EV developments

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begreen said:
The article is American mfg. centric. Hyundai Motor Group is doing well with EV sales here too.
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Google AI sales numbers
  • United States
    Hyundai sold 61,000 EVs in the US in Q3 2024, a 19% decrease from the same period in 2023. This is due to a decline in EV demand across the industry, and consumers shifting to more affordable hybrid vehicles.
  • Global
    Hyundai sold 201,849 electrified models globally in Q3 2024, which is a 19.5% increase from the same period in 2023. This includes hybrids, plug-in hybrids, battery electric vehicles (EVs), and fuel cell electric vehicles.
  • North America
    Hyundai sold 300,319 units in North America in Q3 2024, which is a 9.3% increase from the same period in 2023. The popularity of the new SANTA FE and the TUCSON SUV contributed to this increase.
 
61,000 EVs in a quarter is still good. The EV9 sales are ramping up and it's selling well. So will the Ioniq7 I think. The lower priced EV3 coming out early 2025 looks like it could be a strong seller. The point was that they are making money, not complaining about losses.
 
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begreen said:
61,000 EVs in a quarter is still good. The EV9 sales are ramping up and it's selling well. So will the Ioniq7 I think. The lower priced EV3 coming out early 2025 looks like it could be a strong seller. The point was that they are making money, not complaining about losses.
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But almost 20% decrease YoY. That’s not good. If they loose the the leasing tax credit I expect another 20% decline. Ev3 is worth watching.

I don’t think most consumers shopping for vehicles under 40k will chose an EV over a PHEV or regular hybrid without the tax credit. The Prius Prime starts at 33k. The Camry at 29k.

Why would they stop at cars. Why not get rid of the solar tax credit or the biomass heater credit (I doubt Musk even knows about that one) ?

My point is these incentives are needed to change spending behavior as long as there is some price parity between the old and the new choices.
 
EbS-P said:
But almost 20% decrease YoY. That’s not good. If they loose the the leasing tax credit I expect another 20% decline. Ev3 is worth watching.

I don’t think most consumers shopping for vehicles under 40k will chose an EV over a PHEV or regular hybrid without the tax credit. The Prius Prime starts at 33k. The Camry at 29k.

Why would they stop at cars. Why not get rid of the solar tax credit or the biomass heater credit (I doubt Musk even knows about that one) ?

My point is these incentives are needed to change spending behavior as long as there is some price parity between the old and the new choices.
Click to expand...
Agreed. I should have been more specific. The point was to correct the misstatement by Nelson in the CNN article.
"The end of the credit “will widen Tesla’s competitive moat by making competing EV models even more uneconomic, as we believe TSLA is the only profitable manufacturer of EVs,” wrote Garrett Nelson, analyst for CFRA Research, in a note to clients the day after the election."

HMG has started making cars in South Carolina, so this battle continues. However, if the new administration further upsets trade balances with egregious tariffs then all lose, most of all the consumer.
 
With tariffs Tesla looses the least. The number I saw was better 60-75% American made parts. I can’t find the actual number now.


Ford GM and Stellantis can’t like this. but what is sourced from China is probably available from SE Asia or Eastern Europe with the exception of batteries. I see that as the real issue. But as costs keep coming down we just won’t see that in America. Further slowing down green tech adoption.
 
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