Submission + - Auto execs are coming clean: EVs aren't working (businessinsider.com) 1
Amiga Trombone writes: With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term.
Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk.
Among those hand-wringing is GM's Mary Barra, historically one of the automotive industry's most bullish CEOs on the future of electric vehicles.
But this week on GM's third-quarter earnings call, Barra and GM struck a more sober tone. The company announced with its quarterly results that it's abandoning its targets to build 100,000 EVs in the second half of this year and another 400,000 by the first six months of 2024
Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk.
Among those hand-wringing is GM's Mary Barra, historically one of the automotive industry's most bullish CEOs on the future of electric vehicles.
But this week on GM's third-quarter earnings call, Barra and GM struck a more sober tone. The company announced with its quarterly results that it's abandoning its targets to build 100,000 EVs in the second half of this year and another 400,000 by the first six months of 2024
Osborne Effect (Score:2)
I don't know about everybody else... but now that pretty much all of the auto manufacturers have said they're adopting the Tesla charging standard, I have no desire to own the current generation of vehicles, which don't the Tesla charging port as standard equipment. (Well, not at full list price - make me an offer...)
If I were them, I'd just blow out the inventory, take the loss, and write that off on my tax return. Otherwise you're just creating a situation where now people think there's something wrong w