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0 pointssergiosgc2y ago0 comments

A quick Google search, and you'd have learned that US BEV sales grew 68% in the last year. You'd have saved the embarrassment of writing a huge argument on faulty grounds.

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3cats-in-a-coat2y ago

I'm talking about last quarter. The growth is done. Everyone is halting EV production and has full lots of brand new EVs collecting dust. They can't sell them.

Tesla is best seller outside China, but they're hitting a ceiling of demand as well, and they can drop prices only so much before they're underwater.

And in China, guess what? Most EVs sold are small urban vehicles. Which I covered in my embarrassing huge argument on faulty grounds. Watch what happens next. Or if you catch up slowly, the final outcomes will be in 2024.

Zanni2y ago

Beginning January 1, 2024, the $7,500 EV tax credit can be taken at the point of sale, meaning you can use it as a downpayment or to lower your monthly payments. That's a huge incentive to delay purchasing until January, and, I think, one of the unacknowledged drivers of the 4th quarter "slow down."

https://www.nerdwallet.com/article/taxes/ev-tax-credit-elect...

MostlyStable2y ago

Have a source? This [0] Disagrees with you

[0] https://twitter.com/JesseJenkins/status/1724395067224236182

jjoonathan2y ago

"EV Demand (Growth) is Slowing" is like "Boat goes slower with 100mph headwind."

It's true but not because of the boat, it's because interest rates are up and the auto sector is notoriously interest rate sensitive. Not to mention it has a subprime crisis courtesy of the supply chain woes of 2021-2022.

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