Can’t compare EV pricing in China vs US. What drives the price of EVs or any car sold in the US are the strict regulations the US has.
That’s BS logic, OAndG already losing money on cheap oil prices, what have they done to increase costs? None. They just file for bankruptcy or merge, but they don’t raise prices. That’s just some made up bs to try and discredit EVs.
Yeah, oil and gas companies in the US don’t control prices.
But you can compare EV prices in China to ICE prices in China to get an idea of what the actual difference in manufacturing cost is.
Ice prices in China and ice prices in the US are not very far apart.
EV prices in China and EV prices in the US are very far apart.
Merging doesn’t change demand. Merging is inevitable because shale oil will be too expensive to drill for in about 10-15 years
Even with 50% EVs on American roads, the demand for oil will still be very high
In order to offset the losses from the lack of ICE vehicles, the costs to refine oil will increase because steel, plastic, rubber, etc companies will still need oil and gas
There is no foreseeable future where the demand for oil goes down. Demand continues to rise.
I agree.
The reality is that most Americans do not have a complete understanding of how much oil is involved in practically everything.
I know they’ll flag & delete it but it’s too appropriate
Not a fan of Tyler Sheridan, and Landman is not a source for opinions lol
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I mean depends on what opinions you want to repeat. I mean he’s posted less reliable sources before
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I dig the show but it’s just entertainment.
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A show about a horrible company that has crappy safety training that causes employees to be killed and mamed.
Sure. We should make economic assumptions based on it.
Idiotic premise achieved.
Again, attack the messenger, not the message. That’s SOP around here
If the messenger is using a fictional drama series as evidence, sure the messenger is asking for some good natured ribbing.
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Pirates of the Caribbean is where I get all my history from that era.
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I get all my future predictions from Mad Max.
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Lots of different factors in price.
In this case, I would be curious to see the demographics on who is buying EVs in China. In the US, the average EV buyer has an annual income over $100,000. People in that market generally do not buy low cost cars as they want the higher quality or amenities that go with them. There have been several lower end EVs such as the Nissan Leaf and Chevy Bolt, and they all failed in sales in the US.
Also note that the China infrastructure is much different than the US.
Yea, OSHA, EPA, etc makes doing business in the US expensive.
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The past ‘low end’ EVs were not low priced though. They were low end because the tech was not yet well developed.
Chevy Bolts prices were high 30s to low 40s in the 20-teens.
Comparable ICE vehicle were half that price. Of course sales weren’t good. Only early adopters were buying them. Classic new tech economic behavior.
Chevy Bolt Annual US Sales Figures
- 2017: 23,297
- 2018: 18,019
- 2019: 16,418
- 2020: 20,754
- 2021: 22,073
- 2022: 38,120
- 2023: 62,000+ (approx. US)
Key Sales Notes
- 2021-2022 Recall Impact: Sales in 2021 and early 2022 were severely impacted by a massive battery recall, which halted production.
- 2023 Peak: The addition of the Bolt EUV and improved production led to the best sales year, with 2023 seeing 38,881 EUV units and high EV volume.
- Future: A next-generation Bolt is planned for 2027.
GM Authority +3