The EU will do what they did when the Japanese car industry was about to crush it, they'll slap tariffs on Chinese EV imports to protect Thier domestic industry until they're in a position to be competitive.
Volkswagen cuts jobs as demand for EVs plunges
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Re: Volkswagen cuts jobs as demand for EVs plunges
#22Correction: ...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/...
They just cut the price on the model x and s. They have thousands of model ys with discounts on their website as they are waiting to be sold at a dealership. That not even including all the huge promotions on the model 3. I wouldn't say Tesla isn't at least slowing down based on their nearly 3 month old earnings report.
And both model S and X have been completely discontinued in the UK due to the lack of interest. The only Tesla you can order here is a model 3, and it's got fierce competition from other brands.
Re: Volkswagen cuts jobs as demand for EVs plunges
#23Correction: ...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/...
Past performance does not indicate future results, right? VW sold 52% more cars in that quarter as well.
> Volkswagen's all-electric car sales increased even faster, reaching roughly 94,800 units in Q2 - nearly 52 percent more than a year ago. [1]
[1] https://insideevs.com/news/678768/volkswagen-electric-car-sa...
Re: Volkswagen cuts jobs as demand for EVs plunges
#24Its 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 thi…
All’s fair in economic war, it’s not like the Chinese market is remotely open to foreign competition.
Re: Volkswagen cuts jobs as demand for EVs plunges
#25I am not so sure this is a bad thing. Electric vehicles still seem to be part of the same pattern of planed obsolesce and profitable waste production. Looking at the production and expected lifetime sustainability seems little more then an image from the marketing campaign. Not a surprise but maybe something worth mentioning given the hype.
My daily driver is over a decade old and has only ever entered a tire shop.
It was the first generation of EV.
When should I plan it's obsolescence?
What is your experience with EV expiration that leads you to your conclusion? Please inform me in any form other than links to idle speculation by obviously biased parties like Motor Trend etc.
Re: Volkswagen cuts jobs as demand for EVs plunges
#26Earlier quoted context omitted.
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.
Your last sentence is interesting. Nurses make 2-3 times as much as (K-12) teachers in the USA
Nurses make more than teachers in the US an average but it is much less than 2x.
Re: Volkswagen cuts jobs as demand for EVs plunges
#27Correction: ...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/...
I don't think interest is plunging at all, the problem is the price is too damn high. Wages aren't increasing as much as the price for new cars has.
Re: Volkswagen cuts jobs as demand for EVs plunges
#28I'm sure current interest rates have nothing to do with it :/
That's a good point. Likely, rates have mostly peaked. There will potentially be downward pressure soon.
On top of that, many cars are hard to get. Low production, backlogged demand. This means fewer deals on finance and lease rates.
I remember 0% lease and finance rates, 15 years ago when the interest rate was this high, because car companies wanted to move product. But now they have no need, not with them unable to supply demand.
So my point is, I decided to keep my current car longer. Rates matter.
Re: Volkswagen cuts jobs as demand for EVs plunges
#29Demand for (VW) EVs plunges. It's important to note that their EVs have been universally panned with reviewers straight up recommending NOT to buy VW EVs due to all the software bugs
Re: Volkswagen cuts jobs as demand for EVs plunges
#30EVs are a hard sell. Range anxiety is not an issue, but the charging infrastructure is. The cost is also too high for the average buyer at this time.