Quote:
Originally Posted by redpoint5
I've read the same from several sources; that EV sales are plateauing. On EV forums, there are some that believe Toyota is hosed because they are hopelessly behind in EV development, and there will be no ICE demand in 2 years 
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The sales data that we have today says that is take is wrong. Through the 3rd Quarter 2023 EV sales were up 50% vs 2022 and they were the fastest growing segment by far. What actually did happen is the the rate of growth dropped. In 2022 EV sales increased by 65% over 2021.
The other thing that has happened is that some automakers increased EV production too quickly - which lead to inventory sitting on dealer's lots for a bit instead of getting sold before they rolled of the transporter.
We should have 4Q production numbers in a week or so.
Tesla's number are in. They sold 455,000 vehicles in 4Q2023 and 1.8 million for the full year. (That means they missed their 50% YoY growth target for the 2nd year in a row)
Tesla also lost the EV sales crown to BYD in the 4th quarter. BYD sold 526,409 EVs in the 4th quarter and 1.6 million for the year. They also build 1.4 million PHEVs.
BYD is rapid expanding outside of China and I wouldn't be surprised if we see them in the USA by the end of the decade. They are currently scouting for a site in Mexico to build an assembly plant so they can avoid import tariffs.
Quote:
Originally Posted by Piotrsko
If you dont pay management millions of dollars, thats millions of dollars you don't need to make profit for. Multiply by all the people at the company getting +million salary, divide by total production units, and what the vehicle costs to make after materials and labor costs is significantly reduced. Management is a cost, not a generation of profit
Seen studies where union labor reduces costs and improved quality, but not in 'Murica
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Nope. Executive pay is WAY to high but it is a rounding error when it comes to an automaker's cost. Zero out the GM C-suite's salaries and you would save $12 a car. ($72 million / 5.9 vehicles)