That would be an expensive generator.
Has enthusiasm for electric cars waned?
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Maybe not, when we had the big outage the gas stations could not pump gas and I had a gas generator at that time. I had to drive about 10 miles to a gas station in another town and fill 5 gal cans. If that would have been an EV I would have been worse than screwed once the battery went empty.
Cheaper than a Tesla Powerwall - isn’t it?
https://www.tesla.com/powerwall
The same capability, if not capacity, is already being sold.
This way, I get that capability as well as transportation.
Manages short term outages.
I live in hurricane country. We lose power quite often, through generally not for a long time.
I’ve considered a generator (we have gas to the house and a gas furnace). I would consider a powerwall if I had solar. Perhaps the EV > inverter > house will be a viable alternative to both.
https://www.coxautoinc.com/market-insights/q3-2023-ev-sales/
Notice who's crying about softening of the EV market?
Notice who's crying about softening of the EV market?
There is a new 6 figure car loan repro crisis, (most repros aren’t EVs )
So yeah we are in auto market correction/downturn territory.
People are tired of overpriced and lack of inventory and the upper end buyers are facing layoffs so it’s not surprising new cars of any type aren’t flying off the shelves
many EV owners are buying another ice, they usually are keeping the EV but their “other” car/truck/van/suv is aging out and they are replacing like for like.
Very logical, I’ve had an EV for decades and I always had it for city and gas for long distance, until decent PHEVs showed up that is how it had to be
I don't think the enthusiasm has reduced at least in my area. However the people who really wanted one already got one and there are people who couldn't justify spending that much on ANY car during an economic downturn, yes this includes the 60K crew cab too.
The talk of enthusiasm and all means nothing without a per month cost. Would I be interested in a 60k crew cab if it was sold to me for 10k? You bet. If someone sells a Model 3 for 15k would an urban cowboy buy it? Very likely as well.
Interest rate going from 3% to 10% is a lot, and stock prices aren't that hot lately so many around me are starting to reduce their play money, that would impact new cars.
The talk of enthusiasm and all means nothing without a per month cost. Would I be interested in a 60k crew cab if it was sold to me for 10k? You bet. If someone sells a Model 3 for 15k would an urban cowboy buy it? Very likely as well.
Interest rate going from 3% to 10% is a lot, and stock prices aren't that hot lately so many around me are starting to reduce their play money, that would impact new cars.
this is what I do if the power is out.
I don’t think most people would buy a car to power a house for the cheap price of around $1000 one can get a ICE generator with an unlimited amount of power.
But granted the solution sounds like it would work for you.
For other people running down a car battery might leave them without transportation.
Even more, I don’t think most people will make sure their car battery is charged at 100% all the time in case of the power outage.
For us In our area 16 straight years, the most we ever lost power was four hours.
In your case, hands-down, a natural gas generator is a clear unlimited power supply.
More than that, you could actually charge your EV with it.
I don't think people would buy a car to power a house either. Having said that it might depend on the region. I can easily convert a gas generator to run on natural gas, which we have in the area, and eliminate the problem with gas stations not being able to pump gas. The generator can run days on end w/o the worry of having gas on hand.
My interest in EVs is still there, I think they’re pretty neat as a second car. I’ve owned several trucks, diesel Tahoe, multiple suvs. I like all vehicles. My spare runabout 2021 civic I leased only gets 8k miles a year since I have a company vehicle. Wife in kids roll in the SUV which is gas and gets taken on big trips all the time. The civic rarely drives more than 30 miles in a day. A model 3 standard would be perfect for me and the torque would be fun.
I was going to buy one when this lease ends but with inflation and interest rates I can’t make a case for it. I rather put that money into more investments/savings/home projects. So I think for now in this market I’ll just buy out the civic lease and be happy. It does the job, the Tesla would do it too but cost more.
For my situation, a Tesla is a great second car and I’m sure I’ll grab one in a few years.
I was going to buy one when this lease ends but with inflation and interest rates I can’t make a case for it. I rather put that money into more investments/savings/home projects. So I think for now in this market I’ll just buy out the civic lease and be happy. It does the job, the Tesla would do it too but cost more.
For my situation, a Tesla is a great second car and I’m sure I’ll grab one in a few years.
Generators are quite common here on the coast, though they rarely get used.
Even if there isn’t natural gas, many areas, including a massive amount of new homes have propane, hot water, fireplace and gas stoves or cooktops. Those people elect to have propane generators as well, including many of my neighbors.
Whom by the way, 70% of them are from New York, CT, Long Island and think because they live in the Carolinas all of a sudden we’re going to get these storms that knock out power LOL
Propane is actually closer to gasoline in BTU range versus natural gas, natural gas produces less power. I only learned that since moving here.
Of course, natural gas is more convenient, but we have no option for that here
By the way, I’ll probably never have a generator for the once every 10 years I might wish I had one. It’s very simple to do. I haven’t made my mind yet.
GON
$150 Site Donor 2025
What is the market missing that you are seeing in GM?
GM shares are down 25 percent since JUL 2023, and GM shares are significantly underperforming hen compared to a five year S&P chart. Are you in the green in your GM shares? Are you adding to your position?
I would like it if I could use our EV battery to supply our house in the event of a blackout. Having said that, I cannot remember one in the past 20+ years, even though my neighborhood's infrastructure is old.
But with all the Teslas, Bolts and other EVs on my street there is sure to be some kinda blackout/fire/explosion or other calamity any day now..
Propane is a better choice, but hooking up a generator here to natural gas is a snap. In 40+ years of owning a house with natural gas the service has never been interrupted, even during Sandy.
You do know starting in July GM was negotiating, a new contract with the UAW followed by a strike.
Now selling at four times earnings or less.
Car sales up significantly profits up significantly.
Tesla selling at 60 times earnings, losing market share, sales are disappointing and profit margins shrinking.
Tesla is down 33% in the same timeframe.
Ask yourself, which one is the better buy?
The market isn’t missing anything the price as I see it is a bargain and why I bought just around 29 a share a week or two ago
As far as what the public buys and sells, that’s up to the person and risk they wish to take. Tesla is a wildcard no different from bitcoin. In fact, I think bitcoin is more stable but if I’m wrong, they’re pretty darn close.
GON
$150 Site Donor 2025
My speculation is GM will get out of the retail vehicle business in the next decade or so, and their business will be centered on government contracts.
No idea if GM will go bankrupt in my very wild speculation, but I don't see GM or ford being in the retail vehicle business over the long term. Just my two cents, and I have been wrong many times before
GM car sales are up, profit is not.
Are you looking at something different than their Q3 financial statement?
GON
$150 Site Donor 2025
I checked gm vehicle sales against the same quarter in 2019, and 2023 sales were down about 25 percent when compared to the same quarter in 2019 (pre COVID).
Sure, it is easy for GM to sell more cars this year because they were not prepared for the pandemic; specifically the chip shortage. As you say, 2019 might be more of an apples to apples comparison. Ford made a good move, IMO, by opening a tech office in Palo Alto to develop their own chip firmware. Vertical integration baby!
A generator is a lot less expensive. That electric vehicle still requires a charge. If 10% of the US owned an electric vehicle at this moment those blackouts would be a greater possibility with the cost of electricity would skyrocket. Hybrids YES! Fully electric-we’re not ready.