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brenthutch

Automakers rethink EVs

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U.S. EV Sales Hit Another Record In Q3 2024: '10% Share Within Reach'

General Motors has officially become America's second-best-selling EV maker behind Tesla, pushing Hyundai Motor Group into the third spot.

Electric vehicle sales hit a new record in the U.S. in Q3, driven by attractive lease deals, financing offers and a growing appetite for affordable models among American car buyers. Despite all the political noise around EVs and negative headlines in financial papers, automakers are having a moment selling their battery-powered cars.

According to car trading and market insights firm Cox Automotive, automakers sold an estimated 346,309 EVs in the third quarter, a 5% increase from the second quarter. EVs accounted for 8.9% of the total auto sales—the highest ever on record—marking an increase from 7.8% during the same period last year.

"With improving infrastructure, far more choices, and excellent deals to be had, the team expects further growth in the months ahead," Cox Automotive analysts wrote.

https://insideevs.com/news/737158/us-ev-sales-q3-2024/

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On 10/29/2024 at 4:18 PM, billvon said:

EV sales just hit a new high

See if you can find the place on this graph where the anti-EV crowd said "That's it!  EVs are dead!  All manufacturers rethinking them!"

9 month high.jpg

That is because of one country. Look at all the other colors besides red, and they are pretty much stable. What makes that graph go up and down is China (followed by a distant second of the EU).

This graph also shows that the US and Canada do not want EVs anymore. It clearly shows what once was a booming and increasing market has dwindled to a tiny sliver. Oh wait....

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1 hour ago, CygnusX-1 said:

That is because of one country. Look at all the other colors besides red, and they are pretty much stable. What makes that graph go up and down is China (followed by a distant second of the EU).

This graph also shows that the US and Canada do not want EVs anymore. It clearly shows what once was a booming and increasing market has dwindled to a tiny sliver. Oh wait....

Hi X-1,

I read three different articles about a month or so ago.  Each dealt with EV's & their sales.  One was about Ford, one was about Volvo & one was about Toyota.

All three articles said that, due to sales & market research, the market really wanted plug-in hybrids.

I tend to agree.

Jerry Baumchen

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On 11/1/2024 at 2:22 PM, JerryBaumchen said:

All three articles said that, due to sales & market research, the market really wanted plug-in hybrids.

 

My guess is that is because most people are afraid of change. They don't realize that for the most of them an EV will cover all their needs. plug-in hybrids are a good steppingstone, IMO especially if they actually use the EV part of the vehicle.

My biggest complaint of hybrids is that the vehicle (at least the one that I recently rented) did not know how to properly utilize the battery vs engine when driving to get the maximum range out of the system. It had the idea that it would run off the battery first and drain it down to nothing. I can't really fault it for that as the car didn't know that I was constantly immediately heading onto a highway going up and down hills at 70 MPH for 30 miles. Then getting off and onto back-roads where slower speed and flatter ground was the norm. It would burn through the entire battery in the first 20 miles of driving and I couldn't tell the vehicle to run on the engine (unless I coasted down the hills reducing my speed all the way down - followed by flooring the vehicle all the way up the next hill - you know, driving like an idiot).

But to improve this, the car would need to be partially designed by software engineers where when you put in a destination into the GPS, the car would map out the best route and then determine when the best times to run off of electric would be and when it made more sense to run off of the engine.

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1 hour ago, CygnusX-1 said:

My biggest complaint of hybrids is that the vehicle (at least the one that I recently rented) did not know how to properly utilize the battery vs engine when driving to get the maximum range out of the system. It had the idea that it would run off the battery first and drain it down to nothing.

Mine does the same.  But it also has a button where you can select EV-only mode, standard hybrid mode or charge mode (hybrid mode that charges the battery as well.)  So you can do what you want - drive 20 miles on surface streets, get on the highway, switch to hybrid mode, then charge the battery a little before you get off so you can make the second stretch of surface streets on battery alone.

 

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Donald Trump now endorses electric vehicles because well you know, Elon Musk endorsed him so now EV’s are cool

This could be reposted in so many different threads… I mean EV is part of the woke culture, which everybody hates and Donald Trump hates but Elon Musk owns the electric car market and is pretty fucking woke when it comes to that sort of thing

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30 minutes ago, tkhayes said:

Donald Trump now endorses electric vehicles because well you know, Elon Musk endorsed him so now EV’s are cool

Trump is so full of bullshit that he could possibly surprise us all. Now that he no longer has to plot reelection it may turn out that he is not really the red meat conservative that he has been posing as.

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1 hour ago, gowlerk said:

Trump is so full of bullshit that he could possibly surprise us all. Now that he no longer has to plot reelection it may turn out that he is not really the red meat conservative that he has been posing as.

Hi Ken,

IMO that depends on what minute you are discussing.

He is well known to not be very intelligent.

Jerry Baumchen

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The interesting question is will Trump stop the EV 7.5k lease tax credit interpretation that basically allows anyone to lease any EV and get the credit.  Musk has said he doesn't care about the tax credits, but I have to believe that actually he does, as it will impact Tesla sales.  Trump had eliminating the credits as a "day one" thing at one point in his campaign, but now? Who knows.

My wife has a deposit on a Volvo EV. She got an email from Volvo the day after the election saying "we will be shipping EV30s to the US next month, rather than next summer as we said a few months ago".  The reason one assumes is to beat the end of the credits / tariffs, so they aren't holding their breath.  We shall see. 

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12,000 EV charge points added in the US in the last 3 months alone.  In 2020, 38% of the most heavily trafficked highways in the US had DC fast chargers at least every 50 miles. Today that number is 59.1%. By the end of 2025, it should be at 70-80%, depending on how many Trump manages to cancel.

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1 hour ago, billvon said:

12,000 EV charge points added in the US in the last 3 months alone.  In 2020, 38% of the most heavily trafficked highways in the US had DC fast chargers at least every 50 miles. Today that number is 59.1%. By the end of 2025, it should be at 70-80%, depending on how many Trump manages to cancel.

Green boondoggles will be the first thing on the chopping block.

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1 minute ago, SkyDekker said:

Tesla's own website says something different.

Have you ever drank the KoolAid.

I just read something on Reddit 

 

31 minutes ago, SkyDekker said:

Tesla's own website says something different.

Have you ever drank the KoolAid.

I had read that that was “domestic content” restrained. Anyway Musk in his own words, from Politico:

Elon Musk, the billionaire electric vehicle mogul whom President-elect Donald Trump has tapped to help lead a government efficiency task force, told POLITICO’s E&E News on Thursday that he wants to eliminate tax breaks for EV buyers.

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44 minutes ago, brenthutch said:

I just read something on Reddit 

 

I had read that that was “domestic content” restrained. Anyway Musk in his own words, from Politico:

Elon Musk, the billionaire electric vehicle mogul whom President-elect Donald Trump has tapped to help lead a government efficiency task force, told POLITICO’s E&E News on Thursday that he wants to eliminate tax breaks for EV buyers.

No he said he wants to eliminate all subsidies.

So when the oil lobby puts a stop to that, he will say that it is only fair EV cars also get subsidies.

 

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2 hours ago, brenthutch said:

Elon Musk, the billionaire electric vehicle mogul whom President-elect Donald Trump has tapped to help lead a government efficiency task force, told POLITICO’s E&E News on Thursday that he wants to eliminate tax breaks for EV buyers.

Funny!  When Gavin Newsom said that California would provide the tax breaks if Trump cancelled them - except for Tesla, since Musk said they didn't want them - Musk called him "insane" for not giving Tesla the tax breaks.

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1 hour ago, SkyDekker said:

No he said he wants to eliminate all subsidies.

So when the oil lobby puts a stop to that, he will say that it is only fair EV cars also get subsidies.

 

“Elon Musk, the billionaire electric vehicle mogul whom President-elect Donald Trump has tapped to help lead a government efficiency task force, told POLITICO’s E&E News on Thursday that he wants to eliminate tax breaks for EV buyers.”
Reading comprehension not your strong suit?

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1 minute ago, brenthutch said:

Reading comprehension not your strong suit?

Here is the article: https://www.politico.com/live-updates/2024/12/05/congress/elon-musk-electric-cars-00192848

quoted from there:

"In response to a question about whether he would want to get rid of the $7,500 tax credit for certain electric vehicle purchases that Democrats passed as part of their 2022 climate law, Musk said, “I think we should get rid of all credits.”

“Take away the subsidies. It will only help Tesla,” he posted in July, before Trump tapped him to lead his new advisory committee. “Also, remove subsidies from all industries!”

 

So no, he didn't say "I want to eliminate tax breaks for EV buyers". He qualified his statement by saying he wants to remove all subsidies. He knows that doesn't have a snowball's change in hell of happening. Which in the future will allow him to explain why EV tax breaks or equivalent subsidies are still a thing.

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