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 21.9%

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

    Votes: 78 39.8%

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

    Votes: 37 18.9%

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

    Votes: 24 12.2%

  • No - would never buy one

    Votes: 14 7.1%
  • Total voters
    196
Jump to new
Wheels Car of the year.
More power than an McLaren F1 for $110K. You can turn off the front wheel power and slide it on the rear wheels (drift mode).
Probably too much of a motorhead car for me, yet its an EV.

www.whichcar.com.au

Wheels COTY 2024-25 Winner: HYUNDAI IONIQ 5 N

All hail the unanimous winner of Wheels Car of the Year 2024-25, the truly innovative Hyundai Ioniq 5 N – a spectacularly well-realised performance EV destined to put a smile on the face of anyone who gets in one.
www.whichcar.com.au www.whichcar.com.au
 
Knobby22 said:
Wheels Car of the year.
More power than an McLaren F1 for $110K. You can turn off the front wheel power and slide it on the rear wheels (drift mode).
Probably too much of a motorhead car for me, yet its an EV.

www.whichcar.com.au

Wheels COTY 2024-25 Winner: HYUNDAI IONIQ 5 N

All hail the unanimous winner of Wheels Car of the Year 2024-25, the truly innovative Hyundai Ioniq 5 N – a spectacularly well-realised performance EV destined to put a smile on the face of anyone who gets in one.
www.whichcar.com.au www.whichcar.com.au
Click to expand...

Wow, that is a lot of money for a Hyundai.

"I pity those car enthusiasts who still feel that electric cars are some sort of soulless appliance.​
Yes, there are many cheap EVs that are about as thrilling as reading a user manual for a USB hub, but then the same goes for many affordable combustion-engined cars."​
 
That was some car review by Wheels. Yes $110k for a Hyundai. But it seems like it out ran, out handled and had more racing flair than anything else Wheels had seen.

This quote summed it up.

It takes a very special sort of road car to impress somebody who has won the Australian rally championship seven times, but after we ran performance tester Cody Crocker through the 5 N’s manual gear shifting system, he returned with a massive grin and a distinct reluctance to hand back the keys.

“I’ve got a new favourite car,” he said. “I had no idea it could do that.”

Ah, yes, that. It was always going to be a controversial move, offering drivers the option of artificially mandated gearshifts, a rev limiter, and the feeling of torque building as the entirely nonexistent engine comes on cam. ​

At first glance, it would seem to play into the hands of those who claim that electric powertrains are lame and that the old ways are better, but do we need to be that partisan, that binary?

Can we not take the best of both to create something new and incredible? That’s exactly what Albert Biermann and his team at Hyundai’s N division has done with this remarkable car.
 
Stellantis aren't in a good space.


Just weeks after stepping down as the head of European-American automotive conglomerate Stellantis, Carlos Tavares is standing by the decisions that forced the embattled former CEO into resignation.

According to Portuguese publication Expresso, Tavares defended his ambitious electrification plans for Stellantis' brands, which involved a €50bn ($82bn) investment to transition to 100 per cent battery-electric sales in Europe by 2030, despite them being at odds with members of the board.

It was a move that was spurred on by Europe’s tough legislation on restricting carbon emissions, according to Tavares, which he called a “dead end that was created exclusively by European political leaders”.

Despite initial gains in the EV sector after the COVID-19 pandemic, where the company recorded a record €189.5 bn ($313.7bn) net revenue for 2023 off the back of strong financial incentives for EVs, things fell away quickly for Stellantis in 2024

As incentives have dissipated buyers have increasingly opted for cheaper Chinese imports, or simply stopped purchasing electric vehicles altogether, forcing many of Stellantis’ brands – such as Ram, Jeep, Chrysler, Fiat and Alfa Romeo – to pump the brakes on their EV transitions.

Net revenues were subsequently slashed by 27 per cent in the third quarter of 2024 compared to the same period in 2023, with sales for Dodge, Chrysler, Jeep and Ram all down for this year.

Thousands of manufacturing jobs have been cut or are in the firing line across Europe and the US, while Stellantis has halted production of electric cars such as the Fiat 500e.

Tavares admitted that Chinese EV-makers are “many years" ahead on the EV front thanks to aggressive subsidising by the Chinese government in the battery sector, along with their huge manufacturing capacity.

Where Stellantis goes from here is unclear, with the company set to announce a new CEO in the first half of 2025.

For now, though, it appears to be shoring up its interests in Chinese electric car and battery companies in Europe, with the company recently announcing a partnership with CATL to launch a battery manufacturing facility in Spain.

Stellantis also owns a 20 per cent stake in Chinese EV brand Leapmotor, which is currently building the small electric T03 hatchback at Stellantis’ plant in Tychy, Poland.
 
Top