Everything EV Thread

[F1 Silver Arrows]

Bye Bye EVs….

https://www.reuters.com/business/autos-transportation/trumps-transition-team-aims-kill-biden-ev-tax-credit-2024-11-14/

The only EV company that will benefit from this is Tesla. 😂😂

I don't want Rivian and Lucid to go under. They're really cool companies that should represent the best of America. I hope the two companies start saying something so we don't have the new administration get rid of the tax credit.

 

[mikeavelli]

The only EV company that will benefit from this is Tesla. 😂😂

I don't want Rivian and Lucid to go under. They're really cool companies that should represent the best of America. I hope the two companies start saying something so we don't have the new administration get rid of the tax credit.

Yeah clearly a chess move for Elon. This won’t spur competition. That said then pull ALL EV funding to tesla as well. No more credits no more subsidies for charging stations etc.

The insane part is all these companies went to the tesla charger and tesla f__s em.

We need true competition and not to depend on tesla for charging.

 

[F1 Silver Arrows]

We need true competition and not to depend on tesla for charging.

True competition gave us nothing, which then gave us Electrify America/Canada, which are f*cking garbage.

 

[Flagship1]

True competition gave us nothing, which then gave us Electrify America/Canada, which are f*cking garbage.

Electrify America, the Vw Settlement terms right?

 

[CRSKTN]

People are positioning for huge redirection of capital investment to europe and china.

America has no idea what theyve just done to themselves.
China must be dying from laughter.

I have C suite level people who are now refusing to relocate there, especially the technical experts who are mostly visible minorities.

If you have dry powder be ready for a firesale of US assets over the next few years.

The last time the US took anywhere near this approach it kicked off the great depression 🤣

 

[mikeavelli]

Prepare for the ministry of doge veto on that or whatever they can do.

Thinking out loud, the auto industry ramifications are plenty on the legacy side who primarily need the credit to the move the ev metal. They will have to offset losses through ice production, while on the non legacy side, those who can trim fat through rapid engineering will probably come out on top (almost all of them seem to be geared this way) or get extra funding from foreign investment ie lucid.

The external side effects of course will be all those new development projects that southern states like Georgia and south Carolina got might be put on pause effective immediately.

I saw VW gave Rivian some terms for the full investment. The plant here was stopped but then they recently said it will begin again. I just don’t see it and we are pissed in GA. Hyundai has made massive investments here too and I believe the plant came online.

You are better than this than me, so maybe the legacies are thinking of exporting these EVs? But they might be hit with retaliatory tariffs making them too expensive. We also don’t see China slowing down with EVs and we could potentially be waaaaay behind except Tesla which builds there too, though BYD seems to be closer to dominant.

I need a beer lol

 

[mikeavelli]

True competition gave us nothing, which then gave us Electrify America/Canada, which are f*cking garbage.

We never had it tbh. Running tesla only is like having standard oil all over again.

 

[mikeavelli]

People are positioning for huge redirection of capital investment to europe and china.

America has no idea what theyve just done to themselves.
China must be dying from laughter.

I have C suite level people who are now refusing to relocate there, especially the technical experts who are mostly visible minorities.

If you have dry powder be ready for a firesale of US assets over the next few years.

The last time the US took anywhere near this approach it kicked off the great depression 🤣

Smh…. companies want stability and this ain’t it….

 

[Flagship1]

I assume Friday morning there is going to be all hands on deck meeting at every dealership stocking evs, to move as many of them as possible before eoy.

Captive financing is probably having their meeting atm.

 

[Flagship1]

Its got to be said, Toyota is sitting pretty with these new developments from the outside looking in. barely any exposure with its limited ev lineup. My extension almost all Japanese mfgs have limited ev lineups so they might as well have little exposure.

I do wonder internally, the sit rep? They have been launching new ev timelines, ev projects, battery development, factories etc since 2020, I wonder what becomes of those?

 

[Kelvin2020]

 

[Gor134]

E tron GT leases are 1/3 of that rn lol