EV Disaster 8-29-24

The Biden-Harris Administration set mandatory implementation of EVs and are responsible for this EV disaster. The two-thirds edict is 2032. US Consumers will ignore this mandate. The US market share of EVs will likely remain around 8% and decline from there. 

The Environmental Protection Agency (EPA) today finalized a new emissions rule for light-duty and medium-duty vehicles that would require up to two-thirds of new cars and trucks sold in the U.S. to be electric vehicles (EVs) in eight years. - Mar 20, 2024

Tesla laid off 10% of workforce due to lower sales and diminishing outlook. The US market share for EVs is 8% in 2024.

Ford losses are $5T in 2024 due to low EV sales. Ford's losses per EV topped a staggering $100,000 during the first quarter, which was reportedly more than double the loss per EV last year. One issue is simply the high costs -- including batteries, which remain one of the largest costs of EVs. -Jun 18, 2024

Ford delays new EV plant, cancels electric three-row SUV as it shifts strategy -Aug 21,2024.

General Motors cancels EV-only strategy, will make hybrids for U.S. market. General Motors is joining other automakers in prioritizing hybrid production as the car industry looks to balance stringent emissions requirements with slower-than-expected electric vehicle sales. -Feb 1, 2024

Honda will end EV Production in January 2024. -Dec 14, 2023

Automakers are scaling back or delaying their electric vehicle plans. Automakers from Ford Motor and General Motors Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans.

EV unsold inventory in the US is 3,166,209 units. -8-1-24

The average price of a new EV in May 2024 was $56,648, according to Kelley Blue Book, or about 15% lower than two years earlier, when the average price was $65,000. Unsold inventory is $1.90 billion.

EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans. -Mar 13 2024

Comments

The Biden-Harris administration has squandered $2 trillion with $7,500 bribes and $billions in retooling expenses. All auto manufacturers will be moving to hybrids and gas powered cars and trucks. The new plants under construction will stop. Over-the road, 18-wheel EV trucks are dead. We need to re-elect Trump to recover from this boondoggle.

As of April 2024, the average price for an electric school bus is around $352,000, which is about three and a half times the price of diesel buses, which cost less than $100,000 on average. Harris likes EV School Buses.

Norb Leahy, Dunwoody GA Tea Party Leader