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

[catfish1957]

I wonder how much posting that crap pays?

I could use a lucrative part time job.

Never gave thought to him being a dim paid political operative.

Makes sense though....   Starts out with his "Concern Troll" routine claiming to be a moderate Republican, and then devolves into full frontal left wing douchebaggery.  Then takes a non-sequitur path of alternating talking points with faux outrage.  Honestly, I think he is entertaining with his flailing and desperation.   It's kind of like watching a fish who accidentally jumped out of the water. Except no one here wants to throw his ass back into the drink.

[Hoodat]

Why is ag subsidized, why are chips subsidized, why is nearly everything subsidized in the US?

Because of liberal Democrats.

[banddag]

You do know that we oppose government subsidies for every US industry.

No doubt. But most here do not live in the real world of worldwide competition and other factors that make subsidies necessary
@Hoodat

[banddag]

Because of liberal Democrats.

You do know the largest ag states are red states and nearly 100% of Republican  House and senate members vote for it.


The chips act passed with bipartisan support.

As I said you do not live in the real world.

@Hoodat

[IsailedawayfromFR]

Why each quarter are EV sales breaking records?

1000 ev chargers are coming online every week in the US.  I live in a rural area and 1/4 the gas stations now have ev chargers. Hotels, banks, restaurants, malls, apartment complexes are installing them as it attracts business. Shop while your car is charging.

https://www.transportation.gov/briefing-room/investing-america-number-publicly-available-electric-vehicle-chargers-has-doubled#:~:text=Since%20the%20start%20of%20the,chargers%20being%20added%20each%20week.

https://www.bloomberg.com/news/articles/2024-03-06/tesla-helped-spur-a-long-range-electric-vehicle-boom

The Long-Range EV Boom Has Arrived
Electric car options with more than 300 miles per charge have quintupled in the US since 2021. It’s pushing the country’s average battery range to record highs.

I could go on and on but your mind is alrewady made up due to partisanship and politics.

@IsailedawayfromFR

Easy to refute any value contribution by EVs by simply looking at recent financials of GM and Ford.  Have dragged both companies down immensely.

[catfish1957]

Easy to refute any value contribution by EVs by simply looking at recent financials of GM and Ford.  Have dragged both companies down immensely.

Car dealers don't want to eat these EV's, and are getting marching orders to push them. 

Need to find inventory data, and really see which mode of vehicle is being prefered.

[Smokin Joe]

You do know the ag indsutry has been subsidized for the last 80 years as well as nearly all indsutries in the US. Where did ingtell get the money to build the new chip planr inOhio. The $52 billion dollar chip act.

Ev's are the future. batteries are the future. We are subsidizinf these co's because China, Vietnam, S Korera is heavily subsidizing eheir own ev industry and if we do not it will put us behind.

@Smokin Joe

All humans eat or die. EVs are optional in some locales, and a non-starter in others.

They are no more the 'future' than the flying car, because there is a lot of the world they just will not work in.

Why is it fair that all fund transportation for a few? It isn't. And that's the salient difference between Ag subsidies and EV subsidies.

[banddag]

Easy to refute any value contribution by EVs by simply looking at recent financials of GM and Ford.  Have dragged both companies down immensely.

It is a new product for them-GM and Ford. of course the up front cost are going to outstrip profits. New factories, new battery plants, new assembly lines, research and development cost, labor cost, . Tesla went through the same curve when it first started out. I believe Tesla  did not make  a profit for the first  8 years.

Cox automotive:
According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 EVs were sold in Q3 2024, a 5% increase from Q2.Oct 11, 2024


@IsailedawayfromFR

[jafo2010]

banddag...

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.

...attractive lease deals...    hmmm, having been in the automotive business, if manufacturers are offering attractive lease deals, it is for but one reason, they were not selling those vehicles.  And then there is the consideration that when these cars come off lease, the manufacturers gather these cars and ship them to a foreign country to be sold for near new car prices.  This is NOT something to sing praises about.  Remove the federal subsidy of taxpayers dollars to motivate folks to buy these vehicles, and their sales/leases go away completely!

8.9% market share after all the years the federal government has been subsidizing with taxpayer dollars is NOT impressive.  I doubt market share ever rises above 15% unless the cost of EVs is competitive with gas powered vehicles.  And since they are considerably more expensive, don't hold your breath!!!

[Bigun]

...attractive lease deals...    hmmm, having been in the automotive business, if manufacturers are offering attractive lease deals, it is for but one reason, they were not selling those vehicles.  And then there is the consideration that when these cars come off lease, the manufacturers gather these cars and ship them to a foreign country to be sold for near new car prices.  This is NOT something to sing praises about.  Remove the federal subsidy of taxpayers dollars to motivate folks to buy these vehicles, and their sales/leases go away completely!

8.9% market share after all the years the federal government has been subsidizing with taxpayer dollars is NOT impressive.  I doubt market share ever rises above 15% unless the cost of EVs is competitive with gas powered vehicles.  And since they are considerably more expensive, don't hold your breath!!!

Anything to get them off of dealers floorplans!

[Hoodat]

The chips act passed with bipartisan support.

As I said you do not live in the real world.

@Hoodat

The chips act passed with uniparty support.  As I said, you do not know your audience.  You do not understand human nature.  And you fail again and again to answer questions presented to you.

[jafo2010]

Also, certain manufacturers are waking to the fact that EVs are NOT the answer, and they are backing off the manufacture of said vehicles.

I see EVs going away in the next 10-20 years.  Some other technology will develop to displace them.

[Hoodat]

No doubt. But most here do not live in the real world of worldwide competition and other factors that make subsidies necessary
@Hoodat

@banddag

Show me a single example of where subsidies are necessary.

[Hoodat]

Also, certain manufacturers are waking to the fact that EVs are NOT the answer, and they are backing off the manufacture of said vehicles.

I see EVs going away in the next 10-20 years.  Some other technology will develop to displace them.

And the American taxpayer will have poured untold billions down the drain just to satisfy the emotional needs of a bunch of dumb-ass liberals like @banddag who have zero economic sense.

[the OlLine Rebel]

You do know the ag indsutry has been subsidized for the last 80 years as well as nearly all indsutries in the US. Where did ingtell get the money to build the new chip planr inOhio. The $52 billion dollar chip act.

Ev's are the future. batteries are the future. We are subsidizinf these co's because China, Vietnam, S Korera is heavily subsidizing eheir own ev industry and if we do not it will put us behind.

@Smokin Joe

They are the FORCED future.  Reality, being free to choose, customers won't buy and MFRs won't build.  That's a poor background to base "success" on.  Who cares if we are "behind" in a product no one sane or experienced wants?

There is much more to these "EVs" (in the car fancy, we used to simply call them, "electric CARS", e.g. Baker Electric - "vehicle" includes silly things like bikes and scooters) than we think both as customer and as MFR or supplier of support.  There are so many impracticalities.

There is always the POSSIBILITY something may work out - but no one should be forced to do so from any angle, based on fairy-tale dreams.

TECHNOLOGICAL PROGRESS CANNOT BE LEGISLATED.  You can't simply wave a wand and "tada" - this solar panel, this electric car, this wind turbine - magically solves all problems!

More than a century ago, people commonly said pessimistically "it'll never work".  Now, people are far too optimistic including politicos, who say "OF COURSE IT WILL WORK - TOMORROW!"

[the OlLine Rebel]

Also, certain manufacturers are waking to the fact that EVs are NOT the answer, and they are backing off the manufacture of said vehicles.

I see EVs going away in the next 10-20 years.  Some other technology will develop to displace them.

Do you remember self-driving cars?

Yes, 5 years ago they were coming everywhere!

Now, who talks about it?

[jafo2010]

Actually, self driving cars are being developed, and projected to hit the market next year.

If you look at cars that have been made over the past few years, they have more and more features that enable the car to drive without the driver performing different activities.  I just got a Lexus that has more features than my 2018 Nissan Rogue for self driving.  Tesla is indicating they believe their vehicle will be ready by next year.

[Hoodat]

Elon Musk's SpaceX, Tesla get more government funding than ...

qz.com
https://qz.com › elon-musks-spacex-and-tesla-get-far-m...
Apr 13, 2023 — Meanwhile, SpaceX sought and is still seeking $885 million in government funding to support broadband access in rural communities.

@Hoodat

@banddag

For the umpteenth time, I oppose government subsidies.  I oppose giving SpaceX $885 in government my funding to support broadband access in rural communities.  Why do you keep bringing this up as an arguing point?  Each time you do it, you reveal to everyone here what a complete fool you are.  Why not actually listen to what others are telling you instead of keeping your mind closed and painting a picture of us purely from your own emotional slant - a picture that is not based in facts.

Again, you cannot support your targeted support of subsidies by arguing that 'you support subsidies too' when we on this thread do not.  It is a false premise.  It is a premise that has been pointed out to you on several occasions to be false.  It is a rather pathetic argument.  And your insistence to continue offering it even though you know it to be false makes you a liar.

[Smokin Joe]

Anything to get them off of dealers floorplans!

Yep! Put something in there that will sell. Fewer than 1 in 1000 (0.1%) of vehicles registered in North Dakota are EVs. That should tell you how well they are suited to our uses.

[jafo2010]

Frankly, I am sick and tired of the federal government shelling out money for this and that, and largely paying off those loyal to whoever is in office.  Biden just distributed $28 billion in the last few weeks, paying off his buddies, some companies that did not exist one year ago receiving over $2 billion in federal funds.  How much of that money is earmarked to find its way back to the Biden Crime Family?  I'll bet hundreds of millions.

The entire Biden family should be indicted, convicted and publicly dispatched as traitors.

If Trump wins, and Musk is brought in to reduce government, I hope they cut the federal government by 60%!!!  Can be done easily!!!

[Hoodat]

Do you remember self-driving cars?

Yes, 5 years ago they were coming everywhere!

Now, who talks about it?

In the past, government has opposed self-driving cars.  But in the last three years or so, they have figured out that self-driving cars can be controlled.  They can easily be overridden from self-driving cars to government-driving (or not driving) cars.  So expect government subsidies in this endeavor as well.  Just as the new chips now used in EVs can easily be overridden by government hack.

Driven more than 500 miles in a week?  Car shuts down.  Heading to the polls to cast a vote for Trump on election day?  Car shuts down.  Except now, government can decide where your car goes.

[Hoodat]

Yep! Put something in there that will sell. Fewer than 1 in 1000 (0.1%) of vehicles registered in North Dakota are EVs. That should tell you how well they are suited to our uses.

But . . . but . . . but it makes a liberal feel good if he knows that North Dakotans are driving EVs just like people living in Ithaca.  They just don't give a damn about your feelings.

[banddag]

@banddag

Show me a single example of where subsidies are necessary.

The US ag industry. it is welll documented the benefits.

If there was a bumper crop year in say corn due to weather more planting etc, the price per bushel of corn plummets due to oversupply. The next year no one plants corn because it is too low per bushel to make  a profit whcih would then lead to a shortage because farmers would plant something else.

Subsidies in ag keeps food prices stable. w/o susidies one year milk would be 1.99 gallon and the next year 7.00 gallon. You would have wild swings in prices on a continual basis and food shortages. When corn per bushel is super low and farmers ca nnot make a profit the got pays them a subsidy to make up the difference.

It keeps smaller and mid range farmers in business.

Weather is another factor. Some years we have very poor crop yields due to droughts/too much rain. Many farmers would go under if not subsidized. It's usually feast or famine in the farming business. Our food supply is too important to  give you control over in your unicorn world.
This is taught in and accepted in every business class in the world.

BTW we  are subsidizing Israel every year to the tune of billions of dollars. Why is that subsidy necessary?
@Hoodat

[banddag]

  Who cares if we are "behind" in a product no one sane or experienced wants?

The entire world is going battery power electric. Look at every Stihl commercial. All battery [powered even the new zero turns. The world wants battery powered.  No more oil changes, gas going bad, carburators fouling up, no more pulling that stupid cord over and over again.

A friend owns 16 power equipment dealers in 7 states. 75% of all  yard tools sales are now battery
Have you seen the new Stihl commercial where the commercial lawn scapers are raving over the new battery powered blowers and weeders?

The point is every country in the world is subsidizing their own industry that we have to compete against. without subsidies our homegrown companies are at a disadvantange. The US steel indsutry was destroyed due to subsidized from countries like Japan, S. Korea. This is no longer 1776 where we did not have to worry about other countries 2500 miles away.
We are in a global economy and no country plays fair.

@the OlLine Rebel

[banddag]

@banddag

Show me a single example of where subsidies are necessary.

The Eu subsidizes Airbus. Airbus is for most part owned by the EU countries-a nationalized industry. Without the US giving Boeing subsidies, Boeing could not compete  with Airbus.

I know you do not like it but go tel the EU to stop giving subsidies to Airbus. 

https://www.lexingtoninstitute.org/wp-content/uploads/EuropeanSubsidiesBrochureFinal.pdf

@Hoodat