The electric car bubble has burst. 2023 is the first year of the electric car bubble bursting.

Lovely_Moo : If anything, 2022 should be the first year of EV burst, not 2023. Those that survive 2022 will likely thrive in 2023.

gentle Leopard_5298 OP Lovely_Moo : Electric cars have only erased half of their gains in 2022. They will continue to decline in 2023 until the valuations are the same as those of Ford, GM, Toyota, etc. A price-earnings ratio of 7 or 8 is more reasonable.

Silverbat : There are many problems with electric cars in the middle of winter, and there are problems with many supercharging stations.

Lovely_Moo : Yes, going by the trend, early 2023 will likely still be challenging for EVs. However, it is a continuation from 2022. Hence, 2022, not 2023, is the first year of burst, which most of EVs already lost 60-80% of market cap. Those that survive have faced the storm. If anything, they will likely get better in the years to come.

gentle Leopard_5298 OP Lovely_Moo : In the next few years, traditional automobile manufacturing giants, BMW, Honda, and Ford, will launch electric vehicles one after another. This will encroach on the market share of new car builders such as Tesla, BYD, and NIO. Moreover, Tesla has not applied for patents in the electric vehicle manufacturing industry, which means there will be no moat in the electric vehicle industry. Competition for electric vehicles will be fierce in the next few years, and many new electric vehicle companies will disappear, just as fiercely as the technology stock bubble burst twenty years ago.

Lovely_Moo gentle Leopard_5298 OP : True, and those giants will have to tackle the same problems as the EVs today and will have the same fierce competition too. Still, there is no reason why those giants will survive while today's EVs will not.

gentle Leopard_5298 OP Lovely_Moo : Happy new year.

Lovely_Moo gentle Leopard_5298 OP : Happy new year