How EVs Are Shaking The Car Parts Supplier Industry

Companies that make parts for internal combustion engines are facing a harsh future. Revenues for ICE cars, and fuel and exhaust systems are all expected to decline 44% through 2027. Meanwhile, for electric drivetrains and batteries or fuel cells, revenues are expected to rise 245%, according to a 2023 Deloitte Automotive Supplier Study. While the parts themselves are changing, the pie is also shrinking. An internal combustion powertrain has about 2,000 parts. EV powertrains have about 20, sometimes less. Automakers are also finding ways to more efficiently manufacture parts through methods like giga casting, pioneered by Tesla. There are thousands of parts in cars that come from companies all over the world, a whole branching supply chain of firms each dependent on the success of the others. Many of those companies are small, family owned firms, but even the large, publicly traded suppliers such as Bosch, Denso, Magna and ZF could be in trouble. The question is, will EVs kill the thousands of auto suppliers or can they find ways to pivot, consolidate or somehow stay in business?
Chapters:
00:00 - Introduction
01:52 - The shift to EVs
05:55 - Lower demand
10:19 - Volatile times
11:42 - Industry pivots
Produced by: Robert Ferris
Editor: Darren Geeter
Senior Managing Producer: Tala Hadavi
Graphics: Jason Reginato, Andrea Schmitz
Camera and Production Support: Andrew Evers
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How EVs Are Shaking The Car Parts Supplier Industry

[@kiaranr]

I'm not even a big fan of electric cars. But the fact that they have FAR fewer parts is perhaps their biggest advantage. We should be engineering for simplicity and robustness. Values that the auto industry chucked out the window decades ago.

[@bjelinski1]

EVs are cheaper in Norway than ICE (air pollution kills so you have to contribute to the health system with higher taxes on ICE, simple), and it costs me 10x less to charge than to buy gas. + a lot less maintenance, sure. no brainer. The USA just don't charge for air pollution, they will soon feel the consequences, with a few days of 122F per year, and maybe a month over 104F.

[@vhateverlie]

Far fewer parts yet they're the most prone to failure machines in the industry. It's unbelievable that they're less reliable than combustion their counterparts. Junk, I hope they figure it out.

[@keithwisdom1663]

Not a fan when cars will one day be all electric or some other source other than gas and eventually cars will be flying but you are not a fan of airplane? The market determines the way things are going to be Fans are for sports

[@davefitzpatrick4841]

They are just from a physics perspective more efficient with energy !

[@davefitzpatrick4841]

@@user-ix5pi5nm5p there are third party garages across the globe who deal in fixing these cars ( including Tesla's ) and market forces dictate as there are fewer and fewer Ice cars more garages will move over to the servicing and fixing of EVs bringing down the price of repairs. Often when there are issues with batteries it's 1-2 cells , they can be replaced, the same goes for drive motors etc .

[@samuxan]

The difference between a threat and an opportunity is how fast the company can adapt to change. Small companies have the advantage here if they lose the fear of changing and embrace this technology.

[@martiruda]

we need clinical psychologists helping students from the very early days of their careers to help them overcome those mental struggles

[@bobroberts2371]

I guess you missed the part where driveline parts content will drop from 2,000 parts to 20 in an EV. This will shrink the number of suppliers dramatically,you just can't have 2,000 suppliers battling for 20 parts.

[@billcichoke2534]

Cute. If repairs aren't possible, then that means the used car market goes bust. That means EVs, which are being obsoleted like touchscreen phones ALREADY, will pile up as people try to keep current. No one will want the USED EVs, since they won't be supported. This doesn't sound like an opportunity. This sounds like yet another ill thought out agenda with no idea of consequences.

[@BlazingShackles]

he doesnt get it. the auto parts industry will virtually disappear. There will no longer be brick-n-mortar retail auto parts stores.@@bobroberts2371

[@MoDa87]

@@bobroberts2371Welcome to capitalism. This is the efficiency of the market. The consumers are the winners.

[@ronch550]

I'm reminded of the quartz crisis that turned the Swiss watch industry upsidedown. Many car makers and suppliers will bite the dust, no doubt.

[@rexe3139]

@@geocam2 You think chemical engineering and electrical engineering is easier to mechanical?

[@Nunya1721]

We should never stop innovation for the sake of a few companies' survival. These companies need to innovate and adapt alongside the industry if they want to survive, as has always been the case throughout humanity.

[@bryanjoachim5655]

No kidding?! And all those plant workers, mechanics, etc., well, they can just go ahead and innovate themselves a new career or business, right? What about the older folks in their 50's and 60's who've been "innovated" into new industries for the past 30 years because of government edicts. Kinda sounds like, "Let 'em eat cake". Again Why innovate when the government can arbitrarily shut your business down? With all the respect and politeness I can muster, you folks have no idea what they're doing and will be the ruin of us.

[@andrewchatterton8594]

@@bryanjoachim5655sad but that’s the way it always has been and the way it always will be. Do you think society is just gonna stop changing? 🤷‍♂️

[@replica1052]

@@bryanjoachim5655 there is a billion cars in need of batteries - work aplenty (all dealers should sell solar charging solutions )

[@Vlperine]

@@bryanjoachim5655 So you suggest to stop innovating just so nothing changes to businesses? The very fabric of a business is to serve customers - not other way around

[@nathanmiddleton1478]

Did you not watch the whole video? That's exactly what part of the point was, and it ended with the point that adapting, even with good ideas, isn't easy. Like the CEO of Storch said, "Budgets are made for tires, not for new equipment." So they have a great idea that lowers the cost of tire blowouts, but since the budgets aren't designed to be flexible to support innovative and adaptable companies they don't "win". Really, the problem is recognizing good innovation and rewarding it.

[@KTPurdy]

The end of the video does a really good job demonstrating how difficult it is to get into new markets.

[@nathanmiddleton1478]

Yeah, I felt this video was less about the EV market and more about how everyone else needs to re-think their company position a changing market. Especially when you need to pivot and may not be familiar with that sector, or may be creating a whole new sector that no one is in.

[@weifengmao]

Bureaucracy. That's the Nemesis of innovation.

[@KTPurdy]

@@weifengmao the challenges exist in private industries as well. It is about relationships and safe decisions.

[@souravjaiswal-jr4bj]

What happened to whalers, horse buggy, film roll camera and feature phone manufacturers?

[@dannmarceau9743]

They learned to adapt, or they didn't, e.g., Studebaker and Fischer Body/Standard Wagon Works.

[@magallon643]

Don't forget Blockbuster,Hollywood video,Nokia,Kodak,Sbc Pacific Bell,and Blackberry.

[@dentatusdentatus1592]

Don't forget Dodo bird leash manufacturers.

[@compaqdeskpro5770]

Don't forget about Japan, Central Park, private horse owners, Fuji Film, and Kyocera.

[@josephfisher426]

They were all killed by advancements that were an order of magnitude (at least) more efficient. Switching from ICE to EV is a one-for-one exchange in terms of the labor done... it is made advantageous by tax-type incentives, but we don't yet know how the electricity market will settle out. Also, the incompetents running the power company just spent about 24 hours reminding me why I wouldn't count on an EV unless I had my own, rather robust solar system...

[@nickyg7421]

My aunt just bought and EV and it's amazing. No gas, no oil change, none of the standard maintenance in a gas car. Battery is good for 100,000 miles. My next car I hope is an EV

[@thezfamily989]

It won't last ... battery are like phones that only have certain years. People I know had tesla only last 10 years and to buy a new battery it cost $15,000-$20,000. Cars like Honda or Toyota or old school ford outlast this ev cars

[@elmohead]

​@@thezfamily989Chinese ev taxis often reach 1,000,000 KMs and battery degradation is only about 15%.

[@thewatcher5822]

@@thezfamily989 Car batteries are nothing like Phone batteries. EV's come with a sophisticated energy management system, which phones do not. Modern EV batteries will outlive the car, as long as they are looked after.

[@PazLeBon]

@@thewatcher5822 not really, some phones have mangemnt sytems too nowadays :)

[@natej6671]

@@thezfamily989 ICE vehices have batteries too and in the space of 10 years you'll likely be spending money on spark plugs, filters, batteries, transmissions & engine maintenance, tune ups, oil changes, the list goes on. If someone had to spend 20k in 10 years to buy another battery that equates to 2k a year or about $166 a month ... far cheaper than an ICE car.

[@sgardi2]

I purchased a chevy volt years ago and traded it when the warranty ran out. A replacement battery is 25K as they stopped making them. Thats insane!

[@darelljohnson5696]

I certainly don’t advocate for insensitivity towards one’s making a living, but a part of this conversation is how this industry negatively impacts the vehicle consumer who pays the equivalent of the cost of the vehicle in repairs due to the complex engine design and the economy of faulty parts that need to be constantly replaced. I don’t think an industry, for the sake of commerce, should exist at the expense of a the consumer. There are definitely problems created so that they can be temporarily resolved at the motorists expense. So I’m just saying there’s more than just a loss of jobs at play. Some people spend half the incomes the length of their lives on shelter and transportation alone.

[@MichaelWashingtonAE]

That is exactly what I have been going through with the Chevy Cobalt... What a $$$ pit GM. I just want to get back into my 1992 Honda for a few years before I step into a Tesla. I'll NEVER buy a GM or Ford made car again ever.

[@RosscoAW]

"I don’t think an industry, for the sake of commerce, should exist at the expense of a the consumer." Bruh, that's literally the point of capitalism, unironically. What are you even talking about; pretending a variant of capitalism exists that's somehow good, righteous, and just? My guy, you identified the problem already -- under capitalism, with fiduciary duty rendering Board Directors personally legally liable for any decision that doesn't result in the maximum profit for the company, it is quite literally impossible for any industry to not be predicated on existing solely for the sake of commerce at the expense of consumers (and it's employees, an important distinction you left out). To be clear, I'm not ridiculing you or your comment, but highlighting the logical inconsistency and how to carry your true statement to it's logical conclusion: capitalism itself is the problem, for it exists to ensure profit maximization, period, end discussion, and therefore all consumers and employees are the source of profit in all situations (except where you can substitute it with slavery, as in the American prison-industrial complex, where slavery of prisoners is entrenched in the US constitution because #WhyTheFuckNot #MURICA). Capitalism is the problem you've identified. The whole problem, and the root problem. The solution, therefore, should be obvious: economic democracy, not economic authoritarianism (which is what corporations are). Workplace democracy, co-operatives, employee ownership, unionization, etc. Those are, at least, the solutions to the current problem, and the only appropriate solutions; everything else is distractions invented by the bourgeois state to pacify the complacent, ignorantly complicit masses and to prevent them from achieving class consciousness.

[@andrerodriguez7603]

Don’t forget the other middle man involved here. The dealership, which costs the consumers an arm and a leg to maintain their new cars. I’ve owned a 2018 Tesla model 3 for 5 years. Has 45K mileage, maintenance has been the 12V battery, left and right control arm ball joints, hvac filter. Nothing else, that it. Oh, everything replaced under warranty with no charge. Oh,they also replaced the right rear lens, got moisture in it. Replaced under warranty also. Most work done at my home. I’ll definitely buy another Tesla in two years when my warranty runs out.

[@magnasquids7864]

​@@RosscoAWDo you have an example of that solution?

[@ronblack7870]

@@RosscoAW confiscation like you speak is not the answer. it leads to stagnation.

[@syproful]

And really, Storch has nor to fear. Active magnet systems are a niche combining electrical and mechanical fabrication. I wish them luck,they will do good.

[@teardowndan5364]

An EV power train has 1000+ parts too: the battery pack has 100-250 cells, each cell needs a BMS wire, then you have all of the cooling, structural, safety and other stuff on top. The fixed reduction gearbox and differential between the electric motor and half-shafts is easily 20+ parts in itself. The motor inverter is hundreds of parts too between the power FETs, their drivers, support components, mounting hardware, etc. You are only trading mechanical complexity for electrical complexity. Total non-trivial parts (not breaking down bearings to individual balls or PCBs down to SMD resistors and capacitors) count are likely similar.

[@JamieStLouis-tu9ml]

This is one of the more intelligent contents I have seen one here by far.

[@computron5824]

Yes, it's funny how no one else mentioned this.

[@dlewis8405]

A business does not necessarily have to be passed down to the next generation. Most people work for about 30 or 40 years. So the owner can retire, sell the business or wind it down, and give support to their kids to train for the jobs of the present.

[@JunkSock]

Just learn to code bro!!!!

[@keithwisdom1663]

​@@JunkSockyou gotta follow gifts and passions.... Accountant engineer stem online selling products stock trading real estate ETC a lot more than coding

[@chiquita683]

Yes the auto industry was created making cars people wanted to own, now it makes EVs. Its unlikely to continue and doesnt need to

[@InclusiveOrange]

Easy right? Corporations get bailed out by the government for failing or “slowing down” but the small business owner has to “keep up with the times” or “explore new industries” when lobbyists and special interests position the market. This logic doesn’t apply on a global scale. Key word: Liberty

[@davefroman4700]

Sure. But what about the millions of workers in those industries who are just struggling to get by as it is?

[@RS-uh7rz]

In Storch, you picked a very interesting small business to concentrate on, with an insightful and well-spoken executive -

[@MicahBratt]

I love the idea of a simple magnet which cleans up the roads. Simple and effective!

[@ennz2798]

Who wants to deal with transmission issues and random bills all the time...

[@ImpreccablePony]

Workshops, car manufacturers, and second-hand parts dealers, that's who! Customers? Welp, who ever thinks of those guys...

[@Eric-yr4pt]

Who wants to pay for gas and oil all the time...

[@Tron-Jockey]

EV's will have much less maintenance and much lower cost-to-own over their lifetime. Just look under the hood. Electric motors have essentially one moving part. None of the hundreds of points of wear-n-tear or failure that Gasoline vehicles have. None of the extreme heat and vibration that prematurely degrades everything under the hood (hoses, belts, wiring, sensors, gaskets, seals). EV's have no need for serpentine belts or associated pumps, pulleys, bushings or bearings. No alternator, mechanical water pump or high temperature, high pressure engine cooling system needed. No starter motor needed. No coil packs or ignition control modules. No fuel injectors, fuel pressure regulators, fuel pumps, or fuel injection control modules. No transmission or power steering pump, so no oils or filters. No exhaust system, O2 sensors or catalytic converters. And now with the latest batteries are lasting over 1500 full charge cycles (over 3000 for the new LMFP chemistry being used by Ford and Tesla), an EV with just 250 miles of range per charge cycle, after 1500 charge cycles, will have FAR outlived the typical gasoline engine. Do the math.

[@kevinwright4088]

A good new manual hybrid technology would do good work for a young person.

[@mustg4891]

​@@Tron-Jockeyelectric car fanboy

[@keaganscott5956]

Very interesting.... I'm a commercial automotive fabricator and I'm actually excited to see where EV takes the industry.... at my company I make all the xxx replacement parts for trucks. But if the industry starts to shift you need to shift with it and invest in the necessary equipment to meet the product's and demand. Like I understand that EV is the future but we will always have diesel trucks.... just because the drive train is electric, doesn't mean the bumper brackets change...

[@josephherrera6656]

​@@geocam2 not anytime soon. Semi trucks are different from cars. Cars haul people, semis haul products ranging from a few thousand pounds to 80k pounds. Then there is the terrain they travel on too. That's a lot of battery power you are going to need there and it also needs to be as efficient as desiel and needs to be able to charge the batteries in minutes not hours, as time is money.

[@ronblack7870]

@@josephherrera6656 it's going to be significantly cheaper to run an electric truck because fuel is expensive and diesel is no more than 40% efficient vs electric at 90+% . so it will mean more time charging but MONEY is the driving force. eventually there will be electric trucks that run autonomously on the highways pull in to the terminal . then the load get separated and delivered locally by drivers.

[@HairyNumbNuts]

@@josephherrera6656 Sorry, but you're way out of date. Electric heavy vehicles are on the roads and multiplying. A lot of people are investing and researching. They didn't exist 10 years ago, they're on the road now, and they will be much better in 10 more years and completely dominant. There are companies like one in Australia that do battery swaps for fleet vehicles - 50 ton trucks, too - and the battery swap is about three times faster than the typical 10-15 minute fueling time for a big diesel rig. And that's today - tomorrow there will be more and better options.

[@PazLeBon]

@@josephherrera6656 batteries hate weight and heat too so 10m range in texas lol

[@shirishag75able]

@@PazLeBon You need to check out the semi-solid batteries being made by CATL. Condensed batteries. They are gonna use it for aviation. And that is today, as shared by people who knows about tomorrow.

[@YoushaAhmad]

I like how this company is exploring new opportunities. A business that doesn't adapt or innovate is a business that is in decline. Also, like the ideas of the magnet sweepers, good for the environment for the waterways and good for car tyres. I would like to see both being used where I live.

[@buildmotosykletist1987]

So you want the tyre repair business to fail, costing jobs and livelihoods. (nudge, wink, wink).

[@alberto211393]

If anything this suggests that EVs should be far cheaper to manufacture, once they have better economy of scale. Logically removing suppliers, middlemen and labour out of the equation yields cheaper product. Excited to see what the industry will look like in 10 years!

[@Leafbinder]

Just imagine that, Less parts to break down and have to repair, Just remember that the next time your transmission starts to go out. or you blow a head gasket or heater core.

[@joshuawrubel9758]

I don't wish a downfall of any of these types of companies, but as a potential owner of a car, I will much rather have the car with 20 components in the drivetrain than the car with 2,000.

[@PazLeBon]

cool. go spend 50k

[@HighlordFrancis]

@@PazLeBon lol u mad? 😆

[@zoobrizz]

I have no desire to purchase an AV Anxiety Vehicle.

[@zoobrizz]

@@HighlordFrancis. No. He has common sense

[@joshuawrubel9758]

@@PazLeBon You mean on a gas vehicle? Because the average new vehicle price in the United States is currently about $47,000, and that's with Electric Vehicles only making up about 6-9% of new vehicle purchases, so the bulk of the volume making up this $47k average is gas or hybrid vehicles (the latter of which have even more drivetrain components). I did, in fact, buy a $50k EV myself a year ago and have been pretty happy with the car so far. EVs don't work for every person's driving habits and living situation, but mine has worked out well for me.

[@dxd42]

Here in Brazil one huge sell point for any car is if the parts are fabricated locally, no one here in Brazil wants to buy a car from a company that dont have a local manufacturing and parts supply due to the dolar being more expansive with time, import a specific part can be VERY expansive. In other hand because the cost of production in Brazil being much lower, specially with workforce and electricity, the parts fabricated here are much more affordable with the same quality levels as US and Europe.

[@edscr87]

Brazil has ridiculously high taxes for imports goods.

[@dxd42]

@@phillipbanes5484 Sorry, European Union.

[@Sacto1654]

The two issues are getting EV drive motors and *ESPECIALLY* battery packs. That's why Tesla ended up building their own battery packs to get a steady supply of them.

[@joeearley3351]

Tesla will not survive when you have less expensive choices

[@creaper120]

Interesting prediction. Whats your reasoning? Tesla has a big following almost cult like such as Apple. I do think they will lose marketshare but most other manufacturer are struggling with their EV shares currently.

[@pranaym3859]

​@@joeearley3351​​I don't think, anyone can undercut the price of Tesla. Even if someone made it, it'll have super high markups just like Maverick. Only few are capable of achieving lower price than Tesla like BYD, Nio but they're from China, and it is impossible for them to enter NA. As much as I don't like Musk, Model 3 is the only car that I can get in a month or two without paying outrageous price.

[@benpeterson7530]

@@creaper120 I'll say I am not sure what will happen with Tesla long term. I see challenges and advantages for them. Some of the advantages are their current market share, and with that comes brand loyalty. Their technology is in my perception the current best (especially the driver aids, and how fast their cars are). Some disadvantages that I perceive are things like their manufacturing prowess (I don't think they have quality like Toyota, and that is comparing Tesla's EV to Toyota's IC cars, with a Toyota EV, it is almost for sure going to be ultra reliable). I believe their stock price is overvalued. Last time I checked their market cap is more than Toyota. That doesn't make sense to me, but I don't know everything haha. If that were to correct to where I would think it should be, I'd think they would lose a lot of RND money. Their cars are expensive. I feel not as many will justify the purchase price for Tesla when there are options for 60-70% price for a similar product. There is also a possibility that those that will buy one, already have, and won't need a new one for at least a few years. Most of their disadvantages could be overcome. They seem to be expanding production, and perhaps with that quality improves, and costs and therefore price goes down.

[@creaper120]

@@benpeterson7530 A couple things to note, I have a M3 so I may be biased. 😵 But I am actually quite impressed with the build quality currently. I think there are issues but most of the build quality concerns have been addressed. My biggest issue with the car is honestly the performance tires being stretched for the wheels and the lack of cladding(typical of most cars). I do think the stock price is over valued. That hinges on some stuff that is beyond me. (like FSD which I did not buy mostly due to the price) I think the price is key expecially in a market like we are currently in. When the average person is able to put up the money for an EV they will do so. I think the prices will go down with innovation and supply chain increases. Also the EV car should outlast an ICE car for the money according to my research but that's just my research and there might exist bias.

[@aceroadholder2185]

They forgot to mention that generally EVs are not reparable. That's why insurance companies write off EVs as total losses for what would otherwise be a minor accident. Insurance premiums are starting to reflect this. In the UK rates have more than tripled for EVs. As far as the brave new EV world, EV sales have stalled at about 8% of new car sales. Not exactly a ringing endorsement. The government hanging a $7,000 porkchop on the door handle needs to be tripled to foist these cars on the public.

[@peterbland7227]

I suspect the same will be true for independent car repair shops.

[@theotheleo6830]

That rolling magnet won't pick up nonferrous debris that are both hazardous to tires and drivers. So the road crew would have to have another road sweeping truck follow the magnet truck, which makes the magnet roller superfluous.

[@nickg2561]

Most nails and screws are iron. I would bet 90 percent of tire punctures are magnetic items.

[@ShotGunner5609]

You are right. But in my slightly over 1 million miles of driving, 80% + of tire replacements were from puncures from metal objects like bolts and nails. Way more bolts than you'd believe too. Like 4 inch long ones.

[@theotheleo6830]

@@nickg2561 A sweeper truck can take care of nails, screws, and all of the rest.

[@jplabrecque6708]

The fact that is, with tesla going full integration, other OEM will be forced to follow, leaving suppliers behind. There will always be suppliers, just about 1/20 will make the transition

[@ronblack7870]

tesla also has tons of suppliers.

[@jplabrecque6708]

@@ronblack7870 yes, but not near as many as other car makers, and shrinking all the time. As tesla switches to 48v , almost all parts will be made in house, eliminating even more suppliers. Most tesla suppliers are small components, not finished parts. For example, tesla makes their own side mirrors, buying components for the mirrors, while gm, Ford, etc. Just buy the finished mirror.

[@vlhc4642]

@@jplabrecque6708 More than half of all Tesla are now made in China, your "in-house" just means made in China using parts from Chinese suppliers

[@joaquimbarbosa896]

Lets say one of them becomes the TSMC of car parts, in that case they would survive, as 100% integration is next to impossible

[@bltzcstrnx]

@@vlhc4642 made in China in their own factory. Shanghai Gigafactory is one of the largest ones owned by Tesla. So it's still somewhat in-house.

[@JasonB808]

The reason why hospitals didn’t reach back for those magnetic dust filters is because hospitals already use HEPA filter in their AC. 😅 The road magnet seems like a good idea but I don’t think it will be as effective as a normal road sweeper that works on all sorts of debris and not just metal. 😅

[@nelsond5361]

I have been asking myself this question for a while now. Thanks guys

[@3321far]

There is still tons of opportunities. The final drives still can be tweaked, you can add 2 or 3 speed transmissions to improve the top end speed, limited slip transfers to improve handling, etc. If you are a hot rodder you won't get as greasy or have hundreds of parts lying around your work shop.

[@vishnu2699]

10 years of quality driving, acceleration is better than trash ICE.

[@Rhaman68]

Yes, there “ARE opportunities.” Thanks.

[@mistergoodcitizen9914]

Hahahaha hot rodders won’t buy EVs.

[@kingofrivia1248]

We can nont stagnate. Germany is a great example it was building the worlds best solar arrays and wind turbines and the german government decided to subsidize coal and to discourage building solar factories, and now they decide to finally go green and they have to import EVERYTHING while they could have millions of jobs exporting solar and wind parts. Instead we still have people working jobs in highly subsidized coal….its so stupid

[@companymen42]

About the precious metal issue, I think the number is like 99% of the precious metals can be recovered from the batteries. Old EV batteries can be recycled into solar energy storage batteries. In my experience, I’ve never had range anxiety because of the frequent availability of destination chargers. The price of EVs is still a major issue and so is charging time, but just like the adoption of solid state drives, the price will come down over time and the technology will improve.

[@KingSobieski]

There's actually no way to recover the metals from a battery. The metals are combined and then later, in teslas case, they use spray foam inside the battery pack. Good luck getting all those metals separated again.

[@fetB]

@@KingSobieski Tesla foam things is pretty bad, indeed. Otherwise it wouldnt be a big problem. I dunno about 99% but its pretty high. Thing is, there arent nearly enough old batteries to even attempt to make recycling economically. The oldest original teslas are barely 10yrs old and those batteries can still be used in back up storage.

[@Shmancyfancy536]

Range anxiety is just paranoid delusions.

[@DougiePlaysSoccer]

It’s tough pill to swallow. But this is a necessary movement if we want to see a positive change in out climate. Businesses should adapt and evolve if they want to see their companies thrive. I hope videos like this won’t deter folks from supporting the EV revolution.

[@PazLeBon]

how the fook are millions o people iwth no money and a 5k car gonna buy an ev? they arent!

[@wemakecookie]

​@@PazLeBonMillions are already buying EVs. The prices are and will continue to come down as the technology scales up.

[@darthvader4209]

Giving the example of solar panel manufacturers in USA who were shuttered is a wrong comparison. These firms were shuttered not due to low demand; they closed bcos they were not price competitive

[@zoobrizz]

I have no desire to purchase an AV Anxiety Vehicle.

[@johnbee7729]

I like these videos as they are quite informative. What detracts from it is the deep dive in to one single business from all those impacted.

[@adrianmonk4440]

The business school, Text Book, in-depth example is useful. When talking with ANYONE, their point of view & some of their emotions will ALWAYS come across. Try to FIX a wife (spouse).

[@marknc9616]

Look back near the turn of the Nineteenth Century. Horses, wagons, and carriages were the norm. In those days, when someone would have car trouble, a common response was, "Get a horse."

[@GianLombardo]

The difference in parts between ic and ev is that those "20" parts they mention split into a million more parts on the inside. This is worrying on the aftermarket because if there is no competition OEM manufacturers can charge whatever they want for those parts. The cost of the parts also plays a big role. Not the same when 300 parts of an ic vehicle equals 3 times less on the cost of 1 part for the ev. Ive been a long time in the auto industry. Lack of competition is never good for the end user. The way government is forcing the change is not good and that is being completely neutral. Theres a lot of issues that dont have an answer and at the end of the day is the consumer the one whos going to pay the price.

[@pratikbhaumik2748]

Change or die as simple as that.

[@zoobrizz]

Karen

[@MikeyCarter1974]

Very old problem. Watch a video on the history of the people who used to carve out blocks of ice from frozen lakes for ice boxes. If they still existed they'd be getting hit from all sides right now.

[@zoobrizz]

I have no desire to purchase an AV Anxiety Vehicle.

[@MikeyCarter1974]

@@zoobrizz I'll bite... why anxiety vehicle?

[@datianlongan5567]

Our industry will endure, adapt, and then thrive again. It always has. Life changes daily. Only Death stands still.

[@beyondfossil]

💯

[@patmclaughlin107]

Excellent reporting

[@kevinpolito1529]

Just like the lightbulb industry shook up the oil-lamp industry. Just like electronics put legions of telephone operators out of work.

[@zoobrizz]

Hilarious 🤡

[@mikeybroski3686]

@@zoobrizzThe first stage is denial.

[@waywardgeologist2520]

The price point for ev to ice being on par will happen around 2025, and the demand for all those replacement parts will drop. Horrible economics for suppliers but great economics for consumers with reduced cost of ownership.

[@paulburton8264]

These stupid governments had better get a clue. A lot of people are going to be out of work, and very, very unhappy. Plus way less taxes

[@whatever_12]

That road debris magnet is awesome.. They could try reaching out to road sweeper manufacturer

[@hardyvonwinterstein5445]

Very solid analysis. In the case of Storch, I would change to militairy business. These strong magnets can be really useful in a minefield or booby trapped area.

[@NCXDesigns]

Perfect example of what people gain from owning an EV. Less maintenance less overall cost of maintaining it. In a combustion engine vehicle, best comparison is when we went from steam locomotives to diesel electric locomotives. A steam locomotive was very high maintenance and while it was best for its time it was phased out by cheaper and less maintenance required locomotives. With each transition we perfect technology and cars are no different.

[@Shane-zl9ry]

I own two EV’s… I’m never going back. 🤘🏼😎⚡️

[@GeorgeChuy]

I could still well recollect a catchword called 'invisible champions', most of which are in Germany and sit in the supply chains of ICE. Most unfortunate for them, if ICE is gone, they will all gone. Though I am not in any sense related to them, but I could well feel their pressure imposed by EV.

[@WildReefer]

EV motors still need magnets, and some newer designs even need permanent magnets like the older motor designs used, only modified for increased efficiency. A company like Storch may be perfectly positioned to exploit that if they are smart. That said, the feeling is that the entire automotive maintenance industry, such as local garages that survive on replacing broken parts and servicing ICE vehicles, are being kept on life support artificially. Case in point being the fact that EV's require a lot less maintenance than ICE vehicles because there are fewer physical components to break in the drivetrain. A good example would be the one-pedal driving mode in EV's that uses the engine to slow the vehicle instead of the brakes. This means that your disks and pads are going to last a lot longer than they did in ICE vehicles. It also makes them less important as a safety measure, as they are gradually consigned to becoming an emergency backup system for motor braking. This and many other aspects of EV's are going to make visits to the garage less frequent - but, critically, we are seeing manufacturers requiring that their EV's be serviced as regularly as ICE vehicles - when in truth in most cases these EV's only really need to be serviced once every two or three years. Often the "service" is basically checking the tires condition and wear, fluid levels and brakes. It feels like the auto industry is trying to keep traditional garages alive at the customers expense. Even if the overall amount of flaws in a vehicle remains unchanged, the actual type of flaws will change, as more and more often we will see most of the issues being software issues that will be resolved via over the air updates, and fewer physical issues, increasingly. What will we be left with? After market 3rd party upgrades and customisations, and body shops that will probably use 3D printing to produce replacement panels on the spot. I think that mechanics as we knew them are a dying breed unless they adapt to the new tech swiftly.

[@steveperyer4850]

EV will not stop the car parts market, especially with as many fuel driven vehicles in the world. Eventually the market will switch some but batteries, braces wheels, and many electrical sensors will still be needed, as well as tires and wheels, shocks, and struts etc. 😊

[@lelnin]

Most border states will be fine. They will go to Mexico for auto parts.

[@darthvader4209]

It’s the engine and drivetrain related manufacturers that will be adversely affected

[@samueladitya1729]

EVs are heavier, so the suspension systems should wear faster

[@wemakecookie]

​@@samueladitya1729They probably won't be heavier for too much longer. The batteries are getting better and lighter.

[@zilverzero]

EV powertrains have way more than 20 parts... motors are less complex than engines. Batteries are more complex than fuel tanks. With the increase of technology that comes from electric mobility, more parts will be needed for other platforms (going from parts for combustion cars to EV, eletric airplanes, etc.)

[@floydphillipsco]

"budgets are made [to deal with problems, not to solve them]" That statement describes America perfectly...

[@kabysummit5801]

The status quo and the cutting edge are having a dance. Two pronged going forward. A little like capital vs. Bau.

[@hoffrun]

I think the USA for valid reasons will be the last territory to adopt EVs. As the rest of the world is solidly driving EVs , the US will slowly adopt and lose the ability to be a supply chain player with EVs.

[@LionheartLivin]

Last? I mean after China and Europe makes sense, but like after Kazakhstan? After Mongolia? After Uruguay? After Ghana?

[@00_UU]

@@LionheartLivinhe is right. EV growth in China is explosive and when EV prices will get extremely low Kazakhstan and Ghana will import all of their new cars from China (EV cars that is).

[@vlhc4642]

@@LionheartLivin China just overtook Japan to became the world's largest auto exporter, and they aren't selling their cars to USA

[@satriojumeneng7055]

As a customer of combustion engine cars, I have been fooled by mechanics almost the entire of my life. I do hope the EV cars are much more human in terms of how mechanics treat their customers.

[@GeneralChangOfDanang]

That would be nice, unfortunately it will be even uglier. Electric cars are extremely locked down and many have multiple subscription models attached to them. It won't be the mechanic screwing you, it will be coming directly from the car company this time.

[@jaxvoice718]

​@@GeneralChangOfDanang They definitely will try where they got the chance. Which is why pro-competition regulations are crucial. Anti-competitive patterns and behaviours must be struck down.

[@Slipher26]

My wife and I own 2 EVs, so far after 2 year, we’ve only done tire rotations. We have 40,000 miles on one car and 16,000 on the other. It has saved us a lot of money especially is fuel cost. My whole family seems to be transitioning. Change will be hard for many, but innovating is a must for any society. I hope that some of these companies understand and adapt as quickly as they can.

[@bingosunnoon9341]

The same battery I charge two thousand dollars for are being sold for six thousand dollars by mechanics who learned that fleecing the customer was the key to profitability.

[@BigBodyPresence]

45k km on my EV in less than a year and I havent had to go to a mechanic or dealer once sooo…

[@kaderferhat2495]

Show a politician how he can line his pockets and he’ll make your product mandatory

[@T0198]

It's all marketing, at least half of the car is the same. You need disc brakes, pads, calipers, brake lines, abs pump and brake fuild which requires maintenance, all the suspension parts, bushings, arms wishbones, springs, and shocks. Transmission shafts, differentials, hand brake. All steering parts, steering rack, inner/outer rod, air conditioning/heating, cooling system, all interior parts, windows mechanism, door locks, etc. So, 20 parts? The car has a lot of parts and most are the same you only replace the engine and Transmission, even the 12v battery is there.

[@connclissmann6514]

Find new products for EVs, find new non-vehicular customers or shrink. We all just have to stop burning stuff.

[@robertpalmer3166]

EVs require the burning of stuff.

[@connclissmann6514]

@@robertpalmer3166 Far less stuff than in the life of an ICE car. Batteries can be recycled at end of life; petrol and diesel can't.

[@mikafiltenborg7572]

‼️⚠️Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊

[@EireSaber]

Do you know where model 3 is on that scale?

[@lapprentice]

Technology advancement is not a threat. The incumbent has to adapt or die. These companies will eventually consolidate to survive. It has always been that way historically when a industry shrunk... I don't know why it is even "different" this time.

[@sumaiyanipaslifestyle8939]

Great share

[@justinjones6810]

If I were that first company I would start figuring out how to make magnets for the ev engines to diversify the products they offer

[@compaqdeskpro5770]

That seemed too obvious to not mention, magnetism is the core of an electric motor. If he's vetting Chinese suppliers, perhaps they don't want him doing that.

[@johndionisio9192]

They are metal fabricators, not a refinery, that's an entirely new business that needs a lot of capital and a cheap source of raw material which is china, if he is just going to import his raw material from china makes magnet then ship it back to china for assembly, I don't know how would they compete with byd

[@protovack]

If parts suppliers didn't re-tool to make EV parts, then they ignored the entire past 10 years of geopolitics and technology advances. If you are in charge of a large business and you ignored those things for ten years, should you really be running a business? This same issue is playing out in EU and Japan, and its exactly the same everywhere. The businesses that chose to adapt and change are thriving, those that buried their head in the sand are going to go out of business.

[@garoo1980]

This is fine but obviously aimed at the exclusively American audience. Worldwide gas car sales are down 20% and EV sales are taking up most of that slack. The US isn't there yet but it's worth noting

[@okobojishenanigans2338]

Good work CNBS. Nice video

[@Danny-fs1hk]

I love these CNBC business topic videos

[@Michael7477]

20 parts in an electric vehicle powertrain ??? 😂😂😂 There goes all the credibility this video may have had.

[@frankcoffey]

The parts to make a gas car are going to get really expensive. Great report by the way this show quickly delivers the major issues.

[@Jinx-ig1fz]

So let me get this right. The state would rather set money aside for blown tires instead of preventing the blown tires. What a waste of tax payers money. Darn shame.

[@ocampbell1954]

You've got evolve or end up like those coalmining and assembly line states crying about old industries.

[@dannmarceau9743]

Absolutely.

[@lelnin]

They will just move to Mexico.

[@GeneralChangOfDanang]

Yeah, it's going to be exciting when we enter WW3 with no manufacturing capacity.

[@javionriley8739]

Yeap! Gas engine/car 2000 parts Electric car: 20 parts Each part represents a job/manufacturer!! Do the math

[@briancoreas1147]

The secondary market will maintain the combustion engine vehicles when the OEM makers cut back.

[@LionheartLivin]

true!!!;)

[@DavidJao]

The video refers to the EV transition as a "problem". I do not agree that replacing 2000-part internal combustion engines with 20-part electric drivetrains is a problem. I call that progress.

[@anonymoususer1824]

And how do you suppose millions of people charge their cars on the current grid system lol. Good luck with that. And batteries are made from mining which is done using fosil fuels.

[@LionheartLivin]

@@anonymoususer1824 Hi! As time goes on older apartment dwellings will install EV chargers, many have already started and new dwellings are and will continue to have more legislation to build with EV chargers and often solar. Only thing that matters with regards to mining is overall where is the smaller impact, fossil fuels or EVs. A bit silly to think it isn't fossil fuels, it's in the name.

[@DavidJao]

@@anonymoususer1824 Thank you for parroting false myths #5 and #8 about electric vehicles. Here's the true facts. Even if every single car in the country magically transformed into an EV overnight, electric vehicles charge at night, and the total electric demand of all these hypothetical vehicles would be only 1/6th of the current daytime peak, well within the capabilities of the existing grid even with zero upgrades. Mining: yes, mining uses fossil fuels, but much less of it. A single electric vehicle needs 63kg of lithium over its entire lifespan as a vehicle. A single gasoline vehicle needs 10000kg of gasoline over its entire lifespan as a vehicle. Pretty obviously, mining 63kg of lithium uses less fossil fuels than mining 10000kg of crude oil. It takes more fossil fuels to mine the oil used for gasoline vehicles than to mine the materials used for a battery. It takes more fossil fuels to refine the oil for a gasoline vehicle into gasoline than to mine the materials used for a battery. It takes more fossil fuels to operate the tanker trucks needed to bring that gasoline to your gas station than to mine the materials needed for a battery. **I am not even including the gasoline itself which is burned to propel the vehicle!** This is just the fossil fuels needed to get that gasoline into your tank.

[@davefroman4700]

Declining economies of scale have crushed every incumbent business model in history that has been hit with a technology disruption. The entire fossil fuel based infrastructure will implode over the next few years.

[@cobaltblue1975]

Imagine how the entire horse and buggy industry was turned upside down once the car became mainstream.

[@gui577b]

Once upon a time, there was an industry of people who would come knock on your door or shoot a small pebble at your window at a certain time to wake you up for work. They were called "knocker-uppers." The invention of a reliable alarm clock eventually put all of them out of work. There aren't droves of unemployed knocker-uppers walking the streets nowadays. This is what I think when there are sob stories about industries being disrupted by new technology. If you're not willing to be flexible as a highly specialized company or trade worker you will have a bad time in a free-market society.

[@madboyreadynow28]

It’s time to change. This was a trend that started about 12 years ago when Elon started Tesla. Although there was no large market for EV parts. These companies had time to make the transition to begin the process to use their money to build new plants and to learn and study about EVs and the parts needed for those cars, trucks, trains and so on. Everything today that requires a human to operate will eventually be automated. These companies have had time to transition and prepare. I work for a software company. We’re moving from a web base platform to a cloud base platform. My company told us about this back in 2014. We’re going live in 2024. Those who didn’t prepare will be laid off. Those of us who took it serious will stay and continue. American companies feel entitled and this is a problem that will eventually hurt our jobs market and economy. These companies have had more then enough time to change course.

[@LordLoMR2]

The best part about EVs is they don’t rust out as easily. My tesla was bought new in the Midwest and went through 3 winters there. Only thing that started rusting was strangely the wheel studs. 😂 Wife’s gas suv on the other hand, engine mounts, exhaust, suspension, and parts of the frame rusting out. 😢

[@thirdstar9255]

you belong in jail, not on the roads.

[@ShiningSakura]

If it ever floods though, especially sea water...... your tesla is toast for good. No saving it from that damage and eventual consuming electrical fire.

[@LordLoMR2]

@@ShiningSakura any car is toast when exposed to sea water. You’ll have salt rusting the frames from the inside out. 😂

[@ShiningSakura]

@@LordLoMR2 Of course any car will get rusted out with salt water given enough water. Cars don't do well in a bath level of water, I'm talking low level floods. Should have specified that, my bad. Ever heard of cable gate? Its an issue with electric cars. One shouldn't have to coat cables or pay extra to sleeve them in an attempt to protect them from corrosion from regular use or replacement for $6000 or more depending on the car.

[@blablabla1185]

I'm an owner of an EV (VW ID4). What I see is a tremendous part shortage for the EVs. Any repair would cost several months just waiting for the parts, as mentioned by other owners.

[@DISOPtv]

They will probably thrive with people keeping ICE vehicles longer and longer.

[@hammerdown3876]

Exactly the way things are going with the economy everybody's keeping their cars for 20 plus years now like I am. I need parts to do that.

[@ronch550]

I need a magnet to attract pretty chicks. I wanna be a chick magnet. Can Storch give me that?

[@InclusiveOrange]

This all seems like a premature victory lab for the EV movement. I’ll buy and install my “ICE” parts many times over before I go Landfill diving for Nickel, Cobalt, etc when EVs inevitably and ironically become non-renewable.

[@jonathanf.9395]

Yaaaawwwwwwnnnnnnnn

[@LionheartLivin]

That's DEFINITELY GONNA HAPPEN!!!!

[@darbkavon]

It’s already happening though!! EVs (or rather compelling ones like Teslas) will continue to disrupt big time

[@jmonsted]

If you've hitched your wagon to a dead horse, don't be surprised if you're going nowhere. Surprisingly, electric motors often have a bunch of magnets in them...

[@mackenziegray2090]

What are people suppose to do when their job requires traveling with emergency calls and your car battery is dead?

[@LouisDuran]

I love hearing this story. ICE motors are more complicated, need more repairs, noisy, dirty and polluting and way, way less efficient. The fact that new engine development has slowed down so much in 8 years is great news. Can't wait until I don't need to hear ICE motors and breathe their pollution.

[@petesmitt]

I've just rebuilt my 80's ICE vehicle, so it will go another forty years; there are plenty of people like me, that will continue to drive ICE vehicles for a long time yet and it will be a long time before diesel heavy vehicles are taken off the roads, so I suspect you will be dead before ICE vehicles are no longer around..

[@Simon-dm8zv]

@@petesmitt Yes, they will be around for a pretty much long time, but the numbers will be very low.

[@Chad_Max]

Everything will be fine. Very few countries are wealthy enough to transition to EVs b/c its expensive. Most of the world will still be dependent on ICEs well into the future. The car companies will just have diversified products depending on the market...

[@jkardez4794]

Have you seen the cost of the latest ev models ?

[@MichaelWashingtonAE]

So you really have not been paying attention to the cars currently being produced and sold in China, India and Thailand. $12,000 to $22,000 cars are an actual thing

[@00_UU]

You have no idea. GM SAIC already sells 5,000 dollar EV cars in China. Cadillac Lyriq costs 10k less in China just to follow the competition. We are being fed “EVs are expensive” koolaid by greedy companies here in the US, but inflated prices and corrupt monopolies controlling the market is business as usual in the US of A.

[@Rhaman68]

It’s enjoyable to see how this piece outlines the reasons to go electric as to transportation. The main one as to manufacturing is simplicity. Secondary ones deal with less resources needed. No doubt, this transition is going to take decades. A 2009 report about Tesla’s effort to create out of nothing the magical Model S. Still, Tesla took 3 years to reales it’s first run of S while the article pointed out that Ford and GM were “hit on the trail.” A laughable statement as GM and Ford created no EVs until 2018 (GM Bolt) and 2021 (Ford Mach E). Meanwhile, as people will want gas cars, repair, rebuild, upgrade shops shall guarantee combustion engines shall be around.

[@trevorsutherland5263]

100 years ago BEV's were 30% of the US car market and they lost out to gas cars. If these things are still around (and able to stand on their own economically) in 2043 I'll be a believer. Until then...

[@marcussver620]

In Western countries, the scarcity of raw materials is the reason why their cars are more expensive compared to china, which enjoys lower costs due to its control over the supply chain of rare earth elements and many ppl from china can afford it or they can sell their cars to developing(some developed) countries in a affordable prices.

[@dertythegrower]

no.. and no they cannot any longer in the east either.. lack of jobs, i listen to people who live and factory work there

[@awsomeboy360]

One of the reasons why China has been investing in various African nations where many of those raw material lies.

[@lostboy8084]

Wrong the reason why vehicles are more expensive at least in America is a law that prevents the manufacturing cheaper is automobile dealer.

[@connclissmann6514]

There are no rare metal minerals in EV batteries.

[@jkardez4794]

China simply screws their workers

[@madboyreadynow28]

What people needs to understand about EVs is we are still in the early days of EVs. Similar to the model T or the iPhone when phones went to touch screen. We can look at the past to see how much of a difference these 2 important products have changed over the years. It will be the same with EVs. Today the average range is 300 miles. In 5 years it will be 800. The technology will change over time to improve EVs. There is a manufacturer already installing solar panels on the roof of the car. This will help to power small things in the car. We should be patient to understand EVs are the future. They’re not going anywhere. They will become affordable and better over time. What we have today is amazing so think of what the future of EVs will be in 10 years.

[@vitolu6727]

In China, EVs contributed 20% of new car sales in the first half of this year, with PHEVs contributed 10%. Today, Chinese automakers are only developing internal combustion engines for PHEVs, believing that by doing so they can extend the life of the industry and buy them enough time to convert to EVs.

[@MooreDoing]

I like that Storch is doing. Good company.

[@Ultrajamz]

A little misleading to say EVs have few parts. They are just preassembled into larger units visible from the consimer side. Also on “moving parts”, its a bit misleading yet again, because each individual electrical component itself is a point of failure, transistors, capacitors, etc. You see it in some ICE cars with low miles, they still have issues when they get older often related to electronics problems.

[@methos-ey9nf]

Agree it's misleading to see EVs have few parts (how many individual cells in a Tesla?). However, I think comparing moving parts is NOT misleading. Moving parts have a set of specific failure modes that are not shared with electronics. It's fair to compare apples to apples. So EVs do in fact have a lot less moving parts, but the next question is how many electronic parts do they have? Comparing electronics from ICE to EV would be fair.

[@StefanoFinocchiaro]

@@methos-ey9nf A cell count as a single component from manufacturer standpoint

[@Tron-Jockey]

LOL, absolute nonsense. EV's will have much less maintenance and much lower cost-to-own over their lifetime. Just look under the hood. Electric motors have essentially one moving part. None of the hundreds of points of wear-n-tear or failure that Gasoline vehicles have. None of the extreme heat and vibration that prematurely degrades everything under the hood (hoses, belts, wiring, sensors, gaskets, seals). EV's have no need for serpentine belts or associated pumps, pulleys, bushings or bearings. No alternator, mechanical water pump or high temperature, high pressure engine cooling system needed. No starter motor needed. No coil packs or ignition control modules. No fuel injectors, fuel pressure regulators, fuel pumps, or fuel injection control modules. No transmission or power steering pump, so no oils or filters. No exhaust system, O2 sensors or catalytic converters. Latest batteries are designed to last over 1500 full charge cycles (over 3000 for the new LMFP chemistry being used by Ford and Tesla). An EV with only 250 miles of range per charge cycle, after just 1000 charge cycles, will have outlived the typical gasoline engine. A 30 mpg gasoline vehicle will need over 8,500 gallons of gas to reach 250,000 miles. At $3.50/gallon that's nearly $30k for fuel alone, not to mention all the oil changes, FAR more frequent brake jobs, at least two alternator and water pump replacements, at least two timing belt replacements or one timing chain/timing gear replacement, at least one transmission rebuild, at least two sets of pan and valve cover gaskets, a rear engine oil seal replacement, one head gasket replacement, multiple O2 sensors and multiple dealer trips to extinguish the "Check Engine" light. And possibly hundreds of hours wasted sitting in customer lounges waiting for all this work, and after 250,000 miles at least one complete rebuild of your gas engine. You'll need over $50k just to keep that gasoline vehicle on the road ($60k if done by a dealer). And I'm to be worried that after 15-20 years and 300,000 miles I "may" need a new $8k to $15k battery? Get real......

[@Ultrajamz]

@@Tron-Jockey I said misleading I didn’t say EVs will necessarily be worse. They are making it seem like EVs will be godly… all you have to do is look at Mac repair videos and existing Tesla repair problems people have where things that “should” be simple repairs are not because things are monolithic, so there are “fewer parts” but the parts are complex and when they fail are very expensive.

[@Ultrajamz]

@@methos-ey9nf so do electronics, on/off cycles, thermal cycles, etc…

[@lurkingarachnid7475]

People aren't that dumb

[@rahuliyer7456]

A few things to note 1) every business should have a business continuity plan. It should have risk management as part of it. 2) SWOT, Strengths, Weaknesses, Opportunities, and Threats must be analyzed. This is how you manage risk. 3) The paradigm is changing. Everyone returns to zero. That is what the guru Joel Barker preaches. 4) the automotive aftermarket needs to be assessed...not just the OEM market. How many ICE vehicles are still on the road? What is their lifespan? Many questions still to be answered.

[@Jolly-Green-Steve]

The ICE vehicle via it's need for consistent and costly repairs has been a vampire on the pockets of the common man for far too long. Time for it to go the way of the dodo.

[@FactsAboutTheWorld.]

Yes its a lot of parts in a combustion engine, but if something fails, its cheaper and easier to fix. If an EV fails its toast, and you have to replace the entire thing, which can cost as much as the car itself, so which is better?

[@ocampbell1954]

where the hell did you get this information? lol

[@andrewleno591]

That's correct, especially with batteries. If it has a problem you have to replace it. Another problem is that they are prone to damages/integrity of the car body... if car was in some incident and the main frame was twisted or deformed, it could affect the battery. But replacement of the battery will not help, that car is for scrap....

[@sjneow]

You dont need to replace the entire thing, there are already 3rd party workshop that figure out how to replace only a small part of the battery, eventually we will get to the same expertise with EV that we spent decades to learn in ICEs

[@lelnin]

​@@ocampbell1954google Chevy volt battery life and battery replacement

[@aware2action]

Also, most batteries have warranty in the 100k+ miles or 8 years. With ICE cars, with diligent maintenance , things start breaking down after 100k+ miles. There are EVs on road with excess of 500k miles, with minimum repairs. Just some 💭

[@BYTES305]

Electric vehicles are being pushed for 1 and only 1 reason, full controll of you once you are inside that electric big golf cart they can shut you down any time anywhere lock your car self drive it back

[@ocampbell1954]

Tin foil hat.

[@lelnin]

​@@ocampbell1954use Google. Tesla opens the cars to help repo workers

[@dannydaw59]

Is that an electromagnet or a normal magnet that picks up metal from the road? That would be labor intensive to clean off the pieces if it's a normal magnet.

[@DunnickFayuro]

"Budgets are made to replace tires, not to buy stuff that reduce the need for tire replacement". There. So many things go wrong in this world because of this type of thinking.

[@TUHANbukanorangARAB]

EXACTLY, IT IS CALLED AS EFFICIENCY. US MODERN SOCIETY SHOULD KNOW IT BETTER.