Comment by zdragnar
1 day ago
This is an interesting take, considering several EVs from traditional manufacturers have been canned entirely.
1 day ago
This is an interesting take, considering several EVs from traditional manufacturers have been canned entirely.
The EV market is booming outside of NA. EV growth share in Europe is remarkable and Tesla is flatlining there while everyone else advances.
In the EU, jan-nov 2025 compared to jan-nov 2024: BEV market is +27.6% while Tesla is -38.8%.
That's only when you consider hybrids. If you look at pure EVs (like Tesla), the picture is different.
2 replies →
Lack of FSD in Europe. If they manage to get it approved in 2026 expect that to reverse.
I really, really doubt FSD is the limiter of European sales. It's pricing and competition. The US car market is laughably uncompetitive, with most manufacturers opting to make luxury landboats. It's easy to compete when all your competitors refuse to introduce an EV under, like, 50 grand.
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Sure Musk trying his hardest to blow up EU has 0 effect on sales there
Probably also the no lack of Nazi salutes on TV and his political ‘escapades’.
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US auto is not the trend setter here. BYD is crushing it by comparison
EVs are in the Cambrian Explosion state in China right now. There are dozens of companies fiercely competing on price and features.
The two most popular EVs in China are the Wuling Mini and the Geely Xingyuan. The first one costs $4500 for the base model, and the second one is $9800. And you can get a very decent EV for $15k with plenty of options.
In 2-3 years, these $5k and $10k cars will only get better, and they'll just slaughter all the competition in markets outside the US and Europe. Especially once used cars start appearing at a fraction of the cost.
Traditional auto manufacturers are dead. Full stop. They just haven't realized it yet. Tesla had a chance to compete in this market with Model 2 but Musk decided to blow their lead on a completely stillborn and gimmick-filled robotaxi.
> Traditional auto manufacturers are dead. Full stop. They just haven't realized it yet. Tesla had a chance to compete in this market with Model 2 but Musk decided to blow their lead on a completely stillborn and gimmick-filled robotaxi.
Not sure whether you know, but Geely entered the automotive business in 1997 (founded in 1986).
The company has subsidiaries / joint ventures with automakers like Volvo, Polestar, Proton, Smart, Lotus, Renault, etc.
Lin Shufu, Geely’s founder and chairman bought just shy of 10% of Mercedes Benz in 2018, making him the second biggest individual shareholder in the German carmaker. The #1 spot is occupied by The Beijing Automotive Industry Holding Co. (BAIC), via its state-owned parent.
https://en.wikipedia.org/wiki/Geely
Thanks! Correction: American and probably some European automakers are doomed.
Even Toyota is slowly waking up, with a reasonable bZ3X SUV for $15k (China only).