mousepad wrote:Fun question:
Let's assume the first year you sell 1000 cars. The 2nd year you sale 500 cars. The 3rd year you sell 250 cars etc etc. With each year the sales are cut in half.
Wall Street Journal (Not Zerohedge)
July 17, 2023
Ford Cuts Price of F-150 Lightning Electric Truck by Up to $10,000Ford (F -5.94% at market close) slashed prices on its electric F-150 Lightning pickup truck by up to nearly 17% Monday, the latest sign that swelling inventories and fierce price competition are softening the market for the technology the auto industry is betting its future on.
Ford Motor said Monday that the reductions, which effectively dropped the Lightning’s starting price by almost $10,000 to $49,995, were the result of lower material costs and the company having more factory output
Lower material costs? More factory output? Well if your factory is suddenly making more trucks than the public wants, then yes I guess you could spin it that way. Truth is these EV makers are in a race for the bottom. This isn't the heady days of the 2000's where computer manufacturers were able to cut costs due to innovation (and a collapse in commodity prices used to build them) And lets not forget demand! Every company, school, government department and home on the planet wanted a computer.
Tell me, how many corporations have switched their fleets to EV? Forget small municipalities, they mean nothing, that's more of a virtue signal than a practical move. Is the US school bus fleets switching? How about fleets of police cars, there are lots of them? Now Google
"switched their fleet to ev" and you'll read a hundred articles about
Why should fleet operators switch to electric vehicles?
And you'll read some crap about how Amazon has a few trucks on the road in California lol. But the Tesla is a mature technology now, where are the corporate fleets of those?
Well there is Hertz, but lets face it, they buy cars people want to drive at the moment, cars that are trendy and ones that are economical. And what's a better way to test drive a tesla than to rent one for a few days. But Hertz experience was obviously not all roses.
Sep 27 2022Last year, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. More recently, the company added Model Y vehicles to the order.
Ok, FF to this year
February 8, 2023Feb 7 (Reuters) - Hertz Global Holdings Inc's (HTZ.O) rental fleet has less than half the number of Tesla (TSLA.O) cars it planned to order in 2022, its regulatory filing showed on Tuesday.
Hertz's fleet in the Americas peaked at 428,700 vehicles for the year ended Dec. 31, 2022, of which 11% were Tesla cars, the filing showed. The company had an additional 1,187 Teslas in its international fleet. That implies the company's fleet has 48,344 Tesla EVs, or less than half of the 100,000 electric cars the company decided to order from the automaker by the end of 2022.
mousepad wrote:Let's assume the first year you sell 1000 cars. The 2nd year you sale 500 cars.
Well surprise surprise, 11% at the peak last year and falling. Fleet sales are based on practicality, not impressing your neighbors, virtue-signalling, or dreaming of the future. There are millions of fleet cars on the roads of America and bugger all are EV. The Bean-counters have spoken and the public is finally waking up too. Peak EV.
https://www.wsj.com/articles/ford-cuts- ... 7-2cc21c6ahttps://www.wsj.com/market-data/quotes/F?mod=chicletsHertzhttps://electrek.co/2022/09/27/tesla-la ... e-quarter/https://www.reuters.com/business/autos- ... 023-02-07/