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"They know the future is 100% EVs" Meanwhile: "Volvo Cars abandons 2030 EV-only target" https://www.reuters.com/business/autos-transportation/volvo-cars-scales

"They know the future is 100% EVs" Meanwhile: "Volvo Cars abandons 2030 EV-only target" https://www.reuters.com/business/autos-transportation/volvo-cars-scales-back-electric-vehicle-ambition-2024-09-04/ https://www.reuters.com/business/autos-transportation/volvo-... "BMW backs away from £2billion electric car pledge amid plans to stick with petrol and diesel vehicles" https://www.gbnews.com/lifestyle/cars/bmw-backs-away-from-ps2billion-electric-car-pledge-amid-plans-to-stick-with-petrol-and-diesel-vehicles https://www.gbnews.com/lifestyle/cars/bmw-backs-away-from-ps... "Audi Changes Strategy, Backs Away From Electric" https://www.dagens.com/autos/audi-changes-strategy-backs-away-from-electric https://www.dagens.com/autos/audi-changes-strategy-backs-awa... "Volkswagen Walks Back EV-or-Bust Strategy That Rankled Rivals" https://www.bloomberg.com/news/articles/2024-05-16/volkswagen-walks-back-ev-or-bust-strategy-that-rankled-rivals https://www.bloomberg.com/news/articles/2024-05-16/volkswage... Future was supposed to be nuclear powered everything at one point in the past. Lo and behold the future, we're burning coal and making fields of things that have limited lifecycles and that can't be efficiently recycled, and that are completely reliant on weather being nice.

worstspotgain 2y ago
The articles you linked are pretty much confirming what I was saying exactly: Volvo: "saying it now expected to still be offering some hybrid models in its lineup at that time." VW: "will need more plug-in hybrids as EV sales decelerate." (I'm not clicking the link on the site for the channel that has Nigel Farage, funny though.)
- ffsm8 2y ago
  It's gonna be hilarious 10-15 yrs after the purchase when the owners of electric vehicles find out that their cars batteries have gone to shit, essentially making their cars resell value 0, while the ICE resell value will likely be even higher then it'd be today, precisely because the used EVs are garbage, effectively removing them from the market. Personally I'd welcome an electric only revolution, because they're a lot less noisy and I hardly ever need a car. But it's future has always been entirely made up marketing speak to prop up shareholder value
  - wraptile 2y ago
    ICE resale is tanking already and no way it can bounce back ever again. Electric is just a superior technology minus charging time. I'm about to buy my first car and while I can't afford an EV I'm very grateful for EVs dropping the 2nd hand market so hard. Currently Mazda 2 from 2020 is half the price of a new BYD Dolphin here and if I needed to drive more I'd get the latter but for that price a cozy road trip rain shelter is too hard to resist!
    - ffsm8 2y ago
      Interesting, I just checked on the most popular used car listing site for my region to check if things changed since the last time I was interested - at least in my region, electric cars deprecate massively more here even now. You get a price drop of 60-70% within 40-60k km for electric vehicles, the ICEs usually only drop by ~50% by 80-100k km. That's less deprecation despite higher usage. And these electric cars are mostly ~4 years old while the ICEs are 6+ years old. At least in my region, ICEs resell way, way better /Edit: the Mazda 2 costs 21k€ new, the byd dolphin 30k. If you're buying a 4years old Mazda for 1/2 of the price of a new byd dolphin, you're actually paying 70% of the list price of the Mazda. That's kinda proving how high ICEs are reselling vs the electric vehicles. The equivalent electric vehicle would've deprecated more
      - wraptile 2y ago
        Seems like our regions have vastly different markets. For the record I'm in Thailand that manufactures BYD and Mazda cars. New Mazda 2 starts at 21k usd and new byd dolphin at 15k. Obviously there's no real 2nd hand market for the Dolphin yet but 5 year old Mazda 2 I'm looking at rn is at 10k so -50% in 5 years which is just massive! The 2nd hand ICE market is so doomed. ICE cars gonna lose value real fast the further EV revolution goes because why would I buy a used ICE car when I can buy a new EV that has 10 times the fuel efficiency and no basically no maintenance overhead? It's a better car in every single aspect minus the refuel time.
  - Animats 2y ago
    It's still early on solid state batteries, but there are some working prototypes now. Samsung is now shipping prototype solid-state batteries to manufacturers. 500 Wh/kg, 9 minute charging, 20 year life are claimed. Manufacturing is hard and early versions will be expensive. BYD management claims that solid state batteries will be for the high end. They're pushing lithium iron phosphate for now. Samsung just announced a small solid state battery for wearables. This technology may appear in small devices before it's in cars.

worstspotgain 2y ago

The articles you linked are pretty much confirming what I was saying exactly: Volvo: "saying it now expected to still be offering some hybrid models in its lineup at that time." VW: "will need more plug-in hybrids as EV sales decelerate." (I'm not clicking the link on the site for the channel that has Nigel Farage, funny though.)

ffsm8 2y ago
It's gonna be hilarious 10-15 yrs after the purchase when the owners of electric vehicles find out that their cars batteries have gone to shit, essentially making their cars resell value 0, while the ICE resell value will likely be even higher then it'd be today, precisely because the used EVs are garbage, effectively removing them from the market. Personally I'd welcome an electric only revolution, because they're a lot less noisy and I hardly ever need a car. But it's future has always been entirely made up marketing speak to prop up shareholder value
- wraptile 2y ago
  ICE resale is tanking already and no way it can bounce back ever again. Electric is just a superior technology minus charging time. I'm about to buy my first car and while I can't afford an EV I'm very grateful for EVs dropping the 2nd hand market so hard. Currently Mazda 2 from 2020 is half the price of a new BYD Dolphin here and if I needed to drive more I'd get the latter but for that price a cozy road trip rain shelter is too hard to resist!
  - ffsm8 2y ago
    Interesting, I just checked on the most popular used car listing site for my region to check if things changed since the last time I was interested - at least in my region, electric cars deprecate massively more here even now. You get a price drop of 60-70% within 40-60k km for electric vehicles, the ICEs usually only drop by ~50% by 80-100k km. That's less deprecation despite higher usage. And these electric cars are mostly ~4 years old while the ICEs are 6+ years old. At least in my region, ICEs resell way, way better /Edit: the Mazda 2 costs 21k€ new, the byd dolphin 30k. If you're buying a 4years old Mazda for 1/2 of the price of a new byd dolphin, you're actually paying 70% of the list price of the Mazda. That's kinda proving how high ICEs are reselling vs the electric vehicles. The equivalent electric vehicle would've deprecated more
    - wraptile 2y ago
      Seems like our regions have vastly different markets. For the record I'm in Thailand that manufactures BYD and Mazda cars. New Mazda 2 starts at 21k usd and new byd dolphin at 15k. Obviously there's no real 2nd hand market for the Dolphin yet but 5 year old Mazda 2 I'm looking at rn is at 10k so -50% in 5 years which is just massive! The 2nd hand ICE market is so doomed. ICE cars gonna lose value real fast the further EV revolution goes because why would I buy a used ICE car when I can buy a new EV that has 10 times the fuel efficiency and no basically no maintenance overhead? It's a better car in every single aspect minus the refuel time.
- Animats 2y ago
  It's still early on solid state batteries, but there are some working prototypes now. Samsung is now shipping prototype solid-state batteries to manufacturers. 500 Wh/kg, 9 minute charging, 20 year life are claimed. Manufacturing is hard and early versions will be expensive. BYD management claims that solid state batteries will be for the high end. They're pushing lithium iron phosphate for now. Samsung just announced a small solid state battery for wearables. This technology may appear in small devices before it's in cars.