Mobility EVo’s Post

We learned today from WSJ that General Motors dealers would prefer the automaker to focus on hybrid vehicles, instead of pure electric ones, to supposedly accommodate the customers' preferences. I understand that range anxiety can be a real issue, but can't stop wondering: do dealers make more money on the vehicle sales, or on the vehicle maintenance? Since EV's do not require changing engine oil, transmission oil, timing belt etc, many do not even require going to the dealer until the brake fluid finally needs changing, 4-5 years down the road. Imagine how many oil changes (a.k.a. opportunities to upsell a brake job) have been missed? Given that GM dealers have also been known to steer potential EV customers towards ICE models, it starts to make sense. The incumbent dealer network will end up being one of the major roadblocks preventing the legacy automakers' transition to EV's. https://lnkd.in/gXvCD-cR?

General Motors Chair Mary Barra's decision to align GM's Electric Vehicle (EV) production target with market realities is strategic. The slow EV adoption rate is attributed to high purchase prices, maintenance costs exceeding gas vehicles, and the absence of a widespread charging infrastructure. Hybrid vehicles with gasoline backup are gaining traction for their affordability and convenience. To enhance EV sales, pricing parity with gas vehicles and the accelerated development of second-generation EV batteries are crucial. #generalmotors #gm #electricvehicles #evbatteries Read more: https://lnkd.in/ej5GDzC4

General Motors has announced it will not meet its ambitious target of 1 million electric vehicle deliveries by 2025. CEO Mary Barra cited slower-than-expected market growth as the primary reason. Despite this setback, GM remains optimistic about expanding its EV market share. The company has faced challenges with software, manufacturing, and initial quality issues in its Ultium-based EVs. However, GM sees potential in improving charging infrastructure and EV technology. Moving forward, the automaker will focus on meeting customer demand rather than pursuing specific production targets. This shift underscores the complexities of the EV market transition. https://lnkd.in/g9fZScd8 #GeneralMotors #GM #ElectricVehicles #EVs #MaryBarra #Ultium #NorthAmerica #Sustainability #GreenMobility #EVAdoption #AutoIndustry #ZeroEmission #EVInfrastructure

Not going anywhere fast, the delay of GM's all-electric vehicle production factory in Michigan is a red flag for traditional automakers, and a signal that broader changes are needed to convince buyers to switch from gas-powered vehicles. To some that may sound like hyperbole, but the reality is that the adoption of EVs, which remain costly to produce and purchase, has been slower than many expected. And with various states passing or in the process of passing legislation banning gas-powered vehicles in less than two decades, those goals aren't likely to be met. On paper, we should all be switching to EVs as soon as leases on our current vehicles are up or our jalopies are ready for the junk yard. Unfortunately, EVs face a number of hurdles. For the automotive industry, the enthusiasm has led to seemingly overly ambitious EV production goals. What automakers haven't accounted for are the high manufacturing costs associated with new assembly lines and material costs. Of course, all of those things would be easier to deal with if consumers were indeed snapping up EVs. Consumers aren't. EVs remain unaffordable for many with an average price nearing $54,000. And with inflation continuing to lurk, a maybe recession still making the rounds, and rising interest rates, spending on an EV isn't likely high on the priority list. Then there are the ongoing and valid concerns about EVs, namely accessibility to charging stations and driving range on full charges. While many states are pushing for the phase out of gas-engine vehicles, not enough thought nor funding has been provided to build out the infrastructure for charging vehicles but also the power grid needed to sustain such an endeavor. The alternative may be to adopt more of a hybrid vehicle approach which would allow a more gradual transition over time to EVs. Until then, don't be surprised if other automakers follow GM's path and scale back https://lnkd.in/gDzDDdTB #electricvehicles #automotive #environment #generalmotors #manufacturing

Here is AI-Generated business news update from our friends at https://lnkd.in/gDbaSzbs *** General Motors (GM) has announced that it is launching a new version of the Chevy Bolt EV, despite its previous decision to discontinue production of the model. The decision to reintroduce the small electric vehicle comes just a few months after the company announced a recall of the Bolt EV due to fire risks in its battery packs. GM's move to relaunch the Chevy Bolt EV indicates the company's continued commitment to the electric vehicle market and its determination to address the previous safety issues. The new version of the Bolt EV is expected to feature enhancements and improvements based on customer feedback and advancements in electric vehicle technology. By reintroducing the Bolt EV, GM aims to compete in the growing market for affordable electric vehicles and meet the increasing demand for sustainable transportation options. This decision also aligns with the company's broader efforts to transition towards a fully electric future, as outlined in its Ultium platform and other upcoming electric vehicle models. As GM navigates the challenges and opportunities in the electric vehicle market, the success of the new Chevy Bolt EV will rely not only on addressing safety concerns but also on offering competitive features, pricing, and an efficient charging infrastructure to attract consumers.

Don't believe the headlines! Despite recent media buzz on consumer demand for EVs slowing down, data shows none of that is true. The electric vehicle market is thriving. ➡ In the fourth quarter of 2023, fully electric vehicles claimed a record-high 8.1% market share of new sales in the U.S. ➡Of the 3.8 million light-duty vehicles sold in America during Q4 2023, 317,168 were fully electric (source: Kelley Blue Book). Exciting news for consumers: ➡More affordable EV models like the Volvo EX30 and Chevy Equinox EV, along with existing options, will soon be available under $40k ➡Tesla's Supercharger network is opening to non-Tesla vehicles, and most automakers will adopt the NACS plug Contrary to media claims: ❌Cox Automotive data suggests dealers are taking time with EV sales, but it doesn't signal a slowdown ❌While Ford and GM are facing real challenges, the overall state of the electric vehicle market is healthy #ev #evcharging #evchargers #evcharginginfrastructure #electricvehicles 

Cox Automotive Charges Forward With New EV Battery Solutions Facility in Georgia: … services to support automotive manufacturers, dealers, … facility investments from various automakers and battery manufacturers. … Solutions by Cox Automotive Cox Automotive supports practices … 47;. About Cox Automotive Cox Automotive is the world… #car #cars #awesome

In May, all Ford Motor Company electric models, including the F-150 Lightning and Mustang Mach-E, experienced impressive double-digit sales growth.   Ford’s EV sales last month outpaced their hybrids ( 64.5%) and internal combustion engine vehicles ( 5.6%). 🔄 💨 🔋 Key Highlights:   • 65% Growth in EV sales in May 2024 • 8,966 electric models sold in May • Mustang Mach-E: 4,255 units sold ( 46% YoY) • F-150 Lightning: 3,260 units sold ( 91% YoY) • E-Transit Vans: 1,450 units sold ( 77% YoY)   So, what does this mean for the future of EVs? Despite some bumps in the road, it’s clear that the demand for electric vehicles is not slowing down!   🔗 https://lnkd.in/eTtiq-VY   #ElectricVehicles #EVs #CleanTransportation

The GM #EV numbers for 2023 are worse than I imagined. It delivered 75,883 electric cars this past year, of which just 18% (13,838) use its new Ultium platform. The other 82% were Bolt EV EUV—which it has taken out of production. Hyundai-Kia the Chinese certainly aren't waiting. This is a black mark on management. #gm #generalmotors #electriccars #electricvehicles #autoindustry #automotive https://lnkd.in/e5gjaDAH