Electric vehicle war, is gas soon to be toast?

[Barnes]

Just buy a trailer and a boat then you'll have to buy it.

[Street Pharmacist]

Originally Posted by Barnes

Just buy a trailer and a boat then you'll have to buy it.

Hahahahaha. I literally penciled this out to try and justify it.

I have a frivolous side, and a dominant side that gets severe buyer's remorse from buying an expensive pair of pants. Another vehicle payment would be an awful idea. Spending most of my cash savings for a vehicle is also an awful idea. Driving my neon green 2013 Hyundai accent around is also an awful idea

[indes]

Originally Posted by Street Pharmacist

Will be in need of a new vehicle soon and the local Ford dealership gave me a lightning to drive for 2 days. Good God that thing is a dream. The trouble for me is I don't have a trailer or a boat, and I spend about 14 minutes a day in my car. I can't justify $65,000 for a second vehicle. I can afford it, so telling myself no was incredibly tortuous. Being able to "afford" it is different than being able to "afford" it, you know what I mean?

I do, but I choose to ignore this at my own peril. Suck it kids.

[Street Pharmacist]

So I take possession of a 2023 Ford Lightning today...

[DoubleK]

Originally Posted by Street Pharmacist

So I take possession of a 2023 Ford Lightning today...

I'm so proud of you.

[Fuzz]

That sounds....electrifying.

[para transit fellow]

Originally Posted by Fuzz

That sounds....electrifying.

I would have also given points for "shocking"

[Street Pharmacist]

Originally Posted by Street Pharmacist

So I take possession of a 2023 Ford Lightning today...

Welp. Because BC likes making rules for the sake of rules and there's no one young enough to be working in Salmon Arm, I'm awaiting an out of province inspection on Monday in order to register a vehicle that was first purchased 14 months ago

[photon]

Oh man that would drive me insane.

Have fun, they look really cool, always fun with a new toy

[Fuzz]

Originally Posted by Street Pharmacist

Welp. Because BC likes making rules for the sake of rules and there's no one young enough to be working in Salmon Arm, I'm awaiting an out of province inspection on Monday in order to register a vehicle that was first purchased 14 months ago

What are the rules there? I think in Alberta it's 4 years before it's old enough to need one. 14 months is silly.

[Street Pharmacist]

Originally Posted by Fuzz

What are the rules there? I think in Alberta it's 4 years before it's old enough to need one. 14 months is silly.

It's 4 years if you own it and bring it over, but if you buy it and bring it there's no exception. It's ridiculous. I WANNA PLAY WITH IT!

[Fuzz]

Sounds like crony capitalism lining the pockets of BIG INSPECTION.

[calgarygeologist]

Originally Posted by Fuzz

What are the rules there? I think in Alberta it's 4 years before it's old enough to need one. 14 months is silly.

The 4 year exemption is only valid if the vehicle is registered in the "importers" name within BC, Sask or Manitoba. If it is a new vehicle purchased from our of province it is a 90 day exemption.

[I_H8_Crawford]

Originally Posted by Street Pharmacist

Welp. Because BC likes making rules for the sake of rules and there's no one young enough to be working in Salmon Arm, I'm awaiting an out of province inspection on Monday in order to register a vehicle that was first purchased 14 months ago

Brutal!

But have fun with it once you have it!

My EV is being worked on right now, so I got an ICE loaner.... just can't go back to ICE lol.

[Street Pharmacist]

Originally Posted by calgarygeologist

The 4 year exemption is only valid if the vehicle is registered in the "importers" name within BC, Sask or Manitoba. If it is a new vehicle purchased from our of province it is a 90 day exemption.

Same here. I hate it

[Street Pharmacist]

Let's talk about Toyota.

They have only built 1 EV (two if you include the Lexus RX which is just the same vehicle with a different branding). They've repeatedly said EVs aren't the answer and that hydrogen vehicles are the future (which has been shown to be completely asinine in previous posts). The EV that they did produce is purposefully aaaaaawwwwwful, and now they say their customers are telling them they don't want EVs. They've spent billions lobbying governments to delay electrification of transportation, and are outwardly anti-EV.

Global passenger car sales are declining. The only real growth stories in the auto industry are China, and EVs. And the growth story in China IS EVs. I'm not sure how sound of a strategy it is to go hard after market share in a declining segment, but here we are. There's been endless articles written about EV sales stalling out, but none of that appears to be true. Sales growth has decreased, but it's still growing fairly well. Take Ford, for example. The death of EVs was forecasted when Ford changed plans recently on developing a second F150 lightning facility in Canada to produce super duty trucks instead. However, lightning sales are up 86% year over year. In fact, overall vehicle sales for Ford are down 6% but their EV sales are up 18%. That doesn't sound like the death of EVs. The issue is expectations. Ford couldn't make them fast enough when they were producing 15,000 per year, so they made plans to make 150,000 within two years. They'll probably sell 40,000 this year, and sales are still increasing. That's still tremendous growth!

At a recent event for journalists, they only had one BZ4X and didn't have anything to say about it beyond showing it's existence. Their spokespeople constantly talk about how EVs are not right for "x" market because their grids are not fully renewable, even when that's misleading.

How long does this last before they become market laggards?

[powderjunkie]

Originally Posted by Street Pharmacist

Let's talk about Toyota.

They have only built 1 EV (two if you include the Lexus RX which is just the same vehicle with a different branding). They've repeatedly said EVs aren't the answer and that hydrogen vehicles are the future (which has been shown to be completely asinine in previous posts). The EV that they did produce is purposefully aaaaaawwwwwful, and now they say their customers are telling them they don't want EVs. They've spent billions lobbying governments to delay electrification of transportation, and are outwardly anti-EV.

Global passenger car sales are declining. The only real growth stories in the auto industry are China, and EVs. And the growth story in China IS EVs. I'm not sure how sound of a strategy it is to go hard after market share in a declining segment, but here we are. There's been endless articles written about EV sales stalling out, but none of that appears to be true. Sales growth has decreased, but it's still growing fairly well. Take Ford, for example. The death of EVs was forecasted when Ford changed plans recently on developing a second F150 lightning facility in Canada to produce super duty trucks instead. However, lightning sales are up 86% year over year. In fact, overall vehicle sales for Ford are down 6% but their EV sales are up 18%. That doesn't sound like the death of EVs. The issue is expectations. Ford couldn't make them fast enough when they were producing 15,000 per year, so they made plans to make 150,000 within two years. They'll probably sell 40,000 this year, and sales are still increasing. That's still tremendous growth!

At a recent event for journalists, they only had one BZ4X and didn't have anything to say about it beyond showing it's existence. Their spokespeople constantly talk about how EVs are not right for "x" market because their grids are not fully renewable, even when that's misleading.

How long does this last before they become market laggards?

I kinda understand the approach from Toyota (aside from the H bet). They basically achieved the pinnacle of building/selling ICE vehicles, particularly on the mechanical front. I can see why they wouldn't want to let that go easily, and it would take some hubris to assume that they could maintain that stature when playing catch up on a new tech - though they've largely managed to do so with their hybrids.

It's probably a no-win scenario though. I'm thinking of brands like Kodak and Blackberry, where the odds of them remaining 'champion' were probably low even if they put all their eggs in the basket of trying to compete in their evolving marketplace.

[Erick Estrada]

When you consider how quickly brands like Hyundai, BMW, VAG, etc have pivoted and manufactured some solid EV’s I think Toyota still has time on their side. They can continue selling hundreds of millions of Corrolas, RAV4, Camry, Highlander, etc. all the way through this decade as demand for their vehicles just keeps growing.

[Fuzz]

I think all the startups and growth in EV's have proven you can now get there pretty quickly, when you want to. Because sales and bigger profits are still in ICE, I think it's more a shrewd business decision than anything. They'll say whatever to keep moving, but I'd guess it's going to be about timing, and wouldn't be surprised if if 20 years history looks back on when companies went all in, and Toyota will look just fine(or better than most).

[Street Pharmacist]

I have to really disagree with you guys. It's one thing to make an EV, it's a completely different thing to make money making EVs.

As for startups, Fisker is belly up, Rivian has had everything go their way with Ford, Amazon and Volkswagen drilling up their bank accounts and they're still likely a ways off from being profitable ten years later. Volkswagen pivoted and now are in big trouble, and only really Hyundai has been able to pivot successfully. Ford and GM are making EVs at a pretty good loss at the moment.

The amount of investment is very high and with legacy ICE infrastructure and supply chains that have significant liability, you can't just flip a switch. I think Toyota had a good couple years and then things are gonna go south quickly by the end of the decade as the switch to EVs begins in earnest.