reply on: Did We See Peak Davos? \ stacker news ~econ

0 sats \ 10 replies \ @Entrep 3 Feb \ on: Did We See Peak Davos? econ

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