Essay On EVs, Part 2 -- A Snowball Rolling Downhill Story -- February 22, 2024

Locator: 46910EVS. 

Before we get started, over the weekend, I made one huge prediction to a reader in a sidebar (see comments on the blog): cars are going to get a lot less expensive this summer. Just one prediction all weekend, LOL, and that was it.

This morning, his headline: Jeep lowers prices for more sales. Link here.

EVs: a snowball rolling down hill.

• Part 1 here.
  
• this is Part 2 -- it looks like this is turning out to be a huge story
• Part 3 -- added February 27, 2024.
  

My theme: even the rich don't like EVs, and that's really, really bad news for those trying to sell them

• those reasons that folks aren't buying EVs -- they're all excuses by EV advocates
• few automobile manufacturers are willing to admit the obvious: 
• this is not an excuse, this is the reason why EVs are not selling: Americans don't want to buy EVs
• it has nothing to do with cost, range anxiety, infrastructure. They're all part of the equation and Americans will mention any number of them as "reasons" not to buy an EV, but at the end of they, "they simply don't want to be tethered."
  

Today's headlines:

BYD: announces a new $233,450 EV Supercar to rival Ferrari, Lamborghini

• Lamborghini: surging; up another 1% today; at all-time highs; and I put Ferrari (RACE) on my bucket list about a year ago and have been accumulating shares, though will probably hold off for now

WP: when you've lost The Washington Post, you've lost the war:

WSJ: why Rivian, Lucid, Polestar will struggle; knights on white horses; scorecard here.

• Amazon for Rivian
• Saudi Arabia for Lucid
• Polestar: the Volvo knight fell off his horse, but still out there.
  

Ford Lightning F-150: previously reported; the Verge; Ford is still holding back on full story;