EVs Aren't Selling and BMW Learns Transition Can't Just Be Dictated Through Government Edicts
Yesterday, I came across a very well-done video on the subject of BMW's experience in trying to seel EVs against a market growing ever more skeptical of them. We all know the problems of abysmal used car EV values, range issues, safety concerns and the like, but there are a host of other problems as well:
Yes, the EVs are piling up, the mandates are failing and something has to give. BMW competitor Porsche may have the only answer, based on this CarBuzz article:
Porsche has taken a bold decision that may see its electrification strategy regress in light of poor demand for EVs. While it won't see plans for electric models shelved, it could see models slated to go all-electric benefiting from new combustion-powered derivatives, hinting at a lifeline for models like the Macan and 718 sports car twins. The news comes from Porsche's recent Q3 business recap, in which Porsche noted that EV demand had reduced while "demand for vehicles with conventional and hybrid drivetrains increased."
So, now we have "derivatives” of EVs that are nothing more than internal combustion engine vehicles dressed up in EV garb. That appears to be the smart way to go. Call it an EV derivative, smile like a Cheshire cat and move on down the road in your new-old conventional vehicle. Rationalization is a beuatiful thing; is it not?
#Germany #BMW #Porsche #EVs #InternalCombustionEngines
The core Democrat voter, upper middle class and suburbanite, can charge their BEV at home. There may be some cost and range issues but they’re all manageable. OTOH, about a third of the population of the US lives in relatively dense urban areas and most park on the street. About 25% live in multi family dwellings. (These two groups overlap.) And these urban dwellers are disproportionately minority and less affluent, exactly the groups the Democrats claim to champion. For these groups mandatory BEV will be a disaster.
It's been a confusing year for tracking EV sales. Depending on which month you pick, and what previous period you compare with, EV sales were doing great, or they were dropping precipitately, depending on the analyst. But the bottom line is pretty well in - a saturation point has been reached, or nearly so.