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Volkswagen cuts jobs as demand for EVs plunges

fortune.com

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Re: Volkswagen cuts jobs as demand for EVs plunges

#31

Post by mkoubaa »

bearjaws wrote: post #13
cs702 wrote: post #5

Correction: ...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.

I think the cybertruck will sell very well for consumer and fleet. Probably good for Tesla to have extra inventory of S, X, 3 Y so they can make enough trucks

Re: Volkswagen cuts jobs as demand for EVs plunges

#32

Post by holoduke »

AbrahamParangi wrote: post #24
panick21_ wrote: post #9

Its 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.

No market is open. Every country more or less handles the same principle. If there is a local threat things will get stricter for the foreigner.

Re: Volkswagen cuts jobs as demand for EVs plunges

#33

Post by tzs »

version_five wrote: post #3

Canada has given them an 11 figure subsidy to build EVs here... I wonder how that will play out if there is not the demand.

The article is talking about demand in Germany, which fell because a subsidy for corporate buyers expired leading to a large drop in German corporate EV purchases. 70% of the EVs from a particular VW plant in Germany went to corporate buyers, so they are making cuts at that plant.

It doesn't really have implications for other EV plants or other countries.

Re: Volkswagen cuts jobs as demand for EVs plunges

#34

Post by ekianjo »

GenerWork wrote: post #4

Key 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."

[flagged]

Re: Volkswagen cuts jobs as demand for EVs plunges

#36

Post by agumonkey »

cs702 wrote: post #5

Correction: ...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/...

What causes Tesla's demand to be so high ? price only ? or did VW EV effort failed ? I didn't read about it but it, but last year or so, IDn cars prototypes were reviewed favorably.

Re: Volkswagen cuts jobs as demand for EVs plunges

#37

Post by distances »

bluedino wrote: post #15
AniseAbyss wrote: post #7

Earlier 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

Also interestingly, in Europe teachers usually earn much more than nurses.

Re: Volkswagen cuts jobs as demand for EVs plunges

#38

Post by yieldcrv »

surfingdino wrote: post #30

EVs 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.

yeah everything non-Tesla is a complete non-starter for me until they actually use the harmonized charging network, so I guess the 2025 models?

Tesla models are a somewhat starter, too few options in look

and then the price

and its a weird quagmire, the people that can afford to live in dense high cost of livings cities are the exact target audience for EV’s but have the most perplexing and inconvenient charging arrangements, while suburban homeowners are like “I just slow charge everynight to an AC outlet in my garage, you’ll never notice the range, its not an issue bro” completely oblivious about the problem

then once the harmonized charging network takes off, its not even clear if the electric grid can handle it, which isnt my problem for sure, but funny to think about. solve this issue and the next one comes quickly

Re: Volkswagen cuts jobs as demand for EVs plunges

#39

Post by yumraj »

cs702 wrote: post #5

Correction: ...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/...

Tesla’s been dropping price, so they too must be seeing softening demand.

Re: Volkswagen cuts jobs as demand for EVs plunges

#40

Post by holoduke »

Who is buying a new car these days anyway? Maybe the older generation who are living in their cheap paid off homes. But i dont know anyone below 50 who ever bought a new car. 50k for a small refrigerator? Compared to a 10 year old bigger car for 15k with similar operating costs and no hassle.
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