Is China eating our EV lunch?
We are not the typical American car buyers. In 40 years, my wife and I have owned exactly five cars, two of which we still drive: one is 21 years old and just ticked over 100K miles, while the other is 10 years old and will soon hit 50K.
But who knows how much longer the 21 year-old Pontiac Vibe will last? When it dies, we’ll consider an EV or hybrid. There are certainly a lot of Teslas on the road, and there are other EVs that are cheaper than Teslas.
The future of EVs looks pretty bright. But apparently, the Chinese are leading the way. From a recent review:
“I spent a week in China for the Beijing Auto Show, the country’s biggest car industry event. As a guest of the Geely Group along with a few other international journalists, I drove more than a dozen vehicles, sat in many more, and had a lot of important conversations. The real story is far more nuanced than a simplistic “Us vs. Them”; a story of a China that has fraudulently over-invested in electric cars and is desperately seeking a space to dump their inferior products.
“That narrative is false. Western automakers are cooked. And a lot of this is probably their damn fault.”
Read the whole thing.
Is China eating our EV lunch?
But who knows how much longer the 21 year-old Pontiac Vibe will last? When it dies, we’ll consider an EV or hybrid. There are certainly a lot of Teslas on the road, and there are other EVs that are cheaper than Teslas.
The future of EVs looks pretty bright. But apparently, the Chinese are leading the way. From a recent review:
“I spent a week in China for the Beijing Auto Show, the country’s biggest car industry event. As a guest of the Geely Group along with a few other international journalists, I drove more than a dozen vehicles, sat in many more, and had a lot of important conversations. The real story is far more nuanced than a simplistic “Us vs. Them”; a story of a China that has fraudulently over-invested in electric cars and is desperately seeking a space to dump their inferior products.
“That narrative is false. Western automakers are cooked. And a lot of this is probably their damn fault.”
Read the whole thing.
Is China eating our EV lunch?
If the EV Market Has Slowed, Nobody Bothered to Tell Ford
Western automakers will be just fine as long as the preferred American response to Chinese competition is to outlaw it.
So much for free trade, eh?
Everyone who wanted an EV already has one. If you want another one they are selling cheap. Hertz is giving away 30,000 EV’s, parked once never driven.
Hi Jack/George:
When I do not recognize someone, I scan the comments to see if they have been here before. If you have, then I relax.
Is the Hertz inventory for real? Are they advertising a sale of them. Can you give me some detail or an article to use?
I am curious now that you said it. Thank yo for yor comment.
@Jack,
LOL! Hertz isn’t “giving away” their Teslas. They’re selling a third of them on the same used car market they’ve maintained for years. And Teslas still seem to be selling, which means the EV market in the US isn’t saturated.
https://abc7.com/hertz-electric-vehicles-ev-fleet-to-sell-evs/14314533/#:~:text=to%20cut%20back.-,Hertz%2C%20which%20has%20made%20a%20big%20push%20into%20electric%20vehicles,purchase%20more%20gasoline%2Dpowered%20vehicles.
@Jack,
You posted “Everyone who wanted an EV already has one.”
https://www.statista.com/outlook/mmo/electric-vehicles/united-states
I went to the Hertz website. the units for sale all have over 20K miles.
Arne:
Used it is. I do not know whether that would be the same wear and tear on an EV though.
Less moving parts, less to wear and tear
EVs biggest problem is an illiterate population
The article about the Beijing car show is very informative. One of the takeaways is that Tesla didn’t even have a booth at the show.
Biden is now proposing a 100% tariff on Chinese EV’s. Sherrod Brown, a Democrat senator from Ohio, wants to completely ban them.
Ohio Senator Sherrod Brown concerned about electric vehicles coming from China (wkbn.com)
It will get interesting when Chinese EV companies start producing cars in Mexico. Under the current Inflation Reduction rules, cars from North America are eligible for up to a $7500 tax credit.
For more detail on the Beijing car show:
From CATL’s ultra-fast battery to Zeekr’s ‘living room’ on wheels, Auto China show offers a glimpse of the future of electric vehicles | South China Morning Post (scmp.com)