⚡Unsold electric cars are piling up on dealer lots⚡

https://www.msn.com/en-us/money/com...cars-are-piling-up-on-dealer-lots/ar-AA1dEXeJ

Lot's of EV's out there. Of course the costs up front are massive and could take up to ten years to break even on.

This isn't about being able to charge them. EV's are bigger, heavier, have a lot of emerging negative trade-offs and most of all are still profoundly expensive.

 

ICE cars too - expensive

the republican run fed raised interest rates to cool the hot Biden economy

 

You never break even on an ICE car

 

Yay! Electric cars doing bad! That's good for some reason!

 

The waiting time in the UK for a new EV is around 5 months. In Germany it is around a year

 

Americans, am I right,

 

My wife just bought a Corolla hybrid. They can't keep them on the lot. If they made a Corolla EV, it would be the same.

 

Because pavement is hot and the ICE cars melt too fast.

 

The calculations are breaking even relative to an ICE car. All cars have ongoing costs.

They aren't doing well in part due to cost to acquire, their performance and many of the tradeoffs relative to the other choices. As the article noted Toyota hybrids are doing quite well.

 

Make all the anecdotal complaints you wish, EVs are here to stay. As far as maintenance and efficiency, ICEs are obsolete.

 

agree, the missing key is battery technology, but it will get better with time

early adopters will make it all possible

 

They are far from obsolete. Everything has a ROI, and if the EV's aren't there yet or never get there in certain matters then other options need to remain legal and available. In the meantime when they aren't affordable people aren't buying them.

 

It's already happening.

https://www.theguardian.com/business/2023/jul/04/toyota-claims-battery-breakthrough-electric-cars
https://electrek.co/2023/06/13/toyota-claims-solid-state-ev-battery-tech-breakthrough/

Pile on all the new EV companies, that will require all the big car companies to invest more in EV.

 

Please reread.

As far as maintenance and efficiency, ICEs are obsolete.

ICE cars are not inexpensive, EVs are ubiquitous now.

 

I recently used the Tesla website to get a quote for a vehicle. Among the items listed in the sale price for consideration were how much I'd save in gas the first few years. However that money didn't go into my pocket. It was listed as a consideration because the EV cost so much more than the ICE vehicle. The EV was literally still $15-$20k more than the equivalent ICE car. Tax credits, cost of gas and other things were trying to help bring that down to even. In many cases studies have shown it can take up to 10 years to break even on the additional costs including acquiring of the EV.

 

Sure
EVs are only going to go down in price, while gas is always subject to marker hiccups.

https://ev-lectron.com/blogs/blog/electric-car-maintenance-cost
On average, EV owners can expect to pay around $4,600 on lifetime regular maintenance and repair costs, as compared to the $9,200 gas cars would need.

That's a cost difference of $4,600!

Electric vehicles require $0.31 per mile on lifetime repairs and maintenance fees, while internal combustion engine vehicles need $0.61

 

The EV is a technological step backward.

 

That's why ICEs have a 4-1 power stroke, and I suggest you look at the 0 - 60 times.

 

They are keeping the prices high. It does not look like they want to move inventory.

 

it is happening, but we are only at the beginning, it's gonna get much better
and safer

in ten years, it's will probably be illegal to take an old cell phone on a plane due to battery safety

 

Your link is nice but largely speaks in generalities. We can't really question their assumptions because it doesn't really state them. For example it notes battery replacement which is a massive expense for an EV vehicle happens at 8-10 years.

When I went to the Tesla website to check financing the terms were for 6 years. In fact with the incredible rise in costs many financing timeframes are 5-6 years.

So what do we do with all these cars that only last 8-10 years? The link calls that the "lifetime" of the vehicle but many people keep and operate vehicles for well beyond that timeframe.

In fact doing so is.... good for the economy. Just using and consuming is supposed to be a bad thing.

As I have noted the massive upfront costs can take up to 10 years to break even. Variables like what does electricity costs where you live and so on can influence all those calculations. For now though, perhaps as a sign of bad economy, the massive upfront costs are harder for many to take or make.

 

All electrical goods such as TVs, TV recorders, mobile phones, PCs, Laptops etc have dropped massively in price since first produced on the open market and with much higher specs than before. The same will happen with EVs as long as the infrastructure improves

 

Even new material is being used to assist.

https://newscenter.lbl.gov/2023/03/07/ev-batteries-new-polymer-coating/

 

Yeah because ICEs have no maintenance cost after 10 yrs.

 

And that makes you happy for some reason?