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The EV car crash continues: ‘Chinese EV’s are filling up EU ports’ unsold

The EV car crash continues

By Jo Nova

Government plans to badger us into EV’s have hit a hurdle

Things are so bad in the world of electric cars that fields of the cars-of-the-future are appearing at ports in the EU. China has shipped 1.3 million EV’s there in the last quarter but they are piling up in car parks unsold. Countries within the EU are throwing money at customers to get them to buy EV’s, and companies are discounting too, but still it isn’t enough. EV sales fell by 11% across the EU and by 29% in Germany.

Across the Atlantic, something is going wrong in the USA too. The world’s top brand is renting space in shopping centres and airports in America to store the unsold cars.

Car dealers are warning they might not be able to sell many petrol cars, even when buyers walk in to buy them, because they can’t find  enough EV buyers so they can meet the mandated target ratio. We might be at the start of a buyer freeze…

Chinese EV’s are filling up EU ports

There are just extraordinary shots of cars lined up in EU ports:

By John Varga, The Express UK

Major EU ports are almost full to capacity with Chinese electric vehicles (EVs) that no one wants to buy. A slump in sales across Europe has caused parking lots at the Belgian ports of Antwerp and Zeebrugge to fill up with the Chinese imports.

A spokesman for the Port of Antwerp-Bruges, the second largest in Europe, said: “This is what is happening in all European ports that handle large numbers of cars.”

And it’s a similar story in the US:

AU0:44 / 1:56 Hundreds of Tesla vehicles parked outside Chesterfield Mall. Why?

Watch it on Youtube

Unsold Teslas Pile-Up In Mall Parking-Lots, Big Discounts Likely

Mike Shedlock, Mishtalk, via ZeroHedge

Please consider Tesla’s Storing Unsold Inventory In An Abandoned Mall Parking Lot

Parking lots full of Tesla vehicles are becoming impossible to ignore as the electric automaker seemingly can’t sell enough cars and trucks to match its rate of production. According to its own figures, the electric automaker produced 46,561 more vehicles than it delivered to customers during the first quarter of 2024. Where are all these cars going? Parking lots at its factories, malls and airports.

 

Drivers warned of petrol car shortages as net zero to ‘choke off’ supply

By Matt Oliver, The Telegraph

Car salesmen face a shortage of petrol vehicles under Rishi Sunak’s net zero crackdown, one of Britain’s biggest dealership chains has warned.

Vertu Motors said sales of electric cars had “stalled” in the UK, raising the risk that manufacturers will miss sales targets mandated by law. Under the zero emissions vehicle (ZEV) mandate, 22pc of carmakers’ sales must be electric this year with the target rising annually until it reaches 80pc in 2030.

But with manufacturers risking fines of £15,000 per car for breaching the rules, Vertu warned that many might simply throttle supplies of petrol and diesel cars to artificially boost their compliance.

EV Sales crash graph.

EV Sales UK Telegraph

Australia copies the UK and US “emissions standards” just as EV sales fall

With uncanny timing the Australian government has adopted the same rigged ratio of EV sales that isn’t working in the UK or the US, and they’ve done it the same week car magazines here are just starting to ask “Is the honeymoon over for electric vehicles in Australia?”

Australia is years behind the EV bubbles of Europe and America because we are the last rich nation on Earth that anyone would want to buy an EV in. We’re sparsely populated and 5,000 kilometers wide. Half the continent doesn’t have high voltage line within 100 kilometers of the road let alone a fast charger.

As luck would have it, sales for EVs in Australia were barely starting to take off, but EV sales declined in April for the first time since EV’s became “a thing”. It’s only a 5% slip, but it’s the trend, the trend…

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