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I use to want one of those Plaid Model S and I was even interested in the Cybertruck when first announced. Elon's lies and his fascist fuckery deleted Tesla from consideration for ever. I got a BMW i4 M50 instead.
Yes, China is competing on price but it is Elon's fuckery that has hurt Tesla the most.
I sold my Plaid and canceled my CT. Fuck Elon.
I'm doing my part 🫡
I wanted a Tesla, but couldn't bring myself to support Musk... so bought a BYD.
As A Guy hating Musk with all my heart, I have mixed feelings about these news. In one hand, I love seeing the rat loose leverage on important markets for tesla. On the other hand, the one they are loosing to, is fucking china, which I am hating only a little less.. EU manufactures needs to step up!
I wish. 😕
BMW and Volkswagen just lobbied the EU to delay the death of combustion engines, and… the EU went for it.
Meanwhile Chinese auto companies keep on improving their tech, so I can’t possibly see how this is any good. We are just getting even more behind on the EV competition.
Some more info:
It is not quite that bleak. They went from 100% EV for all new car sales in 2035, to 90% EVs and 10% being allowed as combustion engine cars.
That 10%'s emissions also has to be offset by EVs sold. And they are introducing a new M1E category for cars that needs to be Electric, European-built, and under 4.2 meters in length (Volkswagen Golf or smaller essentially). Each M1E car sold will count for 1.3 regular cars sold in terms of offset.
So essentially Europe is dangling a carrot to produce small, European-made EVs for the car manufacturers. And car manufacturers still need to produce 90% of their cars as EVs
It is not quite that bleak. They went from 100% EV for all new car sales in 2035, to 90% EVs and 10% being allowed as combustion engine cars.
It's not 10% of combustion engine cars being allowed. The entire car fleet produced after 2035 was supposed to carbon neutral but now the goal is 90% reduction. The estimates I've seen say that with the new rules 20% of cars will use combustion engine after 2035. The 100% CO2 reduction is no longer planned at all.
What this means in reality is that the industry can keep making combustion engine cars forever. There will not be any hard limit on the numbers of combustion engine cars sold, it will be still be up to the consumers. To compete with China on EVs European companies would have to invest a lot of money into it and they don't want to do it. This is basically their way of backing out of the competition. People will keep buying gasoline cars and the industry will say "what can we do? people don't want to buy electric cars. we missed the targets, sorry". When this happens they hope EU will move the targets again. This most likely means that the automotive industry in EU will die and people running it know it but just want to suck as much profits out of it as possible before it happens.
We'll see how it all ends. Right now best case scenario is that automakers in EU go bankrupt as fast as possible, Germany looses leadership position in EU and stops fucking things up for everyone.
This still seems fine... At that rate, electric will start to greatly outnumber ice cars. That has all kinds of knockon effects, for instance, selling fewer ice cars means their replacement parts will be less available, maintenance will get more expensive. Manufacturing these cars will also become more expensive because you'll lose some economy of scale benefits. So, ice cars get more expensive, while evs get cheaper. Meanwhile, petrol stations get significantly less business from petrol sales, it will become not economical for many stations to continue to maintain all their equipment. Some stations will close down.
The cars will get more expensive, the fuel harder to find, and I'm sure there are other things that will change as well. There will be enough incentives to make the remaining drivers switch over soon enough.
Those are the predictions I found:
Basically 17% ICE cars forever. This is pretty much the share EVs have in EU now and today EVs don't really struggle with replacement parts or charging infrastructure. ICE cars don't need as many stations so even if many closes they will be fine.
And I think this prediction is very optimistic. Once you leave the door open everyone will try to get their foot in the door. For example with total ban gas stations would be forced to adapt and roll out chargers but now they can also stall. I can already see it. Gas stations are perfect places to put charges but few of them do it. If they do it's often in the city, not along highways which is stupid and their chargers are the least reliable. I makes perfect sense: they want to cash in the incentives for building charges but don't want to actually help EV cars. With the new proposal we will see more of it. They got 90%, now they will try to get 80% or 70%. The entire industry will work to slow down the transition and make more money.
I think that’s a very strange prediction that looks like it basically assumes market share is only influenced by regulations. Gas stations losing 83% of their customers is a huge change with cascading effects, but this chart looks like it assumes combustion engines will just stay popular forever, only bounded by production limited by regulation…
Gas stations losing 83% of their customers is a huge change with cascading effect
That's just your guess. When ICE car displays low fuel warning you can still drive for about 60 km and in my experience you can easily reach 2-3 gas stations. Where I live there are 5 gas stations within 2 km radius. It's typical to have two gas stations on both sides of the highway. When it comes to car charges the GOAL is to have one every 50 km but it's still not there. When there is a charger it's only on one side of the road or even couple kilometers off the highway, in some town. Yet we still have about ~16% of electric cars on the roads. Even with 80% less gas stations ICE drivers would still be in a pretty good situation, similar to the situation of EV drivers now. On top of that gas stations double as service stations. People stop there to buy drinks, food, wipers fluid, pump their tiers or wash their car. I never saw w charging stations offer any of that. Gas stations make majority of their profits from their convenience stores and services. So it's really hard to say what effect losing 80% of cars will have. A lot of gas stations will close, some will transform into service stations with chargers and some will probably stay as they are.
Thanks for that perspective
It is not quite that bleak
yet... what's stopping them from going even lower in the next run?
Unfortunately they didn't limit the height so they'll probably just make more of the same hideous lumbering crap.
Isn't it "just" delayed untill 2035?
Personally I am betting on the Japanese. Toyota and Subaru are coming out with good electric vehicles imo. Nissan stepping up their game too and they always have had the leaf before electric cars were cool.
Honestly I have no clue why anyone is still buying a Tesla. Every other brand has their own electric cars now and every Tesla I’ve been in has felt like cheap plastic and the worse pleather seats. They sucked before Elon went full nazi but anyone who walks into a Tesla dealership today is a fool or a racist.
They're dirt cheap used now because everyone wants to get rid of them
Tesla’s stock is expected to rise again.
Tesla sales dive 75%, Tesla stock rises.
Tesla sales dive less rapidly, Tesla stock also rises.
Elon says the most inane shit he's uttered in 48 hours? Believe it or not: Tesla stock rises.
None of this shit makes sense anymore
Actually, it makes perfect sense if you believe the stock market is a huge grift.
proof stocks are about a certain category of peoples' feelings
And you can't even get them in the US
Can't beat em? Ban em!
I won't buy one of these in the near future, but anything that fucks up Musk's shit is great.
Ketamine’s a hell of a drug!
I hate Tesla 🤮