On Mon, 4 Dec 2023 16:58:20 -0000 (UTC), pothead <
pot...@snakebite.com> wrote:
>However, it is why many auto manufacturers are cutting back on EV and battery production.
>The lot's are chock full of unsold EV vehicles, except for Tesla who still is decreasing the prices
>and offering free charging incentives.
Yeah, that only happens in the EV industry. You know, sales fluctuating as the market
evolves. /s
Not long ago there were only half a dozen models available from as many manufacturers.
They were a novelty and folks were buy them up like hotcakes. Today, there are more than
500 models offered in 90 markets. They're still selling fast but there are now so many
choices there's a temporary market glut. QC dictates a slowdown on production and review
of processes to prevent slipshod work from getting out of the shop.
Rivian and Tesla are still doing well. Tesla has developed another new battery and upped
their operating voltage again (which reduces the amount of copper wire needed and cuts
build cost and vehicle weight) while non motor devices (lights, accessories, tunes, hvac,
etc.) are running at 48 volts which, again, is a weight and cost savings as well as better
for accessory operations.
Lucid is not doing as well. They got blindsided by the explosion in production and didn't
secure their supplies of battery materials as Tesla, Ford and others focused on.
The current price war is good for consumers as prices crater. Weaker manufacturers will
be shaken out, stronger ones will grow and ultimately merge.
The Chinese remain the number one producers and consumers of electrics.