Besides Eight States Declaring EVs, People are Placing orders to Build Their Own Electric Vehicles so forget Wall Street Analysts

Recently the reported and I received the press release from Governor Cuomo’s Office to let me know they joined California and six other states to Incentivize Building Their Own Electric Vehicles.

So here’s the story. The Big Guns of eight large and mostly coastal U.S. states, including California and New York, are rolling out a plan aimed at spurring sales of 3.3 million “zero emission vehicles” by 2025 through a combination of consumer incentives and regulatory action.

The reported further that:
The plan will be light on specific details, which will be worked out by the individual states in the alliance—California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont. Together these states account for about 28% of the U.S. auto market, according to a draft of the plan.

The sales goal is ambitious in light of current slack demand for electric vehicles. Currently, there are about 200,000 battery electric cars, plug-in hybrids, and hydrogen fuel cell vehicles on the road in the U.S. About half of those cars are on the road in the eight states allied behind the “ZEV Action Plan.”

Now while Morgan Stanley reported Wednesday that demand for electric and plug-in hybrid vehicles other than those sold by Tesla Motors is sliding. I’m not sure of that given what I’m hearing and seeing around town. Yes I’m in NY but I go to other states.

I agree though that the Global market share for pure electric vehicles of 1% “would be respectable,” but well below prior forecasts of 5-10% share by 2020, Morgan Stanley said.

However here’s the trick. I’m not sure whether to believe these numbers. You see, the demand I have seen for Tesla cars depends upon when a store and where a store is built.

Many States have of recent regulated their way out of selling them. Dealerships are not selling the EV but when Tesla does the ADA’s across the country cry foul. So in other words we have our hands tied behind our back and still kicking butt.

As for the dealership, I love them but the people there don’t know how to sell the cars. Or they don’t get enough money per car and don’t like the ideas of selling more for less. Well more hybrids would sell if the local dealer promoted them. I go across the States and see local dealerships not marketing their respective hybrids, plugins or all electric cars. Well common now tie our hands again behind our back.

So the real answer here folks is it’s up to each one of us to buy and get built their own electric vehicle. Period. Btw I’ll even take a hybrid or plugin hybrid. Just do it.

As well, I’d watch out for when Tesla announces their next car or step forward. More importantly, quarterly sales of Tesla cars has been like hot cakes and more stores opened by me. So if those folks at JP Morgan don’t take constant expansion into consideration you’re kidding yourself.

However, the best line from that article was:

Major auto makers are offering more plug-in models, mainly to meet regulatory mandates in California and other markets. But they are for the most part limited volume offerings that generate losses. Fiat Chrysler Automobiles F.MI -1.23% Chief Executive Sergio Marchionne has been one of the bluntest industry detractors of electric cars, declaring earlier this month that Fiat Chrysler loses $14,000 a car on its Fiat 500e model. “I hope you don’t buy one,” he said.


Enter a caption





Written by greenguruguides

The Green Living Guy, Seth Leitman, is recognized as a green living guru and electric car expert. The Green Living Guy writes about green living, green lighting, the green guru guides, green business and electric vehicles.