EV Dreams go bust

[Hamloc]

Article in the Financial post. Stellantis takes a write down of $26 billion USD on its EV division. Ford has taken a write down of $19.5 billion USD on its EV division. GM has taken a write down of $7.6 billion USD on its EV division. And yesterday Mark Carney put stricter emission regulations on passenger vehicles instead of Trudeau’s EV mandate but really just a mandate by another name. He is still talking 75% EV’s by 2035. Always amazes me how tone deaf governments can be.

[chuckChuck]

You forgot about the federal rebates and investments in charging infrastructure. And LG purchased Stellantis share of the Ontario battery plant as it is still going ahead.

The big 3 are pulling away because of Trump's tariff stupidity and China and Europe are filling the void.

The future is EVs and the big 3 will be late to the game because of Trump losing the innovation race.

There is no reason to side with Trump who is so opposed to manufacturing in Canada. He will be a lame duck in a few months and gone in a couple of more years.

Car companies can't afford to ignore the EV revolution.

[Hamloc]

You forgot about the federal rebates and investments in charging infrastructure. And LG purchased Stellantis share of the Ontario battery plant as it is still going ahead.

The big 3 are pulling away because of Trump's tariff stupidity and China and Europe are filling the void.

The future is EVs and the big 3 will be late to the game because of Trump losing the innovation race.

There is no reason to side with Trump who is so opposed to manufacturing in Canada. He will be a lame duck in a few months and gone in a couple of more years.

Car companies can't afford to ignore the EV revolution.

Well let’s see, under Trudeau we had EV subsidies, didn’t work. Under Trudeau money was invested in charging infrastructure, didn’t work. Mark Carney doing the same thing expecting different results. Trudeau 2.0. As far as Europe goes, same article, Porsche as an example has walked back their EV sales expectations 4 times in the last year. And yup lots of EV’s sold in Norway, the government practically buys the car for you and geography dictates abundant cheap hydro power.

I wouldn’t call it an EV revolution. I would call it a government dictated juggernaut!

[AlbertaFarmer5]

And yup lots of EV’s sold in Norway, the government practically buys the car for you and geography dictates abundant cheap hydro power.

And that is where the big government socialist types who support mandated EV's and unreliable electricity went hopelessly wrong.

They simultaneously want to make electricity much more expensive and unreliable, with wind, solar, batteries, Carbon capture, carbon taxes etc. and expect to increase consumption of said electricity with forced EV adoption.

And it ends the same as every other price control or mandate the socialists have attempted throughout history.

If we could have made electricity abundant, cheap and reliable like Norway, EV's might have sold themselves.

[Old Cowzilla]

My grain buyer talked about new ford EV truck bought 6 months ago by grain co. As of last week after cold spell truck refused to take charge and battery dead. With ford stopping production I am thinking they will take quite a hit on this truck regarding resale. And my dockage my take a hit for a while

[chuckChuck]

Global electric vehicle (EV) sales continued to rise in 2025, with total sales expected to exceed 20 million, accounting for over a quarter of all new cars sold worldwide. This follows a record-breaking 2024, where sales exceeded 17 million units and more than 20% of new cars sold globally were electric.

Key Regional Highlights (2025 & Latest Data)

• China: Remains the dominant force, with EV sales reaching 12.9 million in 2025, a 17% increase. In 2024, nearly half of all new cars sold in China were electric.
• Europe: Experienced strong growth in 2025, with sales up 33% to 4.3 million units, rebounding from a period of stagnation in 2024.
• North America: The market lagged behind, with sales declining by 4% in 2025 to 1.8 million units following the end of US tax credits.
• Emerging Markets: Showed the fastest growth, with EV sales in the "Rest of the World" category rising by 48% in 2025. Brazil and Southeast Asia saw significant upticks, driven by affordable Chinese models.

Key Trends

• Record Growth in 2025: Despite some regional slowdowns, global EV registrations rose by 20% in 2025 to a total of 20.7 million.
• Market Share: Over 25% of new cars sold globally in 2025 were electric, up from roughly 18% in 2023.
• Rising Competition & Lower Prices: Increasing competition, particularly from Chinese manufacturers like BYD, has driven down prices and improved affordability, helping to overcome the, at times, slower adoption in Western markets.
• Shift in Power: While China, Europe, and the US are the largest markets, emerging markets in Asia and Latin America are increasingly becoming key players in the EV transition.

2026 Forecast

• Global EV sales are expected to grow further in 2026 to reach 23.9 million, a 15.7% increase, with the share of electric cars in overall sales set to continue rising, potentially reaching 27.5%.

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[Grain Farmer]

Bull shit again cc.
Go back under your ????.

[chuckChuck]

Yeah Grain Farmer's doesn't like facts and evidence!

[Grain Farmer]

Cut and paste shit that means nothing.

[blackpowder]

EVs will come in their own time.
So too will some of the NA auto makers fall.

Not sure how much the state backs industry in China..? But I'm not paying for companies here to just take the money and run. Who's pockets did that line. Guess I'm not the average sheep.

I see the re-birthed SNC Lavalin is doing really well.
Too bad no money for Quebec in building reactors in the West.