IT STARTED! The Greatest EVs Market CRASH Is Here!
The automotive industry is making a big U-turn after a couple of years characterized by overoptimistic electrification it was time for a punch from reality Frozen EVS broken Chargers job cuttings there are so many clear indicators that the greatest EV Market collapse is here need proof stay with us and check these
Reasons number six Frozen EVs and broken charges the recent dystopian scenes of EVS being frozen and stuck a charging stations proved once again that all those consumers who have been resisting electrification were right electric cars are still not good enough to replace traditional internal combustion units reasons are numerous but the fact that
Batteries underperform in cold weather is particularly indicative the claimed range dropped significantly when it’s freezing outside so it doesn’t surprise that many EV drivers didn’t even make it to their charging stations those who did well they had another unpleasant surprise when temperatures went down in Chicago last month not not only that
Many batteries die but Chargers struggled a lot as well many of them didn’t work at all but most of them underperformed so charging took way more time than normal simply said the colder it gets outside the batteries need more energy to charge once again practice confirmed that range anxiety isn’t the
Only kind of anxiety associated with EVS there’s also a thing called charging anxiety because EV drivers are no longer sure that even if they made it to the public stations they would be able to charge their vehicles number five manufacturers are changing their plans not so long ago many car makers were
Convinced of this EV transition so they hurried up to take the best starting position for the new market of course the largest American companies participated in this race as well all of them wanting to develop as many EVS as possible in the shortest time the boldest statements were probably those
Coming from Mary Bara the chief executive at General Motors who is promising full electrification by 2035 meaning that no internal combustion Vehicles would be produced by the middle of the next decade today we’re seeing numerous revisions of these optimistic plans after a couple of years that were characterized by Massive market growth
It looks like things are cooling down we can talk about different reasons but it all comes down to the lack of demand because consumers are far from being impressed with the EV offer these days most of them feel like they’re forced to buy something expensive that doesn’t
Give much in return for most of them it’s better to stick to internal combustion cars as long as possible and that causes problems for most companies that’s the main cause of her Visions in plans and as a result reduction targets are significantly lower just remember that not so long ago bar announced a
Plan to sell 1 million EVS annually by 2026 last year GM sold around 100,000 EVS which means the growth would have to be 1,000% in the next 2 years does anyone really think that’s possible even GM doesn’t believe in this plan so the latest decision to postpone the
Production of the two most important EVS for the future the all electric Silverado in Sierra doesn’t surprise at all number four it’s time to cut some job jobs even though the last year brought a notable increase in the number of new EV sold growth is much slower than most car makers were expecting
Consequently most of them lowered their sales targets for the next year with notably lowered production of course these revisions in blands cause a chain reaction and one of these reactions is that many workers will soon lose their jobs many of them already did let’s take the all electric Ford F-150 Lightning as
An example this pickup is projected to succeed America’s most popular pickup but for this year the production targets have been cut by half so instead of rolling out 3,200 units every week Ford’s plant in Michigan will produce only 1,600 units this year and close one of two production shifts from what we
Know so far about 1,400 workers will be affected by this decision according to the blue oval officials half of them will be moved to the nearby Michigan Assembly Plant to increase the production of the gasoline powered Bronco and Ranger models as for the other half details are still unknown but
Officials stated they’ll be shifted to different jobs within the Rouge complex which means means that instead of producing electric pickups these workers will now work in the production of the gasp powered F-150 some workers will most likely lose their jobs while some of them could also apply for retirement
Packages as a part of the deal United Auto Workers signed last October number three EES don’t make profit we could talk about the green agenda and the noble cause all day long but the EV industry is a business Above All In other words electrification must be sustainable and bring profit which is
Not the case at the moment EV makers are currently losing money on every EV they sell because they still haven’t figured out the EV economy they’ve been investing billions in new technologies but haven’t optimize the production process yet with all that in mind electric cars still cost a lot to make
And with a market pressure that forces manufacturers to come up with competitive prices and even offer massive discounts it’s a surprised that some of them have run out of investment money and now have to slow down Ford Motor Company is one of the best examples as the latest reports suggests
That the company has been losing $36,000 on every 150 lightning sold in the second half of the last year when we talk about overall numbers some estimations suggest that Ford has lost around 4.5 billion on EES in the last year alone with that in mind it doesn’t surprise that the management has decided
To push out money and postpone some of the major EV Investments planned for this year similar things are happening in General Motors as well so it doesn’t surprise that this company also postponed some of the most important EV projects such as the production of the electric Silverado and Sierra as well as
The production of a new Drive Unit all in order to save Capital interestingly manufacturers are not the only ones that are losing money on EVS apparently rental car companies are losing as well as Herz has just ditched 20,000 electric vehicles from its Fleet partly because of their poor resale value electric cars
Indeed have a significantly higher depreciation rate compared to internal combustion cars as the latest data shows that they lose half of their value over a 5-year period number two SUVs and trucks rule the market the the automotive Market has changed a lot over the last decade and most consumers now
Refer more practical body styles rather than traditional sedans hatchbacks and coups for that reason it isn’t a surprise that SUVs and Pickups take up more than 80% of the market from the EV perspective that’s kind of problematic because so far electric vehicles have been small with a focus on efficiency
They aren’t particularly generous with cargo space and aren’t great in other aspects of practicality to be fair there are a couple of large and super practical electric SUVs on the market but they’re still too expensive and Out Of Reach for a vast majority of customers and while there are some
Indicators that more capable electric SUVs could come in the near future things don’t look so great in the pickup segment and we know how important they are for Americans because electric pickups are nowhere near as capable as traditional gas and Diesel powered units okay they’re quicker but that doesn’t
Really matter in the pickup world what really matters is Towing and Hauling and that’s where electric pickups lag behind a lot for example the most capable F-150 Lightning can tow up to 10 ,000 lb well the gasoline version often goes beyond 13,000 but the max number is the least
Problematic thing the main issue is with the battery as it turns out that range dropped significantly under heavy exploitation which was confirmed by a couple irrelevant tests for example Motor Trend took a trailer test and came to results that were Beyond disappointing as the claimed max range
Of 280 Mi dropped to 90 to 115 M depending on the trailer weight on the other hand AAA Automotive Engineering researchers loaded this pickup with 1,400 lb of sandbags which cut the range by nearly a third in other words there’s plenty of homework left to do before electric pickups become a worthy
Alternative to standard internal combustion units number one government doesn’t help enough officially Biden’s Administration plans to make 2third of new cars all electric by 2032 off the Record the government may be having a second thought there are a couple of quite indicative moves we saw recently
Starting from the fact that the IRS has recently changed eligibility for a federal tax credit as more domestic parts are required in production many EVS don’t qualify for a $7,500 tax credit anymore even Tesla has a couple of models that aren’t eligible then there’s the charging infrastructure
We’ve heard a lot of talk about the government’s plans to invest billions in the charging infrastructure but if we can rely on the report from Politico even though Congress has provided $7.5 billion for new Chargers not a single one was built in the last year this only
Makes us think that something really big is happening behind the curtain so don’t be surprised if the government eventually decides to give up on that fast electrification plan entirely thanks for watching and see you next time
The Greatest EVs Market CRASH Is Here! The EV market is in free fall. The EV market is collapsing, and people are about to see the biggest auto crash to date. The EV industry that was hailed as the future of transportation and the solution to climate change is now facing a devastating crash. What triggered this unprecedented EV collapse? Who are the main players and victims of this historic event? And what are the implications for the millions of EV owners and investors worldwide? In this video, we will uncover the shocking facts behind the greatest EVs market collapse ever, and why it’s far from over.
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