Jump to content

Company halts construction of $2.7B battery project in eastern Ontario


Recommended Posts

On 8/5/2024 at 12:56 PM, sharkman said:

It’s funny, I seemed wrong a couple of years ago when I first started warning about a serious recession.  Today everyone knows about the danger.  
 

The EV market is in upheaval of sorts, for various reasons.  In a few years, hydrogen technology may have become the answer, and you may be on the wrong side of history again.

What recession???

What EV "upheaval"?

  • Like 1

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

On 8/5/2024 at 12:56 PM, sharkman said:

It’s funny, I seemed wrong a couple of years ago when I first started warning about a serious recession.  Today everyone knows about the danger.  

No, you've been vaguely warning the sky is falling for years, copy-pasting twitter garbage, and citing charlatans and crypto-bros.  Nothing you predicted has come to pass.  

Recessions are inevitable, so eventually you'll get one, but the financial apocalypse you were hoping for has unsurprisingly not arrived. 

On 8/5/2024 at 12:56 PM, sharkman said:

The EV market is in upheaval of sorts, for various reasons.  In a few years, hydrogen technology may have become the answer, and you may be on the wrong side of history again.

In a few years, the EV industry will be bigger than ever, hydrogen will have not yet taken off, and this will just be another feather in that wrong-headed cap of yours.  

On 8/2/2024 at 1:00 PM, CdnFox said:

I wonder. It really does seem like the ev market is relatively niche and that niche has been largely serviced at this point. 

Right now it's too expensive, and it will be fore some time.  Things like Trudeau's 2030 targets are pipe-dreams especially in the context of Canada's overall affordability (housing, grocery etc).  

EV's are not going anywhere though.  

On 8/2/2024 at 1:00 PM, CdnFox said:

There seems to be  a lot more interest in going back to plug in hybrids, which do make a lot more sense as a general use vehicle till the tech makes that last jump

Yep.  

Edited by Moonbox
  • Like 1

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Link to comment
Share on other sites

On 8/2/2024 at 8:46 AM, Moonbox said:

You're going to look really silly in a few years, lol.  

Anyone owning or buying a new EV today will be looking silly themselves in the next few years. Especially after they have owned an EV for ten years where they may have to replace the battery at a huge cost to themselves. I will certainly never buy an EV if i know that in ten years i may have to fork out tens of thousands of dollars for a new battery. Even to replace an ICE engine does not cost that much.

If car dealerships and car manufacturers are trying to get rid of their EV's, that must tell us all something. But we must wait and see as to who will have the last laugh. 

Link to comment
Share on other sites

On 8/2/2024 at 10:34 AM, ExFlyer said:

We become narrow minded and think EV or PHEV are only a Canadian or US issue or market.

EV and PHEYVsales world wide are increasing and the forecast looks like it will increase again.

"In 2023, just under 60% of new electric car registrations were in the People’s Republic of China (hereafter ‘China’), just under 25% in Europe, and 10% in the United States – corresponding to nearly 95% of global electric car sales combined."

https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-cars

I just cannot wait for the day when your dream of an all EV future will result in the needing of millions of charging units on every street in Canada because millions of people have to park their cars on the street. I cannot wait to see all the EV charging units doted all over the countryside. I have to leave my vehicle on the road with no way of charging it if i owned an EV. There have been many of instances where these EV charging units have broken down especially in winter time. 

Do people like you ever think before you speak? I mean really. Can you picture seeing millions of EV charging units everywhere we go? And where are they going to get all the electricity that will be required? In California they have electrical blackouts all the time from the overuse of electricity. Are you willing to sacrifice your air conditioner when the temperature hits 90 or a 100 degrees in the summertime just so you can have a charging unity available for your EV? One may have to go. 

They may be selling many EV's in those countries you mentioned above, but what about the rest of the third world? Are they going gangbusters to get the people in those countries to buy EV's? What are the EV sales in India and Africa for examples? As i have mentioned already, the amount of EV charging units that will be required would be massive beyond belief. EV's may be okay in the city with some charging units available but that is it. Unless one owns a home where they can use their home electricity to charge their EV up over night, i really cannot see them being much good for anything else. Just my opinion. 

Link to comment
Share on other sites

6 hours ago, ExFlyer said:

What recession???

What EV "upheaval"?

The recession that Warren Buffet has been preparing for since the beginning of 2023.  He currently has 278 billion pulled out of the markets waiting for the drop.  While the masses are saying, “what recession?”  

We love you because you are going to make us so much money.  Ditto with your EV ignorance.

Link to comment
Share on other sites

We don't have the infrastructure fir Trudeaus plans,  but it keeps the eco freaks happy.

Toronto, like a roach motel in the middle of a pretty living room.

Link to comment
Share on other sites

1 hour ago, taxme said:

I just cannot wait for the day when your dream of an all EV future will result in the needing of millions of charging units on every street in Canada because millions of people have to park their cars on the street. I cannot wait to see all the EV charging units doted all over the countryside. I have to leave my vehicle on the road with no way of charging it if i owned an EV. There have been many of instances where these EV charging units have broken down especially in winter time. 

Do people like you ever think before you speak? I mean really. Can you picture seeing millions of EV charging units everywhere we go? And where are they going to get all the electricity that will be required? In California they have electrical blackouts all the time from the overuse of electricity. Are you willing to sacrifice your air conditioner when the temperature hits 90 or a 100 degrees in the summertime just so you can have a charging unity available for your EV? One may have to go. 

They may be selling many EV's in those countries you mentioned above, but what about the rest of the third world? Are they going gangbusters to get the people in those countries to buy EV's? What are the EV sales in India and Africa for examples? As i have mentioned already, the amount of EV charging units that will be required would be massive beyond belief. EV's may be okay in the city with some charging units available but that is it. Unless one owns a home where they can use their home electricity to charge their EV up over night, i really cannot see them being much good for anything else. Just my opinion. 

Huh???

Deny the future all you want but....ohhhh, it is coming  LOL

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

33 minutes ago, sharkman said:

The recession that Warren Buffet has been preparing for since the beginning of 2023.  He currently has 278 billion pulled out of the markets waiting for the drop.  While the masses are saying, “what recession?”  

We love you because you are going to make us so much money.  Ditto with your EV ignorance.

Yeah...you are going to have to do better than throw out empty statements. Buffet is one voice in the forest. LOL

As for EV's, I just bought a new vehicle and it s not an EV. I do not think we have the infrastructure to support them yet but, it is coming. More and more every day.

The reality is "by 2030, the global electric vehicle stock (excluding two/three-wheelers) will reach nearly 250 million vehicles and grows to 525 million in 2035, when one in four vehicles on the road would be electric. Sales share could reach over 50% in 2035."  https://www.virta.global/global-electric-vehicle-market

So, your EV ignorance is clearly up there with narrow minded deniers. LOL

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

You're talking to someone who thinks there will be 'millions' of charging stations. Someone who hasn't noticed how land values are so high gas stations in the city are already closing in the cities and you'll have to drive further to get gas and use more in doing so.
Who hasn't yet noticed N America has got so far behind in EV development they're screaming for tariffs on those who did, jacking up ICE vehicles to ridiculous prices and cancelling production of everything that doesn't make maximum profit levels.

And NO ONE is buying those. Falsely claiming EV sales are falling while ignoring more than a years supply of ICE vehicles piling up unsold on the lots.

Ass kicked first by Japan, then Korea, now China. Still haven't learned shit.

  • Like 1
Link to comment
Share on other sites

BTW some people are whining they can't get small trucks like in the 12970s and 80s.
Because none of the Big Three build them. Their small trucks are as big as my old F100.

And you still pay a 25% Chicken Tax to keep them out, even though no one here makes or even wants to make them!

  • Like 1
Link to comment
Share on other sites

2 hours ago, PIK said:

We don't have the infrastructure fir Trudeaus plans,  but it keeps the eco freaks happy.

Duhhh, we don't have the infrastructure for the forecasted increase in PHEV and EV sales in Canada, US and the world.

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

1 hour ago, ExFlyer said:

Yeah...you are going to have to do better than throw out empty statements. Buffet is one voice in the forest. LOL

As for EV's, I just bought a new vehicle and it s not an EV. I do not think we have the infrastructure to support them yet but, it is coming. More and more every day.

The reality is "by 2030, the global electric vehicle stock (excluding two/three-wheelers) will reach nearly 250 million vehicles and grows to 525 million in 2035, when one in four vehicles on the road would be electric. Sales share could reach over 50% in 2035."  https://www.virta.global/global-electric-vehicle-market

So, your EV ignorance is clearly up there with narrow minded deniers. LOL

Warren Buffet IS the forest.  Glad to hear you bought a new vehicle.  Keep spending until you can’t…

Link to comment
Share on other sites

26 minutes ago, sharkman said:

Warren Buffet IS the forest.  Glad to hear you bought a new vehicle.  Keep spending until you can’t…

Ha Ha Ha....the forests warren buffet Ha Ha Ha

Oh, I can spend for a very long time and I will...all for me. LOL

 

https://www.cnbc.com/2017/07/12/use-warren-buffetts-simple-psychological-trick-to-be-persuasive.html

https://www.nerdwallet.com/article/finance/are-we-in-a-recession

https://www.forbes.com/advisor/investing/is-a-recession-coming/

Edited by ExFlyer

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

There's no coming shortage of electricity. We're going to ban personal computers that use over 25 watts by 2036 too.

And an ICE  $10,000 per cylinder luxury tax starting at #4.  Mandatory windmills in your back yard and solar panels on the roof.

Link to comment
Share on other sites

3 hours ago, ExFlyer said:

Yeah...you are going to have to do better than throw out empty statements. Buffet is one voice in the forest. LOL

As for EV's, I just bought a new vehicle and it s not an EV. I do not think we have the infrastructure to support them yet but, it is coming. More and more every day.

The reality is "by 2030, the global electric vehicle stock (excluding two/three-wheelers) will reach nearly 250 million vehicles and grows to 525 million in 2035, when one in four vehicles on the road would be electric. Sales share could reach over 50% in 2035."  https://www.virta.global/global-electric-vehicle-market

So, your EV ignorance is clearly up there with narrow minded deniers. LOL

Why would you not buy an EV if you think that EV's are the future? Dd the fact that you may have to pay thousands of dollars for a new EV battery down the road scare you off? That alone scared me off from wanting to ever buy one. 

You are not practicing what you like to preach. For me, you are looking a bit hypocritical right now. 😁

Link to comment
Share on other sites

1 hour ago, sharkman said:

Warren Buffet IS the forest.  Glad to hear you bought a new vehicle.  Keep spending until you can’t…

I do not know as to where this flyer guy gets his bull chit stats from. From what i have been reading and hearing, EV's are dead. 😇

  • Like 1
Link to comment
Share on other sites

12 hours ago, taxme said:

I do not know as to where this flyer guy gets his bull chit stats from. From what i have been reading and hearing, EV's are dead. 😇

Hey, Warren Buffet is the financial PT Barnum , whatever he says is for his sake and benifit.LOL

I have no idea who you have been listening to but it is clearly the wrong people LOL

Clearly you have been reading....I don't know what ....but whatever it is, it is wrong. I provided links to legitimate documents and papers.

Ya gotta get you head out of your locality. The world has increasing EV manufacture and sales.

Edited by ExFlyer

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

12 hours ago, taxme said:

Why would you not buy an EV if you think that EV's are the future? Dd the fact that you may have to pay thousands of dollars for a new EV battery down the road scare you off? That alone scared me off from wanting to ever buy one. 

You are not practicing what you like to preach. For me, you are looking a bit hypocritical right now. 😁

Because at this time the driving I do does not suit EVs.

Get facts and not just your normal rectal plucks.

"EV batteries are designed to power a vehicle for 10 to 20 years without repair or replacement. Battery replacements in the first 10 years are rare outside of large, publicized recalls. The likelihood that a battery needs to be replaced varies by manufacturer, battery technology, vehicle usage, and charging behavior." https://www.recurrentauto.com/questions/how-often-do-you-need-to-replace-an-ev-battery

"By the time today's EVs will need a replacement battery pack, it's likely the manufacturing and material costs will be far less than they are today. We're not saying that replacing your EV's lithium-ion battery pack a decade from now will be cheap, but we wager doing so will be much more affordable than it is today." https://www.caranddriver.com/features/a31875141/electric-car-battery-life/

Just because I did not buy an EV this time certainly does not mean I won't for my next vehicle purchase. Nothing hypocritical at all, just got what I need at this time.

You certainly are a narrow minded uneducated Luddite  LOL

Everyone is entitled to their own opinion. But you are not entitled to your own facts.

Link to comment
Share on other sites

On 8/7/2024 at 3:25 PM, sharkman said:

The recession that Warren Buffet has been preparing for since the beginning of 2023.  He currently has 278 billion pulled out of the markets waiting for the drop.  While the masses are saying, “what recession?”  

You don't understand why Warren Buffet pulled money out of the market, nor do you have any clue what he's actually saying, or what his strategies are.  You like referencing him, but you're only regurgitating garbage-takes off social media that, rather than quoting him or having any understanding whatsoever about what's going on, make their own uninformed conclusions based on little/nothing.  

What's Michael Burry saying these days, by the way?  🙄

Edited by Moonbox
  • Like 1

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Link to comment
Share on other sites

On 8/7/2024 at 5:14 PM, herbie said:

You're talking to someone who thinks there will be 'millions' of charging stations. Someone who hasn't noticed how land values are so high gas stations in the city are already closing in the cities and you'll have to drive further to get gas and use more in doing so.
Who hasn't yet noticed N America has got so far behind in EV development they're screaming for tariffs on those who did, jacking up ICE vehicles to ridiculous prices and cancelling production of everything that doesn't make maximum profit levels.

And NO ONE is buying those. Falsely claiming EV sales are falling while ignoring more than a years supply of ICE vehicles piling up unsold on the lots.

Ass kicked first by Japan, then Korea, now China. Still haven't learned shit.

Here in Fredericton NB i have seen 3 new gas stations being built, two of them directly across from their competitors...i think fossil fuel is here to stay for a while...now what happens in BC is anybody guess they like to torture themselves as climate believers...I do think the EV market is going to pick up, once the tech gets a little better, according to Elon musk....but there is no shortage of pickups in NB, sometimes it is the only way to get to work in the winter...something i doubt an non truck EV is going to do...

Other articles report that the big 3 are cutting back on their truck ev lines as sales are not what they expected, i think it is a lack of consumer confidences....other articles i've read say pretty clearly we lack the electrical grid capacity to meet any of the liberals lofty goals for 2030, we will be selling new fossil fuel vehs well past that date despite what justin/ jagmeet states...

Quote

 

But the surge in investment comes as the underlying EV industry remains at a crossroads. Growth forecasts have plateaued, charging infrastructure has not kept pace and electric vehicle prices have pushed the cars out of reach of many consumers.

For evidence of that look no further than Tesla. 

The EV giant's quarterly earnings this week showed a nine per cent drop in first-quarter revenue. That's the biggest decline Tesla has reported since 2012 and came as a surprise to even pessimistic analysts.

Ford now says its electric vehicle unit lost $1.3 billion US in the first quarter alone. The company only sold 10,000 vehicles in that period. In other words, Ford lost about $132,000 US for every EV it sold in the first three months of the year.

The company had already announced it would make less than half the electric pickup trucks it had promised.

That came on the heels of an announcement from General Motors that it would cut production of its EVs, citing slowing demand.

In its own earnings call on Thursday, the car-rental giant Hertz reported losses that were almost three times worse than expected as it tries to speed up the process of offloading electric vehicles in its fleet.

Hertz made an enormous bet on electric vehicles in 2021. It ordered 100,000 Teslas but eventually conceded they led to lower rental rates and higher costs.

Hertz officials say the company only actually purchased a fraction of that number. But it's now trying to sell about 30,000 electric cars by the end of this year.

EVs traditionally have higher repair costs, but the rental car company was clobbered on re-sale values after Tesla cut prices last year.

So, do massive subsidies and tax credits for the EV industry make sense when the industry itself seems to be struggling?

 

https://www.cbc.ca/news/business/ev-sales-have-slowed-do-massive-subsidies-still-make-sense-1.7185232

Edited by Army Guy
  • Like 1

We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.

Link to comment
Share on other sites

No shortage of pickup trucks there? Welcome to N America. How did loaded F350 double cab 4x4s with duallies get referred to as a "Surrey" or "Prince George" Cadillacs?

You've probably got a chargins station since this thread started, referring to 10 years ago as now is ridiculous. And the 'millions' includes the ones already there on your house where you plug your weed whacker into.

Link to comment
Share on other sites

12 hours ago, ExFlyer said:

Hey, Warren Buffet is the financial PT Barnum , whatever he says is for his sake and benifit.LOL

I have no idea who you have been listening to but it is clearly the wrong people LOL

Clearly you have been reading....I don't know what ....but whatever it is, it is wrong. I provided links to legitimate documents and papers.

Ya gotta get you head out of your locality. The world has increasing EV manufacture and sales.

As i said already? Car manufacturers and car dealerships are trying to get rid of their fleets of EV vehicles because nobody wants to buy them anymore. They may sell the odd EV here and there, but the novelty of buying an EV is over. You already told me that? LOL.

Link to comment
Share on other sites

2 hours ago, herbie said:

No shortage of pickup trucks there? Welcome to N America. How did loaded F350 double cab 4x4s with duallies get referred to as a "Surrey" or "Prince George" Cadillacs?

You've probably got a chargins station since this thread started, referring to 10 years ago as now is ridiculous. And the 'millions' includes the ones already there on your house where you plug your weed whacker into.

Well whats that say about EV's in BC, even when they have to drive the extra mile to get fuel....I think i countered all your points, Nope all three of the new Gas stations or truck stops have no charging stations...or course 1 of them is still under construction so i'll have to wait and see...the source i gave you was of Apr this year so it is pretty accurate, and your EV charger does not plug into your weed wacker plug...at least not here in NB, here you need a 220/240 outlet created or installed, if there is room on your panel...and not everyone on your block can have a charger mounted in their home, the grid is not set up that way or so the media has said...

We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.

Link to comment
Share on other sites

You have 4 charging stations in Fredericton. Now, today, already. And most likely on on the outside of your house.
Even this boonie town of 1400 has TWO. And there are more yards with shops having 220-440V than there are home with no external plugin at all.

Repeating the same tired falsehoods is not countering anything at all.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Tell a friend

    Love Repolitics.com - Political Discussion Forums? Tell a friend!
  • Popular Now

  • Member Statistics

    • Total Members
      10,801
    • Most Online
      1,403

    Newest Member
    AlexaRS
    Joined
  • Recent Achievements

    • Old Guy went up a rank
      Enthusiast
    • Mathieub earned a badge
      Reacting Well
    • Chrissy1979 earned a badge
      Posting Machine
    • Mathieub went up a rank
      Apprentice
    • Mathieub earned a badge
      Collaborator
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...