CleanTechnica•about 18 hours ago
Why Have Automakers Written Off $55 Billion In EV Investments?
Key Takeaway
The significant write-off by automakers due to overestimated EV demand signals a potential slowdown in electricity load growth from transportation, requiring power developers and large consumers to re-evaluate future demand forecasts and investment strategies.
AI Summary
- •Major automakers have written off $55 billion in EV investments, indicating a significant overestimation of EV demand and slower-than-anticipated adoption rates.
- •This slowdown in EV growth implies a potential reduction in projected electricity demand from transportation, impacting long-term load forecasts for grid planning and new generation/storage development.
- •Power developers and large power consumers should re-evaluate their assumptions regarding future electricity demand growth driven by transportation electrification, potentially leading to adjustments in project pipelines and investment strategies.
Topics
emissionsfinancingoempolicysolarstoragewind
Article Content
An article title caught my attention today for a couple of reasons. The title of the article is: “Major Automakers Have Written Off $55 Billion After Overestimating EV Demand.” Hmm…. First of all, the thing that jumped out to me was $55 billion. That’s a lot of freakin’ money! The ... [continued] The post Why Have Automakers Written Off $55 Billion In EV Investments? appeared first on CleanTechnica .