Car lots are drowning in unsold EVs! Why?
🌍The global conversation regarding electric vehicles has drastically shifted in the last year. Suddenly, the era of government‑mandated transition seems to be ending. For the first time in decades, the driving force of the EV market is being returned to car buyers—not politicians.
🧑⚖️Behind the change was the removal of the legal framework that proclamed CO2, the lifegiving gas in Earth aptmosphere was a deadly pollutant needing to be regulated. This legal change effectively removed the US government's authority to demand CO2 cuts. It is estimated this will remove a $1.3 trillion drag on the US economy.
🌎This change has prompted other nations to re‑evaluate their regulation on CO2. In just a few months Angola, Argentina, Australia, China, Germany, France, New Zealand, India, Indonesia, Russia, and the UK have reduced or even halted their CO2 emissions laws. Many governments have also lowered—or eliminated—subsidies to the EV sector.
🚘The Resulting Delema for Automakers
Despite heavy discounts, often below manufacturing cost, EV sales have dropped by as much as 70% in some regions. Manufacturers of EVs are searching for solutions.
🚘🚗Over 20 EV makers have announced plans to follow the lead of Porsche, who in 1901 use a small
4‑stroke engine as a range extender for an EV prototype.
🛣️No Road is too long when you have
On Board Electricity.
Kamtech OBE1 represents a new chapter in automotive innovation, securing a brighter future for both EVs and the companies that build them.