Volkswagen cuts jobs as demand for EVs plunges
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Re: Volkswagen cuts jobs as demand for EVs plunges
#2Is there really any surprise no one wants to pay $45000 for a compact car? What is the profit margin on EVs that its cheaper to not sell cars versus making them affordable and within reach of more customers?
Edit: actually I can't tell if thats their cheapest car, VWs website sucks on mobile so I gave up. You'd think it'd be easy to just show the prices
Re: Volkswagen cuts jobs as demand for EVs plunges
#3Canada has given them an 11 figure subsidy to build EVs here... I wonder how that will play out if there is not the demand.
Re: Volkswagen cuts jobs as demand for EVs plunges
#4Key part of the article: "But orders from corporate clients — which account for around 70% of the IDs built at the plant — have been plummeting since a federal subsidy for battery-powered company vehicles expired this month, one of the people said."
Re: Volkswagen cuts jobs as demand for EVs plunges
#5Correction: ...as demand for non-Tesla EVs plunges.
Demand for Tesla EVs is... booming. Tesla sold 83% more cars in the most recent quarter than in the same quarter a year ago.[a]
[a] https://digitalassets.tesla.com/tesla-contents/image/upload/...
Re: Volkswagen cuts jobs as demand for EVs plunges
#6I wish there was a law to expose for all products the rate of profit, and the implicit and explicit subsidies. It's impossible to know how EV margins compare to e.g. a minivan or a golf classic ICE.
Re: Volkswagen cuts jobs as demand for EVs plunges
#7Is there really any surprise no one wants to pay $45000 for a compact car? What is the profit margin on EVs that its cheaper to not sell cars versus making them affordable and within reach of more customers? Edit: actually I can't tell if thats their cheapest car, VWs website sucks on mobile so I gave up. You'd think it'd be easy to just show the prices
Volkswagen got big (it's in the name) with building affordable cars like the Beetle and the Golf. Compact fuel efficient cars that a nurse or teacher could afford.
Re: Volkswagen cuts jobs as demand for EVs plunges
#8Is there really any surprise no one wants to pay $45000 for a compact car? What is the profit margin on EVs that its cheaper to not sell cars versus making them affordable and within reach of more customers? Edit: actually I can't tell if thats their cheapest car, VWs website sucks on mobile so I gave up. You'd think it'd be easy to just show the prices
VW's site sucks on desktop as well. Ultra-wide monitor and I have to use a hamburger menu to see the navigation bar.
Using the VW filters, the only electric that I see is the ID.4 SUV starting at $39k.
Edit: Just went to Honda and the cheapest electric options are a CR-V hybrid at $29.5k or the Accord Hybrid at $32k.
Re: Volkswagen cuts jobs as demand for EVs plunges
#9Its funny how the EU is now 'investigating subsidies' in China.
China has been building this sector for like 30 years.
While Europeans were so proud of their diesel vehicles and how clean they were and the Germany companies endlessly talking about hydrogen and green fuels. While Europe has basically no resource extraction related to batteries or much of any battery refinement for most of that period.
But now that this bears fruit for China the EU is like 'what what what, I though our brilliant hydrogen plan was gone work'.
Re: Volkswagen cuts jobs as demand for EVs plunges
#10I'm sure current interest rates have nothing to do with it :/