CodyBigdog

“The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June. Ferrari is forecasting that approximately 60% of its offer will be split between fully electric and hybrid cars by 2026.”

…Porsche is projecting that by 2030, 80% of their offerings will be electric/hybrid.

jmrichards

The market has spoken. If you propose changing the majority of your product line to electric, you may end up like Fisker.

CodyBigdog

Sure.

“The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June. Ferrari is forecasting that approximately 60% of its offer will be split between fully electric and hybrid cars by 2026.”

…Porsche is projecting that by 2030, 80% of their offerings will be electric/hybrid.

jmrichards

Despite your delusions, the market has spoken. You don't get a vote.

aggie57

History teaches us plenty; look at the history of the automobile in the late 19th and early 20th century. In no way was it a smooth ride, what we are seeing now is not even a blip in comparison. And sadly whether everyone likes it or not, in this case it's not the market speaking that counts. It's democracy, a.k.a. popularly elected governments, that have the final word. And that word is EV.

jmrichards

This:

https://auto.howstuffworks.com/auto-...hat-failed.htm

CodyBigdog

Yes, the market has spoken…just not for the reasons you think it has. But nice try. A major component in the lack of investor confidence in Porsche, is their significant drop in sales in China…where they sell about the same number of cars as they do in the US…or at least they use to. For the time being, Porsche has always emphasized margin over volume. Not sure that business model will be sustainable in China, as their automotive industry continues to come into their own.

aggie57

huh? Not sure what the relevance is..but glad that horses head didn’t stick around!

aggie57

And apparently made worse by EU tariffs on Chinese EV’s:

https://www.reuters.com/markets/euro...ts-2024-06-12/

CodyBigdog

Yep. Number of reasons for Porsche’s stock decline. Tariff wars won’t be good for anybody.

Ikone

You guys arguing about electrification and the environment. We're doomed as it is. Way worse than global warming.


I'm sick to my stomach.

bkrantz

I try to resist the occasional urge to tax rich people for being rich, but would consider taxing stupid people for being stupid.

Ikone

Comments magically disappearing.

M3Inline6

Not surprisingly, it’s all of the angered posts with wording intended to incite.

In any case, it’ll be interesting to see what the next decade brings us as it pertains to EV’s. I think the acceptable middle ground (..established largely by the market) will be hybrids; full EV’s aren’t what the public wants.

CodyBigdog

…and you speak for the public?? 😂

Still growing…just not at the record setting pace from prior years. And a lot of that slowdown has to do with higher interest rates, slow build-out of charging infrastructure, rapidly evolving EV technology (mainly batteries), and higher cost for EV’s (but price wars are changing that part of the equation). But most of the market studies have shown that demand for EV’s is still strong…even if some people delay their purchases.

“Electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase. This is more than six times higher than in 2018, just 5 years earlier. In 2023, there were over 250 000 new registrations per week, which is more than the annual total in 2013, ten years earlier.

Kelley Blue Book counts EV share of total new-vehicle sales in Q1 2024 was 7.3% (growth rate), or about 2% more than ICE car sales during the same period. . While annual EV sales continue to grow in the U.S. market, the growth rate has slowed., “