Global coal electric capacity hit 2,175 gigawatts in 2024

China added nearly 31gw of new coal electric capacity in 2024 and India nearly 6gw while the US retired almost 5gw, according to the story:

. . . U.S. exports of coal have been rising steadily to satisfy growing global demand for the world’s dirtiest fossil fuel, even though its domestic consumption has decreased.

On top of that, the world’s coal capacity reached a new record high of nearly 2,175 gigawatts in 2024, data from Global Energy Monitor showed on Feb. 6. Coal capacity is the overall power output that can be generated from coal-fired power plants. ...

More. 

According to Electric Power Annual for 2023 at the US Energy Information Administration, existing US coal electric capacity is down to 193gw, behind natural gas at 572gw and ahead of wind at 148gw. Nuclear is still a distant fourth at 100gw from 93 existing utility-scale generators.

Kevin Dowd: close the border, eliminate regulations, end the war on fossil fuels, cancel electric vehicle mandates, do a little dance

 

 

 Kevin Dowd takes over for Maureen Dowd on Thanksgiving, here:

 

Trump promises a return to common sense and has been given the tools to accomplish it with an electoral mandate and all three branches of government on his side. He cannot squander it. He must not get bogged down in petty disputes and perceived slights. ...

There are things he can do right away to make a difference: close the border, eliminate regulations, end the war on fossil fuels and cancel EV mandates. ...

He should move forward without rancour or grievance, fuelled by the joy of the Trump Shuffle, his robot-like dance that has broken out at UFC fights and across the NFL. I’m going to have the younger members of the family teach it to Maureen on Thanksgiving.

Kamala Harris would have beaten Donald Trump but she had to stop on the way to victory and recharge her car

 

Electric carmaker Lucid books nearly $1 billion net loss in 3Q, hopes to produce 9,000 vehicles by the end of 2024 vs. 8,428 in 2023

Well whoop-de-do!

They're flying off the shelf lol.

Lucid Group stock ended 2020 at about ten bucks a share, popped above $50 a couple of times in 2021, and is now worth $2.30 lol.

 

The company’s net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier.

Lucid CEO Peter Rawlinson described the quarter as a “landmark” for the company, citing record deliveries of 2,781 units as well as cost-cutting measures. He also noted that the company hit financial and production targets. ...

The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. ...

Lucid’s stock has been under pressure this year amid widening losses, slower-than-expected sales and significant cash burn.

More.

Stellantis-owned Jeep's US sales are down 34% since 2018, now cuts Jeep Gladiator production after ending internal combustion Renegade and iconic Cherokee

 

The electric vehicle idiots running this company into the ground should all be fired. Just build reliable combustion engine SUVs people can afford and don't start on fire while parked in the garage.

How hard can it be?

 

 Reported here in September:

Jeep’s U.S. sales have plummeted 34% from an all-time high of more than 973,000 SUVs sold in 2018 to less than 643,000 units last year. While most auto brands increased sales last year, Jeep was off by about 6%.

The most recent declines follow the company ending production last year of the entry-level Renegade and the Cherokee compact SUV — two mainstream models with peak U.S. sales of around 300,000 units annually from 2016 to 2019. ...

Jeep also is attempting to increase the quality and reliability of its vehicles, which have historically ranked below average in third-party rankings. ... Jeep on Monday confirmed it is cooperating with U.S. auto safety regulators on an investigation into more than 781,000 newer Jeep Wrangler and Gladiator SUVs after reports of underhood fires.

 

Reported here yesterday:

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo South Assembly Plant to cut production to one shift will better align output with demand of the Jeep Gladiator pickup — the factory’s sole product.

 

Ford Motor F-150 Lightning EV pick-em-up-truck sales are a JOKE, and the mainstream media propaganda stories don't tell you that, if they cover the story at all

  Ford sold 7,162 units of the Lightning in Q3 2024, up from the 3,503 units in Q3 of last year. ... Year-to-date, Ford sold 22,807 F-150 Lightning EVs. ... 

[22,807 units lol. Ford sold nearly 751,000 F-series pick up trucks in 2023, so that's like 3% of the 2023 total]

Overall, Ford’s all-electric vehicle sales in the third quarter of this year amounted to 23,509 units, up 12.2% from last year’s 20,962 vehicles. Year-to-date, Ford sold 67,689 EVs, up 45% compared to last year’s 46,671 units. ...

Ford sold 432,429 combustion-powered vehicles in the third quarter, down 2.8% year-over-year, and 1,340,139 units year-to-date, down 1.8% year-over-year.

Reported here. 

That means year-to-date total EV sales are just 5.05% of total combustion-powered vehicle sales year to date.

People aren't buying these dogs.

None of these stories mention these facts.

CBS: Ford to pause production of F-150 Lightning electric pickup trucks

CNBC: Ford to halt production of electric F-150 Lightning next month until January

MarketWatch: Ford to Pause Production of F-150 Lightning EV Pickup Trucks

Reuters, to it's credit actually reported some actual numbers: Ford to halt production of F-150 Lightning EV pickup trucks for six weeks :

Ford said this month its Ford-brand U.S. EV sales are up 45% this year and sales of F-150 Lightning more than doubled to 7,100 in the three months ending Sept. 30 - thought [sic] they still represent just 3.6% of all F-Series pickup sales.     

If Ford is smart it will abandon this boondoggle which is going to cost it $5 billion plus in 2024 and even more going forward and just stick with hybrids and hope Donald Trump fixes this mess.

Ford Motor loses $1.22 billion on electric vehicles in 3Q

 Ford’s “Model e” electric vehicle unit recorded losses of $1.22 billion during the third quarter — less than it lost a year earlier, largely due to lower volumes and cost cuts.

Ford CEO Jim Farley told investors Monday that the company continues to believe in its EV strategy; however, the automaker has pulled back on many investments in the vehicles to focus on hybrid models.

More.

Cheap gasoline prices were key to the Trump-era "boom" for the bottom half of income earners destroyed by the Great Recession

Reported here in "Inflation-shocked low- and middle-income Americans may not spend normally for years":

“For a very large share of Americans, the bottom 60% are spending more on essentials than before the pandemic,” said Michael Pearce, Oxford Economics deputy chief U.S. economist. “The burden is hardest among the lowest income but also touches middle income. Spending patterns of low-income Americans will take years to recover.” ...

The last time low-income Americans’ discretionary spending fell this much, which was during the Global Financial Crisis of 2007-2008, it took five to 10 years for spending patterns to return to previous levels, he said.

“And the reason was gas prices fell,” Pearce said. Global oil prices fell by about 70% between 2014-16, which pushed pump prices sharply lower and helped low-income Americans catch up.

“It’s harder to see some revolutionary cost saving (like that) on the horizon,” he said. 

          

Harder to see only if we continue with the green energy nonsense.

The opportunities are YUGE for Trump/Vance because ALL energy costs much more now.

It's not just gasoline. Get the government boot off the neck of fossil fuel producers and gasoline will come down, natural gas will come down, and electricity will come down. 

Base energy from coal should be transitioned to nuclear, which works in cold weather and hot weather without fail just like coal, unlike natural gas, wind, and solar, which are fine where appropriate but not as base energy, the energy you must have when you need it when the sun doesn't shine, the wind doesn't blow, and the gas won't flow.

J. D. Vance knows:

 

 

GM outperforms in 3Q assisted by pulling ahead truck production from 4Q lol, warns that and electric vehicles will be a drag man

 GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations

GM CFO Paul Jacobson warned earnings will be lower during the fourth quarter, citing timing of truck production, seasonality, lower wholesale volumes and vehicle mix, including selling more electric vehicles. ... some of the company’s third-quarter outperformance was assisted by the automaker pulling ahead some truck production from the fourth quarter ...

It's not just the government which borrows from the future.

Hurricane flooded electric cars going up in flames

17 in the wake of Hurricane Helene.

 

The average price of electricity in the United States remains at the all time high in September 2024, 31% higher than under Trump on average

 

By 2032 no more than 29% of new cars can be gas-powered, and Kamala Harris doesn't have to do anything to make it happen except get elected to protect the Biden EPA rule

 

That's one big reason why Kamala says she can't think of one thing she'd do differently than Joe Biden.

 The Environmental Protection Agency’s new greenhouse gas emissions rules require that battery-powered and plug-in hybrid vehicles make up 32% of auto maker sales in 2027. By 2032 no more than 29% of new cars can be gas-powered. Ergo, there will be only one gas-powered model for every two electric cars on dealer lots. ...

Auto makers must spend tens of billions of dollars to ramp up EV production to meet government mandates. The financial pain is growing for companies as sales of gas-powered cars decline, reducing profits available to invest in the EV “transition.” ...

A UAW study in 2019 projected that EVs would kill 35,000 jobs at its plants. “The workers who are making engines and transmissions today, their jobs will be eliminated when we make a transition to electric vehicles,” said UAW research director Jennifer Kelly.

More.

 

The New Way Forward is just another lie.

 

 

 

Are you ready for 67% all-electric vehicles by 2032, or 56% all-electrics and 13% plug-in hybrids, because that is what you will get if Kamala Harris wins and simply lets the EPA final rule from March play out

 Automakers could still comply with the final rule by making EVs account for 67 percent of new car sales in 2032, according to the EPA. But they could also meet the requirements by making all-electric vehicles account for 56 percent and making plug-in hybrids represent 13 percent, the agency said.

Story.

And we're not talking about hybrids which you don't have to plug in.

Kamala Harris is bent on abolishing combustion engine vehicles entirely, as she was in 2019.

 

 

Ford Motor sells 1.5+ million vehicles year to date, 67,689 of them EVs . . . 4.5% of the total 😂

 

The third-quarter results for Ford contributed to a 45% increase in EV sales this year through September to 67,689 units. That compares with GM on Tuesday reporting EV sales of 70,450 units through September, including a roughly 60% year-over-year rise during the third quarter. ...

Ford’s U.S. sales this year through the third quarter were up 2.7% compared with a year earlier to more than 1.5 million vehicles sold. 

More.

EVs represent just 4.9% of GM's 1.95 million vehicles sold year to date.

Meanwhile the top selling vehicles of 2023 were pick'em up trucks. The Ford F-series was numero uno at 750,789 units, followed by the Chevy Silverado at 543,780 units.

CNBC's enthusiasm for the tiny EV component competition between the big two, separated by 2,761 EV units, is . . . comical.

GM reported a 2.2% drop in third-quarter sales compared with a year earlier, slipping to 659,601 vehicles sold, 32,100 of which were EVs 🤣

. . . the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles — spanning a price range of roughly $35,000 to more than $300,000 . . . 😂😂😂

 

 

 

 

 

 

 

 

 

https://www.cnbc.com/2024/10/01/gm-third-quarter-sales-2024.html

Just look at these puny numbers!

 

All electric Tesla semi-trailer truck fire in California in August shut down I-80 for 15 hours, required 50,000 gallons of water and fire retardant from aircraft to extinguish

 A single vehicle collision . . ..

More.

The artificially high cost of energy inputs because of the Biden-Harris green energy ideology continues to make everything more expensive in August 2024

Gasoline was 29% cheaper under Trump on average than it is today: $2.49/gallon vs. $3.52 now.

Using electricity for anything was 23% cheaper under Trump on average than it is today: $0.136/kilowatt-hour vs. $0.177 now.

Heating your home with natural gas was 26% cheaper under Trump on average than it is today: $1.04/therm vs. $1.40 now.

Everyone is needlessly poorer after 3.5 years of this huge, Democrat-imposed impediment to the economy's potential, a gigantic tax hidden in plain sight.

 

Biden-Harris administration forges ahead with electric vehicle mandate through EPA final rule, Harris-Walz campaign disavows it to get elected

 

Vote for Trump

 

Why Is Your Power Bill So High? And What You Can Do About It

Adam Estes, Vox

Electric vehicle in South Korean underground parking spontaneously combusts, eight hour fire destroys vehicles, causes building evacuations for hundreds

 It took just seconds for an underground South Korean residential parking lot to be engulfed in flames. The culprit: a Mercedes-Benz EQE electric vehicle that hadn’t been charging. 

The blaze incinerated dozens of cars nearby, scorched a further 100 vehicles and forced hundreds of residents to emergency shelters as the buildings above the parking lot lost power and electricity. Nobody died, but the fire took eight hours to extinguish. ...

The country had already been on edge about battery-related fires, after a blaze at a lithium-battery factory in late June that killed nearly two dozen people. The Mercedes EV blaze, in the port city of Incheon, occurred last week. Then, on Tuesday, a Kia EV6 caught fire in a parking lot in a central South Korean town.

More.