It helps, for the time being to move inventory, ........... till they come off lease:- (Semafor) EV leasing now most economical REUTERS/Jonathan Ernst Leasing an electric vehicle is the cheapest option for new-car buyers in the United States. Tax breaks and falling prices, lower maintenance and operating costs, and rising prices of gasoline have made EVs thousands of dollars cheaper per year than buying or leasing equivalent internal combustion cars, according to Forbes. The same has been true in China for a little while, The Washington Post reported: A price war, led by Tesla, has driven costs down hugely, and in June seven of the 10 best-selling cars in China came with a plug.
"Electric vehicle sales in Europe increased 66% in 2021 from 2020, reaching 2.3 million. Forty out of 48 metropolitan regions achieved greater EV shares than the European average of 19%. Seven metropolitan regions with more than twice the European average EV share are in Norway, Sweden, and Denmark." https://theicct.org/publication/bev...e sales in Europe,Norway, Sweden, and Denmark. To be clear, there's no power capacity shortage anywhere, only a polluting versus green power capacity. Some countries are already on 100% green energy (non polluting renewables), others are getting there and others are laggers, primarily because oil, gas or coal are readily available in their region. It's important to recognize that electric power can be had from various sources and the goal is to transition to non polluting ones as soon as possible.
https://www.statista.com/statistics/972845/electric-vehicles-leading-models-europe/#:~:text=Tesla's Model Y was the,rounded off the top five. Tesla Y and 3, top sales so far this year. 62% of Sweden's vehicles are now EVs, Netherlands 45%, Norway 83%, https://electrek.co/2023/01/02/norway-hits-record-ev-share-in-2022/
That is with current EV penetration. What are the stats of percentage of cars that are still ICE, plus add for population and car usage growth. Although I understand, at least here in USA, younger gens don't automatically think personal mobility like previous gens. Anyway overall EV use here or anywhere is still minuscule compared to overall ICE. Growth is there, infrastructure is somewhat there currently - hmmm hit or miss really. The future, as to that respect, is unknown. Of course from horse and buggy to autos was a big transition as well but that is apples to oranges deal. This is cars to cars, trucks to trucks and suvs to suvs. The real current deal-breaker is the grid. Kinda easy to put chargers here, there and everywhere. Not easy at all to get the juice here, there and everywhere. And re-wire homes. And deal with the additional loads at night, which for many people that work outside the home, is when they use more electricity bumping up AC/Heat watching the tube, on PC, charging gadgets, etc.
This video gives a good sense of Tesla's lead in FSD and the challenges ahead for those trying to catch up. More importantly, the video shows the potential of FSD, which isn't about the luxury of having your car drive you from home to office and back. It's about doing away with owning a car entirely and cutting a significant expense from a family budget. It's driverless taxis flooding cities, picking up and dropping people off at a fraction of today's lowest cab fares. One could buy or lease cars as an investment, letting them drive around for fares and profit. I know it sounds unbelievable. Because we are so attached to our vehicles that we can't imagine a life without. Yet, it's no different than renting a house versus owning one. For some, it's a simple cost benefit calculation while others make it their whole identity. I think Europe will take the lead again. At some point, when Tesla 12 is fully vetted and other car companies that can't come up with their equivalent system decide to lease it from Tesla, governments will require the use of FSD in greater urban environments, with clearly defined zones. Only FSD operated vehicles will be allowed within, meaning cities of driverless cabs competing with public transportation. I think such scenario is 15 years away, a few years after 90+% of vehicles on the road are EVs and 80% have FSD.
Maybe you know by now, if not ... (Wolf Street) There is nearly no public float. Only 0.3% (or 7.17 million) of the company’s 2.307 billion shares are traded. The remaining 99.7% of the shares (2.30 billion shares) are held by entities that are wholly owned by founder and chairman Pham Nhat Vuong. Effectively he controls 99.7% of the shares, according to the SEC filing.