EV demand crashing

[cygnus]

Just as I predicted, EV demand is crashing. As much as I dislike STLA executives, at least they didn’t pull a GM (refuse to invest in hybrids and sell baked over 10 Year old crossover and car platforms) or Ford (letting Doug Fields, who is an absolute idiot, make pricing or product decisions)

https://www.business2community.com/stock-news/ev-stocks-crash-is-demand-for-electric-cars-tapering-off-amid-rising-competition-02582877

Rising Power Prices in Europe Are Making EV Ownership More Expensive

The price rises for power remove a powerful incentive for consumers who were contemplating a switch to EVs, which used to be much cheaper to run than combustion engines.

www.wsj.com

 

[JohnRogers]

We're not ready for mass abandonment of ICE yet. Some of the OE better figure that out before it gets too late. CARB mandates today don't mean they can't be rescinded tomorrow.