The mainstream (financial) media keep espousing how EV demand is waning. Here we have a set of misleading facts which few take the time to research.
In this video I discuss how a declining in the growth rate is not a sign of waning demand. Instead, it is simple math. No matter what the product, the growth curve is going to eventually flatten out.
▶️ 3Speak
According to the main stream media the demand is not dieing in fact it is just natural progression for Ev's.
I liked those stats, makes me wonder about the upcoming market in Afrika and India.
It will be interesting. BYD is the one to watch there. They have a vehicle that is about $10K USD. I dont think it is exported now but that could be something that could appeal to many areas of the world.
Well maybe, maybe not. Production at scale is 100-times harder than developing, as Musk has repeatedly said.
That is true but BYD knows how to scale EVs. They arent like legacy auto. They were able to pump out 1.5 million last year.
The building of factories still has to occur of course which takes time. Their bigger challenge will be tariffs and geo-politics.
They want to be big in Japan, that's not going to happen.
EU? I'm sure the regulation work will take 5000000000000000000000000years.
US? oÓ
Arabia, not interested in EVs.
North and South Africa? Unstable, but possible.
South Amerika and Indochina? Fist valid market I can see outside of China.
Am I wrong?
The EU actually needs the Chinese auto makers since the Germans arent really building a lot of EVs, especially in a cost effective manner.
I think entry in the US is going to be tough. You are right, Japan is protected. Australia is a market they could tap into.
It will be interesting. If BYD does get plants running in Mexico it is game over for US auto.
I just rewrote this, to make it more fun to read:
The EU Parliament seems to be orchestrating their own version of "Grand Theft Europe," effectively sidelining BYD's advancements, as their gains don't align with the EU's interests. Unfortunately, the needs of their citizens appear to be sidelined in this strategic play. Meanwhile, Smart and Fiat are rolling out small, affordable EVs, but let's be real – they're not turning heads or winning hearts, primarily due to perceived status drops.
Pondering over the Australian market for a fleeting moment – roughly a quarter of a second – led me to deduce that this vast, untamed continent might not embrace EVs fully for another two decades. Sure, in the "major" cities (which, by global standards, aren't exactly colossal), there's potential. I envision a future where solar power and EVs merge, much like how golf carts are utilized now, but that's likely where it caps off for the vast majority of the Aussie landscape.
Guess the price Mr Task.
Well you have carefully analyze this issues but not withstanding there still some objections to it. But I believe it's comes to clarity real quick
A lot of media are pushing agendas. I have seen different stories saying opposite things. As you've stated, there is declining growth rate, some like to interpret it as waning demand, while others as the expected flattening out of the growth curve.
you are right o.o that's normal when we look at the graphs for anything. But I saw something about china having 30% of their vehicles electric O.O. I think we will see increase in electric ownership once it starts being more and more affordable
Summary:
In this video, the speaker refutes claims made by mainstream media about a decline in demand for electric vehicles (EVs). He argues that the EV market is actually growing at a significant rate, outperforming traditional internal combustion engine (ICE) vehicles. The speaker illustrates potential growth rates using simple math and highlights the disparity between EV sales from companies like Tesla and Chinese manufacturers compared to traditional auto giants like General Motors. He also speculates about future trends in the EV market and the potential impact of Chinese EV manufacturers like BYD entering international markets.
Detailed Article:
The video begins by addressing a prevalent narrative in the mainstream financial media, which suggests a slowdown in demand for electric vehicles. The speaker outright dismisses these claims, labeling them as falsehoods perpetuated by major advertisers like General Motors, Ford, Volkswagen, Toyota, and Honda. He emphasizes that the EV market continues to expand each year, vastly exceeding the growth rate of ICE vehicles, which have been facing a decline in sales since their peak in 2017.
To illustrate the concept of exponential growth, the speaker presents a simple mathematical example. He outlines a scenario where EV sales double each year, eventually surpassing the global auto market within seven years. While acknowledging the impracticality of sustained exponential growth, he underlines the fundamental concept that the EV market is far from reaching its peak and is still poised for expansion.
The speaker further delves into specific figures to substantiate his argument, contrasting the underwhelming EV sales of traditional automakers like General Motors with the success of Tesla and Chinese EV manufacturers. He points out that Tesla's Cybertruck alone could potentially outsell General Motors' entire EV lineup in a much shorter timeframe, emphasizing the disparity in innovation and market performance between different players in the industry.
Moreover, the discussion extends to the challenges faced by Chinese EV manufacturers like BYD in entering the US market and the potential repercussions for established automakers. The speaker speculates about the future export opportunities for BYD in Europe and other regions, hinting at the disruptive influence these companies could have on the global auto industry.
In conclusion, the video serves as a compelling argument against the narrative of declining EV demand propagated by mainstream media. By highlighting the consistent growth and innovation within the EV market, the speaker advocates for a more optimistic outlook on the future of electric vehicles and anticipates significant shifts in the industry landscape driven by players like Tesla and Chinese manufacturers.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.