Conversations That Matter | A Bleak Market for EVs (w/ Adam Pankratz, University of British Columbia) @ConversationsThatMatter | Uploaded June 2024 | Updated October 2024, 5 hours ago.
“Little did we know how fast the free market would slap the electric vehicle mandate back to reality, while Canadian taxpayers continue to subsidize green fantasies,” says Adam Pankratz, a lecturer at the University of British Columbia’s Sauder School of Business. The “slap” is in reference to plummeting sales of electric vehicles in North America.
Pankratz says, “The signs emerged in September 2023 when Volkswagen announced it was ‘cutting EV output’ due to low demand and in November, Ford announced it would ‘be scaling back’ EV battery production due to lackluster demand.”
As the new year emerged, EV news stayed on the same trendline. Pankratz said, “General Motors, Mercedes Benz and even Tesla warned EV sales were projected to be significantly lower than predicted.” Add in Hertz’s decision to sell off most of its EVs and the message is clear – the market is cool on electric cars.
We invited Adam Pankratz to join us for a Conversation That Matters on the trajectory of electric vehicle sales and what that says about government directives versus market forces.
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Please become a Patreon subscriber and support the production of this program, with a $1 pledge goo.gl/ypXyDs
The views discussed in this video are the opinions of our guests and do not necessarily reflect the opinions of Oh Boy Productions or this show. Any images in this video are for fair use only, as we are a journalism outlet that seeks to illustrate the topic or guest involved.
ctm507 #electricvehicles #cars #electriccars
“Little did we know how fast the free market would slap the electric vehicle mandate back to reality, while Canadian taxpayers continue to subsidize green fantasies,” says Adam Pankratz, a lecturer at the University of British Columbia’s Sauder School of Business. The “slap” is in reference to plummeting sales of electric vehicles in North America.
Pankratz says, “The signs emerged in September 2023 when Volkswagen announced it was ‘cutting EV output’ due to low demand and in November, Ford announced it would ‘be scaling back’ EV battery production due to lackluster demand.”
As the new year emerged, EV news stayed on the same trendline. Pankratz said, “General Motors, Mercedes Benz and even Tesla warned EV sales were projected to be significantly lower than predicted.” Add in Hertz’s decision to sell off most of its EVs and the message is clear – the market is cool on electric cars.
We invited Adam Pankratz to join us for a Conversation That Matters on the trajectory of electric vehicle sales and what that says about government directives versus market forces.
---
Please become a Patreon subscriber and support the production of this program, with a $1 pledge goo.gl/ypXyDs
The views discussed in this video are the opinions of our guests and do not necessarily reflect the opinions of Oh Boy Productions or this show. Any images in this video are for fair use only, as we are a journalism outlet that seeks to illustrate the topic or guest involved.
ctm507 #electricvehicles #cars #electriccars
