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Northen_munky

10,074 Posts.

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16/08/24

09:19

Post #: 75232305
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Originally posted by bubsmark: ↑

“The other BS talked here is that Merc, BMW, VW are all turning back to their ICE vehicles! That's total BS. They can't do that. There is no way of going back. They have to do something and make more and better EVs.”

With all due respect Anatol you can make statements like that not knowing what is truly happening. Unfortunately, that’s the reality. For the major OEM’s (outside of China) there is no profit in EV’s (take a look at the recent reporting from Ford, GM etc).

The only OEM that has turned off their ICE vehicles completely is the Vietnamese based VinFast. Now take a look how that is going for them? Biggest mistake they could have made. 75% of their EV sales are to companies that are owned by the majority shareholders. They had also planned to build an EV plant in the USA and have it operational by 2025. How’s that going? Now delayed to 2028 and I can guarantee you it will never get off the ground. Their sales volume in the USA are miserable.

You also quoted,

“I can't even think to buy a new ICE vehicle if I'd buy a new car. it'd be definitely an EV. I'm sure a lot people think like me.”

Fact. Five people within my office have recently bought new cars. Four ICE and one EV. AND they ALL work for an EV start up.

Expand

It's about price differential...

check out the difference between ICE and EV, and you will see why China leads in the uptake of EV..

The West will catch up..ICE is dying. The choice your colleagues made, i guess, will among other reasons, price choice, but may i add they have a vast ongoing cost with ,fuel etc...Over the lifetime of owning the car i believe you loose in hard dollars...

Big oil is partly behind, this manipulation they are trying to extend the life of their business...

Ev is here and here to stay...

Latets .

LTR Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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