EV sales have PLUMMETED in Europe - What about USA?

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Published 2024-06-21
#Tesla #EU #EV #china #tariff #modely #model3 #bz4x #id4 #ioniq5 #ev6

Sales have dropped drastically in Europe for EVs, especially in Germany. What's happening in the USA?

Sources:
www.reuters.com/business/autos-transportation/eu-e…
www.reuters.com/business/autos-transportation/bmw-…
carnewschina.com/2024/06/13/byd-profit-in-eu-is-10…
asia.nikkei.com/Business/Automobiles/Nissan-shuts-…
www.autonews.com/sales/april-us-ev-registrations-r…

00:00 - EV drop in Europe
03:35 - BMW backs out
04:31 - EU chinese EV tariffs
06:47 - Nissan in China
08:03 - USA ev market growth


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All Comments (21)
  • @Nemlv
    It was cool when you were the only one, now your 30-60 min charge also has a 30-60 min wait ahead of it. EVs don’t work in Europe density. You need home charging.
  • People really said “fck EVs”. They’re too expensive and pointless for long distance driving.
  • @iceman9678
    If you aren't interested in a used 5-year smart phone then chances are you won't be interested in a used 5-year old DEVAS. Disposable electric vehicle and software. Likely after 10 years the EV, like most software, will no longer be supported.
  • @dantebg100
    It's not surprising. Here in Europe battery cars are 2 times more expensive then USA and 4 times more expensive then china. The price is the most important thing
  • AS long as govt. subsidies and manufacturer discounts exist, ev's will continue to sell. Take those away a la Germany, demand tanks.
  • @PWCDN
    every car should be a 40-50 mile PHEV first before EV's even matter. EV's are just dumb at this point in time.
  • @pd-ou1tg
    I think the difference between the EU and USA, aside from subsidies (which have been phased out for older, popular EVs already), is that American households generally can and do buy multiple cars per household. Most European households usually have one car or one car per person, which is less than the average US household. If you only have one vehicle for your household (like is the case for the average European family), why would you make your one vehicle an EV unless you really believed in them? On the other hand, the US household can entertain the idea of leasing an EV for cheap commuting because they'll have their ICE cars to fall back on in the areas where EVs are weak. Just another factor why demand is different between these two peer markets.
  • @MusicAnimeNSX
    It’s not just EV. Most manufactures are experiencing lower sales due to high interest rate. Germany is literally in a depression right now.
  • @godtable
    I show many cars to the side of the road today, two of them were Teslas. The Temperature reached 40°C 104F, I guess they can't cool the battery fast enough, before they run out of juice. :)
  • @jlamm2223443
    People who want EVs generally think Climate change is real, and want the air to be clean in big cities. So yeah, they will buy EVs, and Chinese ones, even at double what they cost in China, when they are the best deal for an EV in Europe. After all, they don't live in China. Some of the doubling is fair. it costs money to ship the car, and it costs a lot of money to meet the more stringent safety requirements. And it costs money to set up infrastructure like dealerships. I believe Germany pulled away EV subsidies explaining the downturn there. Tesla's CEO put out a ton of right wing support for candidates that say climate change is a hoax, so Elon is insulting away his best market. EVs are getting cheaper to build and will become more and more cost competitive. People in places like Paris want to breathe in clean air and will pass laws requiring clean cars. Tarif protection won't work forever and it isn't "unfair" for China to subsidize an industry. The American Gov. has done it as well, all throughout its history, not just China. Rather than tariffs and complaining that China is "unfair", Europe and the U.S. should just copy China and help their car companies be competitive in the EV space. Legacy auto and oil will hate it, but it needs to be done.
  • @CrackerSmith
    I am NOT buying EVs until they design one that lasts 250k miles w.o. needing major repairs. Just like the peak of N/A ICE vehicles 5-10 years ago. Rather stick to those for the rest of my life! Oh and strip all the stupid tech out of them all. I just need power windows and door locks!
  • American are still not going to buy EV’s over Hybrids or ICE cars because they still take to long to charge and time is money so every time I go to a charging station and spend a hr. Charging I lost money even if the charge is for free.!!!
  • @spinnetti
    I don't like comparing sales by percent when the volumes are so low. If you sell 1 car, and now sell 2, "100%" still stinks. Need some kind of scale that includes volume to give a less misleading view on sales. BTW, you are incorrect on the "fire sale" on the BZ4X for employees. We weren't allowed to lease them at all until recently. Its ok, but certainly not "free" and Tacos are a better deal as the rates are based on residual value, so the Taco rules all. I have seen consumer (retail) lease deals on the BZ4X that were pretty amazing however.
  • @Love2Cruise
    The current EV incentives are very attractive. However, the charging network is still far behind to make an EV road trip, especially away from the Interstates, viable. I'm interested in getting an EV, and I have a road trip planned for the 4th of July week. Out of curiosity I looked up the charging locations en route. There were only a few, and couple of them will be right on the limit of the EV's 100% charge theoretical range. In the summer heat and AC running, if I'm in that EV I doubt I'll be able to make that trip.
  • @tadasnever
    Imo, this is great news for EV and ICE fans. ICE vehicles sales are down as well. That means vehicle prices are way too high. Let's wait for more competition from china to dominate the market and other manufacturers will need to follow their prices as well, to stay competitive. All cars prices will be affected by this (including ICE as well). Gotta love market correction.
  • @John-kx3ng
    Not practical and no range no Thankyou.
  • @faheemabbas3965
    The problem with EVs isn’t just range and infrastructure, but also that they aren’t just simply “electric” cars. They’re trying to fill them up with so much unnecessary technology and then upcharge for it. EVs are too expensive to “save the world”. Also, a car is basically supposed to represent freedom. You have to worry about that when owning an EV especially as a non-car person. …oh, and in addition to being worse for the environment, some EV companies rely on mineral mining that is… unethical .