By P Gosselin on 19. April 2026
Like everything else in the Green Movement, electric mobility too is turning into a giant money burning pit.
Going green is only burning away good money. Image generated by Grok AI
Germany’s online Blackout News here reports that the global automotive industry is facing a “potentially existence-threatening crisis” due to a massive financial failure in the electric vehicle (EV) sector.
In 2024, losses in the electric car segment reached approximately 60 billion euros (70 billion dollars). Major manufacturers like Volkswagen, Ford, and General Motors have had to perform significant write-downs due to overestimating the market.
Expectations crash against reality
Blackout News points to a significant gap between manufacturer expectations and reality. Customers are reportedly rejecting EVs or delaying purchases due to 1) high purchase prices, 2) limited range and long charging times, 3) uncertainty regarding battery longevity, and 4) the end of state subsidies (purchase premiums), which previously “artificially” supported demand.
Consumers aren’t cooperating
The article claims that car manufacturers prioritized political goals (such as CO₂ regulations and combustion engine bans) over market economic logic. This “ideological misdirection” led to massive investments in production capacity that the market is currently unwilling to support.
In response to these losses, companies are making sharp course corrections. For example, Ford is reducing EV investments, General Motors is adjusting production targets and Volkswagen is intensifying cost-cutting programs.
The economic consequences are profound. The crisis is leading to production cuts, halted projects, and increased uncertainty for employees and suppliers. High raw material prices and the lack of “economies of scale” (due to low volume) mean that manufacturers are struggling with low margins and overcapacity.
In summary, the transition to electromobility is a “billion-euro grave” caused by manufacturers ignoring consumer preferences in favor of following political mandates and delusional green ideologies.
Will lawmakers ever wake up?
The only Lawmakers that can “Wake Up” are those not already WOKE.
“a massive financial failure in the electric vehicle (EV) sector”
Has anyone told Elon Musk?
The few figures here are hopeless – unclear whether global, EU or Germany. But for Germany, from here are the sales figures for March 2026 vs March 2025:
EV market share risen from 16.8% to 24% in just a year!! Somebody is making money!
“Somebody is making money!” Yup! The Chinese. It sure wasn’t Volkswagen.
Yes, the Chinese are strong competitors. But EVs are selling.
Anything will sell if you drop the price enough. It’s called clearing the market.
Doesn’t mean they make a profit.
Do you think Tesla doesn’t make a profit?
Do you think EVs are cheap?
Do you own an EV? or do you use a diesel SUV ! ?
I thought you had switched to talking about Chinese EVs. Make up your mind.
Changing the subject and picking nits, are Nick’s major mental skills.
Tesla profit is down heavily 46% to be exact.
Elon is prioritizing AI, autonomous driving, and humanoid robots over EV profit because he owns tech in that space and squeeze a bit more out of you 🙂
In Australia, Tesla’s Full Self-Driving (FSD) (Supervised) is priced at A$10,100 for an outright purchase or via a subscription for A$149 per month. Enhanced Autopilot, the subscription is A$75 per month.
Not sure why you are even interested in EV cars since you don’t own a car. Is that a lifestyle choice or did you fail your license renewal? I know a lot of boomers starting to struggle with that problem.
If you are an older driver with less perfect eyesight and reactions, full self driving is a god send and well worth the price. The alternative is to rely on friends or stay at home, or be in assisted living
Musk’s new taxi is remarkable.
You get in, tell the screen your destination, you get there and get out, and the car is automatically directed to the next person.
Tesla has always been a vanity purchase.
Beyond that, the number of cars Tesla sells has plummeted since the subsidies started running out.
And any “profits” Tesla has made was on the back of government carbon credits, government EV buying subsidies, etc, not on the actual sales of EVs covering the cost of making the EVs (IE real old-fashioned profits). Remove the government money, and Tesla is and always has been in the red.
EVs are expensive to make, which is why so many companies are losing billions trying to make and sell them.
Not hardly, I’m fact they cost tens of thousands more than their ICV equivalents. So much so that buying an EV is like preparing for 10 years worth of petrol and servicing.
BYD EVs are cheap however though not inexpensive for the value … just Cheap.
Don’t forget government punishing auto makers who don’t sell enough EVs.
The Chinese make their money by selling carbon credits they get on their EVs back to the Germans. Then they can then reduce their prices to below what it costs them to make the cars. The Germans are underwriting the process that will kill their auto industry. They can’t compete. Doesn’t mean the EV market is sustainable without significant subsidies.
The market volume has fallen and the only buyers are woke companies
Those that can write losses off against taxation. !
According to the source, total sales year on year to March 2026 was:
“increased by 16% year on year to 294,161 units”
Month to month, year on year, you sure do like to switch them apples and oranges. Guess you just don’t want anyone to compare your comparisons.
They’re selling in China (by fiat). Skews the data. You also need to add the size of the market to the charts. It matters to a business trying to remain solvent.
These losses are write-downs. They take expected sales and return on those sales then compare the result to what was invested to generate that return. All this says is they don’t see sufficient demand (regardless of what China sells) to support the investments they made. They have to do this so that they don’t mislead the investors, which are you and I.
These are losses that you and I had to pay for. Simple as that.
Yeah, they’re selling so good that Ford had to make a $19 billion writeoff on their EV investments and EV sales (across all manufacturers) in the US (one of the largest auto markets in the world, much bigger than Germany) dropped 4% in 2025. It’s not all bad news for EVs, the current war in IRAN’s effect on Gas prices could drive some consumers to EVs, giving them a bump in sales. maybe (Consumers are more likely to go for a steeply discounted used EV than go for the expensive brand new ones, so may not be much of a bump up for manufacturers).
Stellantis wrote off $26B. Think that was the largest single reported EV loss.
Sales volume is not profit. The phrase “pennies from in front of a steam roller” comes to mind.
Never forget the sales manager that predicted major success on a product on which the company lost $0.05 on each sale.
“We’re going to make our profit on volume!!”
One of the EV models is the Skoda Enyaq which lists for $50K to $76.5K
Another is the Skoda Elroq which lists for £31.5K (UK) or about $50
About $20K-30K higher than ICV equivalent
$30K buys a hellovalotov petrol and servicing
FYI used 2025 Elroq goes for £21K so loses £10K (30%) in depreciation value the first year
People are buying them.
If that’s the case, why do EV’s depreciate so rapidly? Could it be because no one wants them?
If no-one wants them, how are so many being sold?
Do you have numbers on depreciation?
They’re subsidised, while ice are taxed heavily to discourage use. Subsidy always distorts the market. The moment subsidies go away, demand crashes.
No, in Germany subsidies ended at end 2023. Demand did drop for a few months, but is now fully back.
Market share does not measure demand. What numbers are you using for demand?
Direct subsidy to individuals ended, but Germany also offers a ten year 0-rate vehicle tax (deadline for registration to qualify is the end of this year) on BEVs and functionally subsidises business fleet ownership through other tax incentives. The surge in purchases this year came from business fleets, taking advantage of this combination while it is still around, and wealthy individuals seeking the tax exemption. BEV sales will collapse again once the 0-rate deadline has passed.
And all that aside, BEVs are loss-makers for their manufacturers. A business that makes a loss on every single unit sold is not going to survive no matter how many units it sells. The only profitable BEV seller is tesla, but even they are cutting production due to low demand.
They will fall…unless current incentives are either extended or revived in another new scheme.
“Germany’s online Blackout News here reports that the global automotive industry is facing a “potentially existence-threatening crisis” due to a massive financial failure in the electric vehicle (EV) sector.”
So, why that German news article?
https://www.webuyanycar.com/electric-cars/ev-depreciation/
In the UK, the majority of EV buyers are fleets or companies, not individuals, on account of the tax advantages and subsidies. Grok says this about Germany: As of early 2026, the fleet market is the primary driver of electric vehicle (EV) growth in Germany, with BEV (battery-electric vehicle) fleet registrations increasing by 38% to 207,000 in early 2025. While overall market growth for EVs slowed, corporate fleets—making up 59% of new registrations in July 2025—continue to adopt electrified models. In 2023, 20% of German company fleet cars were electric or hybrid.
How do you know “so many” are being sold?
Do you have numbers on sales, not market share? I suspect you do, and that’s why you didn’t brag on them.
According to the source, total sales year on year to March 2026 was:
“increased by 16% year on year to 294,161 units”
So there was an increased EV proportion of increasing overall sales.
ROFL they have to increase in UK ====> they have mandated numbers
In UK 33% of new cars sold in 2026 have to be fully electric otherwise you get fined £15,000 per car below that percentage.
Germany started it’s new EV scheme on 1st Jan 2026 … 2026 6000 Euros off if your taxable income is below 80,000-90,000 Euro.
The surprising detail was the lift is only 16%
Toyota for example is up 79% so there are some big losers
https://newsroom.toyota.eu/toyota-motor-europe-battery-electric-vehicle-sales-up-79-in-the-first-quarter-of-2026/
China and USA has stalled so globally EV sales are down
https://unn.ua/en/news/global-ev-sales-fall-amid-record-growth-in-europe
Aha, an explanation for those charts. Waded trough 3 pages of bickering to get here but LdB solves the puzzle.
Toyota’s hybrids and EVs are very good. Close to Tesla. Those 2 come out on top.
IF i had to chose which i don’t.
The thing remains: we live in a time of overall transition. Any trajectory is highly speculative. Only conflict seems to be a growing market..
Gee Nick, I thought you were supposed to be good at math.
He’s great at math, not so great at logic.
It is difficult to get a man to be good at math when his salary depends on him not being so. or words to that effect from Mr Sinclair.
See my response above
Anyone who buys an EV needs to not own it for long.
Who would buy a 8 year old EV that could soon need a new battery that costs more than the car is worth?
The depreciation losses would far outstrip any saving on fuel.
Almost all of the so called fuel savings, were the result of electricity not being taxed to support roads, the way gas and diesel are. Governments all over the planet are working to plug that leak.
Ive looked into that. It is not nearly as straightforward as you state. Tesla’s batteries for instance seem to last a really long time. And surprisingly: old Nissan Leafs.
You have to take ALL things into consideration. Having done that i decided to keep my 2007 Suzuki until it drops.
I don’t know about Germany, but one of the reasons people are buying them in the UK is financial. A lot of the UK market is company provided cars, which are then taxed as compensation in kind. But an EV is taxed at a much lower rate than ICE in this scheme, so people take either PHEV or EV instead. All the data I have seen is that UK private purchases are small and static. Of course the next thing is that the three year old EVs come off lease and into the used market, and my impression (without having done any proper analysis) of the Autotrader offers is that they then depreciate a lot faster than ICE.
Only anecdotal, but I have read reports that PHEVs very often appear on the used market with their charging cables still wrapped up, never having been used. Ex company lease of course. Don’t know how common this is.
By the way, we should be a bit skeptical about the end purpose and result of the EV push. Show me a country that has reduced its emissions materially by moving to EVs.
Probably Germany, from killing so much industry and shifting so much emissions to China. Out of sight, out of mind.
Let me fix that for you
.
Idiotic, virtue signaling Greentards
Peopleare buying themNo, companies are buying them due to government incentives and fleet requirements. The people (customers) are really not following suit. New EV sales to individuals are low and fairly static (and even declining in many markets – particularly where purchasing subsidies have been eliminated). The only noticeable growth in EV sales to individuals is in the used market, where the depreciation has been huge. IE people are only willing to buy them at a steep discount. And even that growth is a niche of the market.
No nick, companies are buying them in the UK. Outright purchase but more commonly on lease. Either way the company gets the sale.
And every one of those people will lose a not of money if they try to sell the EV in 3-4 years time.
Germany, that can barely make enough of its own electricity to keep the grid functioning..
This will be fun to watch 🙂
Pre-registration. Dealers are LOSING money:
Why do you think they are selling? Do you think its that they are simply a superior product to ICE? Also,I don’t know the German market, but you’ve cited a one month comparison. How do the year on year figures look? Or did something happen in March to produce a spike?
You are skeptical about depreciation in a comment. Here is the UK situation:
https://www.autotrader.co.uk/car-search?advertising-location=at_cars&fuel-type=Electric&metropolitan=uk&postcode=NG15GA&price-from=500&radius=300&sort=relevance
Anecdotes suggest more rapid depreciation for EV than ICE, but that may not reflect the average. But my impression from the Autotrader ads is that it is generally pretty rapid, more so than ICE. Though diesel may also be depreciating fast within ICE, faster than gasoline.
This is how WUWT arguments often go. The lead article says, baldly:
“Customers are reportedly rejecting EVs or delaying purchases due to…”
leading to a supposed financial crisis for EVs.
I point out that in fact sales are increasing rapidly. Then people ay, well it’s mainly fleet owners, or whatever. But the original claim was wrong – no-one is interested in that any more. Even if it is fleet oeners, thta is still revenue for the sellers. No financial crisis.
You miss the part where EVs are loss-making to the tune of billions across the industry. Tesla is the only company making a profit, but as I outlined below, that profit is rapidly disappearing.
No you point out a stupid number that is meaningless because it has nothing to do with car manufacture profitablity
So why don’t you try reading and researching
CAR MANUFACTURER CEO view
https://www.motor1.com/news/768702/mercedes-ceo-europe-car-industry-collapse-gas-engines/
https://www.autonews.com/manufacturing/automakers/ane-stellantis-vw-eu-support-industry-0205/
Financial Analyst View:
https://www.forbes.com/sites/neilwinton/2025/12/29/european-automakers-will-struggle-in-2026-as-car-buyers-win/
Biggest EV market China sales have stalled:
https://finance.yahoo.com/news/global-ev-sales-slip-again-093000885.html
It’s not a pretty picture and there are huge structural issues for car manufacture EV or ICE. There are going to a lot of them hit the wall or at least have to reinvent themselves.
Mr. Stokes: No, this is how your arguments go: WUWT Article accurately reports loss numbers; Stokes cherry picks numbers that appear to dispute the article, but don’t actually upon closer view. Here, unit sales numbers in Germany may be up, but that doesn’t rebut the article numbers that show financial losses which he never disputes (he can’t). You basdically switched units for money, and then launch into it as if you’ve debunked the article. You are not so obvious most of the time, but this is one of your worst. In support of EVs??!! Please.
It isn’t a WUWT argument. See P. Gosselin at NoTricksZone. The original author and complain about bad info there.
The source was “Blackout News” If there is a single author, I didn’t see a name. Pierre is not the originator.
Oh OK thanks.
You found one example, over a small time period over a very limited geographical area, where sales have temporarily increased. As usual you try to pretend that context is completely irrelevant and only your interpretation of the data is valid.
That’s not arguing Nick, that’s propaganda, and you aren’t very good at it.
i’m not sure you have shown that. You have shown that in one country, for one month, that month’s sales were higher than the same month a year earlier. That’s not the same as sales in general increasingly rapidly, and I am not sure that they are globally.
I’m also not sure why it matters. But that’s another story.
Porsche said in March 2026 that it was cutting almost 4000 jobs because of poor EV sales and was delaying several planned EVs “in favour of adding more profitable vehicles powered by internal combustion engines”
Meanwhile it’s parent company Volkswagen said things were going so well that it was going to shed 50,000 jobs by the end of the decade.
Meanwhile here in the UK luxury car maker Bentley said because of poor EV sales it had “a renewed interest in the internal combustion engine”
Lamborghini has abandoned plans for EVs and instead will continue to build combustion engine vehicles “for as long as possible”
Stellantis has taken a huge write down and is selling a stake in its battery joint venture after it “overestimated” the pace of the shift to EVs
One bit of good news for Nick, however, is that Rolls Royce unveiled a new two-seater electric convertible EV. Only 100 will be made and It will cost him £3m to buy though 🙂
A lot of bad stuff that was going to happen eventually will be using EV as an excuse. EV was not a great idea, but it is already being used as an excuse for unrelated errors and bad business models. Bigger trend: Does it make sense to manufacture _anything_ in what was once called the first world?
Thing is: there is no profitability in designing and producing reliable better and more important LESS complex ICE cars. They are all over complicated, expensive to maintain and over regulated. Computer power rules. More computer power, more chipsets, more elements ( like chipsets and plastic parts) that can and do go wrong over time. We are talking under 10 and sometimes under 5 years. It is part of the profit margin.
There might come a time where replacing a relatively costly battery will actually be the cheaper option, especially when the EV brand offers you a discount and good warranty.
Cherry picking again Nick?
New incentives and tax breaks were announced for electric vehicles from January 2026 in Germnay.
You can lead a horse to water and use taxpayer money to make him drink.
Cherry picking again Nick?
New incentives and tax breaks were announced for electric vehicles from January 2026.
You can lead a horse to water but if you want him to drink you’ll have to use taxpayer’s money
You give no link. But it doesn’t seem to apply to Germany.
https://alternative-fuels-observatory.ec.europa.eu/general-information/news/germanys-2026-ev-incentive-programme-supporting-socially-targeted-ev
You can use google.
The application process begins in May but can be backdated. This is aside from manufacturer subsidies.
He probably did do some research, it’s just that Nick only prints the data that supports the issues he’s trying to push.
Not uncommon on this channel..
Im clearly over the target..
Thanks to just-stop-oil-donny it will rise further 😀
Actually the reverse is likely because net-zero is dying a slow and sad death … it’s like watching a slow moving train crash.
You can sum it up with slow renewable rollouts, infrastructure bottlenecks, and rising costs and no chance any 2035 or 2050 deadline can be met.
Even the poor IMF is in trouble with the orange man
https://www.thenationalnews.com/news/us/2026/04/15/us-treasurys-bessent-repeats-calls-for-imf-and-world-bank-to-drop-climate-plans/
So not sure who is going to be financing all the net-zero dream for developing nations.
As a greenie probably best you not read the reality
https://www.rff.org/publications/reports/global-energy-outlook-2026/
How badly did international financiers need someone like ‘just-stop-oil-donny’ to ‘force them’ to start making the decisions they needed to make? If he had not happened on his own, they would have created him. Did they?
Have you ever managed to visit any form of reality known to modern science?
Attention…
Show me absolute numbers and absolute costs by years.
Mr. Chip: Don’t you understand how long it took for Mr. Stokes to chew threw those “absolute” numbers and find numbers that fit??
Another socialist who actually believes that government mandates are the same thing as market demand.
Herr Stokes, you of all people should realize a picked cherry when you use one. You’ve merely shown a pie graph for one year in the most industrialized nation in Europe. One that, it’s Autobahn notwithstanding has very old if not ancient city layout (tight quarters) as well as relative to America, short driving distances between in-nation endpoints. Trying at least one BEV makes more sense for the Deutschlander than for others. I do however appreciate your persistentence in extolling the supposed increase in German BEV sales year on year.
The author of the article forgot to mention a few items
Expectations crash against reality
Blackout News points to a significant gap between manufacturer expectations and reality. Customers are reportedly rejecting EVs or delaying purchases due to:
1) high purchase prices,
2) limited range, especially in colder and hotter climates.
3) long charging times
4) poor charging infrastructures
5) poor battery longevity of 6-8 years
6) poor battery performance in later years
7) high insurance costs
8) very low resale values
9) disappearing government subsidies, which have “artificially” supported demand.
The CO2 reduction for 50,000 miles of driving an gasoline vehicle vs an EV is minimal, on a mine to graveyard basis, plus the gasoline vehicle can be expected to travel at least another 50,000 miles, whereas the EV would need a new battery, or be scrapped.
CO2 IS AN ABSOLUTELY VITAL FOR GROWING FLORA AND FAUNA; NET ZERO IS A SUICIDE PACT
https://www.windtaskforce.org/profiles/blogs/co2-is-an-absolutely-vital-gas-ingredient-for-growing-flora-and
Good list.
Rapid tire wear and concomitant particle pollution is another negative aspect.
You are right
So, 76% are actually ICE vehicles. BEVs are the only ones that don’t burn FF. I own 2 Hybirds which are just a more efficient and cost effective type of ICE vehicle. My son has a PHEV which has never actually been plugged in since he lives in an apartment without a suitable place to plug in. BEV sales are up some, but that seems to be the result of heavy discounting. The only manufacturers making money on BEVs are Tesla and BYD. All traditional car makers have admitted that they lose money on every BEV they sell. I Don’t think they can compensate by increasing sales volume.
Thanks for the interesting chart. I wonder whether there was a race to beat the tax credit expiration coinciding with a race to liquidate inventory. The important data will be the same chart in 2028. For that year, the obvious confounding factors will be gone.
I think one of the issues might be that new ICE cars are, well, crap. Too many tech things that can and do go haywire and expensive to replace, often by the dealer because car fixing is increasingly phased out to older cars. And no car manufacturers are making reliable uncomplicated ICE cars. Technically they could but the focus is on hybrids atm. I think the tech is getting better every year. Ive seen a spreadsheet outlining all the differences between ICE, hybrids and full EVs by brand.
Not an easy choice to make. All in all Tesla actually came out quite well.
There is a reason why older ICE cars are rising in price. Im holding onto mine( 2007). It can actually be fixed cheaply.
Because everything is in flux. That linear transition to EVs is very doubtful.
We live in highly uncertain times.
Several bubbles bursting at the same time..
Based entirely on car registrations.
Nice attempt at misdirection, Nick!
Based on the hyperlink that you provided, those pie charts reflect the percentages of car registrations (i.e., ~number of cars sold) in Germany for the stated time periods, not the percentages of monetary value earned from sales related to those registration numbers.
To calculate what amount of “making money” is involved with those pie charts, one would would need to factor in the average profit per unit sale (less taxes, delivery fees, etc.) for each category of vehicle, which you obviously didn’t do.
In other words, one petrol-powered Mercedes-Maybach S-Class mass-produced, non-limited luxury car (often sold in Germany at a price at or exceeding €186,000) would bring in more profit to its manufacturer than would five Dacia Spring Expression Electric 70 cars (the cheapest new EV in Germany, with prices starting at approximately €15,700 following brand bonuses).
You could benefit from an understanding of economics.
As is often noted here, EV’s are still generally more expensive than equivalent ICE cars. So your objection fails there.
But also it could not explain the very large increase in the share of EV registrations.
Good grief! You totally missed the concept that it is net average profit per unit sale for each category of cars specified in your pie charts that is most important in “market share”. The average unit cost is immaterial to such.
Again, taught in Economics 101.
But you have no evidence that EVs offer less profit. A higher price leaves more room for profit.
Again, you got it wrong. It was you, not me, that produced the pie charts that did NOT say what you claimed they said.
Therefore, it is up to YOU, not me, to provide the “evidence” to support your currently-baseless statement.
Nick,
Why quote German experience?
German decision making has been a disaster since 1900.
What other country can list two lost world wars on its national C.V.?
Geoff S
Geoff,
The article cited is from Germany, and based on another German article. The firms cited as having problems are German.
It’s the usual WUWT story. A totally fact free discussion proceeds untiul I throw in some data, which destroys the narrative. Then everyone says I should have produced some other data. No data to support the claims in the original article are produced; in fact, the claims seem to be forgotten.
I wondered why China’s EV boom was happening. Apparently it has big problems
https://www.upi.com/Top_News/World-News/2026/04/19/electric-vehicle-industry-face-overcapacity-many-companies-bankruptcy/8441776643217/
Yes the Chinese market has stalled it is going to in the same boat as the Chinese property market Mr Xi is going to end up buy them all and giving them away.
The same happened to many solar panel producers in China in 2024. Too many companies, huge overproduction, and large financial losses and bankrupt companies.
So, just simple market rules then. Companies SHOULD go bust.
“Like everything else in the Green Movement, electric mobility too is turning into a giant money burning pit.”
A serious question. Does this apply to all EV manufacturers or just those not named, “Tesla”? What is Tesla doing that GM, Ford, Chrysler, VW, MB, Toyota, Honda, Nissan aren’t doing? Is Tesla making any profit selling EVs?
Tesla has the first-to-market advantage and makes a lot of revenue from the supercharger network, but their net income peaked in 2023 and has been falling ever since. Last year their net income was 4bb on a revenue of 94bb. In 2023 it was 20bb on the 96bb. They’re maybe four years away from making a loss.
Copilot AI tells us …
“Tesla’s filings historically show:
While the search results didn’t include explicit gross margin by segment, the Automotive segment dominates gross profit because:
Thus, most of Tesla’s $17.1B gross profit in 2025 comes from Automotive products.”
My grandfather used to buy one share of stock in many companies just for the annual reports.
You do know that there is a big difference between revenue and profit?
Tesla has always benefited from being able to sell at a premium based solely on the name.
Since the subsidies started running out a few years ago, their volumes and profits have been falling, just like the rest of the industry.
“1) high purchase prices”
No mention of exorbitant labor unions? Regardless of type of vehicle.
In Australia BEV’s – (not hybrids, as hybrids have a ‘naughty’ ICE engine) have been for sale since 2010.
The current share of total registered vehicles in Australia that is a BEV (not hybrids) is………….1.6%
Sixteen years of sales to reach 1.6%! or simply 0.1% p.a.
Case closed…
“Robots Everywhere: The First Look At Tesla’s Giant Semi Factory”
Is Tesla going to lose a fortune on this factory? Are truckers going to buy them?
A government mandated niche, especially in California has been created for these vehicles. Autonomous driving will likely compensate for technical shortcomings in long-haul markets.
In the EV school bus market, billions of dollars worth of EV buses are being left to rot in fields unused because they are not fit for purpose, despite costing triple the price of diesels, paid for by taxpayers.
Government excels at privatizing gains and socializing loses.
So, CA might mandate them but a trucker that drives all over North America won’t buy one just because CA demands it- unless they only drive in CA. But Tesla is gearing up as if EV Semis are the wave of the future.
Wow, sucked up couple billion dollars of tax payers’ money and still failing. Seize all their assets and get our money back.
Tax payers are left holding the bag unfortunately because assets after bankruptcy are virtually nil. Investigate Lion Electric as an example.
Then it is time to release their names publicly and let those stolen from settle the issue. Same treatment for child molesters and rapists. Courts refuse to do their jobs? Add them to the list.
Where have all the EVs gone
Long time passing
Where have all the EVs gone
Long time ago
Where have all the EVs gone
Gone to junkyards every one
When will they ever learn
When will they ever learn?
Proterra was an EV bus maker that served municipal markets. It went bankrupt in 2023, leaving a wake of disappointment and lost tax payer dollars. They cost more to purchase, more to operate and generally perform poorly. The following illustrates what happened in numerous localities.
You really can’t fix Stupid.
They should have done a trial run with TWO buses to see what they can offer to the Transit system, but they instead because they are stupid buy many quickly of vehicles that are brand new and never used in this way.
The mayor said they always conduct extensive safety and functionality testing. Being a democrat politician, it would be difficult for anything she says to be true.
As long as extraneous influences are applied, i.e. government subsidies and/or mandates, any sales data is worthless.
In January 2022 Ford stock price was $23.63. Now it is $12.79.
I think I see a problem.
“Germany’s online Blackout News here reports that the global automotive industry is facing a “potentially existence-threatening crisis””
Would an “existence-threatening crisis” also be known as an existential crisis? I thought the world was done with that phrase finally.
“Approximately 45.5 million persons residing in Germany were employed in February 2026”
What is the potential that 45.5 million Germans all decide to walk or ride bicycles to work this year? I know the probability for all 163 million working Americans is about zero, but maybe Germans have gotten different-er since I last visited.
“Tesla has made over $11 billion by selling regulatory credits to other automakers since 2009. This revenue has significantly contributed to Tesla’s profits, accounting for a substantial portion of its income.” So says DDG Search Assist
People don’t realize how deep and deceptive the AGW hype went. Governments, industry, and businesses were all targeted along with the people. Governments will lie their way out of the deception. Industry will pay the price along with the people.
The manufacturers have themselves largely to blame on this issue since they colluded with governments to get on board to fight a mythical climate crisis. They figured that a combination of consumer subsidies and government mandates to force purchase of EVs would spur sales regardless of these machines being overpriced. Had they properly surveyed consumers on the issue they would have found there was an underlying skepticism about any climate threat from the outset and this grew as people didn’t see anything beyond the usual weather fluctuations except rising costs to combat what was never happening anyway. Now that the manufacturers realize they’ve been taken, they deserve to swallow their losses for trying to promote, if not a full-scale scam, a large exaggeration.
It’s true manufacturers were/are doing the wrong thing but you can blame government for that.
While Western EV manufacturers may generally be making massive losses – Musk\Tesla being a probable exception, CCP manufacturers are a slightly different story.
Factor in government support and\or subsidies at the point of manufacture, as in CCP China, then further government subsidies or credits at the point of import and\or sale, as in the case of Australia, and it’s not entirely clear if EVs actually need to be sold to even make money – simply make them, dump them overseas, and walk away with a fat bundle!
Add in the fuel crisis – minimal concern in America outside California, but a major crisis veering into an existential one for Australia or Europe, and there’s a hefty uptake on ‘non-fossil fuel powered’ vehicles. I say ‘non-fossil fuel powered’ vehicles because odds are EV electricity is derived from coal or gas.
It’s a small price to pay for saving all the school children who were in danger on EV buses pushed by politicos and car carrier crews sent out to sea with ticking time bomb luxury EV cars from Germany.
Simply, where is the benefit from adding a ton or so of weight to your car, as batteries?
End of story. Geoff S
The benefit is that you feel virtuous and a step above the neighbours in social rank.