EV Price Discussion

[Snax]

Originally Posted by redpoint5

Most couples make $90k combined, who are also purchasing a new $40,000 car.

Not sure where you are getting $90k. That's not the median for a single state, much less the nation.

This is a few years out of date, but close enough.

[RedDevil]

Originally Posted by JSH

Nobody cares that Tesla is the number 1 EV manufacturer. What investors care about is earning per share and the stock price.

Hyundai will exist in 10 years. Tesla is still a question mark.

Again, there is nothing for mainstream automakers to learn from Tesla. Tesla's primary benefit to the industry is showing that there is limited demand for EVs.

Investors market analysts were pretty certain a year ago that Tesla would not make a profit in 2018 and would need substantial additional funding.

One year later Tesla has had a year with some setbacks but nonetheless managed to double output without additional funding and even made a profit over the last 2 quarters. Tesla has also increased its cash reserve and inventory.
Tesla acquired Grohmann automation, who served the whole EV business, and is in the process of buying Maxwell Technologies as well.
Anyone could have bought those essential companies, but only Tesla did.

And the analysts? They now say Tesla falls short on expectations...
Whose expectations?
They completely forgot to reflect their own past predictions. Just google some of the more vocal critics and see how their predictions evolved over time.

British Leyland employed 250,000 in its heyday. Ten years later the group did not exist any more. What remained were splinters and most were laid off...
Hyundai better keep in touch with the sign of the times.
Volkswagen got it - at least, it seems so.

[redpoint5]

Originally Posted by Snax

Not sure where you are getting $90k. That's not the median for a single state, much less the nation.

This is a few years out of date, but close enough.

That's why I used the qualifier "who are also buying a $40,000 vehicle".

My guess is that most households purchasing a $40,000+ vehicle qualify for the full $7,500 credit, or at least the majority of it. I'd think most households spending even $35,000 on a new vehicle can also qualify for the full credit.

[Snax]

So has VW just committed to an $80B quagmire?

https://www.reuters.com/article/amp/idUSKCN1PV0K4

Their goal is 3 million EVs annually by 2025.

[redpoint5]

Maybe VW can become the reliable car company in the process.

[thingstodo]

Originally Posted by Snax

So has VW just committed to an $80B quagmire?

https://www.reuters.com/article/amp/idUSKCN1PV0K4

Their goal is 3 million EVs annually by 2025.

So ... have they announced that their goal has shifted from releasing at least one new EV announcement a week but no vehicles at all ...

To actually producing the 3 million EVs ... or will they produce 3 million EV announcements per year?

[Piotrsko]

I dont see where European manufacturers get a choice at all any more, seems the EU is demanding ev use in cities.

300 miles between EU cities just doesn't happen. 300 miles between countries,,,,

[redpoint5]

If I lived on an island or the EU, I'd have traded all but one of my vehicles to EV by now.