Electric vehicles....

California finally sees reality:​

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California Ditches ‘Unachievable’ Scheme To Mandate Green Trucks​



California regulators withdrew a proposal on Tuesday evening to mandate the sale of zero-emissions trucks over the next 20 years.

The California Air Resources Board (CARB) pulled back its request to the Environmental Protection Agency (EPA) for a waiver that would have allowed the state to require massive increases in sales of electric or zero-emissions truck models over the coming decades.

According to the Commercial Carrier Journal, CARB’s Advanced Clean Fleets rule would have mandated California’s truck fleet to move to zero-emission models starting in 2024, ending with the fleet going 100% zero-emissions between 2035 and 2042. If implemented, the proposed regulations would have also required 100% of all new heavy-duty vehicles sold in the state to be zero-emissions models by 2036.
 

Tesla is offering new Cybertruck discounts. Is there a demand problem?

Tesla (TSLA) is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a slump.

As first reported by CNBC, Tesla started offering discounts on new Cybertrucks, with discounts of $1,600 depending on trim level and options — and up to $2,600 for low-mileage demo versions.

After a steep run-up in Wednesday’s session, Tesla shares dropped nearly 3% in early trading on Thursday.

Discounts for the Cybertrucks in inventory are only the latest indication that demand for the truck — that CEO Elon Musk said was “off the hook” last year — is waning.
 

A Tesla Cybertruck Owner Forced Tesla to Buy Back His Defective Truck at 30 Cents/Mile. He Adds, “I Can Use the Money to Buy an Even More Expensive Cybertruck”​


www.torquenews.com

A Tesla Cybertruck Owner Forced Tesla to Buy Back His Defective Truck at 30 Cents/Mile. He Adds, “I Can Use the Money to Buy an Even More Expensive Cybertruck”

An early Cybertruck owner says he has successfully compelled Tesla to buy back his defective truck, with Tesla only deducting $300 for every 1000 miles he drove it. However, the Cybertruck fan says he’ll use the money to buy a more expensive Cybertruck.
www.torquenews.com www.torquenews.com
 
The Sound Guy said:
Way too many electric makers to survive once the initial demand died down, esp with so many people owing much more than they can get for their existing one.
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I got burned on one, I forget the name of it now. The shareholders voted to shut down completely and cease operation so I’m holding some worthless shares because I was too optimistic for a turnaround.
 
J-man said:
I got burned on one, I forget the name of it now. The shareholders voted to shut down completely and cease operation so I’m holding some worthless shares because I was too optimistic for a turnaround.
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Good point, I hadn't considered how stockholders could be burned as well as owners who now can't get parts and service.
 
Guard Dad said:
I see maybe 2 or 3 of these companies surviving.

So much money lost because our government pushed an initiative well before it's time.
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Oh, found it, the one I got stuck with was HYZN (Hyzon). The Board approved company dissolution pending a major shareholder vote (which I believe has passed). It was one of those "speculative" stocks I played with and, to no surprise, got burned. Oh well, I traded it a few times and made a little but lost overall. Thankfully it wasn't a huge amount of money but I still hate to lose.

electrek.co

Hydrogen dead end: Hyzon board votes to dissolve company

Hyzon has voted to dissolve the company that developed the first hydrogen garbage truck to the US last spring, pending shareholder approval.
electrek.co electrek.co
 
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