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Or, perhaps you prefer conspiracies |
OK
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-range anxiety -slow recharging time -lack of convenient public chargers -concern over battery life And I say this as the owner of 2 Teslas. EVs are great IF you can charge safely overnight at home and you don't drive more than 150 miles in an average day. |
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Right or wrong, I believe there is less of a pushback against EVs and more of a realization that they don’t meet my needs today. Tomorrow is a different day. |
I believe it would be correct to say that the rate of increase of EVs sales has declined. The second derivative of sales. The rate of sales, the first derivative, is still increasing. For example, Tesla’s rate of sales increase has declined from 100% increase YoY in 2022 to about 50% increase YoY in 2023. This should not be a surprise as the rate of sales increase will decline with adoption. EVs were about 9% of new car sales in 2023 and will be higher in 2024. There are many new models coming available and virtually all manufacturers are “all in”.
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Legal Challenges
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You know, one would think you could do an initial immigrant tax too. Then something dawns on the entire situation, “taxation without representation “ is not legal or at least not supported by courts. |
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And it is not a statewide tax. Each municipality has its own rules. |
Do you have some numbers you can share? I don't expect 2024 will be a great year for GM as they struggle with engineering and cost issues but they are publicly saying they will produce 1 million EVs in 2025. Overall, I expect the percentage of new cars that are EVs in 2024 to exceed 2023.
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GM delays another major EV initiative GM and Honda ditch plan to build cheaper electric vehicles GM abandons plan to build 400,000 EVs by mid-2024 WSJ: GM Scales Back EV Plans as Buyers Hesitate |
Yes, GM has issues, I already mentioned that. They aren't, however, the only car manufacturer suppling EVs to the US. God help the big 3 if BYD starts importing cars into the US.
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Toyota isn't a player, yet. A 39% reduction of a very small number is just a very smaller number.
Some estimates put the YoY EV growth in the US for 2024 at about 60% to about 13% of new cars being EVs up from about 8 or 9% in 2023. Quote:
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