FuelGems · Huge Surprise! Americans Refuse...

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For the past 15 years, big bets have been made that EVs will dominate the market. EV boom is not happening; it is hitting slow down.<a href="https://www.youtube.com/watch?v=Pt3hkv0ELvw" target="_blank" rel="nofollow">Americans Refuse to Buy EV’s… Why? </a><a href="https://www.reuters.com/business/autos-transportation/industry-pain-abounds-electric-car-demand-hits-slowdown-2024-01-30/" target="_blank" rel="nofollow">Industry pain abounds as electric car demand hits slowdown</a>FuelGems understood internal combustion engines will sell strong until 2070 and possibly much longer. With population growth, the usage of gasoline and diesel will likely grow.Issues with EVs:EVs are as clean as sources of electricity: coal, methane, and nuclear, making them slightly cleaner than fossil fuel vehicles.The grid and electricity production needs to double to switch 100% to EV transport!There are myriad reasons why Americans do not want to buy EVs:<ol><li>Not easy to charge</li><li>High costs to fix</li><li>Difficult to fix: a small number of mechanics</li><li>Poor performance in colder weather</li><li>Potentially dangerous due to high voltage</li><li>High insurance costs</li><li>Fear of taking the EV on long-distance trips</li></ol>FuelGems is well-positioned for future growth!

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Apr 10

2024

Huge Surprise! Americans Refuse to Buy EV’s... Why? Electric Car Demand Hits Slowdown

For the past 15 years, big bets have been made that EVs will dominate the market. EV boom is not happening; it is hitting slow down.

Americans Refuse to Buy EV’s… Why?

Industry pain abounds as electric car demand hits slowdown

FuelGems understood internal combustion engines will sell strong until 2070 and possibly much longer.

With population growth, the usage of gasoline and diesel will likely grow.

Issues with EVs:

EVs are as clean as sources of electricity: coal, methane, and nuclear, making them slightly cleaner than fossil fuel vehicles.

The grid and electricity production needs to double to switch 100% to EV transport!

There are myriad reasons why Americans do not want to buy EVs:

Not easy to charge
High costs to fix
Difficult to fix: a small number of mechanics
Poor performance in colder weather
Potentially dangerous due to high voltage
High insurance costs
Fear of taking the EV on long-distance trips

FuelGems is well-positioned for future growth!

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2 years ago

I disagree that CEs will outsell EVs until 2070. Fuel Gems is a great addition to CEs for fuel improvements and perhaps to CE batteries as well. But, while undeniably EV sales/deliveries have slowed somewhat with interest rate hikes and phasing out of government subsidies, the EV industry is growing and taking market share from CEs. BYD, Baidu, GM, Ford, Tesla, Nio, and other EV manufacturers are building or expanding factories. The growth curve falling is what has all the analysts downgrading stocks. The genie got out of the bottle with Tesla, and by 2035, CEs will be on their way out in aerospace, automobiles, and trains.

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EVs will be the future, but that is 100 years from now.

Those reasons & more are why fleet electrification is not growing as quickly as forecasted. Tires (EVs are heavier and that makes them go through tires faster) & residual values are huge barriers for fleet electrification. EVs have to get lighter, lower priced & electrical charging needs to be standardized in the way gas prices are to be mainstream. Hertz could not make it work.

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Honestly, I'm not surprised at all. I've always thought that with the all the hype of switching to just everything electricity without even thinking for any other type of redundancy and other ramifications was ridiculous.
EV's are a nice alternative but was never the answer especially when the powers at be wants to cut all ICE. That right there was a red flag.

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