Thread regarding General Motors layoffs

Funny how ignorant people resort to insults?
Oh, the irony.

Funny how ignorant people resort to profanity and insults when they are angry but don’t have facts to present. You can’t force people to buy expensive products they don’t want. That mindset leads to failure.

Here’s a real source; a gallop poll:
https://news.gallup.com/poll/474095/americans-not-completely-sold-electric-vehicles.aspx

Snippet from the article:
Americans’ adoption of electric vehicles is proving to be slow, as relatively few currently own one (4%) or are seriously considering purchasing one (12%). Another 43% of U.S. adults say they might consider buying an electric vehicle in the future, while 41% unequivocally say they would not.

You absolute diphits haven't come up with any new FUD since the days the Prius first came out. The rest of the world is ensuring we're going to have more EVs than ICE here, whether or not you like it.

What percentage of total car sales are EVs?

Middle class people can't afford 80k or 100k vehicles.

Just more rich people buying EVs.

EV sales in the Golden State jumped 70% last quarter, a prelude of what’s to come across the country.

https://www.bloomberg.com/news/articles/2023-09-08/california-shows-an-electric-car-uprising-headed-for-the-us

GM is focusing on selling cars to wealthy customers who don't care about cost or being practical instead of middle class customers like they used to.

The EV hummer weighs 9000 pounds and costs $100k.
The car is so heavy, that it is not considered a passenger vehicle by the government.
It takes 140-200 hours to charge a Hummer EV’s battery (from empty to full) on regular 120 volt outlet with a 1.75 mile per hour charging rate.
Is this product practical in any way?
Does it seem smart from a marketing perspective to make this car a flagship EV vehicle?

It's not so much that GM will tank, as that their EV trucks will soon weigh as much as an actual tank

Manufacturers charge too much. They need to cut prices so people can afford them.

GM & Ford are heading toward a bleak future.
There's a Business 101 lesson that talks about "If You Build It, Will They Come".
GM has been guilty of this in the past - having the mindset that the voice of the customer isn't important. GM knows what's best (it's whatever makes them more money). They sell it and the public must buy it. It's a big mistake that leads to a huge loss in sales, especially in global markets (hello Brazil).
This idea that a company has to be ESG (woke); disregarding business fundamentals in favor of a globalist agenda will sink big corporations. If GM builds EVs, they will come. Uh, no. Not at all. What does the customer want?

EVs are running out of customers — and some dealers don't want them anymore
https://www.businessinsider.com/dealers-turning-away-evs-velectric-cars-demand-cools-inventory-2023-8#:~:text=EVs%20are%20running%20out%20of,don't%20want%20them%20anymore&text=More%20dealers%20are%20saying%20they,ones%20left%20in%20the%20lurch.

GM may or may not "tank" but they will step on anybody in their path.

@dynx+1nDhOMTg Why do you think GM will tank? Not seeing anywhere on this thread from a prior posting about such a comment.

"GM will tank."
Very persistent troll...

GM sold more cars than any other automaker in 2022 - even Toyota.
Put that under your tinfoil hat and ponder it.

Our electric cars help us achieve zero profits, zero integrity and zero loyalty.
One team!

I just love seeing the fools sitting in the parking lot charging up their fancy EV's. My neighbor says she either goes out to eat or shops while she is charging.
Ridiculous and she will realize the foolish mistake in the winter and five (5) years when the battery degrades at 5-6% yearly on the slow charger and 7-9% with the fast charger. Like 50% of the battery life gone in 5 years from fast charging, that sounds like an economically feasible choice. And as you're not supposed to drain below 20% and charge above 90%, that is leaving lots of potential driveable miles off the table and what I call false advertisement on the window sticker.
Then turn on the heat in the winter at 5KW and watch that battery capacity meter drop like a rock in freefall.

The figure 32% shows up in a lot of polls on different subjects.

"It's an expensive vehicle problem, not a hatred of EVs."

In a survey of 1.5 million Americans, 32% said they plan to drive gas vehicles forever.
50% of Americans expect to be driving an EV in the next ten years.

https://electrek.co/2022/01/04/how-many-americans-expect-to-never-drive-an-ev-in-their-life-new-driver-report-reveals-it-is-more-than-you-think/

Here's a bigger problem for automakers:

"New study explains why nearly 20 percent of electric car owners return to gas"
https://thehill.com/changing-america/sustainability/energy/551207-new-study-explains-why-nearly-20-percent-of-electric/

"We show that discontinuance is related to dissatisfaction with the convenience of charging, having other vehicles in the household that are less efficient, not having level 2 (240-volt) charging at home, having fewer household vehicles and not being male."

The average person can't afford an 82k EV.

So it's not surprising that sales are terrible.

It's an expensive vehicle problem, not a hatred of EVs.

But car companies get a much higher profit margin on expensive trucks and SUVs, so that's what they build.

And they sit on the dealer lots.

Manufacturers need to go back to making middle class cars with smaller profit margins, and make their profits through volume.

As the economy softens, expect dealers to push back on EVs due to the weak demand. They simply can't afford to maintain and store product that isn't moving.

Political pressure and environmental alarm/extremism will not be enough make consumers adopt EVs. Remember that old political slogan, "it's the economy stup!d"?
The weak demand, poor product quality and utility and the economic situation (layoffs, high interest rates, lack of liquidity) may be the kn--e in the side of electric vehicles.