Company’s decision to stop the electric craze Mary bar revealed three shocking reasons why GM abandoned EV production plans number three EVS are not popular anymore despite countless government incentives to force EVS Upon Us American buyers have decided that enough is enough despite Rising sales during previous
Years the number of sold EVS has dropped significantly in 2023 official sources state that EV sales dropped by a staggering 20% in the first half of 2023 Mary bar announced recently that GM retimed the conversion of the irine assembly plan to an EV truck production plan till late 2025 furthermore they
Also announced that they won’t be prioritizing EV production for now and the projected 400,000 EV unit target has been scrapped altogether however GM isn’t the only company that’s been under Fire when it comes down to EV sales apart from GM both Ford and stellantis have had a bunch of problems when it
Comes to selling their EVS Ford’s Mustang Machi has lost a huge chunk of its popularity and the demand for the F-150 Lightning seems to have dropped significantly this resulted in Ford expecting a financial loss of up to $4.5 billion which equals to a little bit over $30,000 per EV the only company
That isn’t losing popularity when it comes down to EV sales is Tesla however that’s because of their extremely Niche customer base but despite their popularity still being high even they know that EVS are getting cold feet in the current market this is why Elon Musk decided to lower the prices of Tesla’s
Models it seems that paying thousands of dollars more for a lowquality vehicle that has limited range with no no practical benefits wasn’t the answer that us buyers were looking for sure electricity is cheaper than gasoline however what good is that when the prices of fast charging keep Rising
Rapidly the middle class is Seeking a reliable and trustworthy way of transportation and not some questionable technological exhibition not to mention that you need to drive your EV for 10 years until the price difference between it and its regular counterpart becomes noticeable honestly we doubt that an
Eevee would last 10 years of use without any serious fault Ford knew that the EV segment albeit lucrative still couldn’t hold a candle to regular vehicles and their Maverick proved them right the Maverick itself shows everything wrong with EVS as for a fraction of the price you’d get a practical roomy comfortable
And very fuele efficient car despite all this out of the three American Giants GM remained the only manufacturer that kept forcing EVS Against All Odds instead of offering a solid competitor against the Maverick they insisted upon expensive and cheaply built EVS incredibly after two years of forcing EVS upon their
Customers GM has realized that Americans still prefer traditional Vehicles this is why they decided to delay or completely shelf most of their upcoming EVS in favor of more traditional models the only place people keep buying EVS is in Norway in Sweden and spoiler alert those folks aren’t interested in GM’s
Halfast model range speaking of not being interested in GM products number two GM zvs have been exceptionally unpopular with the public despite the other company shortcomings their EVS remain somewhat popular among buyers contrary to that GM’s EVS have consistently failed to meet public expectations and honestly there are so
Many reasons for this that we don’t know where to start from first of all GM zvs have for the most part been extremely unattractive to say the least just look at the Chevy bolt and tell us if that car looks appealing in any way shape or
Form the car is so gnarly to look at that even severe price Cuts can’t help its sales figures to make matters worse the the Chevy bolt makes virtually no sense as a vehicle especially not in the North American Market it’s a subcompact hatchback which in itself isn’t anything
Bad However the fact that a subcompact hatchback starts well above $225,000 for the base model is simply stupid furthermore the fact that GMS always tend to be extremely boring and uninspiring does not help their cause in the slightest virtually everything besides the Silverado EV looks and feels
Like a fever dream and even the Silverado’s front facial looks way too weird to do the granded good honestly the Silverado EV looks like if a regular Silverado got its face pinched it’s a very divisive design oh and even if you like how the Silverado looks good luck
With getting one as of November 2023 fewer than 20 Silverado EVS have been made in Factory Z in quarter 3 2023 laughable just laughable furthermore GM itself has had numerous problems when it comes down to its Public Image GM keeps overpricing its vehicles and keeps underpaying its workers to achieve as
Much profit as possible the United Auto worker strike showed the severity of the problem it also cost GM almost $800 million the biggest problem that GM came across was the fact that GM kept selling trucks and SUVs that were faulty from the factory the company even needed to
Pay a fine of over $100 million because of the huge quality control issues that have been plaguing their vehicles do you trust such a company to build an easily flammable and highly complex vehicle yeah nah some projections say that GM’s EV plan alongside its current image would result in the company completely
Losing its foothold in the US by 2026 that would honestly be impressive to see but we’re still glad that GM is coming to its senses so before bar could even dream of releasing a bunch of EVS to their giddy I mean customers they’re
Going to have to put in a lot of work to salvage their current brand image number one the appearance of new pollution-free ways of powering Vehicles it’s no secret that EVS aren’t as green as companies would make you believe lithium mining is an extremely dirty business and creating
Batteries is very expensive and toxic to the imminent environment Australia Germany Serbia and many other countries are prohibiting companies from mining lithium on their soil because of the high amounts of toxicity it produces mining lithium directly pollutes the water and soil and has an immediate impact on the near population’s Health
While also raking havoc on the ecosystem statistics say that by the time a single EV gets produced it is already polluted enough to make a significant environmental impact as such most companies are looking for alternative ways to power their vehicles Toyota for example keeps experimenting with hydrogen in the past few years Toyota
Managed to improve upon their fuel cell technology while also working on creating all new ways of using hydrogen as a propell in for example they’ve recently built an internal combustion 1.6 turbo four engine that runs exclusively on hydrogen and it isn’t gutless while doing so they’ve also announced a naturally aspirated 5.0 V8
With over 400 horsepower which is sure to win our hearts not to mention that BMW has also been working on making hydrogen powerered fuel cell vehicles for more than two decades now and they might just ramp it up because e are getting shaky legs on second thought
Maybe not as BMW’s choices these days seem to be rather questionable in every way possible especially styling also Toyota isn’t the only company that’s doing this as Mazda recently announced their iconic SP concept car which is a sort of kind of hybrid that runs on carbon neutral fuel it combines the
Virtu of electric vehicles with regular EVS while allowing it to have a good amount of range at a very fast recharge time all in all it’s only a matter of time before GM steps in and starts experimenting with her own fcevs or hydrogen powered vehicles there are a
Few caveats when it comes down to hydrogen however which is why we’re still not seeing fcevs or hydrogen combustion vehicles on the roads the first and therefore biggest reason is the fact that making hydrogen isn’t exactly pollution free yet despite it being the most blutiful element in theit
Universe hydrogen as a gas is very scarce instead to acquire hydrogen we have to produce it or extract it from various sources this includes water natural gas nuclear power and many others which doesn’t exactly make it easy to produce furthermore hydrogen is a highly flamable and unstable gas which
Means that storing it won’t be easy but even with all said and done this technology is still at its infancy and there are major areas that can be improved upon but even though EES are technically less polluting than hydrogen powered vehicles are still far from perfect and still pollute more than the
Regular IC vehicles in the long run which is why we’re glad that most companies like GM are getting a severe reality check thanks for watching and see you next time
