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> Increased demand -> increased economies With the caveat that demand is decreasing right now. [0] 0. https://www.wsj.com/business/autos/ev-makers-turn-to-dis

> Increased demand -> increased economies With the caveat that demand is decreasing right now. [0] 0. https://www.wsj.com/business/autos/ev-makers-turn-to-discounts-to-combat-waning-demand-3aa77535 https://www.wsj.com/business/autos/ev-makers-turn-to-discoun...

hiddencost 3y ago
The cycles aren't quite that tightly coupled, I think. The current battery tech is responding to demand (and demand predictions) from a couple years ago.
thehappypm 3y ago
I can’t read that article, but, EV adoption is growing like crazy. They went from 6% of new car sales in Q3 2022 to 8% in Q32023. I suspect demand is softer than expected but I am struggling to see how it is “decreasing”.
- jandrese 3y ago
  It's a decrease in the rate of growth, which of course means the industry is doomed doomed doomed according to a big oil guy at the Wall Street Journal. In reality there were some pretty big price bumps in the past year that softened demand and now they're having to walk those back via incentives. In other words normal business shit.
dkjaudyeqooe 3y ago
That's a positive market move, because EV prices have been stupidly high and out of reach for most people in the market for a car. Manufacturers need to to focus on cost and scale, the thing they are, in theory, good at. Competitive pressures should drive the industry to achieve those things.
martinpw 3y ago
Can't read the article but pretty sure demand is not decreasing, what is decreasing is the rate of growth. So still growing, but slower than before, which is a far different story.
wolfendin 3y ago
> Dealers say part of the problem is that a wealthier group of early EV adopters have already purchased a vehicle. Now, the industry is confronting a more reticent group of consumers, who are already being squeezed by high interest rates and rising costs. Seems like the cheaper batteries will solve that

hiddencost 3y ago

The cycles aren't quite that tightly coupled, I think. The current battery tech is responding to demand (and demand predictions) from a couple years ago.

thehappypm 3y ago

I can’t read that article, but, EV adoption is growing like crazy. They went from 6% of new car sales in Q3 2022 to 8% in Q32023. I suspect demand is softer than expected but I am struggling to see how it is “decreasing”.

jandrese 3y ago
It's a decrease in the rate of growth, which of course means the industry is doomed doomed doomed according to a big oil guy at the Wall Street Journal. In reality there were some pretty big price bumps in the past year that softened demand and now they're having to walk those back via incentives. In other words normal business shit.

dkjaudyeqooe 3y ago

That's a positive market move, because EV prices have been stupidly high and out of reach for most people in the market for a car. Manufacturers need to to focus on cost and scale, the thing they are, in theory, good at. Competitive pressures should drive the industry to achieve those things.

martinpw 3y ago

Can't read the article but pretty sure demand is not decreasing, what is decreasing is the rate of growth. So still growing, but slower than before, which is a far different story.

wolfendin 3y ago

> Dealers say part of the problem is that a wealthier group of early EV adopters have already purchased a vehicle. Now, the industry is confronting a more reticent group of consumers, who are already being squeezed by high interest rates and rising costs. Seems like the cheaper batteries will solve that