The EV market and EV battery market have diverged. Diverged.
I think some folks are forgetting this.
But, the grid (think AI / data mining / crypto) is going to need obscene amounts of new electricity. And storage.
Utilities have been buying "storage" as fast as they can raise cash to do so. That will continue. Next, those industries that rely on electricity won't trust the grid: they will build their own power plants and they will -- except possible nuclear power plants -- will make batteries part and parcel of their factories to insure uninterrupted power supply when the grid occasionally -- but ultimately -- fails. From the very beginning, I've always considered Tesla a battery company. I was half-right. Tesla is a battery company and a software company.
The fact that Northvolt declared bankruptcy is a bigger story than most folks realize. I would argue that investors no longer see the EU as a growth story: it's not going see the amount of electricity demand that will be seen in the US.
November 22, 2024: will "2024" go down as the year that the EV fad died? The IEA is predicting a glut of oil next summer and the price of gasoline will plummet. So, we have a one-two punch. Consumers don't want to buy tethered vehicles, and the price of gasoline will continue to fall once Trump assumes office.
November 22, 2024, Northvolt EU EV declaring bankruptcy: link here and here, The NYT. And there's more: link here. Hard to believe, the blog first noted this company a little over a year ago: link here. Lasted almost as long as Matt Gaetz. LOL.
Original Post
DigitalTrends: link here.
Northvolt EU EV declaring bankruptcy: link here and here, The NYT.
Jeep: prices have gone through the roof; buyers are bailing; dealers are furious; how not to run a auto manufacturing business. Link here.
Auto worker wipeout, MSN: link here. Why car companies are cutting thousands of jobs.
Cheap EVs: google hertz's tesla fire sales continue -- full article here --
EVs: by now, we should be further along. Link here.
“Issues like charging infrastructure, high upfront costs, and potential lifestyle disruptions continue to deter many from making the transition,” Accenture says.
Meanwhile, charging infrastucture has continued to expand this year in the U.S., led by networks such as ChargePoint, Tesla’s SuperCharger, and Electrify America.
Wholesalers such as Costco and Walmart are adding EV-charging capacity. But the race to make EVs more affordable is facing hurdles now that Chinese-made electric vehicles face stiff tariffs in both Europe and America. [And the article doesn't even mention EV credits are likely to go away under Trump.]
Trump to end EV credits?
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