AD # 4196 - Expensive Cars Outsell Cheap Ones; ICE Is Making A Global Comeback; Why EVs Will Make A Comeback

Speaker 1: This is outline daily to show dedicated to enthusiasts of the global automode of industry. In a completely unexpected move

compared to what most industry experts were thinking last year, internal combustion power trains are making a comeback, and it's happening globally. According to a report from EY, the consulting firm,

half of all the car buyers in the world planned to buy a new or used ice vehicle. Interest in

buying evs has dropped by ten percentage points. Perhaps even

more surprising is that interest in hybrids dropped by five percentage points. Ey blames government policies, trade wars, worries about

EV charging, infrastructure and cost for causing consumers to rethink what their next car should be, and Mark Winterhoff, the CEO of Lucid Motors, seconds that opinion. He says demand

for EV's is clearly decelerating in the US and Europe.

Lucid only expects to make eighteen thousand cars this year.

As we reported yesterday, Morgan Stanley downgraded Tesla stock this week, and it did the same for Lucid and Rivian. Morgan

Stanley says the industry is entering an EV winter that will last all of next year. Meanwhile, vin Fast is

losing dealerships in the US. Two of them have closed

and another will be out of business by the end of the year. Automotive News reports that other dealerships appear

to have stopped selling cars. One vin Fast dealership in

Kentucky just shows an air message when you search for its website. Vin Fast was building an assembly plant in

North Carolina to make electric cars, but that's on hold, and we suspect it's not going to be revived. As

the EV segment cools. Redwood Materials, the battery recycling company

founded by JB. Strabel, who came from Tesla, is rolling

with the punches. It's changing to become a battery materials company,

and it's pivoting from evs to energy storage systems. Demand

for electricity and backup systems is soaring in the US as tech companies are in a mad rush to build data centers that will feed artificial intelligence models. Redwood will

still recycle EV batteries, but it's pulling back on other projects like making cathodes for batteries. Here's our autoline insight.

The EV segment may be wounded, but it will recover, though it's going to take several years. As automakers come

out with more affordable electric cars, and as the charging infrastructure continues to grow, more car buyers will become interested in electrics. I keep hearing the critics say that no

one wants evs. When I ask them how many evs

have been sold in the US this year, they either don't know or have wildly loged. Well, here's the answer.

One point three million. One point three million car buyers

have bought the cars that supposedly nobody wants.

Speaker 2: At CSP, we work with OEM engineers across the country on their journeys to lighter, safer, and more eco friendly vehicles.

Learn more at VCSP dot com.

Speaker 1: Keia took the wraps off the all new Selto's Compact SEV and it gets a fresh look inside and out.

It comes with three powertrain setups at launch, a one point six liter turbocharged gasoline engine that can be mated with a seven speed dual clutch transmission or a six speed manual. A higher output version of that engine is

also available, but it's paired with an eight speed automatic.

And lastly, a two liter gas engine is also available.

A hybrid will be added as a later date. The

new Celtos is also available with a number of new safety and convenience features. Global production of the Celtos begins

this month in India, followed by South Korea, North America, Europe, and China. Throughout twenty twenty six, Satroan revealed a new

concept called the Elo. It's a compact minivan that kind

of reminds us of the Canoe EV. The Elo is

one hundred percent electric, but Stroan didn't share any of its specs. The model is meant to showcase its spacious

and modular interior that can accommodate up to six people.

The driver's seat can be turned around for conversations and can also be transformed into a sleeping space for two people.

You can also have a home cinema room, a power supply, and there's several other uses as well. Goodyear developed the

Smart tires for the model, which can measure pressure and wear in real time that you monitor with an app.

The Elo will make its official debut at the Brussels Auto Show in January. Subaru announced pricing for its new

Uncharted EV, which goes on sale early next year in the US. It starts just under thirty six thousand, five

hundred dollars including destination charges, which is a pretty aggressive price.

It features a seventy four point seven kilowa hour lithium ion battery. The all oyel drive versions of this vehicle

have an estimated two hundred and eighty five miles of range and three hundred and thirty eight horse power. Front

drive models are expected to have more than three hundred miles of range. They get two hundred and twenty one

horse power. It comes standard with a NAX charging port

and can charge its battery from ten to eighty percent and thirty minutes. The uncharted is based on the electric

Toyota CHR and it's built in Japan. Here's a fascinating

factoid from Cox Automotive. Everyone's talking about affordability and how

expensive cars are. We'll get this. Last month, cars and

trucks that cost seventy five thousand dollars or more outsold the ones that cost less than thirty thousand dollars. Vehicles

priced over seventy five thousand dollars captured almost eleven percent market share, those under thirty thousand dollars had seven and a half percent market share. As Cox Automotive points out

that's what people chose to buy, not what's available. Even so,

we'd argue this proves the auto industry has priced the average household out of the American market. And we just

had to close with this item that popped up on our Facebook feed. Check out these writing lawnmowers that looked

like classic Chevrolets from the nineteen fifties. It looked pretty cool.

But here's the thing. Well, you can find pictures and

videos of these things all over the Internet and social media.

We could not find any info about companies that make them or even sell parts to make them. Is this

just an AI scam? Well, we figured there's no better

source to turn to than the Auto Line audience. Anyone

out there got more info let us know now. With that,

we wrap up today's report. Thank you for watching Autoline Daily.

Speaker 3: Auto Line Daily is brought to you by Bridgestone Solutions for your Journey CSP, the Composites Solution partner Intrepid Control Systems, over the Air Engineering boost your game and thanks to the following YouTube and Patreon members.

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AD # 4196 - Expensive Cars Outsell Cheap Ones; ICE Is Making A Global Comeback; Why EVs Will Make A Comeback

Kia Seltos

Subaru Uncharted

Toyota Chr

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