADBEEF 3 Feb

People are definitely waking up to what the elites are trying to pull.

10 sats \ 0 replies \ @TomK OP 4 Feb

Absolutely

21 sats \ 7 replies \ @BlokchainB 3 Feb

Cut the subsidies EVs die tomorrow it’s too expensive

0 sats \ 5 replies \ @kr 4 Feb

Tesla is having record sales every year without subsidies in many places

194 sats \ 4 replies \ @BlokchainB 4 Feb

But I thought hertz and another rental company were dumping a lot of their EV fleet due expensive repair bills. Plus record sales against EVs but what about compared to gas powered vehicles? Are they doing Toyota numbers yet?

0 sats \ 3 replies \ @kr 4 Feb

repairs are typically far less expensive for EVs, i’m skeptical of that statement.

perhaps the lifetime mileage of the cars came in lower than expected, causing them to cycle through new EVs, but the entire front half of these cars are empty.

all the things that would normally need regular repair like oil changes and brake pads either need no repair at all or need to be repaired 10x less frequently in an EV.

i believe in California, the Tesla Model Y was the best selling car in the entire state, despite being nearly 2x the cost of the gas runner-ups.

374 sats \ 2 replies \ @BlokchainB 4 Feb

“Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs even though it had aimed to convert 25% of its fleet to electric by 2024 end.”

Source: https://www.reuters.com/business/autos-transportation/hertz-sell-about-20000-evs-us-fleet-2024-01-11/

Also once the battery dies it’s almost what $20k to get a replacement.

0 sats \ 1 reply \ @kr 4 Feb

collision repairs seems correct, i was thinking more about maintenance repairs in my previous comment.

0 sats \ 0 replies \ @BlokchainB 4 Feb

Yeah I think the big balloon for battery replacement makes it a wash I think. Would need to crunch the numbers.

0 sats \ 0 replies \ @TomK OP 3 Feb

This would be fine

21 sats \ 1 reply \ @SimpleStacker 3 Feb

Nah, it won't be peak Davos til they shed their human skin and reveal their reptilian innards

31 sats \ 0 replies \ @TomK OP 3 Feb

Do not insult reptiles by comparing them to Klaus

21 sats \ 1 reply \ @_b_o_n_e_s_ 4 Feb

did subsidies end in '23?

0 sats \ 0 replies \ @TomK OP 4 Feb

Yes. The german debt crisis lead to the total cut. One day to the other. Without any warning. These german green commies are in panic mode

0 sats \ 0 replies \ @kurszusz 4 Feb

I think we haven't seen it yet the peak... Electric cars, and the demand for these it depends especially on gas prizes.. If gas prizes will increase, the demand for electric cars will increase also...

And just imagine what will happen, if the war between Russia and Ucraine will not ending soon, and Russia (in order to get income) will be "obligated" to raise the gas prize...

Just imagine...

0 sats \ 4 replies \ @zarko 4 Feb

What you said makes no sense

You are using the metrics of "EV sales Drop" to suggest Davos is losing power, that's it ??

Bro, Davos is in full throttle. They controlled the major countries in the world. Presidents and prime minister are their puppets.

In my country, Brazil, the judiciary just throw the constitution away and is imposing the 2030 Agenda without mercy nor shame.

They controll NGOs, the media, education system, BigTech, BigPharma, whole shit

The Great Reset is in full steam my friend

0 sats \ 3 replies \ @TomK OP 4 Feb

It absolutely makes sense. They are losing the war on narratives. Rhe farmers' protest is a good example. What it now needs to get rid of these degenerate agenda is a collapse of the eurozone. This is ground zero for their ''project''

0 sats \ 2 replies \ @zarko 4 Feb

What do you think is going to happen?

People will starve to death. People will beg for help. Then enters the government, which is a mere pupppet of the WEF ,and will offer bugs to people eat, but first you need a Digital ID linked to your social credits and CDBC digital wallet

This is what is going to happen pretty soon.

0 sats \ 1 reply \ @TomK OP 4 Feb

but it is precisely this overthrow planned on the drawing board that makes me wonder. History doesn't work like that. History is never determinable, communist plans in particular fail because societies in crisis always give themselves spontaneous orders in order to reduce entropy.

0 sats \ 0 replies \ @zarko 4 Feb

crisis always give themselves spontaneous orders in order to reduce entropy.

this is wishful thinking

communism didn't work in the past cause central planners didn't have technology nor data enough about human behavior

listen what those globalist philosophers say nowadays:

"human beings became hackable animals thanks to technology" - Yuval Harari

0 sats \ 0 replies \ @JesseJames 3 Feb

F davos, all we need to do is wait, old fucktards will die out...lol (one would hope) Pay them no mind. On the second topic. Here is how you make people stop driving gas cars (I won't stop anyway just for nostalgia :-) Make EV cars the most affordable leases. Say $200/month with zero down, lease for 2 years. You don't own it, pay marginal cost for transportation, People will make their own economic decision but you know what that will be.... Just saying.... By attrition they could win, but they wont ...

0 sats \ 10 replies \ @Entrep 3 Feb

I thought EV were the future of cars

121 sats \ 9 replies \ @kr 3 Feb

they are

0 sats \ 8 replies \ @TomK OP 3 Feb

Nope. Look at Toyota

0 sats \ 7 replies \ @kr 3 Feb

this toyota?

https://www.theverge.com/2023/12/5/23988111/toyota-ev-concept-urban-suv-sport-crossover

300 sats \ 2 replies \ @TomK OP 4 Feb

I found the articles. Toyota EV sales make 0.9% (!!) of their business. It's more or less irrelevant until now: https://www.motor1.com/news/706746/toyota-electric-vehicle-2023-sales/

And their strategy points at hybrids like I said: https://www.themanual.com/auto/toyota-says-evs-wont-beat-hybrids/

IMO the hype will end with its subsidies. That's what happened in Germany.

0 sats \ 1 reply \ @kr 4 Feb

0.9% seems pretty reasonable for Toyota, I’d imagine Ford is probably also around 1% too.

But expecting Toyota and Ford to shine a light on the future of automobiles is like asking JP Morgan and Wells Fargo for their opinions on Bitcoin.

0 sats \ 0 replies \ @TomK OP 4 Feb

Until now nobody ever could give me a coherent answer on my question where do we extract the ressources for the electrification. They simply don't exist and if You quit subsidies for the consumer the market collapses. The planet will be running on oil at least the next 3 generations.

300 sats \ 2 replies \ @TomK OP 3 Feb

Well, touché. I don't find the articlr but I read this week that they abandoned their strategy of 100% electrification. Beyond this I do not see this transition working well if You think of the scarcity of raw materials and energy usage

0 sats \ 1 reply \ @kr 3 Feb

they’ve gone back and forth on different electrification strategies (at one point they were really confident in hydrogen fuel cells), but they do seem to move slower than all the other OEMs so it may take a while before they fully electrify their fleet

194 sats \ 0 replies \ @TomK OP 3 Feb

Ah ok. Good that it's just a public traded company that changes its strategy like underwear. I will keep an eye on this. Looks interesting

194 sats \ 0 replies \ @SimpleStacker 3 Feb

I own both a Toyota plugin hybrid and a Tesla. I think Toyota is ultimately going to be proven correct that a hybrid model will be predominant over full electric.

Things may change in the far future, but in the near future I think full electrics are only appropriate for consumers that meet the following criteria:

Those with regular work schedules that can keep their car charged while at work and while at home
Those who live in places with perpetually fair weather
Those who live in places with a built out EV charging infrastructure

If you don't meet those criteria, you're going to find owning a full electric a bit of a headache