Generally I will write a few subject, after which for weeks, even months, nothing within the information will occur. It’s going to lie dormant till I stumble throughout a nugget attention-grabbing sufficient to share with you all.
After which typically the nuggets pile on high of one another, which occurred this morning with one thing I simply wrote about yesterday — extra proof that demand for electrical automobiles is sluggish, it doesn’t matter what the federal government does to mandate their buy or sweeten the pot. There have been manufacturing or client subsidies for actual.
For a government-mandated, bet-the-firm positive factor, our all-electric automotive future is nothing however an ongoing litany of assured dangerous information. I, for one, am definitely fascinated by watching — and documenting — as the entire grifting inexperienced, ready-for-prime-time scheme falls aside in real-time.
…effectively, shoot. What occurred?
…it famous that it was contemplating Restructuring or doable closure of its Audi plant in Brussels, the place it employs 3,000 individuals; Audi is on the again of weak demand for the Q8 e-tron line — an all-electric providing from the model, launched in 2019
My submit talks concerning the points European and Chinese language producers are coping with particularly, however I’ve lined the U.S. recession extensively. With varied explosions of impartial EV producers, the US EV market could be liberally known as a “conformity” – their skyrocketing gross sales expectations, once more pushed by authorities mandates and subsidies, are on no account assembly client demand, and that throughout the board.
Nevertheless, are you able to inform it is an election yr?
Take a look at the information this morning.
The Vitality Division is giving $1.7 billion in grants to GM, Stellantis, Volvo Group and varied suppliers to assist the business’s EV transition. https://t.co/SzRNIdEWcJ
— Automotive Information (@automotive_news) July 11, 2024
A. It is simply cash. Though I consider the technical time period is a “Buttload“My commencement.
The federal authorities will grant $1.7 billion to automotive and auto elements factories in eight states to start out producing electrical autos and different clear power applied sciences, the Biden administration introduced Thursday.
Among the many 11 recipients shall be a Jeep manufacturing unit in Belvidere, Sick.; The model’s mum or dad firm, Stellantis, was shut down final yr. The cash will permit the plant to restart and produce electrical autosAbout 1,450 jobs have been restored, officers mentioned.
Different beneficiaries embody a Georgia manufacturing unit that plans to make Blue Chook electrical college buses, A Basic Motors manufacturing unit in Michigan which can shift manufacturing from gasoline to electrical autosand a Harley-Davidson manufacturing unit in Pennsylvania that can ramp up manufacturing of electrical bikes.
The funding helps handle fears that electrical autos will jeopardize jobs at factories that make gasoline-powered autos or inner combustion engine elements because the business shifts to EVs. Eligibility for cash, firms They needed to decide to retraining present workers.
I additionally consider this belongs in a subcategory known as “shopping for union votes with taxpayer {dollars}”. I may very well be incorrect, however I do not assume so.
The place is the manufacturing unit once more?
…a number of factories are positioned in Pennsylvania, Michigan or Georgia, States the place the narrowest margins will decide the end result of the presidential election. President Biden, in an announcement, sought to distinction his business insurance policies with these of former President Donald J. Trump.
That is proper, youngsters – it is all concerning the Inflation Discount Act, not the taxpayers’ cash.
Not nuthin’ however thang.
… Vitality Secretary Jennifer Granholm advised reporters The award was a “Traits of the Biden administration’s industrial technique“and can”Modernization of historic auto manufacturing amenities,” Reuters added.
POTATUS STRA-TEE-GERY
Let’s burn down closed factories for a product that does not actually appear to have a rising demand. Battery EV gross sales are stagnant – principally useless within the water, POTUS – up simply .5% from a yr in the past. It had massive producers sitting on massive portions for months with massive reductions to take away inventory overloads and scale back manufacturing strains, if not eradicate a few of them altogether.
What does any info say about almost two billion federal {dollars} extra in elements and manufacturing dumps?
Besides clearly to grease the skids on your occasion’s survival.
EV gross sales stagnate.
The nation is working out of gullible idiots to purchase them# Electric car #CostofNetZero The #climate scam https://t.co/QyrbgZatUG— donkiller (@keilerdon) July 10, 2024
BEV gross sales have been so dangerous that Korean battery makers who wager on the US EV increase are actually on the point of collapse (“because of disappointing EV gross sales”) and are blaming US automakers.
“The South Korean battery maker was “badly upset” by U.S. automakers, which it mentioned failed to provide EVs engaging sufficient to mass-market clients to satisfy its personal rosy gross sales projections.” https://t.co/LGPCKfsbyh
— Damien Ma (@Daminix) July 7, 2024
In actual fact, there was a wholesome layoff as extra persons are launched to EVs. A big part desires their outdated mode of transportation again.
46 p.c of present electrical car (EV) homeowners within the U.S. advised McKinsey & Co. that they’d probably change to an inner combustion engine (ICE) car. Throughout the agency’s 2024 Mobility Shopper International Survey.
worldwide, 29% of EV homeowners are contemplating switching From ICEThe survey outcomes present.
Thirty-five p.c of respondents mentioned an insufficient charging infrastructure was a purpose they wished to change. Different high solutions embody complete price of possession and An excessive amount of affect on long-distance journey.
It was additionally the highest concern for 21% of respondents worldwide who mentioned they’d by no means change to an EV. The quantity was unchanged from 2022 and decreased by 3% from 2021.
“An excessive amount of affect on long-distance journey” interprets to “they’re nonetheless an enormous ache within the ass to take wherever outdoors of your native space.” Once more, this downside ensures that EVs won’t take over the US market anytime throughout the subsequent few many years.
There isn’t a justification for what this shameless administration is doing. None aside from vote shopping for.
So far as EVs, I do not know – schmaybe decelerate and work out the bugs first? Folks choose hybrids extra. Why not encourage them extra, though they use horrible “gasoline”?
Nah…who am I speaking about right here?
throw my cash
If Trump is elected, you already know these factories will shut nearly instantly. I’m wondering if they really spool up, as a result of there is not sufficient time to do the paperwork, a lot much less retool earlier than November fifth.
In contrast to POTATUS and his fool power secretaries, who freely write checks with different individuals’s cash and don’t know of leaving something for a wet day, enterprise executives have to see how the wind is blowing earlier than they decide to spending a dime…beginning with cash. Even when it was free.
We won’t eliminate this pathetic bunch of grifters anytime quickly.
I simply hope there’s one thing left within the bones after we lastly boot them up.
