Electric Vehicle Market Heading for a Cliff: Here's Why

[rangerrebew]

Electric Vehicle Market Heading for a Cliff: Here's Why

The electric vehicle market faces a potential crisis as tax credits worth $7,500 could disappear under the incoming administration. Learn how automakers like Tesla and Toyota are preparing for dramatic shifts in pricing and what it means for your next car purchase.

https://www.msn.com/en-us/money/other/electric-vehicle-market-heading-for-a-cliff-here-s-why/vi-AA1xFHIz?ocid=widgetonlockscreen&cvid=054f8dbf8e1f4405b8ca218a5cc38cc9&ei=94

[Timber Rattler]

Not only that but Biden's subsidies are suddenly going away.  That was the only thing keeping the EV companies alive, with the exception perhaps of Tesla.

[Smokin Joe]

Not only that but Biden's subsidies are suddenly going away.  That was the only thing keeping the EV companies alive, with the exception perhaps of Tesla.

Well, the mandates may be going, too. The combination of stick and carrot would be off the wagon, and true competition for a spot in the marketplace would begin.

[IsailedawayfromFR]

Not only that but Biden's subsidies are suddenly going away.  That was the only thing keeping the EV companies alive, with the exception perhaps of Tesla.

Not really the only thing, there was also mandates.

Automakers were making EVs to satisfy the requirements Biden imposed to purchase EVs for federal agencies.

The federal government was feverishly buying tens of thousands of vehicles across federal agencies as the push was on to be 100% electric by 2032.  This included 66,000 new EV postal vehicles by 2028.

Federal mandates are a thing of the past; however, wackos from places like California will continue to keep some EV production alive, albeit at low amounts.

[roamer_1]

Not really the only thing, there was also mandates.
[...]

Federal mandates are a thing of the past; however, wackos from places like California will continue to keep some EV production alive, albeit at low amounts.

Well sorta. Until the next generation of Democrat control. These whipsaw events every 4 to 8 years may do more to unhinge the economy as anything else... The cure being as unsettling as the poison... And the industrial hop-to is an unhealthy bow to regulation that past industries would have fought. Just as much, and just as meaningful of a danger.

[DefiantMassRINO]

Electric vehicle mandates and subsidies are inflationary.

[Smokin Joe]

Electric vehicle mandates and subsidies are inflationary.

Yes, they are. My 20th century (5.7 vortec, gasoline, 4WD) Suburban is worth more than ever, and more than I paid for it (not compensating for inflation).