#Evcars #EV #yahoofinance
Yahoo Finance autos reporter Pras Subramanian details a recent KPMG survey, which found that auto execs are less bullish on EV adoption compared to 2022.
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
My next car will definitely be EV. I don’t want to deal with dealerships who rip you off, expensive maintenance and oil cartels
@minyaksayur Very few people will keep an EV beyond the battery warranty. The warranty goes beyond the payments and that’s better than most engine and transmission warranties. If you don’t keep cars long enough to replace the engine and transmission you won’t keep an EV long enough to replace the battery. Also, you can still drive an EV with a degraded battery and just charge it more often. If anything goes wrong with your engine or transmission the range drops to zero until you fix it.
@Frank Coffey the cost of replacing an engine is not as much as replacing an EV battery, you practically need to buy a new EV every 8 years.
@minyaksayur You don’t have the replace it. Most 8 year old Tesla cars are still in use unless they where crashed. In time there will be 3rd party batteries to replace and upgrade EV batteries. In Europe that’s already happening with the Nissan Leaf and even adding thermal management and range.
@Frank Coffey the battery technology hasn’t changed in the past 20 years. if you commute that warranty expired even faster. my car reaches 100k miles in 5 years. I’m not opposing EVs but that charging price for replacing the battery is simply ridiculous.
@minyaksayur In that case you will want a car with LFP batteries, you can’t kill those things. Or wait for M3P batteries. They will be even better and have about the same range as todays NMC batteries. LFP and M3P also don’t catch fire and can be charged to 100% all the time without damage. By the way in 100k you will save at least $16,000 in gas, oil changes, and other stuff they talk you into.
By 2030 Tesla stock will have declined to $30 per share. Twitter will have attached itself like a leech drawing blood to Tesla. The companies will combine to form Twitter Cars featuring cars with a BlackBerry console for tweeting.
Right now, EVs are a rich man’s car.
Chevy Bolt has dropped in price again.
GM loses money on every Bolt sold.
@Binski and yet @djsmithe’s comment is about the consumer.
👆 – MY PRIVATE PHOTO HERE 💑💑l🍒
Most Wokies are Brokies
Is US government giving tax deductions for the purchase of Evs?
Just like for homes
Tesla is still 👑
Is not surprising and is stupid from the Biden administration
Been EV for a decade. It has been not shelling my money out to the oil companies.
can’t even make plastic parts or batteries without oil
Tesla stock has a long way down still
I can’t believe that there are people on MSM that have discussions like this if you actually understand the technical requirements. You’re not going to go ev without upgrading the grid and electric generation. Wind and Solar WILL NOT cut it. Morons.
For most people, it is more of an economical decision. If politicians get involved too much, it usually will not end up well.
Dumb ass news… what you expect during covid for 2 years + and unemployment 🤡
EV cars are no longer the cheap under $30K that Tesla has price for model 3 for only a brief moment in time…Average US consumer cannot afford $45-50K Ev…How is other countries doing to buy at such high price.
They’ll have to be subsidized. Materials cost are way too much in this new global economy. So it’s going to take a while.
Egypt, for example, does not need EVs. Saudi Arabia does not need EVs, but can afford it.
Is it worth it?
It is really dumb to think a car that is not even having a prototype, can rule or causing concern to the car industry. Apple at most collaborate with any other company and provide service to the company in software side. Companies who are NOT adopting EVs, probably planning for Bankruptcy by 2032 (Or reduce by 80%). They will get as much as possible with 7 KW battery hybrid car and get Feds credits (No difference wither 7KW hybrid Vs 100+ KW EV, credit is same). Fed and these companies with media are fooling taxpayers by giving taxpayers money to many gas cars in the name on GREEN cars. It is very simple; look at ICE car sales numbers for the last 4 years compared to any EV company. Tesla is planning to have 20% market share by 2030 and produce 20 million cars not they are 60+ percent and they are on track with the rate of growth they have now.
What exactly do the auto execs expect, with a recession on the horizon and EV prices along with interest rates going through the roof? Oh, and inventory sitting at ummm… ZERO at most dealerships? Well… duh huh, we never thought that combination would kill demand.