Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3, as Tesla Share of EV Segment Tumbles to 50% - Cox Automotive Inc. (coxautoinc.com)

EVs are selling of course, the issue is mfgrs are pushing them out faster than the market wants them.

Total EV sales in Q3, according to an estimate from Kelley Blue Book, hit 313,086, a 49.8% increase from the same period one year ago and an increase from the 298,039 sold in Q2. Most automakers posted sizeable gains over 2022, with Volvo, Nissan, Mercedes and Hyundai delivering increases above 200%, thanks mostly to new products entering the market.

Exactly. EVs piling up on lots is used as an example of low demand, but clearly if sales are increasing, it means EV demand is increasing. 

*Especially* when you factor in that for many of these buyers, it is their first EV, as anyone buying an EV in the last 4 years probably isn't replacing it yet, and it's likely that most of those who bought in the last 4 years were also buying their first EV. 

Did automakers overbuild for the demand? Yeah, looks like. But that doesn't mean the demand for EVs isn't real or is declining. 

It'd be more likely that Tesla would buy Ford and run it into the ground. He's already done that with $44B buying Twitter X and all he seems to be accomplishing is lighting money on fire.

A, I don't think he bought Twitter for monetary reasons, and B, you can't run something into the ground that was already there.  Twitter was massively unprofitable and ridiculously overvalued, with no forecasted trend by any reasonable assessment that it was going to change.  It's still not profitable, but it is on a path where it may be, one day.  

We've run the numbers on this thread before, EVs don't make financial sense in general.  If you don't drive much, they don't, if you drive long distances they don't, if you need a second car to get to work, they still don't.  Maybe in California they might if you charge at home with %7500 guvmint money.

You can find a Bolt now in the twenties, so maybe it costs you $22,000, and maybe that works for a second car.

I was expaining to my wife about plugin hybrids vs regular hybrids and she was inclined for the plugin, though we drive only about 6,000 miles a year, some long distance.

I removed the headline as it's misleading. The article explains it well, if you read it.

Yeah, no.

and if the oil companies get really upset by 2035, they could drop gasoline prices to $1.99/gallon or lower

Causing more subsidies for ethanol or pushing corn out of the market