Australian (ASX) Stock Market Forum

Electric cars?

Would you buy an electric car?

  • Already own one

    Votes: 10 5.1%

  • Yes - would definitely buy

    Votes: 43 21.7%

  • Yes - preferred over petrol car if price/power/convenience similar

    Votes: 78 39.4%

  • Maybe - preference for neither, only concerned with costs etc

    Votes: 38 19.2%

  • No - prefer petrol car even if electric car has same price, power and convenience

    Votes: 25 12.6%

  • No - would never buy one

    Votes: 14 7.1%
  • Total voters
    198
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The rationalisation of EV manufacturers continues.


The American electric car brand Canoo has filed for Chapter 7 bankruptcy, leaving the company unable to meet its financial obligations.

Management owes several creditors amounts ranging between $10 million and $50 million each, while the company itself is left with just $50,000 in cash.


Despite its financial struggles, CEO Tony Aquila has faced criticism for receiving an exceptionally high salary and benefiting from private jets.

The company developed a versatile "lifestyle car" capable of functioning as a minibus, pickup truck, and transporter.

But the ambitious plans never materialized into commercial success. Canoo managed to produce only a small number of vehicles.

By 2023, the company generated just $6.5 million in revenue — one-third of which came from the sale of three vehicles to the state of Oklahoma. Hopes for financial backing from the U.S. Department of Energy’s loan program were dashed when the application was denied, leaving the company unable to secure additional funding.
 
IFocus said:
It was more about Tesla making most of its profits from selling credits.
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I read up a bit on this and apparently you are spot on the E.U rule changes due in 2025, may end up being a big money spinner for Tesla.

www.dagens.com

Tesla Set to Make Billions Selling Emission Credits in Europe

Carmakers are turning to Tesla for help.
www.dagens.com www.dagens.com

Selling Excess Emission Credits​

The European Union has introduced stricter emission limits for automakers, requiring them to lower average CO₂ emissions to 93.6 grams per kilometer in 2025.

This is a significant reduction from previous limits, forcing many manufacturers to find ways to comply, according to Moto.

Some companies have focused on improving combustion engine efficiency or increasing the share of hybrid and electric vehicles in their fleets.

Others, unable to meet the new standards quickly enough, are turning to Tesla for help.

Tesla, which exclusively produces electric vehicles, does not have to worry about emissions penalties. Instead, it has the ability to sell its excess emission credits to other automakers.

This arrangement is expected to generate significant revenue for Tesla. Industry analysts estimate that selling emission credits could bring Tesla up to $1.1 billion in revenue.

Several major automakers, including Toyota, Ford, and Stellantis, are reportedly in talks with Tesla to secure these credits.

Tesla has opened applications for companies interested in purchasing credits, with a deadline of February 5.

Other automakers are also exploring this opportunity. Volvo and Mercedes-Benz are expected to generate around $330 million each through similar credit sales.

While their earnings are substantial, Tesla’s dominant position in the electric vehicle market gives it a much greater advantage.
 
Fascinating. Toyota back on top!

Whole article here.
thedriven.io

Norway EV share hits 96 pct in January, as Toyota tops list and Tesla slumps

Norway has hit a record 96 pct share of EVs in the new car market, as Toyota leads the list and Tesla slumps sharply despite a booming new car market.
thedriven.io thedriven.io

Norway has once again demonstrated the possibility of a new car market dominated by electric vehicles (EVs), with fully electric passenger cars accounting for 96 per cent of the nearly 10,000 new cars sold in January.

New figures published this week by the Opplysningsrådet for veitrafikken (OFV), Norway’s Road Traffic Information Council, revealed that 9,343 new passenger cars were registered in Norway in January, a rise of 82 per cent than a year earlier.
Øyvind Solberg Thorsen, OFV director says the group is hopeful that positive economic signals will see new car sales return to previous highs, which given the makeup of EVs in the overall numbers, presages well for future records.

Of the 9,343 new passenger cars registered in January, 8,954 were electric, accounting for 95.8 per cent.
An additional 219 new hybrid variants were sold during January, accounting for 2.8 per cent, meaning that electrified vehicles accounted for a whopping 98.6 per cent of all new passenger car sales in Norway in January.

Interestingly, the list of best-selling EVs was topped by Toyota with its bZ4X, followed by three vehicles that are not yet available in Australia – the VW ID.4, the Nissan Ariya, the VW ID.3 and the VW ID.7.

Tesla sales slumped 38 per cent to 689, with the Model Y and Model 3 falling to the Number 6 positions respectively, despite the soaring overall market. Tesla’s market share plunged to just over 7 %, from more than 21 % in 2024.
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Ford CEO Jim Farley did not mince words while explaining some of the drawbacks of fully electric large SUVs and trucks.

During Ford’s Q4 2024 earnings call on Wednesday, the automaker shared its electrification roadmap, reiterating that it would focus on small and medium-sized EVs that are more economically viable instead of going all guns blazing with battery-electric models across all segments.


“For larger retail, electric utilities, the economics are unresolvable,” Farley said. “These customers have very demanding use cases for an electric vehicle. They tow, they go off-road, they take long road trips. These vehicles have worse aerodynamics and they're very heavy, which means very large and expensive batteries.”
“Retail customers have shown that they will not pay any premium for these large EVs, making them a really tough business case,” Farley said.

Profitability for the large family haulers will instead come from “PHEVs, hybrids and EREVs” that on “one tank of gas can get over 700 miles of range, but still drive most miles electric,” he added.
Ford wants to take a novel approach with its large SUVs and trucks. As Bloomberg first reported on Tuesday, the automaker is now pursuing extended-range electric vehicles. EREVs have an electric powertrain like a traditional battery-electric vehicle, but they also get a gas-powered generator for backup. The generator is tasked with recharging the battery, but it’s the e-motors that drive the wheels at all times.
 
Interesting article, one wonders as to the veracity of it though.


As electric cars become more popular, their impact on city infrastructure is becoming clearer.

While fossil fuel cars are slowly being replaced, the growing number of electric vehicles (EVs) in Oslo is causing damage to the city's roads.

The weight of these vehicles, especially electric buses and cars, is putting increased strain on the road network, reports Boosted.

According to the City Environment Agency in Oslo, the rising number of EVs is linked to more road damage.

In their 2024 annual report, the agency pointed out that this trend is making it harder to maintain the city's road system.

As the number of electric cars and buses increases, the wear and tear on the roads is becoming more significant.

The agency’s director, Gerd Robsahm Kjørven, stated that road maintenance efforts are struggling to keep up with the growing demand.

The city’s roads have been in bad shape for years. A report from 2021 by Multiconsult revealed that the condition of the roads had worsened annually since 2009.
 
It sounds like PHEV's are getting more attention and development, now that the early uptake on full EV's has slowed.


Chinese electric car brand XPeng has become the latest player to develop plug-in hybrid (PHEV) capability after its latest SUV was spotted testing in China with an exhaust system.

The PHEV SUV was captured by CarNewsChina under heavy camouflage, with the Chinese publication claiming the model will utilise XPeng’s new 'Kunpeng Super Electric System' and a petrol engine.

Staggeringly, the configuration is claimed to deliver a pure electric range of 430km and a total hybrid range of 1400km — notably under the more lenient CLTC protocol.
 
sptrawler said:
Interesting article, one wonders as to the veracity of it though.


As electric cars become more popular, their impact on city infrastructure is becoming clearer.

While fossil fuel cars are slowly being replaced, the growing number of electric vehicles (EVs) in Oslo is causing damage to the city's roads.

The weight of these vehicles, especially electric buses and cars, is putting increased strain on the road network, reports Boosted.

According to the City Environment Agency in Oslo, the rising number of EVs is linked to more road damage.

In their 2024 annual report, the agency pointed out that this trend is making it harder to maintain the city's road system.

As the number of electric cars and buses increases, the wear and tear on the roads is becoming more significant.

The agency’s director, Gerd Robsahm Kjørven, stated that road maintenance efforts are struggling to keep up with the growing demand.

The city’s roads have been in bad shape for years. A report from 2021 by Multiconsult revealed that the condition of the roads had worsened annually since 2009.
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I have seen soft roads around in minor street. Sounds likely.
 
Another cost cutting project courtesy of Donald Tr\ump.
Makes absolute sense (if you are Donald Trump.)

Trump to shut down all 8,000 EV charging ports at federal govt buildings​


90be790ce625b95e69e27b1a32fe1?s=18&d=identicon&r=g.jpg Michelle Lewis Feb 21 2025 - 2:57 pm PT

325 Comments

pexels-photo-9800006.jpg


The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.


GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.
The Verge reports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:
“As GSA has worked to align with the current administration, we have received direction that all GSA-owned charging stations are not mission-critical.”
The GSA is working on the timing of canceling current network contracts that keep the EV chargers operational. Once those contracts are canceled, the stations will be taken out of service and “turned off at the breaker,” the email reads. Other chargers will be turned off starting next week.
“Neither Government Owned Vehicles nor Privately Owned Vehicles will be able to charge at these charging stations once they’re out of service.”
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SirRumpole said:
Europe, Japan and China have restarted development of the internal combustion engine.

EV sales are falling.

Are EV manufacturers going in the wrong direction?

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they bought the fable of the EV will replace all the ICEs

sure EVs have a place ( and have had for 60 years ) but i doubt they will replace all the options

now i will be watching to see how the new rotary engines will progress

edit ; rubber particles AND extra brake dust ( which is really unhealthy )
 
basilio said:
Another cost cutting project courtesy of Donald Tr\ump.
Makes absolute sense (if you are Donald Trump.)

Trump to shut down all 8,000 EV charging ports at federal govt buildings​


View attachment 193896 Michelle Lewis Feb 21 2025 - 2:57 pm PT

325 Comments

View attachment 193897


The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.


GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.
The Verge reports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:
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that makes little sense , sure , trim the excess , but surely SOME EVs will fill a useful role in the government business

surely this will be revised before it is all completed
 
basilio said:
Another cost cutting project courtesy of Donald Tr\ump.
Makes absolute sense (if you are Donald Trump.)

Trump to shut down all 8,000 EV charging ports at federal govt buildings​


View attachment 193896 Michelle Lewis Feb 21 2025 - 2:57 pm PT

325 Comments

View attachment 193897


The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.


GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.
The Verge reports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:
Click to expand...
Well there is another way of looking at it, as usual.

The taxpayer is probably paying, so that all those Government workers, can have free charging if it is anything like my local council.

I walked through the carpark of my local council and noticed there is a "Charge Hub' EV charger there, so I thought that is good I will put on the charge hub app and give it a go whoa and behold it wont connect and also it isn't shown on the 'plug share' app or the 'Chargefox' app.

So @basilio, why should my rates go towards a council EV charger that I can't use? Another great left leaning idea, that uses other peoples money. :roflmao:



From your MSN

The more than 8,000 charging ports available to federal workers are going away.

According to the GSA, the hundreds of chargers and estimated 8,000 plugs available for federal workers to charge their cars are “not mission critical.” The agency, which manages buildings owned by the federal government as well as vehicles, will also offload any EVs purchased under the Biden administration.

The move, while malicious, is not surprising considering the GOP’s general disdain for electric vehicles and the green energy movement. President Trump is intent on wiping just about any green policy enacted by the prior administration after spending years railing against EV mandates.
 
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sptrawler said:
Well there is another way of looking at it, as usual.

The taxpayer is probably paying, so that all those Government workers, can have free charging if it anything like my local council.

I walked through the carpark of my local council and noticed there is a "Charge Hub' EV charger there, so I thought that is good I will put on the charge hub app and give it a go whoa and behold it wont connect and also it isn't shown on the 'plug share' app or the 'Chargefox' app.

So @basilio, why should my rates go towards a council EV charger that I can't use? Another great left leaning idea, that uses other peoples money. :roflmao:

From your MSN

The more than 8,000 charging ports available to federal workers are going away.

According to the GSA, the hundreds of chargers and estimated 8,000 plugs available for federal workers to charge their cars are “not mission critical.” The agency, which manages buildings owned by the federal government as well as vehicles, will also offload any EVs purchased under the Biden administration.

The move, while malicious, is not surprising considering the GOP’s general disdain for electric vehicles and the green energy movement. President Trump is intent on wiping just about any green policy enacted by the prior administration after spending years railing against EV mandates.
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So surely the charging stations could be made publicly available instead of just being scrapped?

A money earner for the government, why didn't Captain Capitalism think of that?
 
SirRumpole said:
So surely the charging stations could be made publicly available instead of just being scrapped?

A money earner for the government, why didn't Captain Capitalism think of that?
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Who knows that he hasn't, just because we haven't read it in our tell all media?

Would they have to sell it off, being a Govt owned network?

Also with it being supplied with power from a Govt owned building, who would maintain it and would it be separately metered?

Are the buildings secure and if so who is responsible for any issues caused by the EV chargers?

Maybe it is just easier to shut them down, rather than sell them off ?

If they are publicly available, why shouldn't all Government buildings have them? It is discrimination against taxpayers who live near Government buildings that don't have them and the loonie left wont be happy with that.

The other thing you may or may not find, but which I have usually found to be the case, the EV chargers may only be available to the 'upper management' who may get an EV as a company car and not readily accessible to the plebs.

Therefore the power supply to some may not be up to feeding 24/7 loadings, even the chargers may not be commercial heavy duty units.
 
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SirRumpole said:
So surely the charging stations could be made publicly available instead of just being scrapped?

A money earner for the government, why didn't Captain Capitalism think of that?
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yes but then it depends on which building the charging stations are under , thousands would cheer if the IRS caught fire for instance

still unknown would the safety/fire risk long term of random vehicles parking/charging while waiting in the government building ( for service )
 
sptrawler said:
Who knows that he hasn't, just because we haven't read it in our tell all media?

Would they have to sell it off, being a Govt owned network?

Also with it being supplied with power from a Govt owned building, who would maintain it and would it be separately metered?

Are the buildings secure and if so who is responsible for any issues caused by the EV chargers?

Maybe it is just easier to shut them down, rather than sell them off ?

If they are publicly available, why shouldn't all Government buildings have them? It is discrimination against taxpayers who live near Government buildings that don't have them and the loonie left wont be happy with that.

The other thing you may or may not find, but which I have usually found to be the case, the EV chargers may only be available to the 'upper management' who may get an EV as a company car and not readily accessible to the plebs.

Therefore the power supply to some may not be up to feeding 24/7 loadings, even the chargers may not be commercial heavy duty units.
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TRUMP HATES EV'S AND WILL DO ANYTHING TO DESTROY THEM.
Don't overthink it SP. Trump certainly doesn't. The EV's being serviced are Government owned vehicles. There will also be private vehicles.
There was an agency responsible for running this. It will be disbanded.
This is Trump just being a krunt
 
SirRumpole said:
A clash of giant egos is imminent.
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Or the U.S financial system starts to get some credibility and change happens.

The alternative was leading to a disaster, maybe this will lead to a disaster, maybe it wont.

Time will tell, but it is less about personalities and more about survival for the West.

Anyway back to EV's, we have enough Trump hate threads. ;)
 
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