If they actually sold an affordable EV that people wanted they would sell more than a million. Like if the Bolt looked more like a larger gen2 Volt (or the new Prius) it would sell way more.
Detroit based automakers' business models depend heavily on the ability to fleece customers in key market segments. As in, "the world's most profitable" auto market. The Bolt was never in one of those segments. Their challenge now is to figure out how to convince customers to come and get themselves fleeced for EVs in the same number as they did for ICE vehicles. Competition is making that seem to be a remote prospect.
@@TheJ1s They'd need a lot more volume than they can scale up to in even 5 years, to get a car of any design down to $50k. Tesla was around for 13 years before releasing the Model 3.
Actually they could do it today. Not a lot of difference from losing $300K per car and $340K per car if they dropped the price $40K. Now at some point perhaps the investors will be unhappy at subsidising every car Lucid makes, but so far, they seem happy to pour unlimited cash into this money pit.
@@tesla_tap They're a public corp, so they're essentially obligated to charge what the market will bear for the numbers they can produce. It's not like they can write it off as a market share play; they just don't have the volume to play for market share.
To my eye, it's pretty much the first Cadillac since about 1993 that doesn't look like somebody was bound and determined to make the ugliest vehicle they possibly could. The Lyriq actually looks pretty good.
Ten states have “right-to-charge” laws on the books. In California and Colorado, for example, renters or homeowners have the right to install charging at their private parking space or, in some cases, in a public area at their apartment building.
Wagging the dog. When legacy OEMS say 'the demand isn't there', I hear "We're trying to control the narrative to fit our inability to meet demand". Recycled oil - Good luck getting the used oil back in any quantity to make the resource cost worth the effort. EREV - Its a PHEV. Somebody's been copying Toyota's "Self Charging" marketing BS.
I hear "the demand isn't there for our uncompetitive products". I think the EREV distinction is useful, to distinguish between vehicles that do or don't have the ICE mechanically connected to the drivetrain. Technically they're a "series hybrid" but if they're going to become significant then they need their own acronym. SHEV would be better if it didn't sound like a legacy OEM.
@@moblet There was once a meaningful distinction where EREV indicated a series hybrid that was not meant to be plugged in (or couldn't be), like a diesel locomotive. If it is meant to be mostly grid-powered -- wrong name, it's a PHEV.
It’s good to hear oil can be recycled, as well as the container. These kinds of improvements, and somewhat more earth friendly products, are needed since ICE will be with us of decades to come.
Yes, ICE will still be around in 100 years. They will be in museums and on human driving tracks. Pretty sure your beloved gas cars will not be dominant on the roads when gas prices are $12/gallon. You can afford it, buy why would you? Just to be unsafe, slow, and pay more?
@@ethanwelner1230 Yep, he gutted it. Only has the best selling car in the world, Model Y. Oh, and Cybertruck outsold the Lightning. Oh and Tesla Cab will remove 10% of all car sales in the US. That is only a few million less sales a year. I am sure Legacy Auto will be fine with huge drops in profit.
@@davidbeppler3032 The cybertruck has already had many recalls and poor build quality. The silverado EV is ramping slow and steady for a quality product the LT trim in coming out in months and it will be $15k cheaper than the dual motor cybertruck and have 50 more miles of range.
The RAM REV still has a combustion engine that spits out more than CO2 (hazardous gas and chemicals). Try to keep one of these vehicles running in a garage or confined space and then learn what is actually being released into the air we breath.
My wife and I both have been driving Chevrolet Volts 7 days a week for going on 13 years. GM has left the Voltech platform behind and everyone else is just now catching up..... Thank you Bob Lutz!!!!
If EVs actually do become half of all vehicles sold in 2030, then we have to acknowledge Sandy for saying it first years ago, even if he is off his rocker nowadays.
@@mikedx2706 The real problem is that they've raised their prices by enormous amounts and don't really have anything you could call entry-level. Certainly nothing like the Trax and Trailblazer. You can't make every brand you have a luxury product, at least not overnight.
Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and faster than a $650,000 Lamborghini
But in their key application, range extender mode, they get to full speed in a few seconds and run for minutes - they can be very efficient with the heat recovery.
GM just got another Billion from Biden. Why support an American company when you can support a Chinese controlled company instead? Right? GM is owned by China. People forget that. SAIC bought GM in 2009 for $500 million. GM is multinational. China is the top, America is second. Shares are owned by a lot of groups. Even the US gov owns some. But China SAIC is in control. They own it.
China now @ 50% adoption rate for BEV, also they have price PARITY with ICE. Combustion engines are done.The hybrid you buy today will have little value in 2030, this is what Toyota faces, and legacy auto to like GM.
GM CEO promised the impossible, just to buy time for her golden parachute. The official admission comes out now - with some canned sour grapes excuse to go with it - but no one who could do basic math is surprised. At least they have a decent entry level EV to show for it, thanks to external competitive pressure.
It was impossible to deny when she did another 10 billion dollar stock buyback right after agreeing to the union contract she originally claimed GM could not afford. No company serious about investing in a new technology would flush 10 billion dollars in cash down the toilet buying stock back instead of investing in the new tech.
These OEM's really need to outsource their management boards to China... Or India. That way they's save a ton of administration costs and deliver profitability...
@@stickynorth That would make it worse. The issue we have is ceos and board members will pay themselves a bunch of free stock to make themselves owners that can secure their own board seats. Once that happens, they ignore all other shareholders and start acting like a small private ownership group to enrich themselves without going to jail. This is what destroyed boeing, gm, ford, etc. Another indicator is debt. Why do so many massive companies paying out dividends and claiming to be profitable have 10s or 100s of billions in debt? A company should not have any debt if they can fund a dividend, otherwise it means all their profits were fake. They shift debt around to fake profits and run companies into bankruptcy while getting super rich. The whole point of a golden parachute is so a CEO won't grow a conscience and turn away from a bankruptcy cliff.
@@_PatrickO💯 correct on buybacks. Also dividends. Companies that are growth and transforming can't afford to do this, unless they are printing money, which GM is not.
GM makes the same tired ass excuse when they can’t deliver ANYTHING...(people don't want),( the market has adjusted).,...etc.etc.etc.............people don't want WHAT UR PUSHING that's the problem. in a GM world all there evs would start at $90k then go from there. so they can price gouge as much as possible
Yeah, that was a marketing blunder of epic proportions! It was perfectly fine and passed all the required testing, but they needed to brand it as "double refined/purified" with higher testing standards or some gimmick to get folks to not feel they are just using filtered used oil. The average shade tree mechanic shopping for oil isn't an environmental warrior who's going to pay more for the green bottle unless it was actually something special. Maybe if they put the recycled oil emblem on the side of a Nascar or something!
When Kendall sold the Refinery in my home town the new company sold a recycled oil. It was sold without fanfare and was cheaper than the name brand stuff. It was basically generic motor oil. black jug, white label - "OIL", with the grade and the important stuff. I rcall it being $1.04 qt. That was in the 90's tho. I knew many people at the refinery. There is no real difference from a quality stand point between "new" oil and "recycled" or as you accurately called it re-refined oil.
Maybe Stellantis will low-ball contract parts supplies with the Chinese CO’s manufacturing out of Mexico. $50 mil Question? Who will sue who over contract default first?? 😂
You know, literally every EV is supposed to switch to the tesla plug 2025/26. by announcing that the plugs are changing why would you buy the outdated car when its 1 or 2 years away from being able to use Teslas superchargers. like this is why im holding off on a new EV. i hope V2L becomes more a norm and i can use my EV to power my home/ tie in to my solar panels.
Ut-oh, TotalEnergies formerly total oil from France is going to install up to 3000 chargers in England and Ireland. Total had previously purchased Sunpower solar panels in the US and driven the company into bankruptcy. What will they do with the charging system in England?
@@TheDiymovies Because any ICE component is needlessly complex, more cost, more cost to maintain, more weight, less efficiency and basically a PHEV. Look to other places where BEV competed with PHEV as they replaced ICE...they never amount to much. One big reason? Electricity is everywhere. The speed of charging infrastructure build out always blows PHEV/ EREV adoption out of the water. Autoline ain't too bright, they just read news but don't have much expertise.
Has Ford officially announced they are going to pursue EREV technology? Last time I checked they have not. Farley has gone out of his way multiple times in recent months to talk about EREVs making a lot of sense. Particularly for people with range anxiety. So it wouldn't surprise me at all if Ford pursues it. I just doubt somewhat Ford has already committed. An EREV is basically a version of a PHEV. Generally Americans have not shown much interest in PHEVs. I think a lot of Americans figure if they have to plug in at all you might as well go all they way to a pure EV. Otherwise just stick to pure ICE or hybrid where you don't have to think about plugging in at all.
Ha! I did say that GM was NOT going to reach such ludicrous EV goals and here we are! For most regular people, a full EV is NOT an option and will NOT be an option UNTIL battery safety improves and we get ZERO battery fires when you simply park your car in your garage!
If your comments are about GM EVs, maybe, but even GM has fixed their battery fire issues. If it's about EVs in general, it's very uninformed and the furthest thing from true.
ICE cars catch fire ~60X as often as EVs. Even the Bolt fires were less frequent than from the same number of ICE vehicles, you are spreading disinformation...
Been an issue of battery supply. I think GM was smart getting Ultium production right and avoiding a Bolt battery type recall. I understand the Tennessee Ultium plant is ramping up much quicker than the Ohio plant.
Not going to get to 50% EV sales by 2030 by it's nice to be hopeful. 60% of potential passenger car owners can't charge at home, work, or out running errands and that isn't going to change anytime soon. Not until a shopper already see's plugs almost everywhere they park will that turn a corner.
I think if Cadillac would make a hybrid version of the lyriq, and price it below the fully electric model it would outsell both Escalade and lyriq itself.
@@lukerinderknecht2982 "Erev is a Hebrew noun that means "the day before a Jewish holiday or the Jewish Sabbath". The word ʻerebh literally means "eve" or "evening"". What is so hard about just sayinf extended range electric vehicle?
GM is just as ignorant on EV's as it was during the EV-1 era... Nothing has changed. Also why I'd NEVER in a billion years by a crap car from this failing backwater brand...
Agreed. Had they simply claimed "14,000 miles annually gas-free by simply plugging into a wall outlet" it would have made sense & been truthful. Their "230 mpg" campaign was confusing & misleading.
@@KTPurdy Cool. 110,000 miles on our i3 REx currently. 24,000 miles annually on 25 gallons of gas ☺️👍. ZERO range anxiety. No need for a gigantic battery to cover every eventuality.
Where is your integrity, Autoline? Sean McElroy just stated three different Lucid vehicles have 420, 406 and 513 "Miles of Range", which could be no further from the truth - You are saying if a consumer buys one of these vehicles, they will get this mileage. Not true, and you are presenting misleading information as facts in your EV zealotry/over-enthusiasm. Both Sean and his father John McElroy allowing him to mislead the public are doing a disservice to their audience misleading the uninitiated as supposed auto-industry expert media reporters.
They're just quoting the manufacturer's range numbers, which are certified by the EPA. Now, the EPA method is flawed, and you never get the advertised mileage unless under ideal (unreal) conditions, but that's not John or Sean's issue. They're not independent range testers. BTW same goes for ICE mpg ratings, except no one cares enough to ever look into it.
These are not accurate numbers from the EPA - They are contrived by the EPA, and there are too many variables to the actual mileage obtained - At what percent charge of the battery? BEV batteries should be charged to less than 100% - And what happens to the mileage as the battery degrades? Mileage will become less than the misleading number the EPA says it is.
@@dertythegrowernot really its the fact that the market restricts chinese phev which would knock toyota out of the race given their larger ev only range and even longer overall range
No it isn't. Even Bosch admitted it's more expensive and complicated to design, build and maintain... Great for Bosch... Bad for consumers... Industry and Consumer wants and needs are oceans apart... Consumers want EV's... Corporations want Hybrid's... More parts to break, more things you need to take to the dealership to fix... BTW, even that Bosch exec who was on this show drives an EV... That says volumes about what they say as corporate workers and what they do as consumers themselves... Like people who don't eat at the restaurant they work in... Says a lot!
Funny, EV sales might be up but Tesla’s are going down. Teslas simply look old, outdated or plain ridiculous… like the refrigerator on wheels they dared to call a truck
That "Fridge" is the best selling RV pickup. And The other "outdated" models are still outselling everything else by a large margin. All EV sales are up? Good. That means Elons master plan is working.
Love your show but please stop with the " chine is the largest market"! They're 3 times the population of all North America and more than twice of all the Americas combined. Most people there are still on their first car
Electric cars just aren't working for Hertz and other rental companies. Sky-high repair costs and an increased likelihood of crashes have made it hard for rental companies to electrify their fleets!
I am surprised no one makes a small turbine generator for a range extender. They can be kept cool with heat recovery from the exhaust and sucking in turbine air around the motor.
Small turbines give great power to weight ratios at the cost of horrible fuel efficiency and emissions. Kinda defeats the purpose of having the battery.
