EV Sales Break Records Again 3rd Quarter 2024 10% market share within reach

[banddag]

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

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. "A 10% share is well within reach.



Hey cat, I thought you said ev sales were dying.
@catfish1957

[banddag]

BTW so much Lithium was found in Arkansas it will supply all the US needs without having to import it.

But wait, I though you folks said lithium was running out?

[Lando Lincoln]

Don’t worry. The Arkansas lithium will be unavailable through over regulation. I wonder which party will be the main driver of such regulation.

[DefiantMassRINO]

They're prospecting for lithium in Maine.

If people want to buy/lease EV's, go for it.  Just don't take away my choice to buy an internal combustion engine vehicle.

[IsailedawayfromFR]

But wait, I though you folks said lithium was running out?

Can you provide the source of that claim?

Everything I have seen says the problem with lithium is it is mostly foreign sourced and is a very dirty job in extraction.

[berdie]

They're prospecting for lithium in Maine.

If people want to buy/lease EV's, go for it.  Just don't take away my choice to buy an internal combustion engine vehicle.

That, to me, is the issue. If a person wants an EV...good. I don't.

[The_Reader_David]

So, how much of this is driven by blue state governments and companies whose managers get huge bonuses for meeting 'carbon neutrality' targets buying EV's for their fleets?

[Hoodat]

Electric vehicle sales hit a new record in the U.S. in Q3, driven by attractive lease deals

Leases aren't sales.

[mountaineer]

But wait, I though you folks said lithium was running out?

Who said that? Please provide a cite.

[Wingnut]

They're prospecting for lithium in Maine.

If people want to buy/lease EV's, go for it.  Just don't take away my choice to buy an internal combustion engine vehicle.

Who is gonna mine it? Lesbian in Old subaru's?

[Bigun]

That, to me, is the issue. If a person wants an EV...good. I don't.

I completely agree @berdie and I don't want the government injecting one thin dime to prop up the EV manufacturers either.

[PeteS in CA]

Don’t worry. The Arkansas lithium will be unavailable through over regulation. I wonder which party will be the main driver of such regulation.

IIRC, there are significant lithium deposits in Nevada (and eastern California?). But as you pointed out, the Enviros and envirocrats have waged lawfare against mining companies, forcing them to cease mining.

[PeteS in CA]

...
But wait, I though you folks said lithium was running out?

Who said that? Please provide a cite.

I also have never seen that claim made in any of the three conservative discussion sites I frequent and infest. Straw men are easily beaten down.

[IsailedawayfromFR]

I completely agree @berdie and I don't want the government injecting one thin dime to prop up the EV manufacturers either.

Not only that, but it would seem the federal propensity of chasing emissions issues of gas vehicle users, lead paint, fluoride, CO2, you name it, should be directed toward safety issues regarding lithium batteries' tendency to burn and explode.

People are being seriously injured or killed due to these incidents, and I for one have not heard a peep from the US Consumer Product Safety Commission demanding manufacturers to improve product safety for lithium batteries.

[banddag]

I also have never seen that claim made in any of the three conservative discussion sites I frequent and infest. Straw men are easily beaten down.

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Uh, we don’t even have enough resources to replace the electric batteries on EVs we’re running now…
Stockhead ^ | 08/16/2022 | Reuben Adams
Posted on 4/19/2023, 1:45:26 PM by SeekAndFind

We don’t have enough lithium, cobalt and nickel to build even one generation of batteries for all EVs and stationary power storage
To phase out ICE and fossil fuels we need a better plan; that includes recycling and alternate battery tech (vanadium, zinc)
ASX stocks looking to build battery recycling businesses include Neometals, Hannans, Lithium Australia
There are not enough minerals, like lithium, cobalt and nickel, in the currently reported global reserves to build even one generation of batteries for all EVs and stationary power storage, according to a recent report.

Associate Research Professor Simon Michaux from Geological Survey of Finland GTK says those batteries have an estimated life cycle of ~10 years.

“This means even if technology improves by doubling efficiency, then the same quantity of metal has to be sourced from somewhere only 10 to 20 years later,” he says.


To: M. Dodge Thomas
But there is still a lithium shortage.
2 posted on 1/28/2022, 1:09:37 PM by gunsequalfreedom (ui)
[ Post Reply | Private Reply | To 1 | View Replies]


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The cost of lithium — a metal used to make electric car batteries — is up nearly 500% since last year: 'Supply is simply nowhere near enough to feed this demand surge'
theblaze.com ^ | 3/22/2022 | Phil Shiver

Posted on 3/25/2022, 11:22:56 AM by rktman
The race to a low-carbon future via electric vehicles already comes with a hefty price tag. But that price tag may enlarge even more in the coming months if the skyrocketing cost of lithium serves as any indication.

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The World Is Facing A Lithium Supply Crunch As Demand Soars
Oilprice ^ | May 13, 2021 | Tsvetana Paraskova

Posted on 5/13/2021, 10:01:07 PM by nickcarraway
In just one year, the world’s largest lithium producers turned from cautiously optimistic about prices and very careful about expansion projects to decisively bullish on near, medium, and long-term demand for the key battery metal.




@mountaineer
@PeteS in CA

[banddag]

Leases aren't sales.

Sure it is.  Dealers are ordering in  new ev's and leasing them out. Customers had a choice between gas and ev and ev sales keep breaking records every quarter.
All the problems with Ev's are being fixed.

Charging stations going up everwhere, longer range, quicker charging times, more selection, ev's dropping in price.

BTW leasing is at record levels with gas cars also. When a dealer orders a new gas car from the manufacturer it is considered a sale.
@Hoodat

[catfish1957]

I have a few observations on this matter....

1. 50% of the population has an IQ of under 100, and are gullible and can succumb to the whims of governmental and automaker coaxing and incentives.  Heck, if I was an idiot, I might buy into this governmental subsidized party too.
2. I want to see the same data in 5-7 years after all the EV owner's batteries have been replaced at the cost of what would be 2 engines on a IC vehicle.  Biggest winners 20 years from now?  Auto Junk Yards.
3. Let's also wait for some data and first hand experiences of EV owners who have difficulty in emergencies.  Hurricanes, Blizzards, or mass power outages. 
4. If people want to be stupid and take a chance and the risk on these?  Go for it.  Just don't subsidize this shit with my tax dollars.  And don't remove my ability to prevent me from a choice either.
5. Banddoogle  is a left wing idiot, and is doing his best to promote every stupid left wing agenda item known to man.  I find his antics pretty funny, but his abilities as a troll?  I'd give him at best a D+
6. His wild but stupid assertion that EV's catching on, are all because of Item 1.  Well that, and that so many people have been scammed by the enviro-whacko faction into that political agenda.  Here's another INDY POV, that Briefers might be interested in,

https://www.ey.com/en_us/newsroom/2024/09/us-consumers-less-likely-to-purchase-an-ev-than-last-year

[PeteS in CA]

1. I have not been on FR since 1999 or 2000, so my very specific statement is true. At this time I regard FR as the conservative-ish version of Democratic Underground ... is it necessary to explain how that is not an expression of respect.

2. There is a difference between minerals being available in storage or being actively mined and minerals in the ground and being kept there by enviro-regs and enviro-lawsuits. Do I need to explain that difference?

[mountaineer]

Do I need to explain that difference?

You can try, but it won't sink in.

Seriously, Free Republic? 

[catfish1957]

You can try, but it won't sink in.

Seriously, Free Republic? 

Joined in 2000, banned in 2016.  I  visit there every few months in curiosity or for a research reason.

FR is now 80% infested with Qanon nutjobs and Trump kneepadders. 

[banddag]

IIRC, there are significant lithium deposits in Nevada (and eastern California?). But as you pointed out, the Enviros and envirocrats have waged lawfare against mining companies, forcing them to cease mining.

You need to stop getting all your info from wacko rw websites. They will make you  ignorant and stupid.

Billions in US funding boosts lithium mining, stressing water supplies | Energy News Network
Billions in US funding boosts lithium mining, stressing water supplies
The energy transition is driving demand for batteries; funding from the Inflation Reduction Act and other federal programs is helping to fill it.
Department of Defense Awards $11.8 Million to Accelerate Development of Domestic Lithium Carbonate Processing and Production > U.S. Department of Defense > Release
MEDIATE RELEASE
Department of Defense Awards $11.8 Million to Accelerate Development of Domestic Lithium Carbonate Processing and Production
Aug. 5, 2024 |   
The Department of Defense announced today an $11.8 million award via the Defense Production Act Investment (DPAI) office to Lithium Nevada Corporation (Lithium Nevada), a subsidiary of Lithium Americas Corp. The award aims to accelerate the extraction and processing of lithium carbonate and directly supports the 2024 National Defense Industrial Strategy's objective to expand support for domestic production of critical minerals.
"It is critical that we shore up reliable and sustainable domestic supplies of strategic materials, like lithium carbonate, that are necessary for the production of large-capacity batteries," said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy. "This award helps do just that, facilitating the acceleration and expansion of Lithium Nevada's existing capabilities to meet growing demand."




Kings Mountain lithium mine to reopen with $90 million for DoD

CHARLOTTE, N.C. (WNCN) [/size]— A North Carolina chemical company received a boost from the U.S. Department of Defense Tuesday as the Pentagon implements plans for secure supply chains and domestic sources for critical minerals.


FILE - A rendering of a planned processing facility is displayed by the U.S. Bureau of Land Management during a news conference in Reno, Nevada, Oct. 24, 2024. The same day, the U.S. Interior Department gave final approval to ioneer's Rhyolite Ridge lithium mine in Nevada.18 hours ago


Biden administration approves Nevada lithium mine - VOA News
 
Voice of America English News
https://www.voanews.com › biden-administration-appro...

@PeteS in CA
@mountaineer

[mountaineer]

Please stop tagging me to your posts. I'm not interested.

[banddag]

Please stop tagging me to your posts. I'm not interested.

Because I am destroying your argument with facts and you know it.

@mountaineer

[mountaineer]

Because I am destroying your argument with facts and you know it.

Yeah, that's what it is.
 

[Hoodat]

Leases aren't sales.

Sure it is.

Again, no.  It is not.  A sale involves transfer of ownership from Party A (seller) to Party B (buyer).  With a lease, Party A retains ownership of the product.  There is no sale.  This is basic economics, which for some reason is completely foreign to you, @banddag

Dealers are ordering in  new ev's and leasing them out.

Dealers (who sell cars) are finding that they are unable to sell the new EVs they ordered, and are now coming up with creative ways to try to recoup their losses.  Leasing cars is one of these ways.  From the consumer end, a lease is considered "attractive" if it favors the lessee over the lessor.  The fact that you describe these leases as "attractive" shows that the dealers are getting stuck with a huge inventory of cars they can't sell and are offering leases at a loss in order to relieve themselves of the excess inventory.  In other words, it proves the exact opposite of the claim you are trying to make.  Sales remain stagnant.  Dealers expecting higher sales are screwed.  And they are now taking a loss through cheap leases in order to recover some of their loss.

All the problems with Ev's are being fixed.

Really?  So EV's now have the same range as gasoline vehicles during winter in Minnesota?  I think not.  I think you are lying about problems being fixed.

btw, if you ever decided to get on board with replacing those batteries with hydrogen tanks, you would find that hydrogen produces much more consistent driving ranges over various temperature zones.  Hydrogen fuel cells are not affected by cold weather like battery-powered EVs.  And they also produce just enough heat to warm the passenger compartment without draining even more electric power for heating.  But then you have chosen to continue wallowing in your ignorance on this subject even though there are engineers here who have been willing to show you a better way.  So keep lobbying for the Chinese battery industry.  Just don't expect anyone here to fall for that nonsense when there are clearly better options, not only for the consumer but for the environment as well.  The best champion the environment could possibly have is capitalism.  Yet you reject it again and again.