Market for electric vehicles has experienced a setback \ stacker news ~econ

Market for electric vehicles has experienced a setback

1706 sats \ 59 comments \ @TomK 18 Apr econ

Anyone with a rudimentary knowledge of mathematics and physics knows that the electrification of global mobility fleets is an impossibility. It is a political issue, part of the WEF agenda and therefore an attack on individual freedom when it comes to mobility and the automobile. Current figures show that demand for electric vehicles is plummeting. We will see where this trend leads.

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131 sats \ 2 replies \ @kr 18 Apr

super misleading chart

33 sats \ 1 reply \ @TomK OP 18 Apr

We have a collapse of new EVs in Germany for example. By 99% they need to drop the combustion engine prohibition sooner than later

2 sats \ 0 replies \ @kr 18 Apr

I can’t speak for every country individually, but Europe is expected to see another 23.5% gain in battery EV sales in 2024

For 2024, EV Volumes expects European EV deliveries to grow by 18% year on year. This equates to 3.7 million new models. This is despite the anticipated lacklustre growth of the wider light-vehicle market. EVs will account for around a quarter of all light-vehicle sales. The growth will be predominantly driven by BEVs, volumes of which are forecast to grow by 23.5% this year. The all-electric technology will dominate the EV market, accounting for 72% of registrations, with plug-in hybrids (PHEVs) making up the remaining 28%.

https://ev-volumes.com/news/ev/growth-forecast-for-european-ev-market-despite-incentive-impact/

54 sats \ 37 replies \ @premitive1 18 Apr

I imagine that at least due to immature charging infrastructure, there's a natural limit to demand for electric vehicles.

47 sats \ 36 replies \ @TomK OP 18 Apr

That's another problem. And the transition will die on its way as it's planned by central planners. Hybrid cars seem to be a winning strategy as a growing niche so far

21 sats \ 35 replies \ @kr 18 Apr

hybrid cars are like the sliding phones with physical keyboards.

they are growing slower than battery EVs, and will be obsolete in a decade.

0 sats \ 34 replies \ @TomK OP 18 Apr

We'll have to watch it. The germans as the biggest facturers over here seem to shift towards them, at least.

21 sats \ 33 replies \ @kr 18 Apr

all the gas car manufacturers are shifting, the ones with vision and competence are making the full shift to EVs.

the followers who cannot innovate are taking half measures to appease gas companies.

24 sats \ 31 replies \ @premitive1 18 Apr

Diesel is still an economic source of energy. Central planners can't change economics.

0 sats \ 30 replies \ @kr 18 Apr

diesel is expensive and toxic. EVs will eat their market share too.

21 sats \ 6 replies \ @premitive1 18 Apr

diesel is on demand and easily stored. What form or energy production isn't expensive??? Photovoltaic and wind turbines? Only nuclear energy, which most countries have ignored and defamed.

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0 sats \ 22 replies \ @TomK OP 18 Apr

But what do You say about the arguements that the transition can't be done economically and the econ will crash half the way or that their ecological footprint is horrible like Armstrong e.g argues? 'The National Renewable Energy Laboratory at the US Department of Energy believes the US needs 1.2 million charging stations by 2030, with the White House aiming for 500,000. They have built SEVEN charging stations.'

https://www.armstrongeconomics.com/world-news/climate/the-progress-on-national-ev-charging-stations/

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0 sats \ 0 replies \ @TomK OP 18 Apr

It's clearly a big fight now behind the scenes on EU level

54 sats \ 11 replies \ @kr 18 Apr

Anyone with a rudimentary knowledge of mathematics and physics knows that the electrification of global mobility fleets is an impossibility

why?

100 sats \ 10 replies \ @TomK OP 18 Apr

Try to find the raw materials to maintain the existing fleet. They don't exist. That's why they promote 15 min cities and public transport services

0 sats \ 9 replies \ @kr 18 Apr

what raw materials are you referring to?

if they “don’t exist”, why have EVs set new sales records globally for each of the last 10 years?

1 sat \ 8 replies \ @TomK OP 18 Apr

They started by zero and the growth number doesn't make any sense as long as it is a niche

21 sats \ 7 replies \ @kr 18 Apr

15.8% of new light vehicles sold globally are already electric, this number will grow in 2024

you also didn’t tell me which necessary raw materials do not exist

1 sat \ 6 replies \ @TomK OP 18 Apr

the economic research institute IW Cologne regularly screens raw material shortages, especially for electric cars. Cobalt is an immense scarcity factor here. Www.iwkoeln.de

Sorry, but I can't find an english translation that fast

199 sats \ 5 replies \ @kr 18 Apr

did you know Tesla recycles 100% of their batteries?

https://www.tesla.com/en_ca/support/sustainability-recycling

169 sats \ 1 reply \ @gmd 18 Apr

Very cool article on Tesla Cofounder's recycling company that came out today- allegedly 95% recycling efficiency:

https://financialpost.com/pmn/business-pmn/tesla-co-founder-jb-straubel-has-built-an-ev-battery-colossus

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1 sat \ 2 replies \ @TomK OP 18 Apr

Yes, recycling can help. But transforming the global fleer of cars one by one?? I think hybrids will be growing fast

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10 sats \ 0 replies \ @OT 19 Apr

There seems to be growing demand in Australia. I see Tesla's everywhere

21 sats \ 0 replies \ @Coinsreporter 19 Apr

I don't actually see it happening for a long term. The EV demand may get hit temporarily but overall it will rise. Please check the figures for last and next few months.

In my country, it's increasing expotentially.

21 sats \ 0 replies \ @IamSINGLE 19 Apr

It's not the case here in India. Ours is definitely on the boom!

21 sats \ 1 reply \ @nym 18 Apr

There were propped up by handouts and advertising.

6 sats \ 0 replies \ @TomK OP 18 Apr

Yep

0 sats \ 0 replies \ @ivor_pdx 18 Apr freebie

Quite a few of my fellow local Bitcoiners drive BEVs. I drove Nissan Leafs as a city car for almost 10 years and now a Tesla Model 3. Fantastic car, and the charging network makes for stress free long trips. I don’t get the hate.