"of course there are many reasons y the tonnage has rightly plummeted but facts are facts..Brand new EV are piling up as we speak in EV graveyards with no loving homes for them to go to.."
What a load of balony.
Why anyone has liked this post has got me stumped.
Imagine posting garbage without any substantiated evidence.
Do you not read the news:
https://www.bloomberg.com/news/articles/2024-01-01/byd-posts-record-sales-quarter-to-challenge-tesla-at-own-ev-game
Not to also mention stepping outside.
I very rarely saw EVs in 2017-2020. There was 1 local employee for some business near where I work.
Fast forward to 2023 and I see handfuls of them on the daily now. (Perth WA).
So its not like I am exactly in the best state for seeing Chinese imports come in as well......
This price decline will see raw materials bought up like you wouldnt believe leading to lower cost EVs and even further uptake. It will drive a decline in supply as less producers will want to produce heavily or increase output of existing operations. This will then lead to the next lithium wave up.
But I suppose ignorance is bliss when you have your head buried deep in the sand.
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