VW Removing Themselves As Competition For Tesla
After firing Herbert Dies, VW seems to go further down the rabbit hole of non-legitimate player in the EV race.
In this video I discuss how VW is crushing the idea of a plant that Dies approved to spit out EVs at a pace near that of Tesla. Instead, it will proceed forward with many of their ICE factory conversion.
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I just don't see electric vehicles being a long-term solution just yet until we can figure out how to make a environmentally friendly and more sustainable battery system.
The conversion is something more based in reality if people want to spend the extra money and extra hassle as well as cost to have an electric vehicle sure but why would you ignore the internal combustion engine as well.
Personally I think that is a better strategy than just with Tesla as huge amounts of problems with Tesla vehicles are coming out. Like you can't do any maintenance or work on them and if you have a problem with the battery basically you just need a new car.
Summary:
In this video, the speaker discusses how Volkswagen is eliminating itself as a competitor to Tesla in the electric vehicle market. This shift is attributed to Volkswagen canceling the plant construction that was intended to transition the company into an electric vehicle manufacturer. The former CEO, Herbert Dees, who championed this move towards electric vehicles, was fired after proposing an electric vehicle factory to align with Tesla's efficiency. The speaker believes that Volkswagen's decision to halt this progress could hinder its future competitiveness, likening Volkswagen to General Motors in terms of not being a serious contender against Tesla. The episode highlights the importance of embracing electric vehicle production efficiencies to stay relevant in the industry.
Detailed Article:
The video delves into Volkswagen's missteps in its attempt to transition to an electric vehicle company and how this decision might impact its position in the market. The focus is on Herbert Dees, the ousted CEO who aimed to align Volkswagen with Tesla's success in electric vehicle production. Dees's visit to Tesla's Berlin factory opened his eyes to the stark difference in efficiency between the two companies. The rapid pace at which Tesla can produce vehicles compared to Volkswagen highlighted a glaring issue for the latter. Despite recognizing the need to adapt and improve efficiency, Dees was let go, and his successor reversed plans for an electric vehicle factory inspired by Tesla's model.
The speaker expresses skepticism about Volkswagen's ability to keep up with the growing demand for electric vehicles, considering the declining trend in sales across the auto industry. The mention of Toyota's decreasing sales and the overall industry downturn hints at broader challenges beyond Volkswagen's specific situation. The issue of existing internal combustion engine (ICE) vehicles sitting idle in people's garages raises questions about future demand for electric vehicles and the potential shift in consumer preferences.
Looking ahead to 2026, the speaker anticipates Tesla ramping up production significantly, posing a threat to traditional ICE companies like Volkswagen. While acknowledging that Tesla alone may not dominate the entire market, the rise of successful Chinese electric vehicle makers like BYD presents another contender that could disrupt the industry. The contrast between legacy automakers' slower progress in electric vehicle production and BYD's expansion underscores the importance of swift adaptation in the evolving market.
The conclusion emphasizes the speaker's belief that Volkswagen's decision to halt electric vehicle factory plans has positioned it alongside General Motors rather than as a serious competitor to Tesla. By shooting themselves in the foot, Volkswagen's stance is seen as detrimental to its future competitiveness in the electric vehicle market. The video prompts viewers to share their thoughts on Volkswagen's strategy and its implications for the company's future.