{"id":38332,"date":"2023-11-04T12:50:00","date_gmt":"2023-11-04T12:50:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2847362"},"modified":"2023-11-04T12:50:00","modified_gmt":"2023-11-04T12:50:00","slug":"auto-industry-fears-the-worst-as-demand-for-evs-fails-to-meet-expectations","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/11\/04\/auto-industry-fears-the-worst-as-demand-for-evs-fails-to-meet-expectations\/","title":{"rendered":"Auto Industry Fears The Worst As Demand For EVs Fails To Meet Expectations"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>Experts worry that the demand for EVs is out of sync with the amount of investment poured in by automakers. While sales of battery-electric vehicles are steadily increasing, the billions of dollars that have been pumped in by virtually every major manufacturer may not yield the expected return. <\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>High interest rates have been seen as a concern by everyone from industry analysts to Tesla CEO Elon Musk. &ldquo;I am worried about the high interest rate environment that we&rsquo;re in,&rdquo; said Musk, on an earnings call. &ldquo;As I just can&rsquo;t emphasize this enough that the vast majority of people buying a car is about the monthly payment. If interest rates remain high or if they go even higher, it&rsquo;s that much harder for people to buy the car.&rdquo;<\/p>\n<p>Tesla has announced that it is slowing down plans for a Mexican factory, with Musk sighting the current financial climate as a reason. Meanwhile, Honda and General Motors have scrapped a $5 billion <a href=\"https:\/\/www.carscoops.com\/2023\/10\/honda-and-gm-abandon-plans-for-joint-development-of-budget-evs\/\">joint development<\/a> that centered around creating affordable electric SUVs. <\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p><strong>Related: <a href=\"https:\/\/www.carscoops.com\/2023\/10\/vw-groups-bev-sales-soar-but-its-order-bank-is-shrinking\/\">VW Group&rsquo;s BEV Sales Soar But Its Order Bank Is Shrinking<\/a><\/strong><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2024-Honda-Prologue-927-5.webp 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2024-Honda-Prologue-927-5-400x267.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2024-Honda-Prologue-927-5-1024x683.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2024-Honda-Prologue-927-5-768x512.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2024-Honda-Prologue-927-5-1536x1025.webp 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5.jpg 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5-400x267.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5-1024x683.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5-768x512.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5-1536x1025.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Auto Industry Fears The Worst As Demand For EVs Fails To Meet Expectations\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2024-Honda-Prologue-927-5-1024x683.jpg\" data-type=\"inarticle-image\">\n                <\/picture><figcaption>The Honda Prologue was originally designed to be one of many jointly developed EVs between Honda and General Motors <\/figcaption><\/figure>\n<p>        <\/a>  <\/p>\n<p>In a similar move, Ford recently announced that production of the <a href=\"http:\/\/www.carscoops.com\/tag\/ford-f-150\/\">F-150 Lightning<\/a> would be slowed down temporarily. The Blue Oval had been churning out examples of the EV truck with three shifts, but following an announcement in July that it would be redirecting investment into its commercial and <a href=\"http:\/\/www.carscoops.com\/tag\/hybrid\">hybrid<\/a> vehicles, the F-150 Lightning will only be made in two shifts. <\/p>\n<p>Waning demand from automakers has seen the prices of raw materials used in the manufacture of EVs drop sharply. According to a report from <em><a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/more-alarm-bells-sound-slowing-demand-electric-vehicles-2023-10-25\/\">Reuters<\/a><\/em>, prices of lithium have tumbled by 67 percent, while cobalt has fallen 20 percent in 2023, and halving since May 2022. <\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>It&rsquo;s not just U.S. manufacturers feeling the pinch. <a href=\"http:\/\/www.carscoops.com\/tag\/china\">China<\/a>, which has seen immense demand from Europe for its budget-friendly EVs, isn&rsquo;t faring the same at home. Chinese battery maker CATL said that its third quarter was its weakest of the year so far, citing a drop-off in demand and increased competition. Meanwhile, in Europe, Volkswagen cut its profit margin outlook. It too blamed hedges made in raw materials, which have since seen prices drop. <\/p>\n<p>Alarm bells may be ringing within the industry, but consumers continue to warm up to EVs as sales figures gradually increase. In the third quarter of 2023, U.S. electric vehicle deliveries topped 300,000 for the first time ever. EV sales also increased in the EU by 14.3 percent, and 22 percent in China. <\/p>\n<p>So, will the rapid investment in EVs play out in the long term, or has it been too much too soon? Watch this space, and let us know your take in the comments below. <\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3.webp 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3-400x264.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3-1024x675.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3-768x507.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3-1536x1013.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/10\/2024-VW-ID.4-3-2048x1351.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3.jpg 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-400x264.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-1024x675.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-768x507.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-1536x1013.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-2048x1351.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Auto Industry Fears The Worst As Demand For EVs Fails To Meet Expectations\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/10\/2024-VW-ID.4-3-1024x675.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a>  <\/p>\n<\/p>\n<p><\/body><\/html><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a href=https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/findteacher>\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427! <\/a><br>\r\n\r\n\u7535\u5b50\u8ba1\u7b97\u673a -\u6559\u80b2 -IT \u96fb\u8166\u73ed\u201d ( IT\u96fb\u8166\u88dc\u7fd2 ) \u63d0\u4f9b\u4e00\u500b\u65b9\u4fbf\u7684\u7535\u5b50\u8ba1\u7b97\u673a \u6559\u80b2\u5e73\u53f0, \u70ba\u5927\u5bb6\u914d\u5c0d\u4fe1\u606f\u6280\u672f, \u96fb\u8166 \u8001\u5e2b, IT freelance \u548c programming expert. \u8b93\u5927\u5bb6\u65b9\u4fbf\u5730\u5c31\u80fd\u627e\u5230\u5408\u9069\u7684\u96fb\u8166\u88dc\u7fd2, \u96fb\u8166\u73ed, \u5bb6\u6559, \u79c1\u4eba\u8001\u5e2b.  <br>\r\n\r\nWe are a education and information platform which you can find a IT private tutorial teacher or freelance. <br>\r\n\r\nAlso we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation\u2026 \r\n<\/p>\n<p><br>(2) ITSec<br> <\/p><a href=https:\/\/itsec.vip><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITSec-Main-Promotion-Image.png alt= https:\/\/itsec.vip\/\r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.  \r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.\/><\/a> \r\n<br><br> \r\n<p><a href=https:\/\/itsec.vip>www.ITSec.vip<\/a> <br> <br> \r\n<p><a href=https:\/\/sraa.com.hk>www.Sraa.com.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itsec.hk>www.ITSec.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/penetrationtest.hk>www.Penetrationtest.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itseceu.uk>www.ITSeceu.uk<\/a> <br> <br> \r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers. <br><br>\r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2023-Tesla-Fremont-Factory-2-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\"><\/div>\n<p>With billions of dollars already poured into EVs, many manufacturers are cutting back on their plans amidst high interest rates<\/p>\n","protected":false},"author":470,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-38332","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/38332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/470"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=38332"}],"version-history":[{"count":2,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/38332\/revisions"}],"predecessor-version":[{"id":38857,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/38332\/revisions\/38857"}],"wp:attachmen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