General Discussion Topics, page-121927

Good work linking an article from July!

DETROIT, July 11 (Reuters) - The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data.

Rising inventories and price-cutting could represent only a short-term pause in EV market growth. But they could be signals that boosting U.S. EV sales above the current 7% market share level will be more costly and difficult than expected, even with federal and state subsidies.

It's relatively irrelevant, EV's that people want are selling. Tesla has no issue and Ford is moving every F150 it can. TBH most of GM's EV portfolio is rubbish and Tesla has absolutely decimated the market with its price cuts.

Hyundai Ioniq 5 in the USA is 41k for a 125kw motor with 220 miles of range. A model Y is is 42k with a 220kw motor and 260 miles of range. But you get the $7,500 tax credit bringing it down to $35.5k.

Its actually really interesting what has happened in the USA as it makes EVs made in the state cost comparable to a petrol car. It's screwed over the importers though who cannot compete with Tesla or EVs made in North America.