“Demand for EVs is softening”
So
says legacy automakers,
and therefore the media says it too.
...But
here's the truth...
(see the red correction I added)
The truth
is, Ford's and GM's and the other legacy car maker's EVs aren't selling
so well. But they can't come out and admit, "Our EVs aren't selling
so well, so we're scaling back production until we can make better, more
compelling cars. Plus, now is not the best time for us to be putting forth
capital expenditures to build purpose-built factories to make EVs so we
can make them profitably, and this is partly because of the increased
labor costs we will be incurring due to the deal we had to make with the
union so the strike could be stopped, and also remember that we lose money
on every EV we currently sell because we haven't ramped up production
to where the cost of making EVs can come down, so we'd really rather not
sell any at this time."
So instead they created the narrative, "EV sales are declining, so
we're cutting back on our EV production" implying that all
EV sales are declining. And the media who get lots of money from Ford,
GM, VW, BMW, etc for ads are happy to parrot their narrative. But EV sales
don't seem to be declining in other parts of the world (where lots of
Teslas are sold), so why should they be declining in the U.S.? And they're
not declining for Tesla in the U.S. So I guess they ARE
really declining for Ford, GM, and the other OEMs because as the word
gets out that a Tesla EV offers a greater value proposition (more bang
for the buck and a better car), the sales of those other EVs go down as
Tesla sales increase. And this is happening worldwide.
This chart shows the profit-per-vehicle for Ford, GM, and Tesla (and for Ford and GM it's for all the cars they make, not just EVs, but Tesla only makes EVs). Notice how well Tesla is doing compared to Ford and GM?
And
EV demand itself? Have a look!
And all car sales always dip at the very end of and beginning of the year.
But
the media continues to lie...
Notice, on the bottom it says that Ford, GM, and Tesla all say that EV demand is slowing. But Tesla has never said this. Hmmm. I guess the media does lie.
No
Ford, consumers are moving to your electric vehicles slower
than you expected,
but EV sales are up for Tesla. But Ford can't tell the whole truth either.
But Bloomberg got this one right...
And
someone forgot to tell the folks
in Norway that EV demand is softening.
Norway, where almost all new car sales are EVs.
And guess which EV is bought the most?
And
Germany, the biggest EV market in Europe,
its EV sales are up 20% over this time last year, with...
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