Years ago I was saying that this EV thing could not last, and now there is another chink or two in the EV wall.
From Hot Air:
“General Motors had kind of a biggish announcement on 7/23/24. It is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand’s first EV.
The six-month delay in retooling the electric truck plant in Michigan, until mid-2026, also means GM will not achieve a prior target of having North American production capacity of 1 million EVs by 2025.
GM’s U.S. EV deliveries increased 40% during the second quarter compared with a year earlier to 21,930 units. Still, EVs made up only 3.2% of its total second-quarter U.S. sales.
It is also quite probable that they have one eye on November and don’t want to commit any more resources than necessary to something whose government underpinnings could be shortly kicked out from beneath it.”
First Ford, then GM, and now Porsche.
From the Daily Sceptic:
“Porsche has scrapped its sales targets for EVs amid a slump in demand. A previous goal of 80% by 2030 has been watered down and the company now says sales will depend on uptake and how the technology develops.”
So the EV ball keeps rolling downhill. Can the bottom be close at hand?
8/20/24