VW pulls $97 BILLION from EVs to fund more ICE cars | Auto Expert John Cadogan



EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/AEJC
Grab your EXCLUSIVE NordVPN Deal by going to https://nordvpn.com/AEJC to get a Huge Discount off your NordVPN Plan + 4 extra months for free! It’s completely risk free with Nord’s 30 day money-back guarantee!
Thank you Nord VPN for sponsoring this report.

Save thousands on any new car (Australia-only): https://autoexpert.com.au/contact

Get a great deal on home solar (or add a quality battery to your existing setup): https://autoexpert.com.au/solar

OLIGHT DISCOUNT! (Awesome torches.)
https://bit.ly/3zF5hCQ
12% off: Use code AEJC

VEVOR DISCOUNT! (Industrial & DIY tools at great prices.)
https://s.vevor.com/bfQqSa
Get 5% off with code VVSALES

BLUETTI DISCOUNT! (Portable 240-volt power & power failure protection.)
https://www.bluettipower.com.au/?ref=8xzu1i8qk8
Discount codes here: https://autoexpert.com.au/bluetti

Help support my independent reporting, securely, via Patreon: https://www.patreon.com/user?u=54778969

Podcast (audio-only version, for listening in the car, etc.): https://anchor.fm/autoexpert

Save thousands on any new car (Australia-only): https://autoexpert.com.au/contact

AutoExpert discount roadside assistance package:
https://247roadservices.com.au/autoexpert/

Did you like this report? You can help support the channel, securely via PayPal: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=DSL9A3MWEMNBW&source=url

source

23 thoughts on “VW pulls $97 BILLION from EVs to fund more ICE cars | Auto Expert John Cadogan”

  1. The idea that everyone that buys an EV is some green-hugging extremist is nonsense. Some, to be sure, but far from all. People really need to stop being so "EV or death' and 'ICE or death' types of views.

    Reply
  2. I bought an XC40 recharge because it is much quicker than the gas version, it’s quieter and smoother in every way. Who cares if it’s one of the more inefficient EV around. My right foot loves driving one.
    It flys under the radar with the fuzz, due to Volvos image.
    Carry on

    Reply
  3. Interesting as usual John

    During my career working in the computer field I was introduced, by a technology consulting company we used, to the following general model they used to evaluate any new technologies. The model is a general one and is applicable for most, if not all, new technologies. Applied to EVs it would look something like this.

    1. A technology trigger occurs – For EVs it was most likely the appearance of large lithium – ion batteries. EVs existed over a hundred years ago but lead acid batteries were far too heavy to be practical.
    2. Peak of Inflated Expectations – That has come and gone as claims of no new ICE vehicles required after 2030 or so has collided with reality.
    3. Trough of Disillusionment – That has also come and gone as a number of problems with the technology became apparent. For EVs it was price, charging availability, range, fires etc.
    4. Slope of Enlightenment – Use cases that suit EVs are appearing and the market share of EVs is slowly increasing as the technology improves and prices drop. The critical issue is the angle of this slope as that determines how long it will take for a given level of EV market share to occur. China is leading the way with, I believe, about 50% of new car sales being BEVs or plug in hybrids.
    5. Plateau of Productivity – EVs become just another option to be considered and are used where it makes sense to do so.

    External events, such as a hot war in an oil producing location could speed up the adoption of EVs if it caused petrol prices to reach, say, $10 or even $20 per litre. That would cause a rush in the EV market I am sure.

    One of the characteristics of electricity is that it is generated and used at the same time. Unlike other sources of energy it is not able to be stored in volume – a few batteries, some pumped hydro, etc. EVs require relatively large batteries anyway as part of their basic design. This can allow them to be charged when electricity is plentiful and therefore cheap and to release that energy for other uses when it is required. This could allow them to eliminate the "duck curve" problem with solar panels and smooth out supply and demand curves.

    Reply
  4. We need to focus on lifetime emissions, not the energy source. Even EV groups are admitting that an EV only reduces emissions 40% on a like for like basis. A Polstar/Tesla etc owner is as black as a coal mine compared to a Picanto owner

    Reply
  5. US electric sales have dropped from 7 to 6 percent (ish) and gas sales have gone up to 62% with cost, maintenance of battery failure and charging (lack of) availability and wait times as well as raw material costs to people and environment being the reasoning. The feds are pushing for electrification, the people en mass don't want it, the manufacturers are being forced to produce the cars and the dealerships are getting screwed because they can't carry crs people actually want, they have to buy cars they can't sell so they're getting discounted to the point of giving them away and are being stored all over the place and the dealers are being told to transfer their new cars to the roles of remtsls and loaners to keep up the production/sales numbers for the manufacturers.
    The federal government needs to get the hell out of the wwy, realize the people don't want things rammed down their throats and let the markets come to balance on their own between gas, hybrid and electric cars and the manufacturers need to realize that the people want way more thsn one or two hybrid options and start putting them out across the product range and we need to get off the carbon tax nightmare that just lets the govt bully makers around and give unfair advantage to favorites lime Tesla, who ONLY stsys in business because of the money they make selling credits to other makers. Thier own production and sales are in the toilet and no where ner the pipedream numbers they have predicted, all while ol' Elon expects $5k bonuses per car sold, a ponzy scheme from the get go. (Sales are down, production forecasts will never be met and they're laying people off like they're lepers). The Cyber truck is a joke that chops people's fingers off because they're dangerous and people are canceling their orders… Go do some independent research on Tesla before telling me im crazy.

    Reply
  6. @15:27 Obviously someone who is in the market for polestar is not going to get "small" ICE vehicle. ICE cars being cheaper, means that more people are going to drive = far more Co2 emissions.

    Reply
  7. If the government want EVs. I don't know how they can mandate a private company to make them. As we know by time and ev is less polluting than an ice car the ev needs a new battery amongst other components.

    Reply

Leave a Comment