RE:RE:RE:EV Sales Collapse Globally as Subsidies Dry UpYou must have a very popular car. I know you waited long for it.
China is the world leader when it comes to the production of EVs.
Respectable, however ICE vehicle production in China has still been 68% of the total.
China exports many EVs to markets with even higher market saturations of ICE vehicles, so don't write off oil just yet.
However EVs are going to get cheaper due to a drop in lithium prices, both as supply bottlenecks have loosened and the sales slump has being so deep, that lithium demand is now down 52% from the 3 month rolling averages, whlch should lead to lower battery prices.
https://www.wsj.com/articles/battery-metal-prices-fall-back-to-earth-fd6f04cb?st=99809xzx1y5qkai Speaking of mobility, RBC models suggest an absolute booming time for air travel in China:
Experienced wrote: I haven't the stats cause one month here or there isn't going to make a difference. As far as I am concerned the direction arrow is up for the future. I wonder if during the mid 1930s in the second phase of the Great Depression when car sales dipped significantly that there were people saying "Look at the dip in sales - we must be going back to horse buggies".
That said, I was a bit surprised by Migraine's post since people getting IONIQ5s delivered over the past few months in the US are paying a "market adjustment" of 5-10K charged by dealerships over MSRP since there is so much demand for the car. Even one year old resales are selling at equal to or above MSRP.