Electric Cars -- anyone own one?

[Rick300]

was thinking Rancho Seco, but it's been shut down since '89. I pass by it every time I shoot a match in Sac.

Were you around the area back then? Everyone called it Rancho Mistako. It wasn't very reliable.

 

[Mudeat]

Only half of all Ford dealers agree to sell EVs next year.

Only Half of All Ford Dealers Agree to Sell EVs Next Year | OilPrice.com

Ford said on Thursday that half of all 1,550 Ford dealers chose to sell electric vehicles in 2024—down from two-thirds that said this time last year that they would opt in to sell EVs for 2023.

oilprice.com

 

[Brians356]

(Bloomberg) -- The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don’t want to buy used electric vehicles, and that’s undermining the market for new ones, too.

... In the $1.2 trillion secondhand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins. Buyers are shunning them due to a lack of subsidies, a desire to wait for better technology and continued shortfalls in charging infrastructures.

... Some of the biggest buyers of new cars, including rental firms, are cutting back on EV adoption because they’re losing money on resales ...

... “There isn’t used-car demand for EVs,” said Matt Harrison, Toyota Motor Corp.’s chief operating officer in Europe. “That’s really hurting the cost-of-ownership story.”

... China offers a cautionary tale. Lucrative subsidies turned the country into an EV giant, but also produced weed-infested graveyards of abandoned battery-powered vehicles. Any similar eyesores in Europe or the US may strengthen calls from conservative politicians to roll back aid for the industry, with key elections coming up in the US and Europe in 2024.

... Part of the problem is that the industry is handling secondhand EVs for the first time. While combustion-engine cars can be quickly valued via their age and mileage, there are no tests in widespread use that determine the quality of a battery, Weddigen von Knapp said. The battery represents around 30% of an EV’s value, a share that is expected to decline in the coming years, according to BloombergNEF.

... Ayvens, a fleet management company handling around 3.5 million vehicles, said the uncertainty around EV technology will convince more customers to lease rather than buy — accelerating a shift away from owning a car to driving it for a fee.
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[rwj]

(Bloomberg) -- The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don’t want to buy used electric vehicles, and that’s undermining the market for new ones, too.

... In the $1.2 trillion secondhand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins. Buyers are shunning them due to a lack of subsidies, a desire to wait for better technology and continued shortfalls in charging infrastructures.

... Some of the biggest buyers of new cars, including rental firms, are cutting back on EV adoption because they’re losing money on resales ...

... “There isn’t used-car demand for EVs,” said Matt Harrison, Toyota Motor Corp.’s chief operating officer in Europe. “That’s really hurting the cost-of-ownership story.”

... China offers a cautionary tale. Lucrative subsidies turned the country into an EV giant, but also produced weed-infested graveyards of abandoned battery-powered vehicles. Any similar eyesores in Europe or the US may strengthen calls from conservative politicians to roll back aid for the industry, with key elections coming up in the US and Europe in 2024.

... Part of the problem is that the industry is handling secondhand EVs for the first time. While combustion-engine cars can be quickly valued via their age and mileage, there are no tests in widespread use that determine the quality of a battery, Weddigen von Knapp said. The battery represents around 30% of an EV’s value, a share that is expected to decline in the coming years, according to BloombergNEF.

... Ayvens, a fleet management company handling around 3.5 million vehicles, said the uncertainty around EV technology will convince more customers to lease rather than buy — accelerating a shift away from owning a car to driving it for a fee.
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View attachment 1504977
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The market speaks in clear and easily understood terms!

 

[RegionRat]

The markets speak... but the media and politicians manipulate the language before you hear it, and lately the issue is honesty and hidden agendas. YMMV

Safe Travels and Merry Christmas

 

[NorCalMikie]

The markets speak... but the media and politicians manipulate the language before you hear it, and lately the issue is honesty and hidden agendas.

???? Say it isn't so. You Sir just burst my bubble.
Thinking for most folks, buying an electric car is like getting a killer deal on Circus tickets after the Circus has left town.

 

[rwj]

The markets speak... but the media and politicians manipulate the language before you hear it, and lately the issue is honesty and hidden agendas.

This being why it is important to have/develop critical thinking skills and use multiple data sources to form a position. Relying solely on those put forth by the media and politicians is foolish!

 

[Olde Man]

The chart data is from Germany. It is based off of the list price of the vehicle and does not take into account for any subsidizes. It shows a 10% difference in 2023 resale which is in itself is not a clear deal breaker but is much closer when you include the subsidizes. I am not supporting the EV's just indicating what at first looks so clear becomes a little muddy after a closer look.

 

[danny]

At work, we have bought used electric fork lift trucks when battery life has died. They go for what I believe is cheap, and I think because it has generally been cost prohibitive to replace the batteries. On our unit, you can plug it in and put a few lifts into it, use that up, then plug it in to put a few more lifts in.

Danny

 

[NorCalMikie]

This being why it is important to have/develop critical thinking skills and use multiple data sources to form a position. Relying solely on those put forth by the media and politicians is foolish!

Sounds like a LARGE % of voters today.

 

[NorCalMikie]

At work, we have bought used electric fork lift trucks when battery life has died. They go for what I believe is cheap, and I think because it has generally been cost prohibitive to replace the batteries. On our unit, you can plug it in and put a few lifts into it, use that up, then plug it in to put a few more lifts in.

Danny

Whatever gets you thru the day.

 

[danny]

Whatever gets you thru the day.

It seems to get them through the day, but it is my position to not buy someone's cast off, broken junk. I suppose if they ever bought something new, someone would probably have to "take a few licks at it" to hopefully get it broken in some fashion and make it seem like one of our tools.

Danny

 

[danny]

gggg

 

[GetReal]

Never. Ever.

 

[danny]

This being why it is important to have/develop critical thinking skills and use multiple data sources to form a position. Relying solely on those put forth by the media and politicians is foolish!

That is why Trump is an insurrectionist.

Danny

 

[NorCalMikie]

Watched a few folks in Chicago screaming about the ILLEGALS coming in and talking up space and the local black folks getting nothing? His last remark? We need Trump back in here!!
That's political so I didn't say it.

 

[Olde Man]

While we are discussing what we beleive and what are sources are read this with an open mind. We all watched this happen in real time and came away with differen't opinions.

‘Tons of Crazy’: The Inside Story of How Fox Fell for the ‘Big Lie’

A play-by-play from inside Fox reveals how the network poisoned politics — and lost $787.5 million.

www.politico.com

 

[Dgd6mm]

Politics suck and so do most of the networks!

 

[GotRDid]

 

[GotRDid]