Layoffs 2024-2025 ?? 3

[ilikecoffee]

Hi All, I am approaching my 6 th year in engineering in the automotive industry. I see a layoffs in the news and in the office. I am interested in hearing from members who have been around for a few business cycles. What can we expect ? What is typical ? Is there a way to keep my head down and avoid the slip?

 

[SwinnyGG]

My error... this is the update... not 28%. . Diesel and Petrol are 5.6%... do the math.

That's new vehicles sold in the month of May, 2024. That's not total vehicles on the road. Do the math, dik.

Or just go straight to the actual source. The actual number, according to the government of Norway, as of the end of September, is 26.5%.

Diesel = diesel
Bensen = Gasoline
Elektrisk = electric
Ladbar Hybrid = plug-in hybrid
Hybrid = hybrid

Are auto registrations annual in Norway?

No. Vehicles are 'registered' in Norway when they are bought new. They don't use the term 'registration' the way we use it in the US.

 

[dik]

New vehicle sales as a whole have been abysmal for several years now bc the US economy has been lousy with high inflation and continuous mass-layoffs. Many folks have nothing extra to spend and most of those that do are being extremely cautious, not buying new vehicles nvm higher-priced models like EVs. MY25 production is mid-launch atm and dealers are still overflowing with MY23s. Auto industry layoffs are primarily due to crap sales.

Can the US automobile companies survive just selling ICEs in the US only? It may come down to that. China is flooding the rest of the world (except Canada and a few others) with BEVs.

 

[dik]

That's new vehicles sold in the month of May, 2024. That's not total vehicles on the road. Do the math, dik.

Norway has been doing that for a long time...

"Norway’s auto market saw 86.4% plugin electric vehicle share in October, down year on year, from 89.3%. Full electrics grew share by 7.5% YoY, but were outweighed by a drop in plugin hybrids. Overall auto volumes were 12,558 units, up 8.5% YoY, and above the pre-2020 seasonal norm of 11,635 units. October’s bestseller was the Volkswagen ID.4"

"OSLO, Norway – Norway is on the verge of becoming the first country to end the sale of passenger vehicles with internal-combustion engines even as it scales back the tax incentives used to promote the sale of electric vehicles across the Nordic country of 5.5 million.

Sales of new vehicles with gasoline engines will end next year, though owners of used vehicles with gasoline or diesel engines can still sell or trade them. But any new vehicles sold in Norway in 2025 will be battery-powered as even the popularity of plug-in hybrid vehicles has steadily declined, according to the Norwegian Road Federation (OFV).

In September, EVs accounted for 96% of new-car sales, edging the country closer to a target of selling 100% battery-powered models as of next year. Of the 12,966 new passenger cars sold in September, 12,495 were electric, according to the OFV."

 

[SwinnyGG]

Norway has been doing that for a long time...

And yet, the percentage of on-road EVs in Norway is 26.5%.

Just stop dude.

 

[GregLocock]

Well dik seems determined to push counterfactuals. Here's another one "China is flooding the rest of the world (except Canada and a few others) with BEVs." I have reported one post and will report all of his other fantasies if he persists.

Here's facts as opposed to demented fantasies

Electric cars accounted for around 18% of all cars sold in 2023. This includes hybrids et al, which were about 30% of that total. Not exactly flooding. Significant yes, but not dominant.

95% of these sales were in China, Europe and the United States, which is a strange definition of the rest of the world.

Trends in electric cars – Global EV Outlook 2024 – Analysis - IEA

Global EV Outlook 2024 - Analysis and key findings. A report by the International Energy Agency.

www.iea.org

Here's a list of top car brands by country. You'll notice the the market isn't flooded by EV brands, having precisely 1 entry in the top 3 of each of the top 25 countries by car sales

Car Sales by Country | Global Car Sales Data | 1. China 2. US

Top 25 countries for car sales per year. This list of car sales by country includes global rank, number of units sold, and top car brands within each country listed.

www.factorywarrantylist.com

 

[Brian Malone]

This thread has gone way off the OP's original question. The BEV discussion tangent has been interesting but deserves its own thread.

 

[SWComposites]

"allowing EVs to use the bus lanes has created a significant traffic problem." well, yeah, who could have seen that coming ...........