The state of Washington will no longer allow new gas car registrations in 2030. That's only 8 years away. You won't even be able to buy a gas car out of state and bring it in.
California has a similar law for 2035, but many expect them to change their law to match Washington. Other states will also follow suit.
A car that can't be registered in some states won't be worth as much. As we get closer to 2030, the rising popularity of EVs, combined with these laws will destroy the new and used markets for gas-powered vehicles nationwide. Depreciation will be brutal. The transition will happen very fast.
LOL! People don't buy cars as assets... Depreciation is already brutal the moment you drive it off the sales lot.
You will still be able to register and drive your car in models 2029 and earlier forever under Washington's bill. They're still driving 1950s cars in Cuba. I'd wager the 2029 models will still be functioning in 2030 and gas powered cars will be the majority of cars on the road in Washington long after 2035.
You're confusing leftist wishes and reality...
Depreciation is brutal for you. But my Tesla didn't depreciate. Quite the opposite. A year later, I can easily sell it for $5,000 to $10,000 more than I paid.
People definitely consider resale value when buying a car. Depreciation for a gas car will be a lot worse than an EV, so more buyers will opt for the EV. This will cause depreciation of gas cars to get even worse. And so on. It will be a death spiral.
It's already happening in Norway. Norway is banning new gas cars in 2025. But plug-ins are projected to already make up 100% of sales starting this month. That's more than two years early.
So consider what happens if close to 100% of new cars registered in Washington state are EV's by 2028. That means maybe 80% of new cars in 2027. Maybe 50% in 2026. There is no way that half the cars on the road in Washington will still be gas-powered in 2035.
Americans are not like the Cubans. By 2030, gas cars will be about as popular as flip phones. Nobody will want those clunky old things.
Did you even read the article? It makes my point exactly. The big boys are stumbling. They don't even know how to make their own electric motors and none are assembling their own battery packs. So all of them are trying to outsource the entire power train. They don't know what they are doing.
Tesla only had $53 billion in revenue in 2021.
The "big boys are stumbling" with WAY more revenue.
EV's won't be mainstream for well over a decade by even the rosiest scenarios from EV prognosticators. The big boys have plenty of time to catch up.
Most of the big boys will be out of business by 2030. They have lots of revenue, but their profit margins are extremely low and they have tons of debt.
Tesla has basically zero debt along with profit margins that are three times higher than legacy automakers. Plus Tesla is growing at an astronomical rate.
That's why your article shows how the big boys are scrambling to catch up, but they are failing miserably. They can't afford to build the new factories and figure out how to make motors and battery packs while their gas car sales keep shrinking. They are saddled with an outdated business model and huge sunk costs that will soon be stranded assets.
All of this is why Tesla has a market cap that is so much higher than GM, Ford, and Toyota combined.
LOL! People don't buy cars as assets... Depreciation is already brutal the moment you drive it off the sales lot.
You will still be able to register and drive your car in models 2029 and earlier forever under Washington's bill. They're still driving 1950s cars in Cuba. I'd wager the 2029 models will still be functioning in 2030 and gas powered cars will be the majority of cars on the road in Washington long after 2035.
You're confusing leftist wishes and reality...
Depreciation is brutal for you. But my Tesla didn't depreciate. Quite the opposite. A year later, I can easily sell it for $5,000 to $10,000 more than I paid.
People definitely consider resale value when buying a car. Depreciation for a gas car will be a lot worse than an EV, so more buyers will opt for the EV. This will cause depreciation of gas cars to get even worse. And so on. It will be a death spiral.
It's already happening in Norway. Norway is banning new gas cars in 2025. But plug-ins are projected to already make up 100% of sales starting this month. That's more than two years early.
So consider what happens if close to 100% of new cars registered in Washington state are EV's by 2028. That means maybe 80% of new cars in 2027. Maybe 50% in 2026. There is no way that half the cars on the road in Washington will still be gas-powered in 2035.
Americans are not like the Cubans. By 2030, gas cars will be about as popular as flip phones. Nobody will want those clunky old things.
Fat Hurts - please don't make up stuff.
Teslas depreciate quickly because they're made with premium materials and use advanced technology. The electric vehicle market, in general, tends to depreciate much faster than any other type of vehicle.
Why is the Depreciation on Electric Vehicles So High? The combination of incentives, low gas prices, and decreasing sticker prices are why the value for EVs goes downward. The technology advances quickly. There's also the matter of range anxiety.
Why is the Depreciation on Electric Vehicles So High? The combination of incentives, low gas prices, and decreasing sticker prices are why the value for EVs goes downward. The technology advances quickly. There's also the matter of range anxiety.
You really shouldn't drink so heavily before bedtime. Your last two posts are even more incomprehensible than normal.
I honestly don't know how to respond because I can't figure out what you were trying to say.
Incentives have run out for Tesla and GM. They are about to run out for Ford, Toyota, and Nissan as well. I'm not sure what your point is about incentives anyway.
The "big boys are stumbling" with WAY more revenue.
EV's won't be mainstream for well over a decade by even the rosiest scenarios from EV prognosticators. The big boys have plenty of time to catch up.
Most of the big boys will be out of business by 2030. They have lots of revenue, but their profit margins are extremely low and they have tons of debt.
Tesla has basically zero debt along with profit margins that are three times higher than legacy automakers. Plus Tesla is growing at an astronomical rate.
That's why your article shows how the big boys are scrambling to catch up, but they are failing miserably. They can't afford to build the new factories and figure out how to make motors and battery packs while their gas car sales keep shrinking. They are saddled with an outdated business model and huge sunk costs that will soon be stranded assets.
All of this is why Tesla has a market cap that is so much higher than GM, Ford, and Toyota combined.
In 8 yrs the big boys will be out of business? 😂😂😂😂
Why is the Depreciation on Electric Vehicles So High? The combination of incentives, low gas prices, and decreasing sticker prices are why the value for EVs goes downward. The technology advances quickly. There's also the matter of range anxiety.
You really shouldn't drink so heavily before bedtime. Your last two posts are even more incomprehensible than normal.
I honestly don't know how to respond because I can't figure out what you were trying to say.
Incentives have run out for Tesla and GM. They are about to run out for Ford, Toyota, and Nissan as well. I'm not sure what your point is about incentives anyway.
Gas prices are high, not low.
Sticker prices are going up, not down.
Fat Hurts - why would I want to pay you a premium to buy your used Tesla? The technology for EVs improves by leaps and bounds very quickly. Battery technology improves each year. Why would I want to buy your used Tesla when its range might be 200 miles and a brand new one that I might buy in 2 years might have a range of 325 miles (I made up the range numbers) ? In the EV market what is cutting edge technology today will be obsolete in 3 years.
LOL! People don't buy cars as assets... Depreciation is already brutal the moment you drive it off the sales lot.
You will still be able to register and drive your car in models 2029 and earlier forever under Washington's bill. They're still driving 1950s cars in Cuba. I'd wager the 2029 models will still be functioning in 2030 and gas powered cars will be the majority of cars on the road in Washington long after 2035.
You're confusing leftist wishes and reality...
Depreciation is brutal for you. But my Tesla didn't depreciate. Quite the opposite. A year later, I can easily sell it for $5,000 to $10,000 more than I paid.
People definitely consider resale value when buying a car. Depreciation for a gas car will be a lot worse than an EV, so more buyers will opt for the EV. This will cause depreciation of gas cars to get even worse. And so on. It will be a death spiral.
It's already happening in Norway. Norway is banning new gas cars in 2025. But plug-ins are projected to already make up 100% of sales starting this month. That's more than two years early.
So consider what happens if close to 100% of new cars registered in Washington state are EV's by 2028. That means maybe 80% of new cars in 2027. Maybe 50% in 2026. There is no way that half the cars on the road in Washington will still be gas-powered in 2035.
Americans are not like the Cubans. By 2030, gas cars will be about as popular as flip phones. Nobody will want those clunky old things.
It is amazing that Biden is actually a worse President than the idiot peanut farmer Carter. Biden is pushing us straight into a recession, inflation going crazy, millions of illegals flooding in, blaming everyone but himself. What a pos. And all the idiots can do is double down on the failing policies. The only good news is that just like after Carter, we can get the idiot lefties out of power for a long time.
The "big boys are stumbling" with WAY more revenue.
EV's won't be mainstream for well over a decade by even the rosiest scenarios from EV prognosticators. The big boys have plenty of time to catch up.
Most of the big boys will be out of business by 2030. They have lots of revenue, but their profit margins are extremely low and they have tons of debt.
Tesla has basically zero debt along with profit margins that are three times higher than legacy automakers. Plus Tesla is growing at an astronomical rate.
That's why your article shows how the big boys are scrambling to catch up, but they are failing miserably. They can't afford to build the new factories and figure out how to make motors and battery packs while their gas car sales keep shrinking. They are saddled with an outdated business model and huge sunk costs that will soon be stranded assets.
All of this is why Tesla has a market cap that is so much higher than GM, Ford, and Toyota combined.
You have absolutely no idea what the hell you're talking about... lol.
It's like you learned everything you know about the auto industry from a Tesla salesman.
Tesla hasn't even made a profit for most of its existence.
2021 was it's best year ever. Q4 was 2021 was it's best quarter ever. Tesla's profit margin in 2021 Q4 was 13.1%.
It is amazing that Biden is actually a worse President than the idiot peanut farmer Carter. Biden is pushing us straight into a recession, inflation going crazy, millions of illegals flooding in, blaming everyone but himself. What a pos. And all the idiots can do is double down on the failing policies. The only good news is that just like after Carter, we can get the idiot lefties out of power for a long time.
In 8 yrs the big boys will be out of business? 😂😂😂😂
Yes, most of them will be out of business. The brands will still be around as they still have some value. But it's hard to see how the likes of Ford, GM, Stellantis, and many others can stick around. Their assets that still have value will be sold off. Their factories that made gas cars will sit idle.
The government might bail out GM and Ford. Or if the EV tax credit passes, they can hold on a little longer and maybe have a chance to survive.
The balance sheets of these companies look really bad and they are facing technological disruption. They are saddled with a business model that lets dealerships, parts suppliers, and pensions eat most of their profits. They simply won't be able to compete with cars from Tesla and the Chinese EV makers that are far better and made at a lower cost.
A few will probably figure out how to survive. Volkswagen has a pretty credible plan. Toyota might have enough money to survive, but they are even further behind technologically. It's going to be tough.
Most of the big boys will be out of business by 2030. They have lots of revenue, but their profit margins are extremely low and they have tons of debt.
Tesla has basically zero debt along with profit margins that are three times higher than legacy automakers. Plus Tesla is growing at an astronomical rate.
That's why your article shows how the big boys are scrambling to catch up, but they are failing miserably. They can't afford to build the new factories and figure out how to make motors and battery packs while their gas car sales keep shrinking. They are saddled with an outdated business model and huge sunk costs that will soon be stranded assets.
All of this is why Tesla has a market cap that is so much higher than GM, Ford, and Toyota combined.
You have absolutely no idea what the hell you're talking about... lol.
It's like you learned everything you know about the auto industry from a Tesla salesman.
Tesla hasn't even made a profit for most of its existence.
2021 was it's best year ever. Q4 was 2021 was it's best quarter ever. Tesla's profit margin in 2021 Q4 was 13.1%.
Ford's profit margin in 2021 Q4 was 32.6%.
Tesla doesn't employ salesmen. They don't need them.
Ford's profit margin was high in that one quarter because they sold their stake in Rivian (an EV company!). That's something that won't ever happen again.
Look at profit margin from autos alone in Q4. Tesla was at 30.5%. Ford was at 4.7%. That's why Ford stock went down after they announced earnings.
You have absolutely no idea what the hell you're talking about... lol.
It's like you learned everything you know about the auto industry from a Tesla salesman.
Tesla hasn't even made a profit for most of its existence.
2021 was it's best year ever. Q4 was 2021 was it's best quarter ever. Tesla's profit margin in 2021 Q4 was 13.1%.
Ford's profit margin in 2021 Q4 was 32.6%.
Tesla doesn't employ salesmen. They don't need them.
Ford's profit margin was high in that one quarter because they sold their stake in Rivian (an EV company!). That's something that won't ever happen again.
Look at profit margin from autos alone in Q4. Tesla was at 30.5%. Ford was at 4.7%. That's why Ford stock went down after they announced earnings.
You really shouldn't drink so heavily before bedtime. Your last two posts are even more incomprehensible than normal.
I honestly don't know how to respond because I can't figure out what you were trying to say.
Incentives have run out for Tesla and GM. They are about to run out for Ford, Toyota, and Nissan as well. I'm not sure what your point is about incentives anyway.
Gas prices are high, not low.
Sticker prices are going up, not down.
Fat Hurts - why would I want to pay you a premium to buy your used Tesla? The technology for EVs improves by leaps and bounds very quickly. Battery technology improves each year. Why would I want to buy your used Tesla when its range might be 200 miles and a brand new one that I might buy in 2 years might have a range of 325 miles (I made up the range numbers) ? In the EV market what is cutting edge technology today will be obsolete in 3 years.
My Tesla is rated at 326 miles of range.
Range probably won't keep going up as quickly as it has in the past. 275 to 300 miles seems to be the sweet spot that most consumers want. So as cells become more energy dense, automakers will just use fewer battery cells per vehicle. That allows them to make more vehicles and improve profit margins.
A Tesla improves with age. Almost everything is controlled with software. So new features are constantly added with over-the-air updates. At times, Tesla has even improved unexpected things like range and braking distance with software updates.
There is huge demand and a year-long backlog to get a Tesla Model Y like mine. So buyers are willing to pay a premium to get one right away. That's why even used ones sell for more than the original purchase price.
Tesla doesn't employ salesmen. They don't need them.
Ford's profit margin was high in that one quarter because they sold their stake in Rivian (an EV company!). That's something that won't ever happen again.
Look at profit margin from autos alone in Q4. Tesla was at 30.5%. Ford was at 4.7%. That's why Ford stock went down after they announced earnings.
You don't know what the hell your talking about. Take the "L" here.
I know exactly what I'm talking about. These are not salespeople like you are used to seeing at a dealership. The title is "Sales Advisor", not salesperson. They never try to sell you anything. They only answer questions and facilitate deliveries after the sale. So they work in the sales division, but they aren't salesmen. All the selling is done online.
MANY thought a bird pooped on President Joe Biden during his infrastructure speech last week in Iowa, as he’s been trolled for “talking s***” on Twitter. Biden was in the midst of…
