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03-21-2024, 12:51 PM | #7327 |
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Study Suggests Automakers Lose $6,000 On Each EV Sold
March 21st, 2024 A new study is claiming that automakers lose an average of $6,000 for every $50,000 electric vehicle they sell. Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Profitability is the other big issue, with Loh suggesting that something will need to change if the industry cannot figure out how to make the next generation of all-electric vehicles consistently profitable. EV intenders want 20-minute charging times, a 350-mile driving range and a price of $50,000, according to the group's report on the survey. Boston Consulting Group seems rather skeptical about the viability of all-electric vehicles, even if the industry continues being supported by tax dollars issued on behalf of the government via subsidies. Survey results suggested that EV fanatics were more interested in hybrids (especially PHEVs) than combustion vehicles and they likewise saw broader public appreciation than automobiles wholly reliant on electric motors. https://www.thetruthaboutcars.com/ca...-sold-44505820 Modern socialist math, lose $6,000 on each EV but make it up on volume |
03-21-2024, 02:23 PM | #7329 |
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Maine rejects sweeping electric vehicle mandate in blow to governor's climate agenda
March 21, 2024 The Maine Board of Environmental Protection (BEP) turned down the so-called Advanced Clean Cars program after receiving overwhelming opposition from stakeholders and citizens. The proposed program would have closely mirrored regulations approved in California, mandating that at least 51% of new car purchases in the state be electric by 2028 and 82% be electric by 2032. "The Maine Board of Environmental Protection received nearly 1,800 comments from the people of Maine and nearly 84% were not in favor of this EV mandate," Critics of aggressive EV requirements warned that the Maine power grid is currently unequipped to handle the significantly increased demand and load that would be generated by widespread EV adoption. They also argued that power outages, triggered by storms like the December windstorm, could render large swaths of an electrified transportation sector useless. According to the Alliance for Automotive Innovation, a group that represents major automakers, 5.8% of total car purchases in Maine last year were electric or plug-in hybrid. Democratic Maine Gov. Janet Mills, who has pursued an aggressive climate agenda since taking office, did not respond to a request for comment at press time. https://www.foxnews.com/politics/mai...climate-agenda |
03-21-2024, 02:44 PM | #7330 | |
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03-21-2024, 03:00 PM | #7331 |
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The elephant in the room is that most EV's are sold on leases so it's the lease company who is holding the paper on these used EV's. A lot of these leasing companies are owned by the manufacturers, directly or indirectly. Most reports are the glut in off lease EV and the lowering of prices from the manufacturer have made this a buyers market. I think your dealer is an outlier and I'll bet if you walked into the dealership you would get a hell of a deal, assuming you wanted a EV?
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03-21-2024, 03:13 PM | #7332 | |
As above, so it is below
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03-21-2024, 03:17 PM | #7333 |
As above, so it is below
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I'm sorry, but I just spat my beer out over the dogs head, laughing at this
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03-21-2024, 03:36 PM | #7334 | |
As above, so it is below
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03-21-2024, 04:26 PM | #7335 |
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Governor of Maine sensed the impending boot from office. EV mandate put on hold.
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03-21-2024, 04:27 PM | #7336 | |
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Also, it might be a case of the target market realizing that an EV pickup is as useless as tits on a boar. You can't do what you need to do with a truck for even the most casual buyer of a truck, and they REALLY eat the tires. Last edited by Weather Man; 03-21-2024 at 04:32 PM.. |
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03-22-2024, 09:38 AM | #7337 |
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Apparently, they don't want the ID4 !
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03-22-2024, 09:46 AM | #7338 | |
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03-22-2024, 09:57 AM | #7339 | |
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Didn't mean to double post. I didn't see this because I didn't see this.
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03-23-2024, 03:38 AM | #7340 |
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03-23-2024, 07:05 AM | #7341 |
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At least the circuit breakers work, sounds like popcorn!
https://www.instagram.com/tektite_jk/reel/C4rSJ6ntIC4/ |
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03-23-2024, 08:44 AM | #7342 |
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I'm speech less.
Tesla Launches Cybertruck-Inspired CyberHammer Behold, the CyberHammer. The electric automaker on Thursday said it will make 800 Cybertruck-inspired sledgehammers available through its referral program. Tesla said it would release the hammers in small batches, apparently so that customers with tons of credits don't snatch them all up in a day. |
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03-23-2024, 09:03 AM | #7343 | |
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03-23-2024, 10:10 AM | #7344 |
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03-23-2024, 10:10 AM | #7345 |
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As I remember it playing out, VW re-flashed the ECUs to remove the diesel out-of-test-mode code and resold the inventory over the next few years. A buddy of mine bought one, a diesel Golf with a manual transmission. There were great deals to be had, during 2017/2018 as I remember it. [Apparently, an aftermarket re-tune could be had too, to get the performance back]...
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A manual transmission can be set to "comfort", "sport", and "track" modes simply by the technique and speed at which you shift it; it doesn't need "modes", modes are for manumatics that try to behave like a real 3-pedal manual transmission. If you can money-shift it, it's a manual transmission. "Yeah, but NO ONE puts an automatic trans shift knob on a manual transmission."
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03-23-2024, 03:34 PM | #7346 |
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03-24-2024, 01:34 PM | #7347 |
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You Could Get A New Chevy Bolt For $8,000 In California
Mar 24, 2024 As EVLife recently reported, Californians who meet specific income, residency, and vehicle ownership requirements can take advantage of a mix of state and federal incentives to nab a new Bolt EV for as low as $8,000 or an EUV for as low as $9,300. Following the Inflation Reduction Act of 2022, Chevrolet vehicles once again became eligible for the federal EV tax credit of $7,500. Thanks to the rollout of point-of-sale discounts, this can make the process even easier for buyers since they no longer wait until the next tax season to receive their rebates. The combined power of these three programs allows some prospective buyers to drive home in a new Bolt EV at one-third of MSRP. https://insideevs.com/news/713571/ch...nt-california/ Watch out for the mad dash to the Chevrolet dealerships. |
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