The EV market has gone 'from optimistic to realistic', says former Ford CEO Mark Fields
Vložit
- čas přidán 7. 03. 2024
- Mark Fields, former Ford Motor Company president and CEO, joins 'Squawk Box' to discuss the state of the EV market, the competition posed by China, impact on U.S. automakers, and more.
Near me, electric car recharging slightly into garage, caught on fire, burned car and house down
Sales will fade as battery replacement horror stories grow
First he complains that costs are too high. Then he goes on to complain that they are dropping prices.
But now there is cybertruck so all will be good again.
there , is a REASON why Fields is NOT at Ford anymore.
He's correct. The price drop is bad for everyone who bought the cars at the higer price. That's why people are extra carefully now.
If I need a car, I would buy the new Model 3 Highland without any thought of fear of it being depreciating because I will be driving it for the next decade just like I am driving my current car.
@@markplott4820 : doubt Farley is any better though.
People are waking up, like the EV owners who ran over debris on the road and scratched up the sheild underneath the car and were quoted 60 grand to replace batterys and warranty wouldnt cover it and neither would insurance
I won't buy an EV because they're expensive and I can't throw it in a drawer when the battery dies.
Trade one pollutant for another. Lithium EV batteries are highly toxic to people and our environment, a constant fire danger adding one more thing to an ready polluted environment . EMF are another concern.
Did you read that somewhere? Batteries are no more toxic than Petroleum products less of a fire hazard than a highly flammable fuel ignited by a spark and the EMF scare is total bs.
That is what ICE companies wants you to believe. Keep up your good understanding and consuming smokes from ICE.
Better throw away your cell phone, tablets, notebooks, flashlights, remote controls, cameras and doorbells, anything using berries if you feel this way, I'd love to see you Live without battery power since you feel this way..
Only toxic to the children who mine for some of the minerals needed. 😳
@@sexyguard100 If it's Lithium or Lithium base or like most rechargeables.. Beware !
This from the federal government web site.
Here you go, in plain English .
Lithium batteries are regulated as a hazardous material under the U.S. Department of Transportation's (DOT) Hazardous Materials Regulations (HMR; 49 C.F.R., Parts 171-180).
Exposure to Lithium can cause loss of appetite, nausea, vomiting, diarrhea and abdominal pain. ► Lithium can cause headache, muscle weakness, twitching, blurred vision, loss of coordination, tremors, confusion, seizures and coma. Clean energy ? .. No, I don't think so !
I remember when the CEO of Nokia said APPLE is done! Nobody wants a phone without keyboard 😂
Full self driving and spacex are the big reasons Tesla made it.. And one of those is basically a pipe dream whose woes in the future outlook seem just a utopian idea built as a means..
Good one! And Elon gave the Yellow Pages first chance to buy their future prosperity. The CEO thought his giant book was irreplaceable.
@@LegendaryInfortainmentò0k999999999999999999999
History might not repeat itself.
STILL .. you would prefer a keyboard
Tesla's are poorly made cars. Most people I know have been glad to sell there Tesla's.
Ours is gone because of this. Never again!
Most consumers do not want EVs. The craze is over.
liar
@@katzgar did the facts hurt your feelings?
@@maxpayne7419 why is it so important to you to be disgusting You're obviously one of Trump's magats because disgusting is really all you got
@@katzgar Denial is one hell of a drug.
meth troll. @@onsokumaru4663
It will take a new generation of battery tech lithium as it is formulated is inherently unsafe...
Is that right? Tesla has sold over 4 million cars with only 200 or so fires. They are VERY safe.
the WORLD mostly uses very CRAPPY Cheap pouch cells .
4680/2170 have a PROVEN safety RECORD .
I encourage you to inform yourself: en.wikipedia.org/wiki/Lithium-ion_battery
@@johngoncalves - 90,000 ICE car fires EACH year.
Think we have time?
Sales is Way down for EVs including Tesla. Cars leaving the Fremont ca. Plant Have slowed . Fewer and fewer car haulers leaving and the ones leaving are only half full. My colleagues all have noticed the slow down. Hundreds of used EVs sitting on lots up and down the State, dealers can't sell new ones, let alone Used ones. Many have gone back Gas
Sounds like your on fords payroll...😅
Nothing you said is true. Does that happen much to you?
Let’s see how well this story ages in 24 months.
So what!!!!! Who cares about how much the ev has dropped in resale. That is what was supposed to happen to allow the market to widen for everyone who wants an ev!!
That's 100% correct.
thats the thing....nobody wants a ev....but, u........
Yep. The ppl that complain that EVs are too expensive are the same ppl that complain when EV prices are lowered 😑
Well, Elon did tell us that buying a Tesla would actually make us money. He told us the car would drive around the city as an autonomous taxi making us rich by using it as an investment instead of the typical depreciating asset that a car usually is.
@@davidjudkins7714 It’s all about time isn’t it? Elon is know to miss deadlines but eventually it happens. Check out fsd 12 it’s doing amazing maneuvers. It’s not a matter of if it will happen, it’s a matter of when
i dont want an EV
then YOU must be an IDIOT.
you SAVE more than 50% in just operating & Maintaining an Electric car.
Don't get one then ................you can always cycle after 2035 !
No oil change, no brake fluid change, no steering fluid change. No timing belt change, no engine problems, no oil leaks on the garage floor, no smelly fumes on the road, no smog check for California. OMG, I am ready for a Tesla. Though, I don’t care for the zero to sixty in 2.9 seconds.
Putin, the middle eastern terrorists, and big oil thank you for your support
@@heythave all those companies that supply all those parts and install them are lobbying big time against ev's... follow the money. Think of how much they have to lose.
The Guy how sells EV for 30k more than Tesla prices at a loss has nothing to say other than supply issues . Yeah right they are not ready to take on anyone. The only acceleration there is is the salaries of management
Tesla will struggle through high interest rates and sell 2M again, all other manufacturers will pick up the scraps.
Not a surprise. People just don't have the money to spend on "optimism".
Yesterday Rivian is the golden child, but today the EV market is waning and Tesla is the only one affected 😂😅🤣 CNB.S.
post is a lie
Biggest scam of our lifetime
I love everyone is an expert
meth troll
All of this is predicated on the the Federal government forcing the EV choice. This is not consumer driven or market driven. That will be a problem for politicians as choice is removed from the public. No one voted for an EV mandate anywhere. They should be allowed to for something this disruptive.
But nobody saying that buying a F or GM EV is kind of like hiring a plumber to do electrical work. They have no idea what they’re doing. Why would you buy a EV from them? It’s the same if Tess started making cars with engines, no one would want it from them.
I literally laughed out my coffee reading this analogy. Very true.
@@kangill2411 LOL yeah no one is saying this but its obvious. Once you have a TSLA you will only want TSLA. At lest it was like that for me. I have 3, Y and X and Cyber truck is next....Other OEM's cannot do it and pulling back production. No demand issues for EV....well TSLA.....
gm & Ford dont even make own Electric motors or Battery cells.
Normally, this is when prices get cut, the government can't continue to prop this up.
I think for passenger vehicles EV's are the future, a future I thought was fast approaching 9 years ago when I bought my Tesla. Today, there are still no charging stations to most places I want to drive to out of town. My battery has degraded from 253 miles to about 175. The range might read 200, but the battery depletes faster now. Charging is also slower, and in metro areas I sometimes have to wait in line for an available space. So, I will be much more careful before I buy another EV. This EV purchase was 6-figures, and that has put me into a big hole with my car buying. I actually find myself needing to replace my gasoline car that has been my backup and is much older than the Tesla.
TESLA has made VAST improvements in Superchargers, and in BATTERY Longevity.
TODAY the Tesla HEAT pump & BMS are MORE Efficient .
and the BATTERY pack is Maintenance FREE & lasts DECADES now.
TIME for a NEW Tesla , model 3 RWD is MOST Efficient CAR in the WORLD. Lowest DRAG.
@@markplott4820 Did you buy a car or did you buy the stock? All caps underlies the vanity of your statements.
@@thewriter2549 - MY holdings is nobody's concern.
I call a SPADE as a Spade. I am Streight Shooter.
EV manufacturers are targeting women, young and old, because their an easy sell. They don't realize the true dangers of Lithium batteries or the long run cost of operation
But EV aren’t all about lithium battery with technology advancement battery will eventually become better than gasoline car. Moreover some EV are already using sodium based battery or semi-solid state battery
Enlighten us with your wisdom...😅
Cylindrical battery cells are SAFER than the CRAPPY pouch cells used today.
Oooh dear , everyone throw away your phones and laptops , this guy is so wise....................😂😂
If something goes wrong with your EV, good luck getting it serviced.
Good thing they are 100x more reliable than gas cars...😅
TESLA vehicles are SUPER reliable , only needing Maintenance after 300,000 miles.
TESLA has Mobile service vans , that come to your WORK & HOME to do Maintenance , Repairs, UPGRADES.
@@erickanter4090 - no, I am KIZER SOZE.
. Wrong, tesla needs gear reduction box oil changes and final drive oil changes , some also have oil filters that need replacing in the drive units
Bro got a pinball machine and the USS Enterprise in his Loft office🔥
Unless charging infrastructure catches up with legislates vehicle production requirement, than the actual demand for EV's will fail to meet it.
The charging infrastructure must include sufficient electrical network capacity to supply the extensive charging network required. Currently, during high power demands, some charging stations (numerically insufficient in numbers as they are) have their supply throttled back as the Electrical Grid Networks are unable to meet high demand times.
LEGACY auto had DECADES to build out OWN DC fast Charging networks.
in 2012 TESLA offered access to ALL OEMs access to Superchargers , NO TAKERS.
Give some time for US carmakers to catchup? Then why are they not doing more on their EV programmes
Most everyone I know has no interest in buying an EV, and that’s the real problem. As a car guy I never plan on buying one, but the real issue is skipping the logical step of going hybrid first instead of full EV as an option to ICE, then maybe 20 years from now consider a full EV push.
I have had an EV for over 5 years as my olny car. I dont advertise that I drive an EV to everyone I know. Most coworkers have no reason to know.@@993mike
@@993mikeOk grandpa. The nurse is calling for you.
@@993mikeMost everyone I know owns an EV and never plans on going back. That would feel about the same as giving up a cell phone for a landline
@@Nick-zw7gg I'm a grandpa, bought a Tesla Model Y LR and will NEVER go back to a crappy fossil car.
Americans don’t like competition when the deck isn’t stacked in their favor 😂
Yeah right….every country around the world tries to take advantage of the US and our 24 trillion GDP. Not to mention China is famous for using slave labor 😂
China hasn't had an original thought in 1000 years. They have to steal technology and infringe on copyright all the while America has to play by rules and regulations. Americans hands are tied behind their backs!
China is infamous for their slave labor and the US stacks the deck? Ok buddy......
@@francismarion6400u must be joking😂
I live here in US. 2 things Americans are better than other countries 1. Bragging 2. Credit lines 😅😅😅😅
Fields caught massive criticism when he was at Ford because he was flying the Ford corporate jet between Dearborn MI to his mansion in Delray Beach FL weekly while the company was bleeding to death. Like a previous commenter stated, there’s a reason he’s not working for Ford anymore. The guy is full of hot air.
This is what it is. There will be turmoil within the change.
Buy a V8 and be happy.👍🏾
EV sales are exactly what I thought they would be.
Growing every year 😁
These experts act like interest rates don't have people on the sideline. All auto makers are experiencing slow sales. WTF?!
What about the sales of $10,000 BYD cars? Do they have a demand problem?
Mostly a safety problem compared to better brands. They're cheap but there's a reason.
Have you seen BYD's sales in February 2024? Down 36% YOY?
Nonsense. They are rated 5 stars by Eurocap.
@@KP-xi4bj
Chinese lunar new year holiday in Feb.
@@StormyDog
So many Chinese evs have 5 star Euro NCAP safety ratings. Easy to confirm this
Maybe the Big 3 should focus on quality a bit more. And their prices!! Highway robbery
EV cars are garbage 🗑️
If he were so great, why did Ford fire him?
Former for 7 years!! Now cnbs puppet
4:25 did he say "newcombers? lol
The American public will vote on this with their purse. The U.S isn't helping so maybe the Chinese can help the struggling American out with a nice 10k SUV from BYD
just don't park that BYD junk in your garage at night
@@KrustyKlown LOL, National security hawk
@@hydoffdhagaweyne1037 google "BYD fire" ... seems 1/2 of China is burning.
BYD , does not meet FMVSS standards.
Mary Kaliope Braun is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Most people who want an EV already have an EV. Those who can’t afford an EV due to interest rates or the cost too high, you probably won’t get an EV. There’s nothing wrong with that, I myself am looking for an EV with an attractive price. Rivian is bringing out their new product that are attractive in price, so I will be waiting on the new models coming to market.
Model 3s are in the low 30k range way cheaper then the rivian
Tesla RWD model 3 costs only $28,000 in some states.
I just want my 5th gen 4runner but electric and a solid state battery
If I want to take delivery of a Tesla in California the closest is 23 miles away in a major metropolitan area, if I want to buy a car from a legacy automaker, whether gas, EV or hybrid I can just go to my local dealership a couple miles away and they will even transport me to the dealership for free. Servicing is easy too and they always give you a loaner, not so with Tesla.
To the Chinese agents who comment here who say let is be free. Don’t you block every industry from entering free in China? Be it technology, Social media, auto, pharma. You guys have a rule to make in China. And transfer technology.
Ramesh? Why are Indians anti-China?
Wrong. BMW opened the largest plant in China. Google ads always get Chinese merchants advertising their business. What China block was the publisher abilities of these Internet companies which Congress have raised issue with Facebook and now Australia too by charging any news stolen by FB wouldn't you want a Conservative accountable Government like that and not just be a chump for Democrats
Mark Fields former ‘fired’ president and CEO of Ford. That says it all. His opinion means nothing on Tesla.
He perfectly choked when he said growth is still there
And the Chinese power those EV's with coal!!
And they are better off. I remember about 10 years ago about the smog problems in Chinese cities; these days not so much. EVs are generally so much more efficient that even if all coal fired electricity, still produces about 50% less pollution. And the Chinese are increasingly using more renewables (they make the panels I'm about to install).
Remember, China's per capita carbon emissions are half those of the United States.
K! O!
Funny, the former CEO have not find a job in car bus last 7 years, giving opinions
Guess Tesla needs to sell more carbon tax credits
EVs are great!!.. for a minority of Americans who can easily charge at home. Many American's live in apartments or have crowded driveways.. getting to a charger to plug in isn't practical at home. EVs will only be a minority niche for a long time to come in America.
in CA its ILLEGAL to block access to L2 charging at Condos/Apartments.
@@markplott4820 in the rest of America there is no L2 charging at apartments.
@@KrustyKlown - then LANDLORDS & Association WILL be facing CLASS ACTION Lawsuit very soon.
SUE them into Bankruptcy.
@@markplott4820 LOL, can't sue Michigan landlord under a California law .. what are you talking about?? I don't think you understand, there are no such laws in most of the country. Also, curious, what does your CA Landlord charge for electricity??.. 2X, 3X, 4X the going rate?? EVs only make financial sense if you can charge at the actual electricity rate .. those SuperChargers and stations operated for profit, COST as much as Gasoline for an ICE vehicle.
ALSO, around the Detroit suburbs.. there are only about 1/2 a dozen Tesla charging stations. They are ALL at least a 1/2 hour drive apart. This isn't CA.
@@KrustyKlown - SO , you file Class Action Lawsuit , Adaways.
Americans dont want to buy Chinese made spycam EVs
Put this a test. Allow them to come with the present 25% tariff and see the response.
@@kamsunleong6648 sure let’s make sure to include the carbon-accounted manufacturing tax to account for lack of China pollution controls during manufacturing
83.1 percent of new cars sold in Norway were electric in february 2023.
One year later, february 2024, it is now 90.1 percent.
In 2025, Norway will stop selling new fossil fuel cars.
A decade later, in 2035, California and EU will ban sales of new fossil fuel cars
It seems out of reality comparing prices to last year. Last year the prices where artificial over inflated and now there very slowly coming down. So no, cars don't loose value just because you were willing to pay more last year.
Something like a better charging infra or reducing the weight/size of batteries can make a lot of change. And things only get better. I am optimistic.
LEGACY auto needs to go to 4680 & Structural battery , reduced cost/weight.
OEMs capitulating - Tesla on track
EV sales will be lucky to be 3 percent of overall sales...2024 it is decelerating...
this story EXPIRED like warm milk.
In 2023 EV made up 8% of total sales and now is projected to make between 9 to 11% sales in 2024
"as everyone expected" ya. Sure.
EVs should be an option - not a mandate in order to buy a vehicle. Nothing is a bigger turnoff than the government telling you what to buy.
Sorry i don't take investment advice from cnbc...😅
Look they don’t need to create these crazy cars and spent a crap load in research. Just take an already good car and make it electric, if they did that it wouldn’t be as expensive as it is now. Also people will change their minds when solid state batteries become a thing. Most people have never even heard of a solid state battery but it literally solves all the issues of fires, range anxiety, 5 min charging and reliability. We are talking Abou batteries that can last 20 years without any degradation or power loss due to temperature. Solid state batteries are the solution and Tesla is screwed because they focused on lithium ion instead of solid state. Or in other words I give Tesla a few years before they are no longer on top unless they realize their mistake.
Get a nissian leaf my neighbor spent $14.483 on a battery 🔋
That's why I won't buy one! RIGHT THERE. I commute 100 miles per day. So I buy a 1000.00 GAS SAVER. and wear it out over a few years, then replace it.
He got off cheap. We spend $ 32,700 on our Tesla. We sold it at a huge loss!!
@@Drbettencourt116 Tesla garbage my uncle had a half dozen last year no batteries lol at his lot it's bs concept it's cool but ridiculous
SOLD my Tesla over MRSP with 10 year old Battery.
bought a NEW Tesla PLAID .
Stop calling them ‘big 3’ they’re literally just car monopolies
I LOVE how "analysts" in the market assume the EVs are given - everyone is finally waking from their daydreams
Tesla may be down a bit, but it's the leader and they will triumph.
What we have to worry about is the other EV makers, some will be shutting down.
There's Tesla, then there's "EV's"
The US government bailed out Tesla once. It is only fair it does the sameel for Rivian when the time comes.
I like Musk! But I would never buy one of his tent built cars or trucks. I test drove a model x, very disappointing it was. My 1973 gremlin drove better and very small inside as well.
Very small inside?? You need to eat less fastfood!! Lol very small!!
Newcumbers?
How can you buy a tesla when they change the price every week. A model Y is cheaper than a three.
Didn't Mark Fields make Hertz buy all those EVs...
Also it's not NAFTA, it is USMCA
50k into a vehicle that in 3 years will be worth 15k - man on the street dosent have that money. It’s crazy that manufacturers don’t see this are they blind
Let’s face it, everyone so v wanted an ev (early adopters & fan boys) already bought them and most have seen the highs and lows of living with an ev long term. 95% of those same people have a gas powered back up/alternative vehicle in their house hold. Very few only own a single or two ev’s as their daily drives without any issues. They also have the most critical thing, a house/garage and private driveway or assigned parking spot for charging those vehicles. The rest won’t buy evs for lack of the same.
Anybody can own an internal combustion engine vehicle since they don’t need to live near their source of fuel thus more flexibility as parking isn’t an issue. You have to religiously babysit an ev. Must plug it in once you get home & let it charge for a few hours so everything including going to visit family/friend outside of your home overnight or a few days requiring extra steps planning the journey. There are places you can’t take that vehicle due to range anxiety with lack of charging infrastructure. Imagine going to rural areas for a few days, normal outlet charging from the host’s home will take forever sob you won’t be able to use that vehicle,
'from optimistic to realistic', no it has not, what are we stupid or something? the free market should dictate here. I'm all for customer choice, so a combo of EV's and ICE engines is more than reasonable
We need to wait until there are enough _reliable_ public DC chargers out there for the EV revolution to become successful.
And a power grid that will be able to handle it all. Elons fantasy of solar powered level 3 quick chargers was just another one of his stock puffing falsities.
It already is successful, it just has to become more mainstream via word of mouth.
Well, you aren’t talking or watching the right people. 😢
Also create indoor EV charging stations for the winter seasons.
By then the Chinese will have flooded the market killing off GM, Ford,etc.
Listen to all of you wringing your hands about this. The market needs to set the demand. Too much government money for a market while trying to hamstring another, EVs and Fossil fuels is not working and going to increase out debt.
And that, all of you, is the beast knocking on the door. Enjoy what’s coming if you carry too much debt, have little saving and a job that will be cut in a heat beat.
former ICE CEO is surely objective about EV.
Mary_Kaliope_Braun is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
The problem is principles. What does the USA stand for? Best prices for the customer or an economy that focuses on self sufficiency. If self sufficiency, then everything consumed in the USA must be made in the USA regardless of cost or efficiency.
So called expert didn’t even touch on the big shift that Ford and others made to use the Tesla connector and charging stations.
Dino juice please!!!!
Well in America, gas is cheap why would customers buy EVs unless the Congress passes a law to ban fuel cars to "save the planet"
That is call market disruption, EVs are the future. And no need to concern about growth percentage unless its negative, compare with the ICE car market srinking. EVs price reduction is good, as it is affordable to mass population and thereby coming to mainstream.
And that is why you don't Fomo into stocks. You DCA into a broad market index fund. Tesla fanboys are jumping ship for Bitcoin
EV's are a scam
CNBS still hating on Tesla,
Let's push an agenda on impractical vehicles that nobody wants! Nobody wants them, especially for the prices. They aren't green, insurance is tripled, and the hassle of charging them to top it off. Sounds like a deal!! NOT. Also a lot of people live in apartments, they can't install a charger in a garage, did anyone think of that???
EVs are a financially poor decision, so it makes sense when smart people who want to save money they aren't buying EVs.
Who made this pie chart?!😂
Only in USA all system is hell bent on keeping ice cars no one is buying any cars
Not everyone can afford New cars I'd have any EV today if I was a driver
Tesla prices are coming down. Cell phone prices came down, and more people bought them. And, the resale value of used phones did not effect new phone sales negatively. Take Cybertruck as an example. Right now, thaty are selling at a premium, and every single one is being snatched up. Influencers are using them for content creation and celebrities are wearing them like swag. But, they are seen as super valuable. Now, when the price starts to drop, people with less means are going to scoop up this vehicle that they still see as a premium product. The ppl that bought early will have an asset that was sold in the first year and probably want to hold onto it. But, every time the truck gets cheaper and Tesla adds more features and extends the range, they'll sell more units. The bottom line is, Tesla's goal is to make their ev's cheaper to build than gas cars. Then, they can win a price war with anyone.
really, going back to gas?? all vehicle sales are down. ICE vehicle inventory is also high. companies need to wake up, urban dwellers dont need cars. demand overall is down. every company will miss their targets... way too much optimism in the WHOLE vehicle market, not only EVs
Meanwhile the current Ford CEO winds EV production down.
Lack of charging infrastructure? In my street, there is literally thousands of discrete points that I can charge my EV from
Tesla still has a way to drop . The reality is now setting in . Still 20 years out for the grid to catch up.
EV sales will slow down due to interest rates and economy!
US is a paradox. We want to beat China on EV but we don't want to buy EV...🤔
CORRECTION. "Everyone Else's" inferior junk is not growing at the rate they expected. Tesla is growing just fine. "Record" sale last quarter, "record" sales last year YoY. They will continue to sell every car they can possibly build.
Early adoption of anything must go through evolution. The excited and dismissive new buyers see past the deficiencies because it's new and shiny. The regular crowd is waiting for value. EV has the potential for value, but it must pay its dues before jumping to the head of the line?
There's more non tesla supply. Let's be specific. Bye ICE.
Yeah, Ford, the impartial EV expert. 😂
Superd00sh Mark fields has a carbon footprint the size of Texas 😊