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The economic crash of the electric car
The economic crash of the electric carGeolintel - Oct 29, 2023
The automobile industry is forced to slow down the electrification of its models.
This is the trend that predominates in the United States, and throughout the world, company managers are increasingly worried about customer rejection and the exorbitant prices of spare parts such as batteries.
Mary Barra, CEO of General Motors, admits abandoning her initial goals for producing electric vehicles. “As we move forward with the transformation to electric vehicles, things get a little more complicated.”
Elon Musk, leader of electric cars in the United States, signaled that the economic crisis would lead to a drop in demand. The CEO of Mercedes Benz described the electric car market as “brutal” with cars costing thousands of dollars more than thermal models.
Inflation will have been the pivot of the fall of the electric vehicle, supply and demand still dominate the automobile market, and when the consumer no longer has the means to buy a vehicle, it is the manufacturer who suffers. .
In addition, the electrification of the charging station network is late and continues to be supported by diesel generators which are easy to install on the motorway network. The European Parliament passed a law to install a charging station every 60 kilometers by 2026. But three years is an eternity, and drivers can't wait that long.
A journey in an electric car is a delicate experience where the pleasure of driving fades after a quarter of an hour to find the locations of the charging stations. A journey in an electric car is also lengthened by the recharging time which is long compared to the time it takes to fill a petrol tank. The electric car only had an urban future consisting of short journeys and less need for recharging.
As of October 31, 2023, auto insurance prices will skyrocket.
The tax exemption on insurance contributions (TSCA) for electric vehicles will end on December 31, 2023. A subsidized economy does nothing good, on the contrary it distorts the market creating an illusion for buyers. Let's also not forget the increase in the price of electricity which will make a full electric tank more expensive than a full tank of gasoline. Macron's government has asked insurers to moderate their prices in the face of the significant rise in inflation.
Ticket machine and terminal for electric cars.
Philippe Saby, general manager of the broker Sally Azar gives us an example of an increase:
“This can represent a 27% increase in the comprehensive insurance premium.”
The insurer's problem is also to prevent fires caused by electric battery fires when the car is in the garage of the house. This specific case de facto leads to an increase in home insurance of around more than 5%.
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Electric car: more than half of buyers regret
Electric car: more than half of buyers regretEquality and Reconciliation - August 08, 2023
A new study, conducted by the Danish startup Monta, specializing in the management of charging stations, shows that more than one in two owners of an electric vehicle would regret their purchase.
It is thus 54% of respondents, owners of electric cars, who say they regret their choice. […]
The major problem comes from the opacity surrounding the network of charging stations. EV owners complain in particular about the total lack of transparency regarding charging prices.
Things aren't going to work out either. Indeed, since August 1, 2023, electricity prices in France have undergone a substantial increase of 10% as part of the gradual end of the tariff shield.
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Danger. Consolidation of the electric car market is coming!
Danger. Consolidation of the electric car market is coming!Insolentiae – Jan 18, 2023
Tesla has just launched a price offensive with price reductions of up to 8.500 euros on the Model 3 in France.
Why such discounts?
Because it is a 17% drop in selling prices that we are talking about for the flagship vehicles of the Tesla brand.
So what's going on?
We spoke with David Jacquot about my analysis of the situation which is not insignificant in my opinion.
What Elon Musk has just done by embarking on the price war is to launch… the consolidation of the electric vehicle market and this will be hard on many manufacturers.
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Switzerland wants to ban electric vehicles to avoid power outages
Switzerland wants to ban electric vehicles to avoid power outagesDigital Dawn - 04 Dec 2022
Switzerland could limit the use of electric vehicles (EVs) in the event of a power shortage this winter, as part of a new four-step plan to prevent blackouts and blackouts.
To ensure energy security this winter, Switzerland could become the first country to limit the driving and use of EVs, German daily Der Spiegel reports, citing multiple media outlets on Switzerland's four-step action plan to avoid power outages.
Driving EVs could be banned in Switzerland, except for "absolutely necessary journeys", according to the third stage of the energy saving plans. The country is also planning for a stricter speed limit on highways in the recently proposed action plan, which has yet to be adopted.
Switzerland generally imports electricity from France and Germany to meet all of its electricity needs, but this year the supply from its neighbors is limited.
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François-Xavier Pietri - 100% electric car in 2035: at what cost?
insolentiae - 07 Nov 2022
This is one of the last programs of C à vous which tackled the subject of electric cars.
The electric car is ecological, economic, social and environmental nonsense.
It ticks none of the boxes for a “sustainable” future and yet our brilliant decision-makers have plunged both feet into it.
All electric, end of all thermal and technical and technological illusions of a bright future where we would all move in Tesla.
It will take batteries, nuclear power plants and… coal to recharge all these batteries!
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10 Facts EV Advocates Don't Want You To Know
Digital Dawn - 01 Sep 2022
There are a myriad of reasons why the left is absolutely determined to force Americans to ditch their private gas-powered cars and trucks in favor of unreliable public transportation and expensive electric vehicles (EVs), and none of these reasons has to do with "preservation of the environment".
The main reason the left loves EVs is that the process of forcing Americans to convert to electric transportation will forever destroy the incredible freedom and prosperity associated with private gasoline vehicles.
Instead, the future will be centrally controlled by wealthy elitists and their corrupt politicians, power-hungry bureaucrats and ideologically driven “experts”.
When Ransom Olds in 1901 and Henry Ford in 1908 sold America's first mass-produced automobiles (the curved-dash Olds and the Model T, respectively), they set America on the path to first open-road society of the world.
It took a few decades, but by the 1930s car ownership was practically a middle-class staple, which for millions of Americans meant the freedom to go where they wanted when they wanted. wanted to, without having to get prior permission from the government.
