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Sunday, September 1, 2024

Nominee -- Geico Rock Award -- 2024

Locator: 48512GEICOROCK.

Link here.

Nominee: Andrew J. Hawkins, transportation editor, The Verge, from the Phil LeBeau School of Transportation.

From the linked article:

Let’s get one thing out of the way: contrary to what you may have heard, electric vehicle sales are up.
I know, recent headlines suggest otherwise.
  • Tesla sales are down.
  • Ford is scaling back its EV rollout.
  • General Motors is delaying an electric truck and holding back on investments in EV battery mining.
  • And Hertz is off-loading EVs as its stock price struggles.
  • Automakers across the board are losing millions — some are losing billions — as customer demand appears to have flatlined after an initial burst of excitement.
The vibe, as they say, is grim.
And yet, sales are still growing. JD Power is projecting that 1.2 million EVs will be sold in the US by the end of 2024, an increase over 1 million sold last year. That’s 9 percent of total vehicles sold, which has been revised down from a previous prediction of 12 percent.

Fake EVs will do just fine. Which are basically ICEs with a marginal kick. 

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