I am so old, I remember a couple of weeks ago when EVs were the future!
This week:
- Electric Vehicles No Longer the Focus at GM (msn.com)
- Former Ford CEO has a blunt warning for the electric vehicle industry – TheStreet
- Auto Execs Are Coming Clean: EVs Aren’t Working (businessinsider.com)
- Ford F shares fall after Q3 earnings on EV costs, UAW (cnbc.com)
- Ford, GM, Mercedes come clean on EV demand weakness | Fox Business
- Brace for the Wind and Electric-Vehicle Bailouts – WSJ
- More alarm bells sound on slowing demand for electric vehicles | Reuters
- On the Road: Electric vehicle sales up in Oregon thanks to incentives, report says | News | thenewsguard.com (says sales will slow with out state and federal government incentives – Oregon’s EV incentives are currently paused due to running out of funding)
- Akio Toyoda Says Slowing EV Demand Proves He Was Right All Along (thedrive.com)
This might have something to do with high interest rates ans many people take out loans to purchase cars. Auto loan rates are now between 6 1/4% and 7 and 1/2%.
Also, the $7,500 tax credit is currently issued when you file your taxes – next year. Beginning in January 2024, the tax credit can be assigned to a price reduction at the dealer, at the time of sale. Many might be waiting for that change now.
UPDATE NOV 2 2023: Oh never mind – Tesla’s stock surges toward best day in a month as part of broad EV-sector rally – MarketWatch – the media spins faster than a pulsar.
Note – I have a near perfect track record of getting invested in a topic just after interest in the topic has peaked. I do this consistently. Warning – I bought an EV a week ago. This means the EV market is now over with, done, gone, kaput, and will never recover.
