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Demand for ev’s has fallen off a cliff
Not only are manufacturers closing down ev production lines, but some are even cancelling them entirely
The saving grace was always Tesla, but I argue customers aren’t buying a Tesla because it’s an ev, but rather buying an ev because it’s a Tesla
Regardless, for first time in a couple years, even Tesla saw a 9% drop in sales last quarter
The ev utopia is failing, and only reason manufacturers are hanging onto the dream is because Belgium promised them a top down gov forced market where they could make untold profits
The fact likes of audi and bmw have released their latest models in multiple drivetrain variants shows even they are hedging
And any new ev you see being released today, eg macan, is completely void of reality of demand today, as these are projects that were signed off years ago and now have to come to market to try salvage whatever return they can
I see this partnership with rimac as bmw being doubtful the ev mandated market will materialize, otherwise they would invest in in house development for the long term benefits
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