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For EVs – Disasters Come In Threes

Thursday was not a good day for Electric Vehicles.

Deloitte’s Global Automotive Consumer Study found: “Consumer interest in Internal Combustion Engines (ICE) vehicles is rebounding in some markets surveyed as affordability concerns continue to weigh heavily on forward intentions.”

Specifically, in the United States, 67% of consumers said they prefer an internal combustion engine in their next vehicle purchase – up from 58% last year. Just 6% prefer pure EVs and 21% prefer hybrids:

Then Hertz, the largest car rental company, announced it is holding a fire sale on 20,000 EVs that rental drivers don’t want to rent. The company took a $245 million loss on the EVs.

“The elevated costs associated with EVs persisted,” Hertz Chief Executive Officer Stephen Scherr said. “Efforts to wrestle it down proved to be more challenging.”

Then to top it all off, an electric double-decker bus burst into flames in London causing rush hour chaos and what the Daily Mail called “an inferno.” It took three fire engines to put out the blaze.

There you have it folks: the cars and trucks of the future.

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