Yes, EVs might be better for the environment and the future, but that doesn't change the fact that people are not ready to make the switch yet. There is a small subset of people who are already driving EVs, a small group that is now getting into it, but together they don't come close to the number of people who have no plans of buying an EV for years (or even decades). Ford should consider this when deciding what to invest in.
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It's questionable whether they are better for the environment because of the mining for raw materials, and they are not easily recyclable.
I would never buy an EV, but I like that they are quiet and fast. The long charging times and limited range severely limit their practicality.
I think it's just new players that are struggling though. GM, Ford, Hyundai, and Toyota have a ballooned > 90 days of inventory.
MachE is at 83 days, Lightning at 53 days.
(For comparison Tesla is at 16 days as of yesterday which is insane given their production rate)
https://www.reuters.com/business/autos-transportation/slow-selling-evs-are-auto-industrys-new-headache-2023-07-11/
The young and so called affluent are living in their parents basement
When reality sinks in these cr-p pers will understand about the overpriced junk
Young and affluent individuals will buy EVs. Republican and Democrat in equal numbers.
Much of the blue collar workers in this country will aspire to own vehicles (and homes).
@OP It seems the left leaning democrats promised automakers to eliminate the ICE competition, so the BEVs would a have a chance to sell. My only question is why would anyone, besides Ford evidently, commit a huge 5-10 years investment, when the political cycle in the US is 4 years. Yes, Ford did, but we all know that Bill is an awful businessman, and CarCar has no clue, (probably still asking for the bracket department, LOL) so as the saying goes... The blind leading the blind, or should I say the fool leading the fool.
@qgi+1nyzmeGJ It seems the BEV market is saturated, since the people that could afford BEVs and are willing to buy them (an even smaller demographic) already did.
I think that's right, a lot of early EV adopters use them as second cars, though in some places (like SoCal), people buy them to be able to use HOV lanes. I suspect most who already bought EVs in US have dedicated off street parking where they can charge, but I don't know if apartment dwellers are ready to buy if they don't have their own charging space.
The few people I know with EVs only use them as their 2nd or 3rd cars, for short, defined, local trips. These are upper middle class professionals.
I don’t see mass adoption of solely EVs in the near future.
ALANA MASTRANGELO11 Jul 2023975
2:35
Unsold electric cars are piling up on dealer lots as the auto industry cranks out more electric vehicles (EVs) than there are buyers in an attempt to compete with Tesla. Luxury brands in particular are struggling with high inventories of EVs that no one wants to buy.
The growing discrepancy between electric car supply and demand suggests that while consumers may be showing more interest in EVs, they are still concerned about buying one due to their price or charging concerns, according to a report by Axios.
Jonathan Gregory, senior manager of economic and industry insights at Cox Automotive, likened the situation to the 1989 film, Field of Dreams, which coined the famous phrase, “If you build it, he will come.” In the car world, companies have built their electric vehicles, and now they are waiting for customers to come, Gregory said.
A survey conducted by Cox Automotive found that 51 percent of consumers are now considering either a new or used EV, which is up from 38 percent in 2021.
Despite interest, sales aren’t keeping up with increased output, as the nationwide supply of EVs in stock has swelled nearly 350 percent this year, to more than 92,000 units – which translates into a 92-day supply, Axios reported. This data does not include Tesla, which sells directly to customers.
Meanwhile, dealers have a slim 54 days’ worth of gasoline-powered vehicles in inventory. Normally, there is a 70-day supply.
As for luxury brands, they appear to be struggling, as taking a closer look at them reveals much higher EV inventories than others. The Korean luxury brand Genesis, for example, sold only 18 of its nearly $82,000 G80 EVs in the 30 days leading up to June 29, and had 210 in stock nationwide, which comes to a 350-day supply, according to Cox Automotive’s research.
Other luxury brands — like Audi’s Q4 e-tron and Q8 e-tron and the GMC Hummer EV SUV — have substantial inventories well above 100 days. To add insult to the injury of a luxury EV’s high price tag, these vehicles are typically not eligible for federal tax credits.
EV's just transfer the pollution to other sources, locations, and into other processes. The talking heads promote "green", and some ignorant people are convinced of this, but the entire manufacturing of EVs and batteries are anything but green. It's just a gimmick being promoted for larger and more nefarious purposes, regardless whether it's efficient or not.
If you think about it, rather than jump with a 180% about face, they could have landed a softer blow with hybrid ICE and EV combos across all OEM, rather than to jump right into EV with complete recklessness and abandonment. That's not the plan, someone's in a big rush to push these EV's. We've essentially tossed a hundred years of engineering away, for something we know very little about for EV mass production. You don't get to autonomous without first getting through EV. Now, I understand there are many that want to try these little napalm booms for personal use, but having one of these within your own home is a recipe for disaster. The engineering quality isn't there yet, nor will it be for a very long time. I know a number of engineers that thought the level 2-4 autonomous was going to be great, cheerleading it on, until they finally got in one. People can't see, what they can't see. Their vision only works in one direction, that they can't ever anticipate the failures, and immoveable objects along the way.
So yeah, there are many that aren't interested. Just short of cutting off gas being purchased at the pump, and making used ICE vehicles illegal, never touching EV until it too has had multiple decades or a hundred years of proven engineering results. That's another way to say enough guinea pigs have sacrificed themselves along the way. Someone's got to be the careless trailblazer, Titan sub implosion style, but it won't be me, and many others I know. Many corporations will fail in this endeavor, and likely consolidated before it's all done and over with. The victims, will be the employees of these corporations.
Billy is not that smart .With JF and DF
he is misled so not much to say in this