Despite Huge Incentives, Supply of EVs on Dealer Lots Soars to 92 Days

EV inventory is piling up on dealer lots. Hello car manufacturers, what are you going to do with all that inventory?

Electric Car Sales Growth Slows in US as Inventory Builds Up

Bloomberg reports Electric Car Sales Growth Slows in US as Inventory Builds Up

The supply of EVs on dealer lots ballooned to 92 days in June, well above the 51 days of inventory for all models, according to researcher Cox Automotive. That may help explain why only 31% of dealers see EVs as the future, while 53% of car buyers do, according to a survey Cox conducted.

“Dealers, staring at almost 100 days supply, perhaps are a bit more realistic,” Mark Schirmer, a Cox spokesman, said Thursday in an email. “The extra inventory is making some dealers a bit concerned.”

Wall Street is skeptical of EV growth ambitions such as Ford Motor Co.’s plan to boost output of battery powered models by more than 15-fold to 2 million vehicles a year by the end of 2026.

The Drive reports the GMC Hummer EV and Audi Q8 E-Tron have a supply of more than 100 days.

Axios notes that Genesis, the Korean luxury brand, sold only 18 of its nearly $82,000 Electrified G80 sedans in the 30 days leading up to June 29. a 350 day supply.

EVs Piling UP Video

Early Adopters Syndrome

Kirk Kreifels at Automotive News has an excellent video on the piling up inventory. According to Kreifels, the US consumer is already becoming disinterested in electric vehicles. Used EV prices are plummeting.

The car manufacturers are well ahead of the public. Early adopters may be willing to overpay for the latest technology, but the average person isn’t.

Conflicting Goals

Biden crafted incentives for EVs and US manufacturers not foreign manufacturers or hybrids. It’s a case of trying to do too much with conflicting goals. It’s also a case of picking winners without having a clue what the best market approach really is.

Biden has set overly ambitious goals on EVs. Ford is bleeding cash badly trying to meet Biden’s goals. It’s going to take clearance sales and more losses to move that inventory.

The same thing happened with solar panels. Biden wants the panels be made in the US even though US panels are too expensive. Instead of supporting thousands of solar installation jobs while promoting clean energy at the same time, team Biden would rather have no jobs and no reduction in electricity use if the panels are not made in the US.

China is dumping solar panels is the often heard cry. So what? Assume it’s true. The implication is China is giving US consumers a sweet deal while China suffers. And the bonus for the US is it furthers our goal of using clean energy.

Yet, we protest. How stupid is that? It’s the same as protesting free energy from the sun.

Solid State Batteries and the Kiss of Death for Gas Powered Cars, Hype or Reality?

Numerous articles tout Toyota’s solid state battery breakthrough that supposedly will be the kiss of death for the gasoline engine.

Suppose you believe the hype. Do you want to buy an EV today or wait for technology that will double the miles one gets on a charge?

For discussion, please see Solid State Batteries and the Kiss of Death for Gas Powered Cars, Hype or Reality?

For now, the consumer has spoken. EVs are either too expensive, too inconvenient, or both. That’s something mandates cannot fix.

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Dan Turnwald
Dan Turnwald
9 months ago

Dealers don’t like because they are less profitable for them, way less maintenance. I own a Tesla and it has been virtually maintenance – free for 2 years

William Benedict
William Benedict
9 months ago
Reply to  Dan Turnwald

I have had a Toyota Double Cap Pick-up for 15 years and it has been virtually maintenance free too.

I am seeing plenty of EVs here in Bangkok now. All are Chinese and they are priced under $40,000. They look good from the outside. I have not seen any when I drive long distances upcountry.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  Dan Turnwald

My grandfather owned a Sliver Ghost.
It was actually maintenance free, not virtually.

Stuki Moi
Stuki Moi
9 months ago

Nothing reasonable (50 and up%) interest rates, with attendant BKs and firesales wouldn’t fix. The Biden’s STATED goal of greater BEV penetration would (at least instantaneously) increase.

Of course Biden’s REAL goal, is no such thing at all. But rather simply greater transfer of wealth: FROM competent and productive people, and TO the two-bit harebrained hucksters which make up 90+% of the entire BEV space. All of whom are waaaay too incompetent to compete at something as hard as building real cars which people would want absent the Biden Junta’s machinations.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  Stuki Moi

This is all probably a result of too many children playing with way too many AA and AAA powered toys in their formative years.

KidHorn
KidHorn
9 months ago
Reply to  Stuki Moi

OK. ugh. So how come EV adoption is far greater outside the US than in the US? Did Biden convince them to buy an EV?

William Benedict
William Benedict
9 months ago
Reply to  KidHorn

Price is key for ordinary people. And being sure you are going to access to charging stations. Here in Thailand I see more EVs everyday. Most are BYD and other Chinese producers. From what I am hearing the prices are less than $40,000. I do not find charging stations pervasive. I suspect the customers are using these for local commute inside the city and recharge at home. I have not seen EVs on longer journeys when I go 500 Km outside of Bangkok.

Stuki Moi
Stuki Moi
9 months ago
Reply to  KidHorn

EV adoption is higher in countries with greater-than-US de facto transfers from non-adopters to adopters (China, some Euro countries….). Lower where opposite.

Also, no doubt, influenced by factors directly affecting suitability, such as population density, how long most people’s realistic max driving distance is (In the US it’s enormous, on Saint Helena rather short (they still don’t have many BEVs; despite being THE poster child for such things…)

Besides, it’s not as if retarded-monkey levels of asset pumping, negative interest rates and other massive transfers from competents to retards is exclusively an American, nor even Anglo, thing anymore. Instead, its largely global by now. After all, how else would the straight up retards in power remain there?

NONE, including Tesla, of the current crop of BEV hucksters, would even have gotten out of the gate, if they had to be funded by actual savings pulled out from under the mattress of investors. The Roadster was pure dot-com-cheap-money fantasy, forced into wasteful reality by even-cheaper-money-housing-bubble waste-squared. Noone would have pulled Gold out form under the mattress, at even remotely viable interest rates, in even remotely required quantities. (and Musk would be delivering pizzas, or at least doing something productive, not “investing” in frivolous startups, were it not for dot-com-era transfers….)

In all honesty, the Tesla founders would likely still have built some BEVs. And found niches where they outperform. But they wouldn’t have wasted billions, in the process making America notably poorer, in the process of doing so. Like the dot-com and “housing-bubble” tragedies, as well as the America-post-1971-nothing-but-tragedy, it’s pretty much all a big, fat waste. Leaving a country where people can no longer afford a roof over their heads, much less crisscrossing the country at will, in the shagvans of their choice.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  Stuki Moi

Excellent and most entertaining hyperbole.

Scott
Scott
9 months ago

Funny thing is why no one has asked why we need electric vehicles in the first place. Oil/gasoline/diesel became the superior fuel when they invented cars (they tried electricity and steam first). Gasoline worked the best and still does. Always will. So why we have EVs at all? Climate change? We could all drive a jillion EVs and it wouldnt stop China from sending the most carbon dioxide into the atmosphere of any country. The US doesnt matter. So why? If we believe that oil is a finite resource — that there is a fixed amount of it available (and I do), and gasoline becomes prohibitively expensive, then you have a choice: EVs or no vehicle at all for the masses. But there is no doubt: they should have never dropped a transition vehicle like the Volt, and the government should have bought thousands of them to prime the pump. Dedicated EVs with no gas backup are a crime against engineering .. and reality.

KidHorn
KidHorn
9 months ago
Reply to  Scott

Probably because 120 years ago they didn’t have rechargeable lithium ion batteries.

And gas cars are inferior to EVs. People aren’t just flocking to EVs to save the planet.

Walt
Walt
9 months ago
Reply to  Scott

I can’t speak for anyone but myself, but I got mine because I’m a cheapskate. I save several thousand bucks in gas a year and unless one of my kids wrecks it when they’re old enough, it’ll keep doing it’s around-town job for minimum another decade. Financial no brainer compared to an ICE car.

And like I said before, it’s a bad joke compared to newer EVs in every way, after only 6 years. Give it another 4 or 5 years and I’m sure our long-trip camping car will get junked/given away (if we can even give it away at that point) for another EV. There are already charging stations almost everywhere we typically would go and they keep building more everywhere around here (Colorado).

You don’t need to believe in any hippy-dippy lefty crap to want a product that’s obviously better. It’s LEDs all over again, with the usual suspects throwing a tantrum. Come back in 5 years and let us know how you feel…

William Benedict
William Benedict
9 months ago
Reply to  Walt

Thank you for your positive report.

William Benedict
William Benedict
9 months ago

Good morning from Bangkok Mish. Personally I have no interest in EVs. Along with the climate change hoax meaning I just don’t believe the propaganda ministries.

I am not interested in charging batteries while I drive to our farm or on a holiday upcountry. I am not interested in replacing $25000 batteries. I keep my vehicles ten to fifteen years normally.

Here in Bangkok the Chinese BYD is being seen more. It is a good looking car. I have seen only one Tesla.

Walt
Walt
9 months ago

Someone’s got to say it….

Ok Boomer.

William Benedict
William Benedict
9 months ago
Reply to  Walt

You got it Walt. I am definitely a “boomer” born in Los Angeles in 1949. My grandson calls me “boomer.” There is something about experience through many stages of life that brings some sense of wisdom. Not that you know everything, but that you know so little.

Lisa_Hooker
Lisa_Hooker
9 months ago

It never ceases to amaze me how much kids think their parents have learned as their children grow older from 14 to 26.

William Benedict
William Benedict
9 months ago
Reply to  Lisa_Hooker

I have six kids aged 26 to 49. All of them know everything. I know nothing!

Garry Lee Gentry
Garry Lee Gentry
9 months ago

The dealerships at GM anyway are in a war with corporate GM. The EV agreement The dealerships have to sign gives them 1% for their profit margin. No hold back etc . As far as Hummer goes list price is over $110,000. The Cadillac Lyriqs are selling as fast as they are delivered to dealerships. They are $63,000 and damn nice vehicles. The dealerships at GM are discouraging customers from EVs because of profit margins. I’m not a huge fan of EVs as I live in rural area and need a 500 mile range per charge in a medium size SUV for $40,000 max.

Micheal Engel
9 months ago

KidHorn, Corolla above $30K. Corolla have high markup and high turnover.
The salesmen commission is low, because Corolla sells itself.

Thetenyear
Thetenyear
9 months ago

This underscores the inventory/production headaches that come from building both ICE vehicles and EV’s. Overall, car sales have picked up. So, if EV’s are piling up it means that ICE sales are likely exceeding plan. This sends a signal down the supply chain to produce fewer EV’s and more ICE vehicles. This just adds cost to an already bloated Ford and GM. Let alone margin killing discounts needed to clear out EV inventory.

Advantage Tesla!!!

Thetenyear
Thetenyear
9 months ago

Does anyone know how to calculate the present value of future bailouts for
Ford and GM? Without bailouts they will be out of business.

Don’t be so hard on Biden. He has a back up plan. Remember Biden’s EV army? Nobody will mess with the US with the Ford Fighting Machine on the front lines.

SURFAddict
SURFAddict
9 months ago

I challenged my Tesla-pilot neighbor to race me and my 67Camaro for One-Thousand Dollars. He took the bet with high confidence the dual motor could beat me handily.
The wives held the money on that beautiful so-Cal Saturday morning, as we got into our cars. You shoulda seen his face when i yelled-out, “ok See you San Francisco!!”
I wouldn’t recommend doing the same if you want to remain neighborly.

KidHorn
KidHorn
9 months ago
Reply to  SURFAddict

link to horsepowermemories.com.
“Car Life tested an SS 396 and walked away with a 0 to 60 time of 6.8 seconds and a quarter mile time of 14.8 seconds at 98.7 miles per hour.”

Even the entry level single motor Model 3 can do 0-60 in 5.8s. I call BS.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KidHorn

Ditto, I think he was speaking “metaphorical”, maybe….?

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  KidHorn

But a good ICE car can do 0 to 60 in 3.5 seconds or less.

Walt
Walt
9 months ago
Reply to  Lisa_Hooker

I think the faster Teslas are approaching 2 seconds flat. There’s really no comparison, torque at every rpm is impossible to beat with anything that runs on a transmission.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  Walt

It is apparent the fastest are hybrids.

Micheal Engel
9 months ago

TSLA between $40K and $60K isn’t cheap enough. Cut it by half.

KidHorn
KidHorn
9 months ago
Reply to  Micheal Engel

Have you seen how much new cars cost now? Even a Corolla is typically over $30k bottom line.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  KidHorn

What does that have to do with the need for a $17,000 automobile?

Micheal Engel
9 months ago

The innovation EV co cannibalized each other. TSLA chewed them up for lunch, especially in CA.
TSLA must shift from the upper middle class customers, from the same group think, to the lower quintiles, to attract Trump flyover customers.
Ilan, these aren’t hateful comments.

KidHorn
KidHorn
9 months ago
Reply to  Micheal Engel

A few years back, EVs were mainly for environmentalists and techies. Now, they’re being sold to everyone. Particularly young people. Where I live, if you ask anyone under 30 what car they want, Tesla would be #1 by far.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  KidHorn

That’s interesting.
Where I live it would probably be a Maybach or a McLaren by further.

TexasTim65
TexasTim65
9 months ago
Reply to  Lisa_Hooker

Nice neighborhood you live in!

Obviously those young people are really dreaming big.

Walt
Walt
9 months ago

Correction: everything that isn’t a Tesla is sitting on a lot forever, because Tesla is kicking the ever loving snot out of the pathetic competition right now. That won’t last forever and ev sales will continue to skyrocket. We’re past the tipping point on this. Remember when everyone was bitching about leds?

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  Walt

“Remember when everyone was bitching about leds?”

Oh, hell yeah I do.

I remember the absurdity over “Big government” trying to take away our freedom to buy incandescent. More than a few ugly exchanges with “Tea Party” types in online forums over….light bulbs, and that was fluorescent not LED.

.

TexasTim65
TexasTim65
9 months ago

Those arguments at least made sense because LED costs were a LOT more than incandescent costs. They still are.

I bought lots of cheap incandescent bulbs before they essentially disappeared. They are more than good enough for closet or attic lights that are on only a handful of minutes a year. For anything else, I’ve switched to LEDs because the light quality has improved markedly.

They should still sell incandescent bulbs though for uses in closets as I mentioned above.

frenchbry
frenchbry
9 months ago

Wife and I just drove both our Tesla and ICE vehicle from Texas to Los Angeles last week. About 1400 miles… 2 days driving with 2-3 stops (depending on distance between chargers) each day for about 50 minutes a piece with charging at hotel overnight. We ended up adding about an hour and a half to our day, and if you’re going coast to coast there definitely will be an extra nights stay. In my mind, the big loss you have with the EV is not being able to easily do a lot of side trips off your main route because chargers are for the most part only on the main highways and you’d end up doing some backtracking. I think the limiter for most cross country today is not necessarily range, but convenience of charging locations. For point a to b EVs can be a good option for most, but if you’re wanting to explore those off the beaten path locales in the middle of the country it will take a bit more planning and time. For those that just want to go and not have that extra planning or time, the high speed charging network just isn’t dynamic enough to make it care-free and convenient.

KidHorn
KidHorn
9 months ago
Reply to  frenchbry

I agree. It’s only an issue if you go off the beaten path. And even then you could probably figure out a way to do it. Most EVs can go 250 miles, so you have at worst about 125 miles of range from the nearest charger.

Thetenyear
Thetenyear
9 months ago
Reply to  frenchbry

I agree. Like you said, long distance travel is much more difficult in an EV. EV’s are great for local/city driving but you would need another vehicle, an ICE vehicle to travel distance. Kind of defeats the purpose.

Billy
Billy
9 months ago

I would love to see a poll done of people who are negative towards EVs that haven’t even driven one yet.
I’ve found that guns and EVs attract the most prejudice people.

Doug78
Doug78
9 months ago
Reply to  Billy

That’s an idea. Putting a gun rack in a Tesla would open up a whole new market segment!

KidHorn
KidHorn
9 months ago
Reply to  Doug78

A Cybertruck with a tesla gun rack would be awesome. The ladies on the view would melt down over that.

Doug78
Doug78
9 months ago
Reply to  KidHorn

That would be so cool! If you drive that the women would be all over you.

Lisa_Hooker
Lisa_Hooker
9 months ago
Reply to  Doug78

Obviously you will have to wait for a reasonably priced electric gun.
Internal combustion guns should not be permitted.

TexasTim65
TexasTim65
9 months ago
Reply to  Lisa_Hooker

Rail Gun

Doug78
Doug78
9 months ago
Reply to  TexasTim65

Tesla with rechargeable electric lasar guns would be even cooler!

KidHorn
KidHorn
9 months ago
Reply to  Billy

Add climate change to the list. How many climate doomers have a clue how global warming works? How many took physics in college and passed?

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KidHorn

It’s a pointless debate with so many well funded big oil mouth pieces pushing pseudo-science. Russia, in particular, has been working over-time to spread false info to preserve their oil industry, including targeting TSLA stock for a decade.

You’re better off making the economic argument, which thoroughly hinges on infrastructure.

Even that argument is failing, where China is the biggest EV buyer, we’ll have no choice but to acknowledge it.

The 2021 infrastructure bill Obama first attempted and McConnell shot down as “unnecessary spending”, that Biden signed, should go a long way, but credit will be taken by a future president….as we hear the usual rants that “Dems spend too much”.

Sorry to invoke politics, but, there is a pattern.
.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  Billy

“Do you plan to buy an EV?”
Yes – 30%, No – 70%

“Do you plan to buy an EV if you have access to fast charging anywhere”
Yes – 70%, No – 30%

Polls are deceptive.

.

Eugene G Kelly
Eugene G Kelly
9 months ago

eVs will soon be worthless-and because of the fire/explosion danger , insurance companies are bumping up premiums. Next: municpal fire departments will demand a speaqcil tax on eVs-because it takes over 100,000 gallons of H2O to put out the fires…and then disposing of the batteries is a huge expense (as Hazardous waste they cannot be place in junkyards)

KidHorn
KidHorn
9 months ago
Reply to  Eugene G Kelly

EVs hardly ever catch on fire. Gas cars are far more likely to ignite, Stop believing all the anti EV propaganda bought by oil companies

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KidHorn

Plato’s allegory of the cave.

He’s simply reiterating what the shadows on his prison wall show him, oblivious to the fact that the sunlight is the true source because his captors tell him sunlight is a lie.
.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  Eugene G Kelly

ICE fires are 60 times more likely then EV’s.

But yes, they’re more difficult to extinguish, co2 foam is the best.
.

Doug78
Doug78
9 months ago

Tesla doesn’t have an inventory compared to the others. Since they dropped their prices to qualify for the bonus and make their car more affordable their sales have risen. For the others their cars just aren’t that attractive compared to Tesla neither in price nor technology and they will be behind for a good while yet. Tesla is still making good money on each car with margins around 19% but the others are losing with every car they make. Now they made the cars and can’t sell them. Additionally they need volume to get the manufacturing cost down and competitive prices for the consumers. And then there is the quality problem. Musk’s strategy was to get there the firstest with the mostest and it has paid off. He did the same thing with SpaceX and Starlink.
The legacy car companies will lose a lot this year on EVs and losses will continue. The problem for them is that the ICE lines will have to pay for the EVs until they are profitable and that will take along time. If they can’t compete in the EV sector and many won’t, then they will be like when airplanes switched over to jet engines from pistons. You could still make money building only piston planes but the real money, the big money was in jets. There will be mega mergers now that they realize they are in the fight of their life. They have knives to fight with but Tesla has a gun.

KidHorn
KidHorn
9 months ago

The problem is Tesla’s cost less and are better. So, people will buy a Tesla instead of other brands. VW has serious software issues, while the others are either priced way too high or don’t qualify for the $7500 incentive.

Worldwide there were over 10 million EVs sold in 2022. And in 2023 it’s expected to top 14 million. While overall vehicle sales are likely to remain flat. Doesn’t seem like a lack of demand.

The number of days on lot is skewed because Toyota, the worlds largest auto maker, has almost no inventory and they don’t make any EVs. If you removed Toyota, I suspect the days on lot would be a lot closer.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KidHorn

Agree on all points.

The only concern I have with Tesla is Elon’s knee-jerk irresponsible business approach, he painted himself into a corner with Twitter with his big mouth.

I hope he starts to contain his ego, or it’s a matter of time before someone goads him into a train wreck with Tesla.

.

Doug78
Doug78
9 months ago

Twitter is doing fine.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  Doug78

Meta has too much of a lead with alternative platforms, like Instagram, Whatsapp, Facebook messenger and now Thread, Zuckerberg keeps buying new platforms while Musk struggles to keep Twitter afloat.

Twitter lost a lot of corporate advertisers with his unstable antics that lead to his being forced to buy them.

Granted, Musk’s done some good for TWTR, but,
He bought a ship that was already sinking, now adding subscription fees only gives Meta a bigger edge.

From ARS –
“Twitter posted a net loss in eight out of the 10 years from 2012 to 2021 and hasn’t booked an annual profit since 2019,” the WSJ wrote….”

link to arstechnica.com.

ImNotStiller
ImNotStiller
9 months ago

Forcing factories to make things nobody wants resemble strongly to Stalin’s Five Years Plans.
Shoes too big or too small roting in warehouses while people didn’t have toilet paper.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  ImNotStiller

Oh yes, my grandfather used to make my father skim on food to the extent he lost weight during the Great Depression, therefore I spend like a drunken sailor and max credit cards to avoid that extreme.

Jon
Jon
9 months ago
Reply to  ImNotStiller

The beauty of America is that everyone needs a car, not just “wants” them. If the only choice you have is an EV, it’s the choice you will make.

Micheal Engel
9 months ago

High end pcs have low turnover. No matter how high their markup will be those pcs will lose money. EVs cars are about ego, about status.

Christoball
Christoball
9 months ago

EV’s appear to be an inconvenient truth.

KGB
KGB
9 months ago

The limited number of innumerate EV buyers was tapped out by Tesla. The cost of my GREEN electricity doubled to $0.53/kWh. You must factor the $10,000 replacement cost of a battery plus the California hazardous waste disposal fee of $10,000. Hence depreciation on a used EV is over $20,000 after a few years. In order to drive across the USA or even to the next city you must tow a trailer with a gasoline powered generator.

KidHorn
KidHorn
9 months ago
Reply to  KGB

I agree about Tesla taking sales from everyone else. But, EV batteries do not need to be replaced unless they’re physically damaged. Plenty of Tesla owners with over 100k miles with batteries doing fine. And there are over 100k charging stations in the US. And about 150K gas stations. So, it’s really not difficult to charge a car.

And even if you needed to replace the battery every few years, the cost would be 0. They typically have warrantees for 8 years and over 100k miles.

Doug78
Doug78
9 months ago
Reply to  KidHorn

They are adding around 75,000 to 100,000 stations per year so soon they will be everywhere. They are much cheaper to build and operate than gas stations as well.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KidHorn

No oil to add, no oil changes, no filters, no brake/brake pads to change.

Two Bit Davinci did a three year/60K mile review of cost effectiveness, he’s thorough, includes the co footprint of the lithium production as well.

link to youtu.be

SURFAddict
SURFAddict
9 months ago

No brake pads? go back to school

Walt
Walt
9 months ago
Reply to  SURFAddict

My 6 year old leaf has something like 90% of its pads left. I fully expect to never replace them – the regen braking is so good that the rotors sometimes get rusty if I don’t purposely drive aggressively for a bit and scrub them off

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  SURFAddict

SURFAddict
July 13, 2023
No brake pads? go back to school

Regenerative Braking, chucklehead.

A A Ron
A A Ron
9 months ago
Reply to  SURFAddict

I think he believes the Regen will do all your braking for you, except in emergencies.
IF set properly and IF the driver learns how to use it effectively, proper regen can essentially cut the use of your brakes down about 80 percent or so, and yes, theoretically you could probably make it on one set of OEM Pads but admittedly that is far fetched.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  KGB

From CA.gov –

“Extremely Hazardous Waste $310.10/ton”

vboring
vboring
9 months ago

It’s hard to tell how much of this is real. Hummers are sitting on lots, but maybe that is mostly because dealers are charging insane markups.

The MSRP is 80-105k. Dealer listings are often $150k+.

Tesla deliveries continue to rapidly increase, despite Teslas having a number of odd features like unconventional controls and door handles that serve as barriers to sales.

Frilton Miedman
Frilton Miedman
9 months ago
Reply to  vboring

Typically, low MPG vehicles tend to slow in sales during high volatility fuel price events, back in ’07-’08 used vans were selling as low as half the price vs a few years earlier.

Namely Putin and MBS/Saudi.

I distinctly recall the Saudi’s used to express concerns for long term oil demand – so they kept oil price reasonable, but with MBS at the helm their production has become recklessly focused on short term price. MBS is trying to beef fuel price to supplement huge infrastructure projects like Diriyah Gate, that are completely powered by, get this, Solar and wind.

.

Zardoz
Zardoz
9 months ago

Time for more incentives.

BigMike
BigMike
9 months ago
Reply to  Zardoz

Ah, more tax-payer funded rebates. Sure, why not. I like paying for other people’s dreams, like war and EVs.

Zardoz
Zardoz
9 months ago
Reply to  BigMike

Did the word “tax” or “government” appear anywhere in my post?

TexasTim65
TexasTim65
9 months ago
Reply to  Zardoz

What other incentives can their be?

Non government entities can offer short term stuff but can’t actually lose money for very long. The problem is a LOT of the inventory is VERY expensive vehicles and without all the free money handouts during Covid (there was estimated to be a trillion in waste/fraud that likely found its way into buying a lot of vehicles) no one can or wants to spend 60+K for a new vehicle and make 1-2K a month payments.

Jon
Jon
9 months ago

All overpriced vehicles, not just EVs, are piling up on dealers lots. EVs, on average, just happen to be higher priced to start with. Tesla is making and selling its lowest priced cars like hotcakes right now. The problem is that all of these manufacturers are trying to be Tesla in 2010: making high end EVs for the high end market to cover high costs because they haven’t figured out how to manufacture them at scale yet. Tesla has been eating that market for a decade now, and has figured it out. Ford needed to be doing this 10 years ago, but were too lazy and incompetent.

There’s a lot to lay at Biden’s feet but this ain’t one of them. There is zero chance the major manufacturers would move to zero carbon emission vehicles without the government forcing them to. If Biden had given them 30 years, they’d start in 25 and start complaining then. They’ve all seen this coming down the pike for 40 years, and none made any effort until Tesla came along. And then they just hoped they’d go away. Probably the same feeling horse buggy manufacturers had when combustion engine cars came along.

Ford and Stellantis both have massively increased the price of their vehicles. Base F-150s are sitting on dealer lots starting at $66k these days. Ram trucks can be found at upwards of $90k. Both are collecting dust on dealer lots. Both are following the same marketing script: stop selling low-end cars and focus on higher priced trucks and SUVs. Within those markets produce the higher end trims with higher prices and remake your brand as a luxury brand. But the average American just can’t afford this stuff. This is the same crap behind Bud Lite. Marketing wanted to make Bud Lite viewed as a higher end, socially progressive, beer for people of taste so they could justify price increases. But Bud Lite was always cheap garbage which is why people drank it. And the people who like cheap garbage beer aren’t socially progressive. So now it sits unsold on shelves everywhere.

The Captain
The Captain
9 months ago
Reply to  Jon

Government forced us to blow money on rocket missions back in the 1960s before it was economical to do so with tech of the time. IT was a huge waste of money. Same for solar panels.

Government doesn’t have to “force” the free market to do the right thing. Government needs to get the F out of the way and let the free market handle things. When the tech is right, the free market will be on it like white on rice.

Six000MileYear
Six000MileYear
9 months ago
Reply to  Jon

Don’t blame the car manufacturers for the slow EV development. On several occasions over the past 20 years gas prices spiked, and yet people kept buying gas guzzling SUV’s. The greatest opportunity for reducing carbon emissions with the least impact to lifestyle is to replace SUV’s with fuel efficient gas compact cars. The gas Toyota Carolla gets around 41 MPG highway, and the RAV4 gets around 28 MPG. so emissions would be cut by 33%. That’s a LOT of improvement instantly and for little money.

A A ron
A A ron
9 months ago
Reply to  Jon

They want you to believe the Bud thing is because of the transtesticle mascot they had.
The REAL reason people are boycotting is because their maroon in marketing basically called most of their customer base frat brats and stupid red necks. When you insult your customer base, they tend to leave your brand. But yes it is low price swill, and they found other low price swill. PBR anyone? Iron City, Milwaukee’s Best, schafer, rolling rock, etc etc etc.

Coors is the next fizzy pyss water to sell.

MelvinRich
MelvinRich
9 months ago
Reply to  Jon

Financing costs are making ev unaffordable for average buyers.

Lawrence Bird
Lawrence Bird
9 months ago

The problem is more what the companies are producing. How many are in the 30-40K range? As opposed to 70+?

vboring
vboring
9 months ago
Reply to  Lawrence Bird

There’s a plentiful supply of used Tesla model 3s in the $20-25k price range.

New are $40k before incentives.

bt
bt
9 months ago
Reply to  Lawrence Bird

I think that’s right. Sales growth was still 50%, so it’s not like people are predicting the death of the EV. Roughly one in six vehicles sold are EV’s and growing. That’s not nothing.

For the most part, comments on range/charge time aren’t relevant for how most people use them. A 30 minute commute back and forth with an overnight charge in between is the vast majority of the usage. They make great second cars for a household. As a primary vehicle, they don’t make sense for everyone, but they make sense for a whole lot of people.

KidHorn
KidHorn
9 months ago
Reply to  Lawrence Bird

Coming soon. At least outside the US where the Chinese are allowed to export. And the model 2 is expected to cost under $30k when it rolls out in a couple of years. After $7500 credit, might be close to $20k.

Zardoz
Zardoz
9 months ago
Reply to  KidHorn

We been hearing about that 30k car for a decade now. I thing they will have to run out of buyers for the expensive ones before they get serious about it.

Discount Chinese firebombs will probably be the first to claim that market.

KidHorn
KidHorn
9 months ago
Reply to  Zardoz

They’re building a factory in Mexico to build them.

Tom Bergerson
9 months ago

Even if the solid state doubles the range, the issue remains about charging time

If you need to be able to drive 1500 miles, with ICE or hybrid you can do that with 3 to 5 10 minute refill times. If you need to recharge for several hours to “refill” the new awesome batteries twice, you are still better off with ICE or hybrid. Long range trips do not work for EV

I will never buy an EV.

Zardoz
Zardoz
9 months ago
Reply to  Tom Bergerson

If you are driving 1500 miles, you aren’t in a hurry.

Mike2112
Mike2112
9 months ago
Reply to  Zardoz

I’ve driven long distance many times. I promise you I wanted to get there without an extra 25%-50% time on the road.

Throw in the extra hotel stays you’ll need and the cost gets even higher.

Doug78
Doug78
9 months ago
Reply to  Mike2112

Good but how many people drive as much as you do? Probably not too many.

Zardoz
Zardoz
9 months ago
Reply to  Mike2112

Since you’re a frugal fan of expediency, You might want to look into a miraculous invention called the “aeroplane.” 4 hours for that trip, cheaper in fuel, hotels, time, and car wear.

Quite the bargain.

Directed Energy
Directed Energy
9 months ago
Reply to  Zardoz

If a family is 1500 miles away, and a household needs to get there in a hurry (ill family member, etc) not every household can buy 4 plane tickets for a flight the next day. I’ve driven cross country multiple times for emergencies, and wasting time charging isn’t a good plan.

Walt
Walt
9 months ago
Reply to  Zardoz

What if I need to have my pet alligator that lives in my wake boat to the reptile vet in Tampa in 22 hours and I’m in Calgary, though?

This EV crap will never catch on.

KidHorn
KidHorn
9 months ago
Reply to  Tom Bergerson

Truck drivers have to take a 30 minute break after 8 hours of driving. My Tesla has about 300 miles of range which would require a refill every 4 hours if I averaged 75 mph, so if I followed the same guide, every other stop would be required. And I would use the other stop for food and or bathroom break. Not a big deal.

RJD1955
RJD1955
9 months ago
Reply to  KidHorn

It’s a big deal for over-the-road drivers. If they aren’t moving they aren’t making money. Range on Class-8 big rigs goes down dramatically when pulling a full load…roughly 22 tons. Freightliner has their E-Cascadia tractors. They work OK for limited range…local delivery trucks. They can be back in the yard for an overnight charge. Unless there is a leap in battery technology to increase range and lessen charging times, the big cross-country rigs are a non-starter (at least at the current time).
Cummins Diesel is pouring millions of dollars into the development of hydrogen combustion engines. There will be issue with that also, with regards to making hydrogen fuel, storing in pressurized fuel tanks, and having a network of hydrogen refilling stations.

Jojo
Jojo
9 months ago
Reply to  KidHorn

FYI:

“Large fluctuations in outdoor temperatures can shorten the lifespan of the batteries used in electric cars – if those cars are parked outside, that is. An experimental new car-cloak could help minimize such damage, by damping changes in temperature.”

link to newatlas.com

Stuki Moi
Stuki Moi
9 months ago
Reply to  KidHorn

“My Tesla has about 300 miles of range which would require a refill every 4 hours if I averaged 75 mph, so if I followed the same guide, every other stop would be required.”

Since “super”charging stations are always spaced out to match your battery state and all….. And never occupied.

It will always be perfectly possible to row across the Atlantic, if every.single.thing.goes.exactly.optimally. Builders of products designed to be in wide use by non stunting zealots nor pure gullibles, OTOH, should instead be as resistant to nothing being even nearly optimal.

For some uses, BEVs does this well (Home charging, shorter trips). But for general transport (including trips to Prudhoe in winter during WW3…), they’re so far behind as to render them pointless altogether for such uses.

If this silliness worked so universally darned well, Biden should insist the various kit he’s sending the Ukranians, should be battery electric…. So they could stop by superchargers along the way as they were advancing into Russian held territory.

A A Ron
A A Ron
9 months ago
Reply to  Tom Bergerson

Most people are going to want to pull over every few hours anyways to stretch their legs, get a drink, take a leak etc etc, especially if the trip is a family one. That typically can take 20 minutes or so, which a fast charger supposedly can pump one of these up in. If you are a commercial driver, the most you are supposed to drive in a day is what 8 hours legally? Lets assume Texas’ 80 MPH is the fastest LEGAL speed limit you can drive, that’s 640 miles, then you must pull over and rest, the vehicle now has 8 hours to charge.

Id be nice if people would present the info in a truer fashion rather than cherry picking to make their tiny sliver of a distorted point.

Brian
Brian
9 months ago

Mish, Tesla inventory is not mentioned. How much backlog does Elon have?

Doug78
Doug78
9 months ago
Reply to  Mike Shedlock

A more efficient setup.

Stuki Moi
Stuki Moi
9 months ago
Reply to  Doug78

“A more efficient setup.”

And hence, in Idiotopia, banned for most.

Mish Admirer
Mish Admirer
9 months ago

Except for Tesla, which has less than 20 days.

KidHorn
KidHorn
9 months ago
Reply to  Mish Admirer

I picked up a Tesla a few weeks ago. Took about 4 hours, they were so busy. Told me they delivered over 120 cars that day. Probably more than most dealerships have on their lot.

Jim Davis
9 months ago
Reply to  Mish Admirer

You hit it on the head on the last sentence. EVs are too expensive and inconvenient to own. Take those EVs and shove it Biden!

William Benedict
William Benedict
9 months ago
Reply to  Jim Davis

I feel like you and I am in Bangkok. I just have no interest in these EVs. My wife purchased a EV weed eater. It works great for a short time and then the battery is dead. I will take the petrol power anytime.

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