Ford-ditches-new-EV

To be fair, automobile manufacturers have given up on thousands of ICE projects. Markets change, and it's prudent to follow those trends. It has never meant they've given up on ICE vehicles, though.
 
Although bumps in the road are clearly evident, EV sales continued to increase:

Screenshot_20240821_151759_Chrome.webp
 
No dear, that 2024 chart will be a different story.
From PwC:
Total EV sales grew in the US by 14% in the second quarter of 2024 when compared with the same period last year. As in the top European markets, much of that rise can be explained by the growth in hybrid sales, which grew by 28% year on year. In contrast, ICE sales decreased by 4% in the same period.

As a result, the year-to-date electrified market share now stands at 19%, higher than at any time since we started recording electrified sales in 2014. BEV and hybrid market shares are at 7% and 10% respectively, while PHEVs make up a low 2% in the second quarter of 2024.
 
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Wow. I heard it was expensive and took up a third of the bed. I didn't know it was another thousand pounds, with potentially a hundred or so pounds of world saving lithium hexafluoride.
People should really look up what some of these chemicals do when released into the environment.
And when mined from the environment.
 
The whole concept of a 150K EV SUV is flawed from the start.
Good that Ford recognized this before shoveling any more money into a bottomless hole.
That EV sales may be slowing is arguably true.
That this somehow signals the end of potential in EV development and sales is not.
It may be that Ford and GM have not found the right product that can be sold at the right price to achieve much success to date. Doesn't mean that neither sees a future with EVs making up an ever growing share of new vehicle sales, as seems destined to happen.
 
From PwC:
Total EV sales grew in the US by 14% in the second quarter of 2024 when compared with the same period last year. As in the top European markets, much of that rise can be explained by the growth in hybrid sales, which grew by 28% year on year. In contrast, ICE sales decreased by 4% in the same period.

As a result, the year-to-date electrified market share now stands at 19%, higher than at any time since we started recording electrified sales in 2014. BEV and hybrid market shares are at 7% and 10% respectively, while PHEVs make up a low 2% in the second quarter of 2024.
Does electrified market share at 19% mean EV and hybrid together? Can you break out the shares?

We would all like to know source for your statistics.
 
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Does electrified market share at 19% mean EV and hybrid together? Can you break out the shares?

We would all like to know source for your statistics.
PwC
I used to work with several ex-PwC analysts on major custom business application projects. All financial, mostly forecasting and operations. Smart guys, in my experience.
 
It may be that Ford and GM have not found the right product that can be sold at the right price to achieve much success to date.

GM had the right product at the right price... the Bolt.

Problem was profitability. Hopefully next years Ultium powered Bolt can deliver profitability because everyone I've ever talked to with a Bolt LOVES it. And I love my Bolt too! Do I wish it was bigger? Sure. But it's a value KING.

I also see a ton of Mustang Mach-Es around here.
 
In my family, I'm the guy who likes EV's for all the right reasons (Fast!)

My wife on the other hand, insists on a conventional V8 for our next truck.
 
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