Imported vehicles are seriously piling up at European ports, turning them into “car parks.” Automakers are distributors are struggling with a slowdown in car sales as well as logistical bottlenecks that make it hard to alleviate the buildup of new, unsold vehicles.
Some Chinese brand EVs had been sitting in European ports for up to 18 months, while some ports had asked importers to provide proof of onward transport, according to industry executives. One car logistics expert said many of the unloaded vehicles were simply staying in the ports until they were sold to distributors or end users.
“It’s chaos,” said another person who had been briefed on the situation.
@VoterPumaRepublican4wks4W
Remember in 2020 when Wall Street 'priced in' the growing EV market? You had small companies with only 80million in revenue that didn't make any profit being valued as a multi-billion dollar company (BLNK).
Now if you do a pump and dump you go to jail, but if Wall Street blatantly does it (EV, AI) well... 'it's just the free market...' . Nah, it's all a fraud pump and dump and their boy Gensler at the SEC is in on it.
The greenies fail again.
The Rainbow Unicorn crowd seems intent on poisoning the planet.
There is nothing "green" about E.V.'s; they are worse that Internal Combustion Engines (I.C.E.'s).
More waste in production, petroleum or coal fired electricity to charge, and huge toxic time bombs of plastic and chemicals when junked.
Closer to home here in the USA...
In Chesterfield MO, of all places, you can find hundreds of new, unsold Teslas, including Cybertrucks, parked at a soon-to-be demolished shopping mall.
Beyond asking why they are there, isn't the local Fire Department concerned about the concentrated fire risk?
Or is that the plan? Burn down the old mall via the Tesla conflagration?
Insurance pays both ways?
I'll be sure to be up-wind when that fire starts!
If climate change policy was actually about fixing the climate, then why not give these cars to everybody to get those evil gas guzzlers off the road?
Of course we know this is not about the climate
China should be putting an unsold EV in the driveways of all the ghost cities they've built.
@ISIDEWITH4wks4W
What personal concerns does the build-up of electric vehicles in ports raise for you about the future of transportation and sustainability?
@9M7KHQT4wks4W
This problem will never effect me or my future children, this is a problem for the Chinese government.
@ISIDEWITH4wks4W
How do you feel about the environmental impact of thousands of unsold electric vehicles sitting unused in ports?
@9M7HYZNRepublican 4wks4W
They are wasting away, useless manufacturing, the batteries are acidic and could be bad for the waters surrounding the port.
@9M7JLWR4wks4W
The use of private electric vehicles may address the environmental impacts of cars, but otherwise is ineffective at addressing other issues
@9M7J8X74wks4W
I feel that they do not affect anything so long as they are not polluting areas and it is the equivalent of coca cola having a large supply of coke not being sold.
@9M7J6RP4wks4W
I think it's terible and they should be removed. And if people are abanding them they should be fined.
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