The demand for electric vehicles has already collapsed before the Democrat Party’s Green New Deal mandates have even gone into effect. That’s too bad. (LOL!) Sales of most brands of EVs have fallen off a cliff, and it doesn’t look like they’ll be climbing back out of the hole anytime soon. The biggest loser in this global warming boondoggle appears to be Ford, which now has thousands of unsold electric pickups sitting on sales lots like a nasty and unwanted pit bull at the animal shelter.
Tesla is the only electric vehicle that is still turning a profit and selling vehicles at this point. That’s because Tesla is not pretending to be something that it’s not. A Tesla is a luxury toy for rich people living in big cities with lots of chargers available to play with. It’s like having an extra jet ski at your second luxury home on the lake. It’s a product that simply does not apply to most Americans’ lifestyles.
Now that weather cultists like Joe Biden and Gavin Newsom are trying to force all Americans into buying EVs, the automakers are all rushing to try to bring vehicles to market. No one voted for this. It’s just being forced on Americans from the top down. Unfortunately for the globalists who want us to eat bugs and live in a pod, there’s more than one way for us to vote. Americans are voting on the EV mandates by not spending their money on these silly toys.
Sales of the Ford F-150 Lighting electric pickup just plummeted by 46% year-to-year in Q3 of 2023. They sold 6,464 electric trucks in the third quarter of 2022 and only 3,504 in the third quarter of this year.
Ford executives think there’s some hidden demand for these vehicles out there, and they believe they’ll be able to sell hundreds of thousands of these trucks every year. At the current rate, they’ll be lucky to sell 42,000 this year. Ford sells about 650,000 gas-powered F-150s for comparison.
Most of the sales of the F-150 Lightning have also been to government fleets that are switching out to all-electric since Joe Biden holds them captive and really can force them to pay for the vehicles (with your tax dollars). Normal consumers don’t want these vehicles, and that’s the big problem for Ford.
The ideal number of vehicles to be sitting on a car dealer’s lot is a 60-day supply. Thanks to the glut of F-150 Lightnings that no one wants to buy, Ford dealerships are sitting on an average of a 97-day supply of vehicles. They’re gathering dust.
As a result, all dealer stock orders for the 2023 F-150 Lightning were just canceled across the US. So now, all of the 2023 model-year EV trucks are going to stay at the factory lots. Ford claims that the vehicles are undergoing “additional safety checks,” but the truth is that there’s no room on the dealer lots for new model EVs. They’re going to hold out for a year and hope that the dealers can sell some of the overstock on the 2022 Lightnings. The new 2023 F-150 Lightnings that were supposed to go on sale this fall are going to end up as the 2024 F-150 Lightnings.
Ford isn’t the only company in trouble over this. Volkswagen is laying off auto plant workers in Germany because of slow demand for their EVs. SK Battery, one of the only non-Chinese mass producers of electric batteries, is getting sued all over the globe for poor safety standards and other problems, including at their plants here in America. They’re the main non-Chinese supplier of electric batteries for Ford.
Are the executives at Ford going to wake up before they run their company completely into the ground?