I think some will go out of business.The whole industry seems to have lost steam. Is it time to jump in with low valuations?
It does seem like maybe there are too many manufacturers right nowI think some will go out of business.
Ev cars have more depreciation than ice.
The whole industry seems to have lost steam. Is it time to jump in with low valuations?
A couple of stories today how the US government is really concerned about Chinese electric vehicles coming into the marketplace with tracking technologies to gather information. I know it sounds a little paranoid at first, but there is some truth to this.Who can say how this will all shake out, and no one really knows until BYD (Chinese EV maker - now the largest player in the industry) enters the north american market.
Don’t get me wrong, I don’t want Chinese EVs harvesting my data. But I also don’t want American EVs harvesting my data. Which is a massive down side to purchasing any new vehicle.There's undoubtedly some legitimacy to the privacy concern. Its also an undoubtedly true that US automakers are lobbying/looking for absolutely any pretense to keep low cost chinese EVs out of north america based on whatever reason they can find. Its the new 'chicken tax'
It becomes a story for low end investors like me when people like Michael Campbell are writing about itNot exactly a new story. Rivian went public in late 2021 @ $130/share. Within 6 months it was trading at $25/share. For the past 18 months it has been floating along between $25-12/share, but recently hit a low @ $11.05 (today's price). Its a great product, and I would take a Rivian over virtually any other vehicle on offer today - but I wouldn't invest (gamble) my money on their stock.
Who can say how this will all shake out, and no one really knows until BYD (Chinese EV maker - now the largest player in the industry) enters the north american market.
Do you have some numbers to support that statement? There's so little back history, I find the trends are extremely hard to read.Ev cars have more depreciation than ice.
Other aspect is repair-ability.. if a vendor wants almost new or more than a new vehicle for a replacement battery pack should need arise. Hopefully this will become less of an issue over time.Do you have some numbers to support that statement? There's so little back history, I find the trends are extremely hard to read.
I think it's already a non issue. Save for the one story about a gouging shop on a first generation obsolete battery that got way too much coverage (for some straaange reason)Other aspect is repair-ability.. if a vendor wants almost new or more than a new vehicle for a replacement battery pack should need arise. Hopefully this will become less of an issue over time.
Not that strange, anything that evokes strong emotional reactions (fear/anger/schadenfreude) drives engagement = ad revenue $$. Nothing like a story of someone getting ripped off to get all the naysayers worked up into a froth.I think it's already a non issue. Save for the one story about a gouging shop on a first generation obsolete battery that got way too much coverage (for some straaange reason)
YepNot that strange, anything that evokes strong emotional reactions (fear/anger/schadenfreude) drives engagement = ad revenue $$. Nothing like a story of someone getting ripped off to get all the naysayers worked up into a froth.
How does that translate into % values though? Is there a chart or a table somewhere?Other aspect is repair-ability.. if a vendor wants almost new or more than a new vehicle for a replacement battery pack should need arise. Hopefully this will become less of an issue over time.
Every week a new oneNot that strange, anything that evokes strong emotional reactions (fear/anger/schadenfreude) drives engagement = ad revenue $$. Nothing like a story of someone getting ripped off to get all the naysayers worked up into a froth.
Is it statistically significant? Let’s go with your claim of one dud a week. ~ 1.3M EVs were sold in North America in 2023.
Is it statistically significant? Let’s go with your claim of one dud a week. ~ 1.3M EVs were sold in North America in 2023.
52/1,300,000 = %0.0041 chance of getting a turd.
Let’s bump up that failure rate by 2 orders of magnitude, so 5200 turds per year. 0.41% failure rate. Still pretty small.
Lemon laws were introduced long before EV’s were a sparkle in our eyes, so it’s not like this is some sort of new thing exclusive to EVs.
I’d fix it myself.Would you buy a used leaf?nits not that it’s broken it’s that no one will fix it