“EV’s – Electric Vehicles”

TORONTO — Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., to 2027.

The U.S. automaker had planned to start production at the Canadian plant in 2025.

What Tesla’s troubles tell us about the EV industry

Tesla’s disastrous earnings report this week has sparked a sell-off of the world’s largest electric vehicle manufacturer and widespread skepticism about the state of the EV industry as a whole.

“This is a fork in the road, not just for Tesla, but for the entire industry,” said Wedbush Securities analyst Dan Ives in an interview on Wednesday.

Tesla’s stock sold off sharply this week after its earnings report showed the company was on track for its slowest quarter since 2022.

They still hold out hope that EV’s will conquer.

The “$60,000 Electric Junkers to Save the Planet” industry is running into trouble. Tesla sales are down and GM is running into trouble with its lineup of electric junkers. Especially since with the Bolt gone, it has no more remotely affordable EVs. And the people who can drop a year’s salary to save the planet are buying luxury brands.

Western policy on decarbonisation seems to be driven more by emotion and boosterism than by what is technologically feasible

Never was the old adage “don’t buy the prototype, buy the redesign” more appropriate. Motorists who bought an electric vehicle in the belief that it would hold its value better than a petrol or diesel must be feeling a little sore. According to the AA, the secondhand values of the 20 most popular electric and hybrid cars was down 12 per cent in the first quarter of this year compared with the first quarter of 2023. That is the drop in value of like-for-like cars, not what buyers can expect to lose in depreciation over the first year.

For Elon Musk and Tesla, 2024 has so far been a rough year.

First, attacks in the Red Sea forced the shutdown of Tesla’s Berlin gigafactory in January. Then, “ecoterrorists” shut it down again in March.

To top it off, mounting competition from Chinese rivals forced Tesla to slow production in Shanghai in the face of weaker sales.

A Canadian entrepreneur in China accused of stealing battery manufacturing technology from Tesla has been released on bail in the United States.

Klaus Pflugbeil, a Canadian citizen living in Ningbo, China, had a bond hearing on March 22 and was released on bail March 28, according to information provided by Danielle Hass, spokesperson for the United States Attorney’s Office for the Eastern District of New York, in an email to CTVNews.ca on Monday.

A lead article in the sober-sided New York Times is seldom funny. Yet ‘A New Surge in Power Use is Threatening US Climate Goals’ earlier this month cracked me up. Check out this sternly dramatic first paragraph: ‘Something unusual is happening in America. Demand for electricity, which has stayed largely flat for two decades, has begun to surge.’ Personally, I’d have headlined that article ‘Well, duh’ – perhaps with the subhead ‘Aw, shucks’.

Hertz just fired its CEO for one single, awful business decision.  He is taking the fall for Hertz’s decision — on his watch — to buy 100,000 electric vehicles from Tesla, all for the American fleet.  To say the decision was a flop is putting it mildly.

Hertz has about 3,000 domestic locations, and a fleet of about 430,000 cars, SUVs, and minivans. Each location obviously ranges widely from high volume to low, so this estimate won’t be exact, but that works out to about 35 E.V.s per location.

The Biden administration’s Environmental Protection Agency (EPA) has revealed its ambition: to phase out gas-powered cars in favor of electric vehicles (EVs). Incredibly, this announcement comes as we are flooded with overwhelming evidence that EVs are a market loser.

Indeed, the artificial boom and then meltdown of the EV market is a modern industrial calamity. It was created by government, social media, wild disease frenzy, far-flung thinking, and the irrational chasing of utopia, followed by a rude awakening by facts and reality.

h/t Mauser