5/2/2024

ttps://www.msn.com/en-us/autos/news/ban-evs-15-compelling-reasons-why-electric-cars-should-be-banned-for-good/ss-BB1j4fa6?ocid=msedgdhp&pc=U531&cvid=d34c31abbb274cf4b5059a2716076dda&ei=66

4/29/2024

Is this true?

https://www.msn.com/en-us/money/news/the-ev-market-didn-t-only-burst-it-imploded/ss-AA1nOxRm

ttps://www.msn.com/en-us/money/news/the-ev-market-didn-t-only-burst-it-imploded/ss-AA1nOxRm

Trust – but verify. Only rich folks can afford these cars. Why isn’t this info readily available to the public?

Who would pay 29% to buy a car?

*****

The EV Market Didn’t Only Burst. It Imploded

Story by • 6h
IN THIS ARTICLE

The rollback of governmental incentives, which previously provided tax credits for EV purchasers, has resulted in a price differential of 5.5% between electric vehicles and their internal combustion counterparts. This price disparity, combined with the reduction in models qualifying for tax credits, poses a significant challenge to sustaining the rapid sales growth experienced in previous years.
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Mast Global Battery Recycling & Production ETF
EV
© Source: via NBC News
The once bullish forecasts for EV sales are encountering obstacles that are impeding the anticipated growth. While initial projections indicated a continuous surge in demand, the reality appears to be different. Reports from Germany and the U.S. highlight declining sales following the reduction or withdrawal of government subsidies, indicating that affordability plays a crucial role in consumer decision-making.

The electric vehicle (EV) market has been touted as the future of the automotive industry, with ambitious growth forecasts and government incentives driving the push towards widespread adoption.

However, recent indicators suggest a more challenging road ahead for the EV industry, with several factors contributing to potential headwinds in the market.

Mast Global Battery Recycling & Production ETF

The electric vehicle (EV) market has been touted as the future of the automotive industry, with ambitious growth forecasts and government incentives driving the push towards widespread adoption.

However, recent indicators suggest a more challenging road ahead for the EV industry, with several factors contributing to potential headwinds in the market.

Auto pros show their honest thoughts:

Paul Marlowe
2d
It appears there is a 6-8 year payback period with charger installation and higher cost of EVs versus ICE cars without considering the very high EV depreciation and raw material battery issues coming from China. Further, there is barttery disposal cost pollution issue that has not been resolved.

George Majesko
2d
The electric motor is great and so is the software. The battery sucks and until they come up with a lightweight, fast charge battery I am not in for an EV.

Charles Karabin
4h
If you drive long distances for even 10% of your miles, then you are a long distance driver. You have to have that access when you need it and if an EV is your only car, then you have problems.
Jimbo Babbit
5h

After about ten years of EV sales, there are only about 13 million worldwide and 3 million in the US, that’s only about 1% of the cars on the road, in the US and worldwide, that are EV’s, people just don’t want them.

Frankly Frank
2d
There are almost 1000 FREE Public EV Charging Stations in the US…That doesn’t include the tens of thousands of Hotels, Private Businesses and Other Locations that allow EV Owners to plug in their own charger for FREE…How many Free Gas Stations are there in the US?…

ray austin
1d
Hertz said they losing another 200 million on the EV experiment. Put a fork in it, D O N E.

Trust – but verify.

kommonsentsjane