Reply To: Volkswagen to slash electric vehicle production blaming low sales…

#225176
Glos Guy
Participant

    This is not about EV’s as Tesla have recorded record sales. It’s about over priced poor quality EV’s, they need to reduce prices.

    I think this is an example of where statistics can mislead. All manufacturers (including VW) will be selling ‘record’ numbers of EVs. The segment is growing by 31%, far more than other types of cars. This is not surprising given that 31% growth is very easy to achieve when EVs represent only 800,000 out of 35 million cars on our roads.

    The issue is that this level of growth is significantly less than is needed to meet the targets that manufacturers will have been working to, which is just one of many reasons why the next government will have no option but to push 2030 back, probably by at least 5 years. The revised date could well move back in future years as well!

    Tesla have had to make substantial price reductions in order to shore up demand and let’s be quite clear about this – no company slashes it’s prices like that if they could have sold them at the higher prices! Whilst they have hacked off existing customers, it’s a clever move. They are growing market share and will be forcing other manufacturers to take drastic action. Obviously this won’t be good news for those who have already purchased an EV privately (as they will get absolutely clobbered with depreciation), but it will make EVs more affordable in the future. However, as others have mentioned, price is just one of many current obstacles, especially for the tens of millions who won’t be able to get a home charging solution.