CHINA Electric Vehicle Disaster as Sales Growth & Prices Fall, USA 100% Tariff & Competition Soars

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In this video I look at what is happening with Electric vehicles. Both the price and the sales growth for electric cars fell in Q1 2024, Tesla, the leading brand globally, announced it was firing 10% of its workforce including the staff at its charging business and the share prices of EV brands crashed. However, despite all of this bad news, ZEEKR, a Chinese EV brand, listed its shares on the New York Stock Exchange at a valuation of over $5 Billion and raised $441 Million from USA investors. China has been flooding Global markets with low cost electric vehicles and as a direct result of this the USA recently introduced a 100% tariff on Chinese EV's. In this episode I look at the reasons why electric vehicle sales are slowing, why there is a reluctance to move to electric for the majority of car buyers and what the implications of the increase in competition means for EV brands such as ZEEKR.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
4:10 ZEEKR IPO
6:58 EV SHARE PRICES
9:39 EV SALES
11:27 EV BRANDS
12:45 EV CONCERNS
13:40 RANGE ANXIETY
16:03 CHARGING INFRASTRUCTURE
18:13 EV COSTS
21:38 REPAIRS
22:46 SUMMARY & CONCLUSION

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#rangeanxiety
#globalrecession
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#deflation
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#technology
#wheat
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#india
#Belt&Road
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#globalfinancialcrisis
#russia
#Evergrande
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#Recession
#Bonds