this post was submitted on 26 Feb 2024
106 points (95.7% liked)

[Dormant] Electric Vehicles

3198 readers
1 users here now

We have moved to:

!electricvehicles@slrpnk.net

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion.
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling.
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 1 year ago
MODERATORS
Sunshine@lemmy.ca
Ceres@lemmy.world
106
No, electric vehicle sales aren’t dropping. Here’s what’s really going on (www.cnn.com)
submitted 9 months ago by MicroWave@lemmy.world to c/evs@lemmy.world
20 comments fedilink hide all child comments
 

Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, possibly taking a step back from GM’s earlier commitment to shifting straight to pure EVs.

And now the EPA is considering slowing down requirements for automakers to sell more electric vehicles, dialing back what had been aggressive plans to move away from gas powered cars and SUVs.

You’d be forgiven for thinking the American market for EVs is collapsing. But in the last quarter of 2023, EV sales were up 40% from the same quarter a year before, according to Cox Automotive. In fact, EV sales in the United States hit a record last year, topping 1 million for the first time.

Still there is a troubling gap between expectations and reality. Bloomberg New Energy Finance, for instance, had projected sales of 1.7 million plug-in vehicles in 2023, but only 1.46 million ultimately sold. (BNEF’s figures include plug-in hybrids, but the large majority are fully electric vehicles.) The trend line isn’t slanting upward as sharply as many had predicted so the industry is lowering future estimates.

Industry experts cite a number of reasons for this, including vehicle price, lack of charging capacity and confusing tax credit rules.

you are viewing a single comment's thread
view the rest of the comments
[–] Uranium3006@kbin.social 12 points 9 months ago (1 children)

The tax credit nonsense sucks, it should just be a simple subsidy such that the sticker price goes down. Also shift funds from directly subsidizing the cars and use it to put in chargers, offer loans for landlords to install them in rental's parking spaces and transit and protected bike lanes to reduce the need for cars in the first place

[–] Wooster@startrek.website 4 points 9 months ago

On paper, that’s a great idea.

In practice though, you can expect the dealers to markup the difference, so the consumer pays exactly the same.

At least with the tax credit, dealers still have to account for sticker shock.