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Originally Posted by 90503
Remember when we were told how much less expensive EVs would be to build? Fewer components than ICE cars, ease of assembly, common platforms, no mileage tests or certifications that ICE required, etc. What a cost savings bonanza!! Even the affordable Bolt is history. But wait! The Equinox will do the job! (Probably won't last long as profits are King)..lol And now this...Promises, promises...The EV Transition now comes to grips with reality and the platitudes and hype won't save it. Bring back the common sense of ICE cars and end this EV madness...
Probably all in the plan from the 2017 Decision to go all EV by gm...lol...Oh well. Not surprised really. The EV scam continues....
https://insideevs.com/news/670573/gm...arket-ev-soon/
From the article:
"GM CEO Mary Barra rarely talks about Tesla, and she almost never praises the company or gives it credit for any of the success EVs are having today. Nonetheless, she recently admitted that the US EV maker does currently hold the lead in the fully electric space when it comes to technology, profitability, and scale.
According to Electrek, Barra made the mention during a Sanford Bernstein conference. She spoke about the situation as it stands today and made it clear that she's aware Tesla is leading. She also hinted at General Motors overtaking that lead, but didn't come right out and say it.
If you've been following CEO Barra and GM's EV plans over the years, you may know that the automaker promised a whole host of electric cars coming to market by now, with many affordable enough for mass-market adoption. However, sadly, only a handful of copies of very pricey EVs have hit the market: the GMC Hummer EV and Cadillac Lyriq. Moreover, the company has decided to discontinue its most affordable options: the Chevrolet Bolt EV and Bolt EUV.
Soon, however, GM will woo audiences and attract buyers with its affordable Chevrolet Equinox EV, with many more similar options coming thereafter.
After admitting that Tesla is currently leading, Barra when on to say that she just doesn't see profitable EVs coming to market with $30,000 to $40,000 price tags until the end of the decade, or perhaps even later. It seems she's indirectly pointing out that even though Tesla has the lead now, it doesn't (and can't soon) offer affordable mass-market EVs, so its lead could be temporary.
Barra went on to talk about profits, noting that the cost of making an EV is still so high that you can't sell them at low prices and still make money. Yet, GM says it's bringing the Equinox EV to market soon with a $30,000 price tag. Meanwhile, Tesla has dropped its prices many times this year, it does offer "affordable" EVs, and it's still making lots of money.
There's not a whole lot about any of this that makes much sense. Should we expect to wait until the end of the decade or longer for Chevrolet to bring the Equinox EV base model to market? By then, is $45,000 the new $30,000? When will GM make a profit with EVs and bring an onslaught to market to be the true leader?"
You have to believe that "affordable" is whatever higher price they keep coming up with. The Bolt was 26K. The Equinox is said to be less expensive for them to build than the Bolt, but it costs 4K more just to start. Whatever their lowest priced unit is, it will be the least profitable and won't survive. Even Barra basically admits the Equinox is already a loser.
The car-buying public was sold a bill of goods about a mass-marketed, affordable EV. They will likely never exist, unless you believe their definition of affordable.
gm is kidding itself about its own reputation, success and popularity. If the public likes it and it's not expensive, you know, gm will just get rid of it. |
Not much to disagree with. So far GM has over promised and underdelivered. Even the highly taughted Lyriq was rushed out with limited trims and drivertrains and if I read correctly sold fewer than 500 last year. Bolt and Bolt EUV sales are way up but combined less than 50,000 units.
As for cost? There will be 2 measures in the very near future. Will GM hold the sub $30,000 for the Equinox? And second, will they hold $39,000 for the Silverado EV Worktruck. Ford has already jacked the Lightning.
I’ve seen multiple crossover graphs that showed when batteries take over in cost over ICE none were years ago so they aren’t really behind. But the EV naysayers are locked into today only. Todays technology, todays infrastructure. All are being worked on every day. Hyundai/Kia, BMW and a few others have abandoned ICE development. GM thus far has not. But they didn’t do it for politics they did because they see the future, not today.
If you look into it, you will find the batteries that will go in vehicles 5 years from now don’t exist yet. It’s that dynamic.
As for the Bolt and Bolt EUV (EUV is in consideration for my retirement mobile but mostly because used Corvettes are ridiculous or you get one that’s affordable but has 120,000 miles ), Mary hinted they might be back but on the Ultium platform.
But you do make a great point. Today you can still get a decent car for $25,000. Spark and Cruise are gone so not sure a sub $20,000 even exists anymore. Maybe a cheap Hyundai? So it’s not so much EVs are expensive, but also it simply isn’t profitable to make cheap cars in the US.
Time will tell how this plays out. Hydrogen still lurks in the background and IF we ever get cheap hydrogen the equation may shift. But just like today where fast charging require water cooled cable for the heat, hydrogen require 10,000 psi to store. Both a bit more daunting than sticking a fuel nozzle in a fuel neck and pumping gas for a few minutes.
The hardest part is even at todays prices gasoline/diesel is super cheap, easy to store and transport. Nothing comes close for cost or convenience.