Collapse Of Used EV Market Spells Doom
For Biden’s Electric Car Dreams
Posted By: RockyTCB, 1/4/2024 6:40:36 AM
Just as President Joe Biden starts showering hundreds of billions more of taxpayers’ money to “electrify” the nation’s fleet of automobiles, the bottom is falling out of the EV market. The latest indication is the sharp drop in prices for used EVs. A report from iSeeCars.com, a search engine for auto buyers, found that the average price for all cars declined 5% in 2023 compared with 2022. But the resale price EVs plunged 33%. While a used EV sold for an average of $52,821 in 2022, it went for less than $35,000 in 2023,
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Just as President Joe Biden starts showering hundreds of billions more of taxpayers’ money to “electrify” the nation’s fleet of automobiles, the bottom is falling out of the EV market.
The latest indication is the sharp drop in prices for used EVs.
A report from iSeeCars.com, a search engine for auto buyers, found that the average price for all cars declined 5% in 2023 compared with 2022.
But the resale price EVs plunged 33%. While a used EV sold for an average of $52,821 in 2022, it went for less than $35,000 in 2023,
After spending three years largely ignoring the border, the mainstream press is suddenly all over it, with headlines blaring about a “surge,” “crisis” and “call for action.” Why now?
Last week CNN reported that a “December migrant surge” at the southern border was the “largest in more than two decades.” Several other news outlets used similar language. The New York Times warned that “surging” Mexico border crossings “push U.S. resources to the brink.” In another story, CNN even described the situation as a “crisis.”
Weirdly, the press is even exaggerating the current “surge.” Consider that CNN story, which says:
As nearly all parts of the political spectrum agree, average Americans are extremely unhappy these days. The latest I&I/TIPP Poll shows that a hefty majority sees the federal government’s recent performance as the cause of their disgruntlement.
With news stories regularly highlighting widespread anger among voters, we asked the following question for our December national online poll, taken from Nov. 29-Dec. 1 by 1,464 adult registered voters: “Which of the following best describes how you feel about the federal government?”
Respondents were then given four possible responses: “satisfied,” “frustrated,” “angry,” and “not sure.”
For decades, Americans have been told that the only humane, decent health care system is one run by the government. The oft-uttered complaint is that it’s a shame that the richest country in the world doesn’t have universal medical care. The reality is that the universal systems in other wealthy nations are cruel, cold bureaucracies.
If there are any doubts that this is true, look northward, to Canada, where waiting lists for treatment are leaving “patients frozen in line,” Pacific Research Institute President and Chief Executive Officer Sally Pipes recently wrote in Forbes.
“When everyone within a country is trapped in a public health insurance system,”
The Golden State’s leftist Democrat-dominated legislature loves to grandstand as a champion of the downtrodden and the working poor, even if the policies they enact end up hurting those people the most. That’s certainly the case with the state’s minimum wage hike, which is set to hit in 2024.
The state will raise its overall mandated minimum-wage rate from $16 an hour to $16.50 an hour overall, starting in 2024. But some industries will get an even bigger wage shock: fast-food minimum wages go up to $20 an hour starting in April. Meanwhile, workers in the health care industry will
The only thing more uplifting than watching several prominent liberals drift rightward is the cluelessness of those on the left as to why it’s happening.
This drift is obvious enough, since it includes journalists once heralded by the left such as Matt Taibbi (who won a Young America’s Foundation award) and Glenn Greenwald, and Democratic politicians, including Tulsi Gabbard, Robert F. Kennedy Jr. (whose speech at a Daily Caller award ceremony drew many loud cheers from the conservative audience), and Sen. John Fetterman (who recently declared that “I am not a progressive”).
Celebrities such as
Despite a multi-year campaign by the White House and its allies to convince the public that the economy is booming, the vast majority of Americans say they’re worse off today than they were four years ago. And despite claims that partisanship is driving the public’s sour mood, negative views about the economy and President Joe Biden’s performance are almost universal.
That’s according to the latest I&I/TIPP poll of likely voters, which finds that 58% say they aren’t better off than they were four years ago – before the COVID-19 pandemic – while only 34% say they are.
Meanwhile, a mere 23% of
Jill Biden’s creepy video, featuring a troupe of tap dancers showing off the garish Christmas decorations in the White House, prompted one journalist to comment that they are “really going for the Hunger Games as this year’s Christmas theme.”
While they’re prancing around in the capital, out in the districts everyone else is struggling to pay the sky-high cost of this festive season.
Are you traveling to be with friends and family? Airfares are 18% higher than they were Christmas 2020. And if you try to cut costs by driving, gasoline prices are 45% higher.
Buying food for your guests will cost 20% more
A Letter To My Harvard Classmates
6 replies
The following is a letter, edited for relevance to a broader audience, sent to Section D, Harvard Business School (HBS), Class of 1972. The first year at HBS is spent entirely with one’s section. Its purpose was to explain my resignation as section secretary after the Harvard Board affirmed support of Claudine Gay as its president, and antisemitic intimidation remains unpunished.
To my section mates:
On the Dec.4 congressional hearing the university president, its meaning, and its fallout: There is no question it was political theater. But that does not invalidate its usefulness. The state of higher education is now front-and-center and that is very much needed. Too many colleges
Jill Biden’s creepy video, featuring a troupe of tap dancers showing off the garish Christmas decorations in the White House, prompted one journalist to comment that they are “really going for the Hunger Games as this year’s Christmas theme.”
While they’re prancing around in the capital, out in the districts everyone else is struggling to pay the sky-high cost of this festive season.
Haven’t bought a Christmas tree yet? It will cost you about 10% more than last year, which is on top of the 10% increase the year before, and 10% the year before that.
The American Christmas Tree Association found that 78% of consumers are concerned about inflation this year.
In a rare show of bipartisanship, 84 Democrats joined 219 Republicans on a resolution condemning antisemitism on college campuses and calling for the presidents of Harvard and MIT to resign after they refused to condemn student calls for genocide of Jews at a House hearing. The University of Pennsylvania’s president, who was also at that hearing, has already stepped down.
But even if all three of them were gone, so what?
The problem is far wider and much deeper than antisemitism at three elite schools. And if you want to stamp out intellectual and moral rot driving it, start by
While the big media might not be worried about the wave of antisemitism that emerged after Israel was attacked by Hamas on Oct. 7, average Americans are. A hefty majority now call antisemitism in the U.S. a “serious” problem, the latest I&I/TIPP Poll shows.
Following the recent disturbing outbreak of antisemitism across the country, ranging from an upsurge of antisemitic demonstrations on college campuses to a spate of ugly harassment incidents against individual Jewish Americans, a majority of Americans agree there’s a big problem.
In our latest national online poll,
Most Active Articles (last 48 hours)
Let me make it clear from the beginning that I think Nikki Haley (R-Boeing) is a vapid establishment automaton who is basically the Kamala Harris of the Republican Party, a Bushesque mediocrity who represents a dying ideology that peaked in 2005, and good riddance to it. She’s the worst – self-righteous, annoying, always spewing grrrl-power nonsense and hack clichés salvaged from the back catalog of the Weekly Standard. She’s a disaster on every level, one of those people who is both very aggressive and always wrong, the worst possible combination. That being said, should he win the nomination, Nikki! should absolutely be Donald Trump’s vice presidential pick
Nikki Haley in 2015: Americans Should
Not Call Illegal Aliens ‘Criminals’
Because ‘They’re Not’ 37 replies
Not Call Illegal Aliens ‘Criminals’
Because ‘They’re Not’ 37 replies
Former South Carolina Gov. Nikki Haley (R), now running in the Republican presidential primary, previously said Americans should not describe illegal aliens “as criminals,” suggesting that doing so is “disrespectful.”
In July 2015, a month after then-GOP presidential candidate Donald Trump announced his candidacy with a speech centered on stemming illegal immigration, Haley joined a panel with the Aspen Institute moderated by then-CEO Walter Isaacson.
Donald Trump received millions of dollars
from foreign governments, House Oversight
Democrats allege 33 replies
from foreign governments, House Oversight
Democrats allege 33 replies
WASHINGTON – Former President Donald Trump unconstitutionally profited from the presidency during his tenure in the White House, reaping millions of dollars for his business empire from foreign governments, House Democrats allege in an extensive report.
Democrats on the House Oversight Committee released a 156-page report Thursday morning accusing Trump of exploiting the presidency to financially benefit himself and members of his family. Trump’s businesses, according to the report, received at least $7.8 million from corrupt and authoritarian governments including China, Saudi Arabia and Qatar. The report is the culmination of a nearly seven-year investigation. It says records and documents obtained by House Oversight Democrats reveal "a stunning web
We are about to embark on what might be one of the wildest years in the history of American politics, and it may end up merely a prelude.
If 2024 is set to be tumultuous and unpredictable, just wait until 2025 if Donald Trump wins the presidency again this year.
His adversaries don’t have a history of accepting his victories with equanimity.
Trump’s unexpected victory in 2016 launched conspiracy theories about how Russia had helped him win; catalyzed a years-long law enforcement investigation into him and his campaign based on those theories; and set off protests in the streets.
All that was mild, given what may yet be in the offing.
This Video About McDonald's Might Just
Be the Funniest Anti-Israel Freakout You'll
See Today 28 replies
Be the Funniest Anti-Israel Freakout You'll
See Today 28 replies
We've seen a lot of anti-Israel freakouts at this point. I think it's safe to say these activists live in their own world, one that doesn't have a lot to do with reality. They think that everyone should bend the knee to them and accede to all their demands however unworkable or bad those demands might be. If they scream loud enough, they think they can succeed by bullying people.
We've seen things from the crazy or concerning to the dangerous.
But I have to say, this new video I just saw is pretty funny. Think anti-Israel Karen, and then you get where this video is going.
LAS VEGAS — Channel 13 has obtained video of a Clark County District Court judge being violently attacked by a man during a hearing on Wednesday morning. The man involved in the attack is Delone Redden, who was being sentenced for aggravated battery with substantial bodily harm prior to the attack on Judge Mary Kay Holthus. He entered a guilty plea in a previous hearing. The video shows Judge Holthus denying Redden's request for probation due to his criminal history and preparing to sentence him to jail time. Redden can be seen then leaping over the judge's bench to tackle her.
On Wednesday, Judge Loretta Preska confirmed the release of the initial names from Jeffrey Epstein’s extensive client list, comprising over 150 individuals. Concurrently, a collection of previously sealed documents was made public.
Following the release, the Court Listener website experienced a crash due to the overwhelming public interest. However, The Gateway Pundit managed to secure a backup of this crucial information.
Three individuals, known in the court documents as Doe 105, Doe 107, and Doe 110, have made appeals. Documents related to Does 105, 107, and 110-110 are being withheld.
New York City Mayor Eric Adams on Thursday announced a lawsuit against more than a dozen charter bus and transportation companies involved in busing migrants to New York City, seeking hundreds of millions of dollars for the care of migrants in the self-described "sanctuary" city.
"New York City has and will always do our part to manage this humanitarian crisis, but we cannot bear the costs of reckless political ploys from the state of Texas alone," Adams said in a statement . "Today, we are taking legal action against 17 companies that have taken part in Texas Governor Abbott’s scheme to transport tens of thousands of migrants
As the decisions disqualifying former President Donald Trump from the 2024 election work their way through the courts, a new filing in Pennsylvania seeks the same “ballot cleansing” by barring Rep. Scott Perry.
It’s only the latest effort targeting congressional candidates as Democrats seek to bar opponents as “insurrectionists” for questioning the election of President Biden.
We have become a nation of Madame Defarges — eagerly knitting names of those to be subject to arbitrary justice.
Former congressional candidate Gene Stilp, who’s made headlines by burning MAGA flags with swastikas outside courthouses, filed the challenge.
Using the 14th Amendment to disqualify candidates like Perry is consistent with Stilp’s signature flag-burning stunts.
Texas Governor Greg Abbott appears set for a huge victory on the border crisis, as President Joe Biden and Washington Democrats look likely to cave on Republican demands for a crackdown on migrants.
The Republican posted to X on Tuesday, announcing the success of his program to bus illegal migrants to Democrat-led cities.
He said his initiative has amounted to the transfer of nearly 100,000 migrants to cities such as New York, Boston, Denver, and Chicago - where leaders are being forced to find accommodation for them.Those Democrat-led areas bill themselves as 'sanctuary cities' that welcome migrants.
But the New York Times reported that their mayors are so perturbed
Just as President Joe Biden starts showering hundreds of billions more of taxpayers’ money to “electrify” the nation’s fleet of automobiles, the bottom is falling out of the EV market.
The latest indication is the sharp drop in prices for used EVs.
A report from iSeeCars.com, a search engine for auto buyers, found that the average price for all cars declined 5% in 2023 compared with 2022.
But the resale price EVs plunged 33%. While a used EV sold for an average of $52,821 in 2022, it went for less than $35,000 in 2023,
Palm Beach, Florida — Former President Donald Trump, the Republican frontrunner for president in 2024, told Breitbart News exclusively during a two-hour-plus interview at Mar-a-Lago last week that the person who gets the nod for vice president will not make much difference in the grand scheme of things regarding winning the election.
“If you study the history of presidential runs, a vice president has never made a difference—which is surprising,” Trump said. “It’s a one-night story, and then they’re back to a regular evening. They’re voting for the president. They’re not voting for the vice president.