Saturday, July 1, 2023

EVs -- Mid-Year Review -- June, 2023

Locator: 44854EVS. 

In my mid-year review, I state the following:

EVs

the universal supercharger plug: Tesla NACS

  • Tesla owns it
  • all other supercharging networks will fold by 2025

transition: adoption of EVs will not unfold as expected

  • RIDE: darling of Wall Street declared bankruptcy
  • #1 global brand: 2Q23 deliveries to be announced shortly; will provide clearer picture
  • more and more, EVs seen for elites; very, very expensive
  • once one has an EV, one thinks about re-charging 24/7; the issue lives in one's mind rent-free
  • we should start seeing stories on repeat buyers; used EVs for sale: won't be a pretty picture
  • for 90% of Americans, switching to an EV is a bridge too far

Let's take a look at just how accurate these two statement are

  • more and more, EVs seen for elites; very, very expensive
  • once one has an EV, one thinks about re-charging 24/7; the issue lives in one's mind rent-free

From The WSJ, two days ago:

  • the 2024 Dodge Hornet R/T
  • "made for America" -- actually not: made for California
  • a plug-in hybrid -- which I think are even less popular than "full" EVs
  • they're not even "real" EVs;
  • purpose of automobile:
    • an anchor baby
    • helping Stellantis meet fuel-economy and air-quality numbers in California
  • price
    • writer considers it "pricey" -- that's an under-statement
    • base price: $40,935
    • price, as tested: $53,245
  • EPA fuel economy: 29 mpg combined (are you kidding me)
  • charging time: 2.5 hours (Level 2) -- are you kidding me
  • range: runs on gasoline when traveling cross-country; can charge overnight at hotels

bottom line:

  • $55,000 for a "KIA cross-over"?
  • produced to meet California requirements so Stellantis can sell their ICE cars in that state
  • hood ornament: less cachet than a Porsche, Mercedes, BWM

The reason their combined fuel mileage is 29 MPH (for a compact, yet):

If you have to ask, yes:

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