20 October 2022

Short additional comment on EV market

There are exactly two automakers in the world that make money on every pure battery EV they sell. And they are the largest and second largest EV makers in volume as well. They are BYD (Chinese company, plans to build 4 million EVs and PHEVs next year), and Tesla. Sam Evans (the "Electric Viking" on YouTube) predicts BYD will be the largest automaker, period, in the world, by 2030, and Tesla is on track to be second. Both these companies didn't even exist as automakers in 2000. And they will be each larger than Ford, GM, Stellantis, Renault, Daimler, BMW, Volkswagen, Porsche, Volvo, Hyundai Group, Toyota, Nissan, Mistubishi, Subaru, Honda, Mazda, or Tata (India), which is a list of pretty much all the major automakers in the world as of 2000, as currently constituted.

BYD electric model

I submit this as proof that a major revolution in the auto industry is well past its tipping point.  

No comments:

Post a Comment

Gyromantic Informicon. Comments are not moderated. If you encounter a problem, please go to home page and follow directions to send me an e-mail.