Fossil Fuels Remain The Future. VW To Invest 60 Billion Euros In Combustion Engines!

From the NoTricksZone

By P Gosselin

In a surprising move, Volkswagen announced it plans to invest 60 billion euros in the development of new combustion engines as confidence in electric mobility plummets in Germany and elsewhere.

Chat GPT AI generated image

Strategy adjustment

“This change in strategy shows that the transition to electromobility is progressing more slowly than expected,” reports Germany’s Blackout News here. “Just last year, Volkswagen assumed that electric cars would account for 80 percent of annual sales in Europe by the end of the decade. However, the lukewarm reception for its own ID models is forcing the company to adjust its strategy.” Also see (motor1: 07.06.24).

As German sales of electric vehicles fall way short of government targets due to their unpopularity and high costs, manufacturers are seeing the writing on the wall: Electric mobility still has a long way to go. 

Reality check

Originally, the Wolfsburg-Germany based VW planned to invest 180 billion euros only for the next generation of electric vehicles, but now it also plans to invest 60 billion euros for internal combustion engine development. 

“The future is electric, but the past is not over yet. It is a third and it will remain a third.” Arno Antlitz, Chief Financial Officer and Chief Operating Officer of the Volkswagen Group.

Electric mobility gets postponed 

The announcement underscores the importance of internal combustion engines in the future, despite declarations from the media and governments claiming they would disappear over the next 1 or 2 decades.

Volkswagen said in 2022 it would sell only electric cars by 2033. This obviously is not not longer the case.

Other luxury VW brands like Bugatti, Lamborghini and Bentley are also focusing on continuing the combustion engine, but steering towards synthetic, alternative fuels.

Blackout News also reports, “Ford no longer believes it will be all-electric in Europe by 2030. Aston Martin has also decided to build cars with combustion engines into the next decade.”

What’s behind the sudden swing back to combustion engines and the growing aversion to electric cars?

As the recent European election results starkly show, customers are tired of being told what to buy and what rules to follow. Germany’s Green Party lost nearly half its voter base in last Sunday’s EU election. Moreover, China’s ability to produce electric cars cheaply is being increasingly viewed as a threat.

“The electric offensive from China is worrying established car manufacturers,” comments Blackout News. “Car manufacturers must react flexibly and invest in both electric and conventional technologies. This is the only way they can meet market and regulatory requirements.”

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strativarius
June 15, 2024 2:41 am

Isn’t around this time of the week that ItsUsername informs us of how well things are going on planet electric?

It’s clear to all of us in the UK that the only way for manufacturers to meet EV quotas – and avoid fines – is to scale back ice production, accordingly. That’s one way of inflating the price of an ICE car up to EV cost levels and restricting supply. And another way of throwing people out of work (green jobs are redundancies).

In the race to the bottom the Germans lack the British stiff upper lip….

Yesterday I was amazed to see an EV with the charging cable running across the road to the other side – unprotected as vehicles went over it. What a virtuous soul (/sarc)

Reply to  strativarius
June 15, 2024 4:09 am

VW invests 120b in electric cars, so twice the amount. But beside that they mostly work hard to get their second Detroit when they’ll get overrun by chinese companies like BYD. You can bet they lobbied for the tariffs on chinese cars in an attempt to postpone the inevitable.

Reply to  MyUsername
June 15, 2024 4:17 am

And only a fool would buy an EV, because they only last a few years and have ZERO resale value.

Not even the most stupid person in the world would buy a 4-5 year old used EV…

… or would you. !

BYD will sell in China, and maybe some Asian countries, where they can just be thrown in junk yards after the battery dies or catches fire… but they will make very little headway in other countries.

Reply to  bnice2000
June 15, 2024 4:20 am

People said the same about japanese cars…we saw how that turned out.

Reply to  MyUsername
June 15, 2024 4:25 am

Poor analogy.

Reply to  Joseph Zorzin
June 15, 2024 4:30 am

Underestimating foreign product quality and the market…seems fitting. I say we’ll see the outcome in the next five to ten years. Maybe earlier.

strativarius
Reply to  MyUsername
June 15, 2024 4:35 am

Do you remember Datsun, for example? I somehow doubt it.

Japan had its moment and then when the bubble burst they joined everybody else:

eg Renault – Nissan

Janice Moore
Reply to  MyUsername
June 15, 2024 10:47 am

Wrong.

1) Quality is not the issue. A very good quality plastic straw is never going to be a good house plumbing pipe.

2) Market share, with a tiny % of an exception, is only there due to non-data based government fiat. Market share by government regulation is not a true “market.”

Reply to  MyUsername
June 15, 2024 2:44 pm

The outcome in 5-10 years..

You mean when the current EVs are no longer usable??

What will happen to them?

Where will they go?

What happens to the batteries.?

At least with an ICE car you can basically recycle all of it.

I see an epic environmental disaster on the horizon…

… particularly when combined with the huge piles of unrecyclable crap from defunct wind turbines and solar panels.

guidvce4
Reply to  Joseph Zorzin
June 15, 2024 6:33 am

You are being too kind to MyUsername. Japanese cars provided cheap transportation and fun to drive factor. Not so for EVs.

Scissor
Reply to  MyUsername
June 15, 2024 5:57 am

There’s a tendency for competition to drive quality improvements. Government intervention too often distorts the marketplace with unintended consequences.

To one of bnice’s points, one can go out on the roads and in a short time easily find highly reliable ICE vehicles that are 15, 20 or even 30 years old that are still being used as commuter/family cars, providing real affordable transportation options for every day folks.

Battery technology will continue to improve but fundamental chemistry and material problems are challenging.

John XB
Reply to  Scissor
June 15, 2024 8:14 am

Battery technology is 150 years old, it is unlikely that there is any improvement left to be made. Perhaps their spontaneous combustion or readiness to combust with the least provocation is an indication improvement has gone as far as possible or wise.

MarkW
Reply to  John XB
June 15, 2024 10:24 am

There are always improvements to be made. However, over time the improvements get smaller and more costly. After 150 years, all the easy improvements were made a long, long time ago.

Reply to  Scissor
June 15, 2024 11:45 pm

 in a short time easily find highly reliable ICE vehicles that are 15, 20…”

Last car was a 2003 Commodore V8, computer died unfortunately. 🙁

Now have a 2006 Mitsubishi 380.. Runs beautifully

Mr.
Reply to  MyUsername
June 15, 2024 7:18 am

Toyoda san recently explained the 65-year success of Toyota –

“we just make what people want”.

Trying to Play Nice
Reply to  Mr.
June 15, 2024 8:08 am

They make old tech vehicles and have very good PR and marketing. Cheap vehicles that don’t break because the technology is understood are very appealing to a large segment of the population.

Janice Moore
Reply to  Trying to Play Nice
June 15, 2024 10:42 am

“They make old viable tech vehicles… .”

John XB
Reply to  MyUsername
June 15, 2024 8:08 am

That is not a good comparison.

For a start they used the same technology. UK: 1960s/70s Japanese cars were cheap, basic, but reliable and good mpg. They were successful because someone could buy a new car for the price of a second-hand British/European car.

The market was those who aspired to a new car but couldn’t previously afford one.

They had distinct advantages other than purchase price, particularly low running costs, low insurance costs, which compensated for the fact they were rust buckets.

Over time they improved their styling, increased their spec and started to move up market and became more expensive.

BEVs have no such advantages and benefits for motorists.

Edward Katz
Reply to  MyUsername
June 15, 2024 2:19 pm

Except the Japanese were selling ICEVs, not trying to peddle a technology with no positive track record.

Reply to  MyUsername
June 15, 2024 2:39 pm

Japanese cars were a good quality version at a cheap price.

Usable and WHAT PEOPLE WANTED.

Reply to  MyUsername
June 17, 2024 11:29 pm

except you forget that at that time horror story British Leyland was committing suicide by making stuff nobody wanted to buy
– stuff like the All-aggro..

..while Japs made stuffy but reliable stuff and VW made the Golf – 40ys ago this year.

Btw how much is your s/h iphone worth now.
Battery life OK??
Only a complete twat would claim s/h EVs are better!

Trying to Play Nice
Reply to  bnice2000
June 15, 2024 8:06 am

Actually, there are many Chinese EVs sitting in fields never driven. Their production numbers are much higher than their sales numbers.

strativarius
Reply to  MyUsername
June 15, 2024 4:25 am

Still living in student la la land.

Detroit?

Is that near Coventry?

Scissor
Reply to  strativarius
June 15, 2024 5:45 am

Interestingly, Wuhan is sometimes referred to as the Detroit of China. I have good and bad things I could say about each, mostly bad.

sturmudgeon
Reply to  Scissor
June 17, 2024 4:05 pm

Wuhan…Again?

Reply to  MyUsername
June 15, 2024 8:51 am

what do you drive?

I drive a 15-year-old Fiesta with a 1L engine that’s still going strong.

Reply to  Redge
June 15, 2024 9:05 am

You still drive yourself?

I have professionelles for that.

comment image

Reply to  MyUsername
June 15, 2024 9:55 am

so you don’t have a car but you either work at an airport or you fly a lot

bit hypocritical imho

MarkW
Reply to  MyUsername
June 15, 2024 10:27 am

In other words, you prefer to go where and when other people permit you to travel.
Making decisions for yourself and running your own life are not in your skill set.

Good to know.

Reply to  MyUsername
June 15, 2024 12:08 pm

As I said under another post, my wife asked me to get directions for her from “Google Maps” to get were she was going.
22 minutes by car. 2 days and 17 hours by bus. No lie.
(Are your “professionals” paid by the hour?)

Reply to  Gunga Din
June 15, 2024 12:11 pm

going by bus would be a bit longer than 15 minutes.

Reply to  MyUsername
June 15, 2024 2:00 pm

Poor Luser is stuck in its tiny little ghetto, can only go where and when the government allows him to go.

Stuck to some prescribed timetable and route.

Such a sad pathetic existence.

Reply to  MyUsername
June 15, 2024 3:38 pm

Luser still hasn’t learnt to drive… that is its problem !!

Good for other drivers though.. there are more than enough idiots on the road anyway. !

sturmudgeon
Reply to  MyUsername
June 17, 2024 4:06 pm

Want to bet that bus is subsidized?

observa
Reply to  MyUsername
June 15, 2024 7:59 pm

They’re going to have to bring their own filler cables to all those unmanned bowsers-
Thieves cut cables at electric vehicle charging stations across US | Watch (msn.com)
and so much for higher pressure faster filling as the more copper EVs demand the more lucrative the fixed cables become.

Dave Andrews
Reply to  observa
June 16, 2024 8:22 am

Plus a typical ICE car requires 24kgs of copper and an EV 60kgs. To get to 100% EVs by 2035. as is the target under the US Inflation Reduction Act plus upgrading the grid to accommodate all the EVs will require an unprecedented rate of new copper mines to be opened. (On average new copper mines that started production between 2019 – 2022 took 23 years from resource discovery to operation)

International Energy Forum ‘Copper Mining and Vehicle Electrification’ May 2024.

Dave Andrews
Reply to  MyUsername
June 16, 2024 7:21 am

VW already has a joint venture in China with Shanghai,s SAIC Motor and China is the third largest market for EU made cars after the US and UK.

The EU is now talking about tariffs of up to 38% on Chinese EVs and thousands of Chinese EVs are already sitting unsold in European Ports for 2 years or more.

The situation, as always, is a lot more complicated and nuanced than you seem to appreciate.

Peter Barrett
Reply to  Dave Andrews
June 16, 2024 1:11 pm

Do you know if there is any information on the state of the batteries after prolonged storage? If I was sold a “new” EV which was actually 2+ years old I would be very unhappy.

John XB
Reply to  strativarius
June 15, 2024 7:54 am

When considering Government attempt to prevent consumption and supply of a thing, the consumption, manufacture, distribution, s levif narcotic drugs are all illegal with stiff penalties, yet there is a thriving, hugely profitable international $ multi-billion industry in drugs which are readily available to consumers.

Immutable rule of the market: where there is sufficient demand somebody will find a way to supply it profitably.

Cars being purchased directly or via third parties on the Continent then imported into the UK would bypass the Government’s penalty on manufacturers in the UK. Already such a mechanism exists.

Reply to  John XB
June 15, 2024 9:20 am

The main law against opium and opiates was passed in 1914. Opiate deaths weren’t reported in the Mortality Statistics of the CDC until 1921.

The law made it so expensive that people resorted to injecting it instead of smoking it. The law was passed to protect the US alcohol and tobacco industries. It was more pleasant to smoke than tobacco and didn’t make a person drunk like alcohol.

The US was the main income for the League of Nations and had laws passed against it worldwide

Interested Observer
Reply to  scvblwxq
June 15, 2024 10:18 pm

You left out the part about drug laws being an excellent way to target ethnic minorities for harassment. Opium use was not uncommon among Chinese immigrants and the same was true for cannabis use among Mexicans and blacks. Enforcing drug laws was great cover for outright racism and any white people caught using these drugs were considered degenerate and deserving of any punishment they got (unless they were rich or well-connected enough to avoid it, of course).

June 15, 2024 2:51 am

VW To Invest 60 Billion Euros In Combustion Engines!

____________________________________________

Maybe the Felicity Ace had something to do with VW’s decision

Scissor
Reply to  Steve Case
June 15, 2024 6:03 am

Spontaneous combustion has such a negative connotation.

Reply to  Steve Case
June 15, 2024 11:09 am
Tom Johnson
June 15, 2024 3:58 am

“What’s behind the sudden swing back to combustion engines and the growing aversion to electric cars?”

The fatal error in the Green Evolution is fully displayed in this statement. Now, and for the foreseeable future, electric cars are powered by ” combustion engines”. Gasoline and diesel engines are ICE – Internal Combustion Engines. EVs are ECE – External Combustion Engines. Their power comes from burning fossil fuels externally. There is simply no large-scale technology that will result in electricity production with zero CO2 emission for at least the next several decades. It looks like some responsible adults are finally acting on this reality.

Reply to  Tom Johnson
June 15, 2024 4:26 am

nailed it!

Reply to  Tom Johnson
June 15, 2024 7:17 am

“There is simply no large-scale technology that will result in electricity production with zero CO2 emission for at least the next several decades.”

What about the existing 54 commercially-operating nuclear power plants (having a total of 94 nuclear power reactors) in the US:
— large scale? CHECK
— electricity production? CHECK
— zero CO2 emissions? CHECK
— operating now, not 20 years from now? CHECK

Now, you were saying something about reality . . .

John XB
Reply to  ToldYouSo
June 15, 2024 8:21 am

France has 59 operating since the 1970s and providing 80% of demand.

Reply to  John XB
June 15, 2024 9:13 am

How many have they build in the last 20 years? How many are they going to build in the next 20? How many have been / will shut down in this 40 year time frame? Why did France nationalize EDF?

https://ourworldindata.org/grapher/electricity-prod-source-stacked?stackMode=relative&facet=none&country=~FRA

65% and falling, while renewables gain share.

Reply to  MyUsername
June 15, 2024 9:57 am

The latest US nuclear reactor for the production of electricity (Vogtle Unit 4) was brought online in April 2024. The next youngest nuclear reactor for the production of electricity in the US (Vogtle Unit 3) was brought online in July 2023. Construction of these two nuclear reactors began in 2009, fifteen years ago.

Before these, Watts Bar 2 came online in June 2016 and Watts Bar 1 came online in May 1996 (both less than 20 years ago).

According to the EIA (https://www.eia.gov/tools/faqs/faq.php?id=228&t=21 ), “The U.S. Nuclear Regulatory Commission (NRC) licenses new commercial nuclear reactors to originally operate for 40 years. Before expiration of the original license, licencees can apply for a 20-year operating license extension. The NRC may subsequently grant a third 20-year operating license extension for a total operational life of 80 years.”

I don’t care to try to predict the future, nor to comment on France’s policy toward its Electricite de France.

The Web can be your friend regarding giving you some basic information and perhaps answering any of your follow-up questions.

Dave Andrews
Reply to  ToldYouSo
June 16, 2024 8:45 am

Yeah renewables “gain share”.

Like in China where 75.9 GW of wind and 217 GW of solar were added in 2023 bringing their share of installed capacity to 36% (1050GW) yet wind provided only 9% of China’s electricity during the year and solar 3%

Coal meanwhile at 1390GW provided 70% of China’s electricity during the year.

Reply to  MyUsername
June 15, 2024 2:53 pm

Wind and solar are barely visible on the world energy data.

In 20- 40 years time, EVERY wind turbine currently in existence will be either rotting piece of environmental junk, or taking up space as non-biodegradable land fill.

world-energy-usage
Reply to  MyUsername
June 18, 2024 12:48 am

you are a completely clueless individual.

I live in France.
Our entire (large) region is powered by the big NPP in BUGEY – yep the one they are going to expand despite the looney greenies constantly trying to get it shut down on the flimsiest grounds.

Hollande the cretin tried to screw up the grid and shut down the only NPP in Alsace which was recently renewed and had another 20yrs.
I met the engineers dismantling it only 2 weeks afo.

It has cost a FORTUNE and Hollande has no shame.

Most of the time France has a massive oversupply of electricity which is why they export it at huge profit to their neighbours.

They do actually generate power by other means than nuclear but the wind and solar at night with low demand and no wind is 100% backed up by France’s NPPs.

Tom Johnson
Reply to  ToldYouSo
June 15, 2024 9:28 am

Dispatchable? NO check . To run the world solely on nuclear electrical power is certainly achievable, but not short term. Air flight also has to be dealt with. That’s why I said several decades, otherwise I would have said indefinitely. Reality hurts, doesn’t it?

Reply to  Tom Johnson
June 15, 2024 10:02 am

“Dispatchable? NO check . . . Air flight also has to be dealt with.”

WTF?

Tom Johnson
Reply to  ToldYouSo
June 16, 2024 4:39 am

Most present-day nuclear power plants run at either full throttle, or off. There’s no intermediate stage and restarting takes significant time. To run the distribution grid requires variable input energy since grid output energy must always equal grid input energy. If it didn’t, voltage and frequency would vary wildly to make it equal. There’s no other place for the energy to go. Energy usage varies wildly due to lighting, heating, cooling, etc. loads changing, meaning the input energy must change appropriately. When nuclear input is the only power source, the reactors must somehow be able to be modulated. That technology is not available today. Air transportation has the same hurdle. There are simply no means of electric cargo and transcontinental passenger flight on the horizon today.

Reply to  Tom Johnson
June 16, 2024 12:07 pm

Most present-day nuclear power plants run at either full throttle, or off. There’s no intermediate stage . . . When nuclear input is the only power source, the reactors must somehow be able to be modulated. That technology is not available today.”

Not so.

“Dispatchable” is a different thing altogether from “variable”. Nuclear power output is easily variable, although it is economically inefficient to operate commercial nuclear power plants at less than their nameplate output rating.

The nuclear reactors powering US Navy (and foreign) submarines and surface vessels are often operated over a wide range of the output capability, from max power down to “idle” power, such as when they are docked in a given port for days/weeks on end.

Any consideration of using electricity to power air transportation, independent of such electricity being provided from fossil fuels or from nuclear power plants, is RIDICULOUS. Therefore, any comments about air transportation vis-a-vis sources of electricity production is meaningless.

Reply to  ToldYouSo
June 15, 2024 10:46 am

More nuclear plants would have to be built if everyone was using electric cars and they were the source of the electricity to power them.

Reply to  scvblwxq
June 15, 2024 6:31 pm

Who could have even imagined that being the case?

/sarc off

John XB
Reply to  Tom Johnson
June 15, 2024 8:20 am

Green Energy is the Grand Delusion. Simpletons at work.

If you can’t see CO2 being emitted, then it isn’t being emitted. Like all those gas-fired power stations on stand-by burning gas to back up wind power ready to intervene when the wind stops. No CO2 emitted by wind turbines, therefore no CO2 is being emitted.

Reply to  Tom Johnson
June 15, 2024 5:16 pm

There is nothing, ‘green’ or planet saving about an EV. It’s the same for so called renewable energy machines. –

strativarius
June 15, 2024 4:46 am

If you can’t nobble the vehicle… make the test harder and harder to pass…

https://www.gbnews.com/lifestyle/cars/driving-law-changes-test-impact

strativarius
June 15, 2024 4:57 am

Open invitation from the Guardian….

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

The Guardian view on Europe’s imperilled green deal: time to outflank the radical right
Editorial

“Commentary on last weekend’s European polls has focused on the rise of the radical right, most spectacularly seen in France. But it was also a difficult night for green parties, who saw their vote share plummet by more than a quarter. The French Greens barely made it over the 5% threshold required to send MEPs to Strasbourg. In Germany, where the Greens form part of the coalition government, the party’s vote was almost halved to 12%. Taken together, these twin trajectories should set alarm bells ringing in relation to Europe’s green deal, which is about to enter into its most challenging and politically delicate phase.”
https://www.theguardian.com/commentisfree/article/2024/jun/12/the-guardian-view-on-europes-imperilled-green-deal-time-to-outflank-the-radical-right

Tell them what you think – in <= 300 words, that is.

Mr.
Reply to  strativarius
June 15, 2024 7:26 am

“How did you not see this coming?”

is only 7 words.

But being as thin-skinned as far left Grauniad editors are, I doubt my submission would be published.

MarkW
Reply to  strativarius
June 15, 2024 10:35 am

Safe bet that only submissions that agree with the author’s position will be accepted.
It is the Guardian after all.

Reply to  strativarius
June 15, 2024 10:51 am

Most of Europe is pretty cold most of the time. It is so cold that everyone has to live and work in heated buildings and have warm clothing most of the year. Maybe people are starting to realize that a degree or two of warming might be good.

Reply to  strativarius
June 15, 2024 2:08 pm

two words… GREAT NEWS !

Reply to  strativarius
June 15, 2024 5:19 pm

Tell them what you think – in <= 300 words, that is.



R
June 15, 2024 6:02 am

I’m wondering why all the US car companies aren’t doing this …. investing in ICE vehicle development … it makes sense!

guidvce4
Reply to  purecolorartist@gmail.com
June 15, 2024 6:41 am

Virtue signalling and common sense do not fit very well together. That is the answer. And they may very well be doing development behind the scenes, just waiting for the DIE crap to end.

Scissor
Reply to  purecolorartist@gmail.com
June 15, 2024 7:13 am

Politicians are surprisingly inexpensive.

sturmudgeon
Reply to  Scissor
June 17, 2024 4:31 pm

Except ‘brandon and family’….

Trying to Play Nice
Reply to  purecolorartist@gmail.com
June 15, 2024 8:14 am

Why do you think they aren’t? I know engine engineers working on ICE at Ford and GM.

Reply to  purecolorartist@gmail.com
June 15, 2024 10:52 am

Hybrids are catching on in the US.

Reply to  scvblwxq
June 15, 2024 5:00 pm

Hybrids are catching on in the US.”

Fossil fuel powered with electric drive.

sturmudgeon
Reply to  purecolorartist@gmail.com
June 17, 2024 4:30 pm

Why?…. Because “brandon”

June 15, 2024 6:46 am

For all you BEV naysayers, here’s some interesting information that’s relevant, at least in Australia which no longer manufactures any cars.

Currently, the cheapest BEV in Australia is the GMW (Great Wall Motors) Ora Standard Range.

https://www.racv.com.au/royalauto/transport/electric-vehicles/cheapest-electric-car-australia.html

https://assets.gwmanz.com/f/256395/x/6cb11f3ef1/ora_brochure_au.pdf

“GWM currently offers the best warranty at 8 years unlimited kilometres on the battery and 7 years unlimited kilometres on the vehicle.”

“GWM Ora Standard Range (310km range) – A$35,990 driveaway” (about $24,000 US dollars).

“GWM Ora Extended Range (420km range) – A$40,990 driveaway” (about $27,300 US dollars).

These prices are only marginally higher than an equivalent ICE vehicle of similar size, such as the KIA Cerato.

BYD is a competitor to GWM and has recently lowered its prices on some of its vehicles to compete, so there are a number of options for affordable, Chinese, BEVs in Australia.

Rich Davis
Reply to  Vincent
June 15, 2024 7:10 am

How many SWMs want to buy a GWM?

Mr.
Reply to  Vincent
June 15, 2024 7:30 am

There’s an old expression that goes –
“you get what you pay for”

Never truer when it comes to automobiles.

Reply to  Mr.
June 15, 2024 8:02 am

That expression needs some expansion.

“You get what you pay for, if you’re lucky”.

Also, you get what you vote for.
FJB

Joe Crawford
Reply to  Mr.
June 15, 2024 8:39 am

“you get what you pay for” I think it’s more like “you never get more than you pay for” :>)

MarkW
Reply to  Vincent
June 15, 2024 10:38 am

Price and size are only two of many variables that are used by individuals to determine what they will buy.
The so called equivalent ICE cars can still go further on a tank, be quicker to refill, last longer and are higher quality.

How are your magic vehicles actually selling?

Reply to  MarkW
June 15, 2024 2:57 pm

Not to mention what happens at the “end of life”

in less than 8 years, these EVs will have zero value.

Where will they go?

You can’t crush them and recycle like they do with ICE cars.

What happens to all those extremely dangerous lithium batteries ?

Are we looking at a massive environmental disaster in the making. !!

Reply to  bnice2000
June 15, 2024 4:25 pm

“in less than 8 years, these EVs will have zero value.”

You’re exaggerating. The GWM car I mentioned has an 8 year, unlimited Km warranty period for the batteries, and a 7 year unlimited Km for the vehicle. That’s a longer warranty period than most ICE vehicles offer.

However, I agree that recycling the batteries will be a major problem that has to be addressed, and is being addressed. Today, it is estimated only 5% of the world’s lithium-ion batteries are recycled across the globe, with dramatic environmental and financial implications for the projected 8 million (or more) tons of waste in the future. The following article addresses the research currenty being done to deal with this problem.

https://www.cas.org/resources/cas-insights/sustainability/new-advances-recycling-lithium-ion-batteries#:~:text=Current%20recycling%20techniques&text=Hydrometallurgy%20uses%20solutions%20(primarily%20aqueous,either%20metals%20or%20metal%20compounds

Reply to  Vincent
June 15, 2024 4:55 pm

An 8-year warranty from a Chinese manufacturer.

Ok 😉

I’ve gotta nice bridge to sell, and a Nigerian inheritance.

Would anyone sane seriously buy a 7-year-old EV ??

Reply to  Vincent
June 15, 2024 4:14 pm

Any idea how the battery warranty works? If it’s like all warranties I’ve ever dealt with, this is what will happen: the battery will die in six years. You have lost 25% of the coverage so you will be offered a 25% discount on the manufacturer’s suggested retail price. Sounds alright, not great, then you will discover the battery is on sale, 20% off the suggested price. So you ‘save’ 5% using your warranty, they still make a profit on the battery, and you are locked-in for another six years until the new battery dies. They have a customer for as long as you own your EV. Most warranties are only good to have if the product is initially defective.

Reply to  jtom
June 15, 2024 4:56 pm

It is quite possible that you have to PAY to get rid of your old EV. !

Reply to  Vincent
June 15, 2024 5:59 pm

GWM Ora Standard Range (310km range)

310KLM range — lol!

$116 per klm pro rata on PP/range offered.

Diesel – Range let’s say 900klm.

$40 per klm pro rata on PP/range offered.

Do you add back to the purchase price the discounts, rebates etc offered by governments? You need to pay an extra $45 per klm of range to ‘upgrade’ to the extended range, that which i assume takes longer to re-charge…

cuddywhiffer
June 15, 2024 6:52 am

Top, down, Keynesian economics (government pushing) does not work. Free market, Friedman economics, bottom, up…does. The public cannot afford, government inspired, bat-shit crazy ideas. Watch some more ‘Yes Minister’, or even ‘Monty Python’. We don’t have the metals, the grid, or the power, to adopt EVs, and where I live (Canada), the climate kills the idea for at least four months of the year. I hope Justin stays in Italy.

Mr.
Reply to  cuddywhiffer
June 15, 2024 7:37 am

In Canada recently I saw pick-ups driving around with flags saying F*CK TRUDEAU.

Is this some sort of special urge that coincides with Pride Month?

Reply to  Mr.
June 15, 2024 8:06 am

Isn’t it interesting that June is Pride month and also happens to be Mental Health Awareness month.
Sounds like more than a coincidence.

Reply to  Mr.
June 15, 2024 11:59 am

That’s been happening for years, bumper stickers galore on the same theme.

Reply to  cuddywhiffer
June 15, 2024 10:55 am

The free market doesn’t work when all the players are lying or misinformed either. The Great Depression showed that.

June 15, 2024 6:58 am

Interestingly, one finds these consecutive paragraphs under the subheading Reality check in the above article:

Originally, the Wolfsburg-Germany based VW planned to invest 180 billion euros only for the next generation of electric vehicles, but now it also plans to invest 60 billion euros for internal combustion engine development. 

“The future is electric, but the past is not over yet. It is a third and it will remain a third.” Arno Antlitz, Chief Financial Officer and Chief Operating Officer of the Volkswagen Group.

So, the first paragraph says that VW will be investing 180/240 (=3/4) in EVs and 60/240 (=1/4) in ICE vehicles

Viewed against the second paragraph, it appears that Arno Antlitz needs some remedial math lessons . . . and he’s VW’s CFO, go figure!

Dave Andrews
Reply to  ToldYouSo
June 16, 2024 8:57 am

He obviously means it as one third as much as is invested in EVs. Perhaps something was lost in translation 🙂

John XB
June 15, 2024 7:46 am

I have noticed a recent drift away from EV ads to petrol hybrid ads.

mleskovarsocalrrcom
June 15, 2024 10:59 am

EV sales will continue to stall until they get the charging problem solved. Range has been slowly creeping up but without ubiquitous charging like with ICE vehicles it will be limited to those that don’t need range and have home charging and you can’t get around those facts. Too many people rent or don’t have a place to install a charger that’s out of harms way to believe everyone will eventually go electric.

Reply to  mleskovarsocalrrcom
June 15, 2024 6:41 pm

Latest news, at least in California, is that thieves are cutting off the heavy electrical cables that run from the charging unit to the EV’s charging port in order to get the copper conductors and then sell that as scarp metal. It’s happening in both public and private charging stations.

There isn’t the same problem with the hoses that run out of gasoline or diesel pumps at filling stations.

A contributor—perhaps not so minor—to the “range anxiety” experienced by drivers of EVs.

June 15, 2024 11:45 am

This does not bode well for the VW battery plant planned for St Thomas Ontario subsidized by enormous amounts of our tax dollars.

Bob
June 15, 2024 12:17 pm

Let us remember that this whole mess is a faux problem manufactured by government mandates hoping unworkable solutions will solve nonexistent problems. It’s a mess.

sturmudgeon
Reply to  Bob
June 17, 2024 4:42 pm

Well Said!

Dr. Bob
June 15, 2024 1:22 pm

The meaning of Synthetic and Alternative fuels means E-Fuels and limited sources of biofuels. Biofuels are technically viable and can be made from waste materials such as MSW and biowaste, but they will not be cheap and will exist only with subsidies. E-Fuels are not viable. They can technically be produced by capturing CO2 and reducing it with H2 to produce HC fuels, but this process is incredibly expensive and will use massive amounts of “renewable” power. And all chemical processes require 24/7/365 power whereas renewables are not generally that reliable. Thus the question about where the additional power will come from to make up for the gaps in power production from wind and solar. This is a very tough question that regulators and the media never begin to touch. Just like the problems with EV’s, the issues are swept under the rug and ignored.

Edward Katz
June 15, 2024 2:17 pm

This turnaround is just another example of consumers and voters refusing to be railroaded into buying products and adopting lifestyles that environmental gurus and their government sidekicks think is best for them. And when those products and lifestyles wind up being more expensive, less convenient and more restrictive than what’s already available, people will inevitably take a stand against them through boycotts and refusals to change their current habits. In addition, when people are left with a great deal of skepticism regarding the steady stream of climate alarmism promoted by the mainstream media who they suspect is on the take from governments and Green product manufacturers, it’s guarantee they’ll take an even stronger stance against compliance.

sturmudgeon
Reply to  Edward Katz
June 17, 2024 4:45 pm

Unfortunately, a LOT of people took the jab, or two, or three… I personally do not have much confidence in Common Sense becoming the ‘norm’.

June 15, 2024 3:12 pm

“The electric offensive from China is worrying established car manufacturers,”

They are particularly cheap because they use coal power and coal thermal for manufacturing steel, refining rare metals, making lithium batteries and even the glass, silicon, fiberglass for solar panels, reinforced composites for windmill blades…

LT3
June 17, 2024 11:30 pm

Fossil fuels are fine, just don’t burn them above 30,000 feet if you do not wish to keep the climate above LIA conditions.