I am seeing a lot of negative articles on EV’s lately. They are using the slowdown in EV sales as a result of people abandoning EV’s. Yet I believe the slowdown is from high interest rates, inflation on everything, and people don’t have as much money right now because of inflation.
I just seen an article saying the true cost of running an EV is the equivalent of $17.33 a gallon, based on infrastructure, charging equipment, subsidies, etc. This kind of talk makes me sick, feels like some are pushing against EV’s in a big way, twisting the truth.
Coming from true EV owners what do you all think of this?
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Data suggests otherwise. While this article doesn’t have data for EV sales in 2023, EV sales have been increasing at an exponential rate since 2019 through 2022. As interest rates increase and gas prices decrease, I would expect a slight decrease in EV sales but also in ICE vehicles.
This page shows sales volumes by month. Tesla has been variable of 2023 starting off with 55,992 sales in Jan 23 and 51,666 in Sep 23. A 7.7% drop over the year. Not a huge decline. Their manufacturing has increased 36% from Q3 2022 to Q3 2023. Not good for them, but good for buyers. In comparison, Tesla’s manufacturing in Q1 2021 was 66,000. A 135% increase!
https://www.goodcarbadcar.net/2023-us-auto-sales-figures-by-manufacturer/Prime lending rate has increased from 7.5% to 8.5% in 2023. A 13.3% increase.
https://www.fedprimerate.com/prime\_rate\_history-monthly.htm
Average gas price in Jan 23 was about $3.17 and now is about $3.21. A negligible change.
https://www.gasbuddy.com/chartsBig oil is scared.
More propaganda by big oil and GOP affiliates
I just saw an article today with a title along the lines of “hybrids are heating up while EV’s are cooling off”. When I read the article, it stated that hybrid sales increased 48% YoY while the increase in electric vehicle sales was “only” 49%… truly pathetic journalism.
I think you just wrote another one.
Lately? It’s been nonstop for years
Vested interests marketing their way out of responsibility for an apocalypse. Just disgusting.
Only ev’s built on ice platforms have inventory buildup…
Oddly, there basically reverting to pre-pandemic days on lot.
The oil
bribeslobby is strongThat article makes a huge assumption-tion within the first paragraph if I recall. It claims that the price of a gallon of gas is a reflection of the entire infrastructure needed to get that gas into your tank. But that’s a blatant lie. The price is reflective of tax subsidies and government policies that significantly reduce the cost of that infrastructure. If they want to be realistic, they should back out all those subsidies (which will easily eclipse the EV subsidies the bozo is complaining about) not to mention the value of public land that was given up to allow oil drilling. The oil companies should be paying every citizen of every country in which they were provided free/reduced cost access to a common good so they could capture the value of oil for their shareholders.
The only comment I agree with is that EVs should pay a fair rate for highway maintenance, but if you want to use weight as the judge, then every car should be taxed by weight driven per mile. By that measure, those big ass trucks Americans love so much will generate far more in taxes than EV’s will.
I agree with you, but those big ass trucks already pay a ton in gas tax cuz they only get like 10 mpg
I think every state should require annual safety checks like Hawaii. It would be easy to set up a mileage based registration fee this way. Another benefit of course would be safer cars on the road, as well as red flagging all those deleted diesels rolling coal on us. Of course there will always be “that shop” that will take a bribe to get you certified, but that would just add to the cost of ownership for those rigs, especially if you got caught, haha.
Texas did have that but I think they are going away lol
All you need to know about the “study” is that it was written by a pro-fossil fuel “think tank.” It’s basically like the cigarette companies telling you cigarettes don’t cause cancer, and nicotine isn’t addictive.
Scrolling to the bottom and looking up the author should be the first lesson in Digital Literacy 101.
On the weight point, is worth pointing out that road damage scales to the fourth power with weight difference. So a car that’s double the weight of another will do 16x more damage. I like the idea of penalizing for weight, but if you’re looking at an ice equivalent to an EV offering, this hypothetical fee would be substantially higher for the EV. Americans love big ass EV trucks also, to be fair
I see it as a healthy discussion, looking at all sides.
First of all, there is no slowdown in EV sales. EV sales are hitting records every quarter.
I follow the news quite closely in Europe: In May, newspapers in Switzerland reported a “slowdown in EV demand”. The actual Q6 sales numbers that came out a month later showed a record growth. The same news outlet then reported that this is “surprising”.
Demand trend forecasting is almost impossible. Newspapers only do it because they know that nohody will hold them accountable for being wrong.
Exactly, it’s just that capacity has increased faster than demand, not slowing demand
Yeah, the push to make EVs seem like the villains is big money for sensationalist news.
I love my Ioniq. Best thing I ever bought.
It’s absolutely interest rates. Just bought an EV and we decided to just buy it outright as APR is now above our bank’s APY. It no longer makes sense to delay paying it off…and a lot of people don’t have that option too…I imagine them looking at the high APRs right now and just deciding to sit things out until financing specials pop up direct from the manufacturer. Those are not always there…so demand is pretty much kept at bay.
I also suspect the cause of the slowdown is partially related to the impeding implementation of NACS by many OEMs.
I certainly would wait…
This is part of the reason I will wait until 2025. The other reason is that I no longer want a Tesla.
This is exactly why I bought a cheap leaf this year and not a 40k plus new ev. EV’s are evolving like smart phones were. Now the new model phones are basically just fancier cameras than the last gen. EV’s are a ways from this point but will get there, until a drastic change in battery tech comes along.
95% of consumers don’t know anything about this, and 75% of those who do couldn’t give two shits about what plug their car has