Again we unravel EV sales collapsing where government mandates and market interference take center stage. The rapid depreciation of EV value are profound and the impact on consumer confidence and industry layoffs affects the industry.  We explore the delicate balance between green initiatives and economic viability in the EV sector. But are we ready to discuss the future of electric vehicles and the vital role of collaboration in shaping a sustainable transportation landscape? Links to the...

Despite Norway's remarkable transition to electric vehicles (EVs), challenges persist beneath the surface. With 80% of new-car sales now electric, Norway serves as a beacon for the global EV movement. However, the country's heavy reliance on oil for energy production contradicts its EV success story. Despite record EV sales, Norway's oil demand remains largely unaffected, indicating the complexities of transitioning away from fossil fuels. Furthermore, concerns about vehicle range and...

This video explores the advantages of China's electric car overproduction, highlighting benefits for consumers, the market, and automaker rivals, despite concerns of unfair competition. But they create the policy then cry when they lose advantage. Link to the featured video: https://youtu.be/_xutsem5Iw8?si=wpvwDdzNVGTVS4i1 Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax "The Parts Manager Guide" -...

Honda has announced they are building four new plants to help produce electric vehicles in Ontario but concerns are arising and questioning why The government of Canada is involved using billions of tax dollars being spent to lure the investment to Canada. A new term has been coined calling it Corporate Welfare replacing the term Federal Tax Credits. Links to the featured videos: https://www.youtube.com/watch?v=ekd2nSB1smk https://www.youtube.com/watch?v=uZ-JaJsorv0 Grab a copy of my...

EVs promise eco-friendliness, and from extensive mining for batteries to a shortage of mechanics, we discover challenges abound. Premature disposal and high repair costs raise concerns. Addressing these issues demands holistic solutions for sustainable transportation. But unless affordability is rife all around, consumers, in the end, have the final say.  Links to the featured videos: https://youtu.be/Z5YmsAk933I?si=XYMFno3bmG5yiEHu https://youtu.be/9okiyRseEAs?si=26WNxAXNd8ZMdBZL Grab a...

Despite promises of reduced emissions, the production of EV batteries exacts a heavy toll on the environment, with extensive fossil fuel mining required. Moreover, EVs face challenges in longevity and repairability, exacerbating concerns about resource depletion and scarcity of skilled mechanics. These issues not only impact car owners but also insurers and repair companies, driving up premiums and contributing to premature vehicle disposal. Join us as we explore the multifaceted challenges...

In a world without mechanics, chaos ensues – from disrupted transportation to stalled industries. The younger generation's reluctance to embrace this crucial trade stems from misconceptions. Yet, mechanics are not just about manual labor; they're problem-solvers shaping our society's backbone. Let's spark discussions on elevating their status and securing a future where our roads remain safe and our engines keep humming. Link to the featured...

Exploring the repercussions of the video "Government is Forcing New Electric Vehicle Mandates and New Rules," we uncover how the Biden Administration's ambitious emissions goals could impact the average consumer. While aiming to significantly reduce carbon emissions and promote electric vehicles (EVs) by 2032, these mandates are expected to drive up vehicle costs substantially, with EV manufacturers already operating at a loss. Moreover, concerns arise regarding the insufficient...

The EV revolution presents a transformative opportunity for the automotive industry, enticing entrepreneurs with its potential impact. However, it's a challenging venture, far removed from the simplicity of starting an app or social media company. Building factories, designing vehicles, and getting around government  hurdles require billions of dollars and strategic planning. Some turn to Special Purpose Acquisition Companies (SPACs) or crowd funding to raise funds, but underestimating...

In this video, we explore the reasons behind a recent decision by EV Giant Tesla to lay off 10% of its workforce. I do a deep dive into the complexities of the automotive sector and analyze factors such as shifting consumer demand, economic pressures, technological advancements, restructuring initiatives, and external influences like regulatory changes and geopolitical tensions. We gain insights into why layoffs become a necessary but challenging strategy for automakers striving to adapt and...

Dealerships face unprecedented challenges and opportunities. With the seismic shift towards electric vehicles (EVs) and declining traditional car sales amidst economic uncertainties, dealerships must innovate to thrive. Major automakers like Ford, GM, and Volkswagen are racing to meet ambitious EV targets set by governments, investing billions in production facilities. Yet, logistical issues and slowing EV demand have led to declining sales, as seen in Tesla's recent quarterly deliveries...

Thousands of autoworkers at Brampton Assembly face layoffs as Stellantis shifts focus to electric vehicle production. Despite temporary setbacks, the company plans to retool for EVs, aiming to shorten shutdown timelines. Union support and government funding offer assistance, but uncertainty looms over workers' futures in Canada's evolving auto industry." Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax "The Parts Manager Guide" -...

When comparing the total cost of ownership (TCO) between electric vehicles (EVs) and gas-powered cars, it's essential to consider various factors beyond the initial sticker price. While EVs typically have higher upfront costs due to battery and technology expenses, the significant savings over time in terms of fuel and maintenance expenses should be researched carefully. However, the City of Vancouver finds out the hard way how $1.8million was lost in less than a month. Grab a copy of my...

 Ford's wavering commitment to electric vehicles (EVs) is highlighted, as the company delays production of its all-electric SUV to focus on hybrid development amidst slower-than-expected EV adoption and persistent production costs. This shift reflects broader challenges facing the automotive industry, with Ford scaling back its EV spending last year due to market conditions. Despite reassurances from Ford's top executives about scaling a profitable EV business, skepticism remains about the...

In this episode, we dissect the U.S. government's recent push to boost electric vehicle (EV) sales. While it signals progress in fighting climate change, concerns linger over affordability as car makers rush to restructure operations while slashing thousands of jobs. Link to the featured video:  https://www.youtube.com/watch?v=TcL_SvKrw6M  Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax "The Parts Manager Guide" -...

Introducing the startling reality of EV insurance premiums compared to traditional gas-powered vehicles. Many electric vehicle owners have been astounded by the exorbitant repair costs following collisions, sparking concerns about potential spikes in insurance rates. Experts caution that insurance premiums may indeed increase due to the complexities involved in repairing electric vehicles, coupled with their lower prevalence on the roads. Link to the featured...

The recent layoffs at Stellantis underscore broader industry challenges, including cost-cutting measures, labor disputes, and the push for electric vehicle adoption. This commentary examines the impacts of downsizing, reconsolidation, and shifting market dynamics on both automakers and employees. Link to the featured video:  https://youtu.be/NQ1sjaKNRCg?si=WRWNcHy67RXgniki  Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax "The Parts Manager Guide" -...

Hertz CEO Resigned over the failure of electric vehicles as they failed to make a positive impact on the profitability of the car fleet to drive revenue. The company was hit with expensive repairs and low resale value to the electric cars. Today I give three lessons on what we can learn from the resignation of  Hertz CEO in offering the importance of thorough market research, realistic financial projections, and adaptability in decision-making for businesses in the automotive industry. Grab a...

We delve into the shortage of EV mechanics and its implications amidst surging EV sales driven by government initiative and explore the pressing issues facing the automotive industry. Join us as we uncover the challenges and opportunities surrounding the shortage of EV mechanics. Link to the featured video: https://amp.abc.net.au/article/103541206 Grab a copy of my book: https://partsmanagerpro.gumroad.com/l/qtqax "The Parts Manager Guide" -...

The electric vehicle rebate program is a government initiative offering financial incentives to encourage consumers to buy electric vehicles. It includes tax credits, cash incentives, or discounts on purchases to promote the adoption of EVs for sustainability. However, the program raises questions about its long-term financial impact on governments due to increased spending on rebates. Balancing these benefits with fiscal considerations presents a challenge for policymakers. Link to the...

Discover how implementing a new road tax for electric vehicle (EV) owners in Edmonton, Canada, could reshape the auto industry landscape. This move might deter consumers from choosing EVs, slowing the adoption of eco-friendly transportation and potentially stalling the growth of EV manufacturers. Learn about the impact on consumers, as the road tax could make EV ownership seem less financially feasible compared to gas-powered vehicles. Additionally, explore the implications for revenue...

We explore the devastating consequences of battery fires, reaching temperatures of 2500°C, and their catastrophic impact, exemplified by the Felicity Ace incident. As luxury cars, including Porsche EVs, plunged into the ocean, legal battles ensued, questioning the safety of transporting EVs by sea. Ferry companies and maritime authorities grapple with stringent guidelines, raising concerns about the safety of EVs aboard ships. This clash between innovation and safety serves as a cautionary...

We explore why local mechanics and garage shops should prepare for the phase-out of gas vehicles. We discuss the benefits of embracing the shift towards electric vehicles, including expanded service offerings and a more predictable revenue stream. We also examine the importance of aligning with government regulations and incentives, as well as catering to changing consumer preferences. Join the discussion as I give some insight to how mechanics can stay ahead of the curve and thrive in a...

Today we continue our review and reaction to the Zero Emission Mandate and the far reaching implications it will have. From the massive infrastructure overhaul needed for charging stations to the subsidies and incentives provided to EV owners, taxpayers shoulder the immediate financial burden. While transitioning to electric vehicles holds long-term environmental benefits, the economic disruptions and environmental costs present challenges for taxpayers. Join us as we explore the complexities...