Energy Investing - EV Sales in China compared to IC sales - Energy Investing - InvestorVillage


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Msg  535580 of 551707  at  12/3/2023 11:38:09 AM  by

john47m


 In response to msg 535577 by  us2u001
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Re: EV Sales in China compared to IC sales

China has no oil or nat gas....  they are dependant on other countries.... this is why they put so much effort in EV and build coal plants and Nuke plants to power them.....  
 
But just like here, only a certain percentage of people can actually use them....   Used mostly for short commutes etc....  At least they are selling many small cheap EV's which make sense for those that actually need them....  Here in North America most people buying EV are buying expensive secondary cars to supplement their ICE SUV etc....  and by those that drive very little in cities.... but even them it makes no sense economically even with all the subsidies.... 
 
It's starting to look like we are running out of people willing to buy an EV....  I would not be surprised if we don't peak in the next couple of years... a few more horror stories of 5 years old cars being scrapped because of $50,000 battery replacements will take it's toll.... I bet many cars won't even be able to find parts soon.... Manufactures can't make such parts in such low quantities as they would just cost too much.... and aftermarket won't either....  It's a train wreck happing in slow motion...


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