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Iron Lung Jimmy · 10-15-2025, 03:27 PM

Another WSJ article on plunging EV sales

https://www.wsj.com/business/autos/t...=hp_lead_pos10

Basically it pretty much just says the world is backing off EV's and automakers are getting hammered.

There's a paywall so I'll cut and paste a few pertinent paragraphs -

The Rest of the World Is Following America’s Retreat on EVs

AI summary

- General Motors announced a $1.6 billion charge because of sinking electric-vehicle sales, attributing the shift to reduced government subsidies.

- Canada paused its electric-vehicle sales mandate for next year, and the EU is rethinking its 2035 emissions target for cars.

- AlixPartners now forecasts electric vehicles will constitute 18% of new U.S. sales by 2030, half of its prior estimate.

From the article

The reality is hitting hard in the U.S. General Motors said Tuesday that it would take a $1.6 billion charge because of sinking EV sales, a shift it blamed on recent moves by the U.S. government to end EV subsidies and regulatory mandates. The automaker has lobbied heavily this year to loosen EV requirements.

That might just be the beginning of a financial reckoning from automakers that poured billions into new electric models—from sports cars and sedans to big pickups and sport-utility vehicles—to try to get ready for the government-backed EV mandates

Wait, what? Mandates?

So while there were some here who argued, correctly I might add, that there were no govt mandates, the fact that the automakers were acting as if there were already mandates made the not yet existent mandates de-facto mandates. So the non-mandates were in reality mandates. Just what most of us have been saying all along.

“There is more realism that EVs are probably a good solution in the future, but it’s not going to be forced down the throat of customers,” said Christian Meunier, chairman of Nissan Americas, referring not just to the U.S. but to much of the Western world. “It’s pragmatism.”

Now isn't that what most of us have been saying all along? It took this long for the chairman of Nissan to catch up with Camaro5?

Even China, the world’s most dominant EV market, is showing cracks. Sales continue to grow, but increasingly at the expense of profitability as carmakers fight for customers in an oversaturated market. Consulting firm AlixPartners predicts that most of the 118 EV brands operating there in 2023 won’t be viable five years from now.

China actually can shove EV's down the throats of its citizens, but even that isn't going well

And just a reminder, I like EV's. I have a PHEV that I love. But I hate govt telling us what we can and cannot buy so I'm enjoying this victory lap.

10-15-2025, 03:27 PM	#3295
Iron Lung Jimmy Drives: Iron Lung, Jimmy Join Date: Jun 2009 Location: Louisiana Posts: 1,577	Another WSJ article on plunging EV sales https://www.wsj.com/business/autos/t...=hp_lead_pos10 Basically it pretty much just says the world is backing off EV's and automakers are getting hammered. There's a paywall so I'll cut and paste a few pertinent paragraphs - The Rest of the World Is Following America’s Retreat on EVs AI summary - General Motors announced a $1.6 billion charge because of sinking electric-vehicle sales, attributing the shift to reduced government subsidies. - Canada paused its electric-vehicle sales mandate for next year, and the EU is rethinking its 2035 emissions target for cars. - AlixPartners now forecasts electric vehicles will constitute 18% of new U.S. sales by 2030, half of its prior estimate. From the article The reality is hitting hard in the U.S. General Motors said Tuesday that it would take a $1.6 billion charge because of sinking EV sales, a shift it blamed on recent moves by the U.S. government to end EV subsidies and regulatory mandates. The automaker has lobbied heavily this year to loosen EV requirements. That might just be the beginning of a financial reckoning from automakers that poured billions into new electric models—from sports cars and sedans to big pickups and sport-utility vehicles—to try to get ready for the government-backed EV mandates Wait, what? Mandates? So while there were some here who argued, correctly I might add, that there were no govt mandates, the fact that the automakers were acting as if there were already mandates made the not yet existent mandates de-facto mandates. So the non-mandates were in reality mandates. Just what most of us have been saying all along. “There is more realism that EVs are probably a good solution in the future, but it’s not going to be forced down the throat of customers,” said Christian Meunier, chairman of Nissan Americas, referring not just to the U.S. but to much of the Western world. “It’s pragmatism.” Now isn't that what most of us have been saying all along? It took this long for the chairman of Nissan to catch up with Camaro5? Even China, the world’s most dominant EV market, is showing cracks. Sales continue to grow, but increasingly at the expense of profitability as carmakers fight for customers in an oversaturated market. Consulting firm AlixPartners predicts that most of the 118 EV brands operating there in 2023 won’t be viable five years from now. China actually can shove EV's down the throats of its citizens, but even that isn't going well And just a reminder, I like EV's. I have a PHEV that I love. But I hate govt telling us what we can and cannot buy so I'm enjoying this victory lap.