AndysComputer
Well-Known Member
I am not one that focuses on all of these vehicle market statistics, as I know I wouldn't retain them in my head anyway. However, I am definitely old enough to easily remember the past periods where gasoline prices spiked and (surprise!) all of a sudden any vehicles with high gas mileage specs, including the hybrids of the day and now including BEVs were in high demand and carried higher prices. Now we see once again the same ("the more things change, the more they stay the same"). So, be sure to include in your theory the usual "unforeseen" bump in demand for higher-efficiency vehicles in periods of relatively high gasoline prices.
(To really show my age, I can say I remember retail gasoline prices in the $0.25 / gal range when I was in graduate school! Of course, my trusty but old Pontiac got maybe 10 mpg on a good day.)
it always fascinates me how people and companies never seem to learn from history…
We don’t even have to go back more than about 15 years to recall when SUVs like the original Hummer and pickup trucks etc fell out of favor because gas prices had climbed to over $4. All of a sudden the people who claimed they “needed” such a vehicle were selling up and buying fuel efficient cars. So much for “need”.
Gas prices fell and people flocked back to trucks and SUVs as soon as the economy started to improve. So many people sign 5 and even 7 year finance agreements now on vehicles that get lousy gas mileage because at the moment of purchase the gas prices are ok. But with such long finance terms you’re begging to be caught out by a gas price rise…
I honestly have very little sympathy at this point.
I remember something Bob Lutz from GM said in “the revenge of the electric car” documentary how they were hammered by congress at that moment for selling big trucks instead of fuel efficient cars but he pointed out that the public goes where the gas prices are, when they’re low they buy trucks and there was a danger the Volt would die due to the rapidly falling gas prices. And he was right. Of course GM are idiots with the ridiculous new electric Hummer. The thing is an energy pig that will take an age to charge at any common fast charger just to get 200 miles on the highway. Totally impractical. But comments on YouTube videos show people love the thing because they don’t understand the limitations brought about by running a vehicle with a giant battery. I guarantee it will fall flat.