The electric car bubble is bursting

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Jamie McKane

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The electric car bubble is bursting

Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.

The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the project commercially viable, billionaire James Dyson said in a letter to staff Thursday.

[Bloomberg]
 
I don't think bursting is the operative word here, entry into this market is very expensive and capital intensive.
From concept to commercial viability is probably a nightmare to say the least.
 
I'd still like a Tesla Model 3/X. I think it might be what I buy next in 2023/4, if the promises of charging infrastructure by companies like GridCars holds up.
 
Hardly a bubble. Also not surprising that that company is failing. Petrol vehicles have a lot of IP that would transfer into an electric vehicle such as the body of the car, safety features, the suspension, etc. They are just figuring out batteries and electric motors to drive it all. Starting with none of those patents and R&D would be very hard to make profitable.
 
Still too expensive. Also needs better battery tech.
 
We need el-cheapo electric cars. Similar to what VW did with the original beetle. Probably too much red tape to make cheap cars.
Currently it's a bit of a luxury item and doesn't make a lot of financial sense, The opposite of what the kind of people who want to save money on petrol want to buy.
 
Urist said:
We need el-cheapo electric cars. Similar to what VW did with the original beetle. Probably too much red tape to make cheap cars.
Currently it's a bit of a luxury item and doesn't make a lot of financial sense, The opposite of what the kind of people who want to save money on petrol want to buy.
Click to expand...
True it is more of a luxury at the moment and not accessible to the masses
 
Urist said:
We need el-cheapo electric cars. Similar to what VW did with the original beetle. Probably too much red tape to make cheap cars.
Currently it's a bit of a luxury item and doesn't make a lot of financial sense, The opposite of what the kind of people who want to save money on petrol want to buy.
Click to expand...

Yeah. Give me a small car, i10/picanto sized that has basic safety features such as ABS/EBD/Airbags and aircon, radio plus a battery that can do 150KM, and I can use it as a daily commuter or town runner.
It's nice to have the range, but if I can have a cheap car with limited range, it still suits 90% of my needs. Especially in our case where we need two cars, one can be electric for basic needs the other petrol for extended trips. It's a start at least.
 
Swa said:
Still too expensive. Also needs better battery tech.
Click to expand...
Yep, we need them solid state batteries... which is what they switched to, good move imo, develop and become the supplier to the industry, no need to build entire car, got many of those already ;)
 
Urist said:
We need el-cheapo electric cars. Similar to what VW did with the original beetle. Probably too much red tape to make cheap cars.
Click to expand...
The quality and safety standards today are much higher than back then, which I expect adds to the costs. I also think the existence of the Beetle owes a lot to state intervention. It might never have been conceived without it, and its production after the war depended on it, at least initially.
 
noxibox said:
The quality and safety standards today are much higher than back then, which I expect adds to the costs. I also think the existence of the Beetle owes a lot to state intervention. It might never have been conceived without it, and its production after the war depended on it, at least initially.
Click to expand...
We've got a lot of incentive and political will worldwide for state interventions for an electectric car for the masses, if it means relaxing some safety regulations it should happen. We're allowed to ride on motorcycles which consists with a seat on top of an engine with handlebars and two wheels.
 
Ip's won't matter if the world's governments collectively agree to develop an open source vehicle for the sake of the planet.
 
Jamie McKane said:
The electric car bubble is bursting

Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.

The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the project commercially viable, billionaire James Dyson said in a letter to staff Thursday.

[Bloomberg]
Click to expand...

BULLSHIRT!

if you can't stand the competition - don't blame the game!
 
It's also kinda pointless to drive an electric car, if the power is still coming from fossil fuels.

Would only make sense if you KNOW for sure that the power is coming from renewables or nuclear.
 
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