Is America’s Electric Car Revolution Stalled?
All right folks the writing is on the wall and once again the government has not been able to force feed American consumers a product they didn’t want so now it looks like they’re not going to have to car it anymore maybe the sticks are going to come out and well you’re
Going to have to buy an EV because you won’t have any other choice other than walking I’m going to bring it out Automotive energy Trend analysis the car coach Lauren fix Lauren you know it looks like even Advocates now of EVS are throwing in a towel I mean you have to
Right the the writing is on the wall but the question is what happens next because these governments on the particularly Western governments have have pushed the notion that they’re going to make us use Drive these EVS one way or the other well they’re going to keep pushing
I mean look at Germany they just said literally we’re stopping today I mean they ended all of their subsidies which really was interesting because if you look at some of the writers and people that live there like yans Miner who works with a German car of the year he
Even said it’s been a disappointment for both politicians and for consumers the sales have been down and even their number one analyst uh Professor uh dudenhofer has said yeah you know what it’s a good thing we didn’t get rid of combustion vehicles and so you’re
Starting to see BMW and uh all the other brands say you know what I think we’re going to offer a mixture of hybrids plugins electric and gas and diesel in Europe for sure yeah yeah it seems like maybe the hybrids have a shot you know it’s ironic we’ve seen this movie before
From 1900 to 1930 we went combustion engines had the smallest market share and in 192 1930 the last EV company then went out of business I think it was Detroit electric but in the meantime Silicon Valley Wall Street of course they took advantage of the hype in my
Opinion it ripped the American public off for billions and billions of dollars so we’re learning at least 18 of these EV battery startups are running out of cash uh and it really is a mess is there any chance that that the free market comes to the rescue are you seeing any
Names out there that’s not named Tesla that has a chance to survive well Tesla owns 60% of the marketplace so it’s really hard to beat the leader uh we’ve had 4,000 dealers uh automotive dealers write to the federal government saying listen we’re not selling these things they’re sitting on
Lots and it’s not the fault of the manufacturer they have built great product and I’ve reviewed them all but I will tell you that there’s very few that are going to survive and many can shift like when you talk to someone like a Hyundai or kia which are under that same
Corporation that larger Corporation their vehicles are designed with a platform that can be electric hybrid or gas so they’ve been really thinking ahead BMW is doing the same and even Audi has taken a step back saying you know maybe this electric thing’s not going to work we’re going to make a
Mixture and this is smart because if they go all electric you’re asking for failure and there are still some car companies that are standing their ground but General Motors has pushed back as well and then today Buick has going has gone to all their dealers and said you
Have to go all electric and 50% of their dealers said you know what we’re not doing this you can buy our franchise back that’s a huge statement that is a huge statement what’s up with Buick I mean go pound sand hey I only got a
Minute to go so we had we just leared this week president sheia China told President Biden right to his face we’re going to take Taiwan we’ll take it peacefully if we can but we’re going to take it obviously it’s unnerving and we know it’s the official position since
1949 but it feels like it’s going to happen in she’s lifetime so now Biden is talking about more tariffs on Chinese EVS to me it feels like what he’s essentially saying is he wants to make our EVS more competitive but would that work well I’ll tell you what’s going to
Happen and it’s already happening you see yd which is backed by Warren Buffett you see saic which uses the name mg uh and like like the British car company and you’re seeing Cherry all building plants in Mexico where they’re going to bypass the Free Trade Agreement and
They’re going to bring cars into this country and believe me they’re selling them at $15,000 in China you bring in cars at 15 grand you will destroy the US Auto industry and then on top of that all these additional regulations like you had kill switches it’s great seeing
You we didn’t even get to the kill switch next time
‘Making Money’ host Charles Payne and Car Coach Reports sector analyst Lauren Fix discuss the government’s push to force-feed electric vehicles to Americans.
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