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Comment by umeshunni | Hacker News Reader

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umeshunni

It's not bad news for the consumer or for climate change. It's only bad news for legacy automakers.

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Toyota is sinking a lot of money and effort into anti-EV lobbying because they somehow missed the EV bus.

https://arstechnica.com/cars/2021/07/toyota-bet-wrong-on-evs...

That somehow was by being busy smoking their hydrogen pipe.

And yet are looking like the winners at the moment with the EV market slowing down due to demand and offering hybrids which the market can’t get enough

The EV market is slowing down in the US only because manufacturers refuse to make affordable EVs. Ie, the point of the article.

Toyota is going to get obliterated globally by Chinese EVs unless they change course very soon. Maybe they’ll hang on in the US for longer due to protectionism

The US protects Japanese car manufacturers?

The USA has tariffs on Chinese cars, and vice versa. Actually, China does the same thing with Japan, so I expect protectionism to make Chinese cars more expensive there also. But it’s primarily rules china put in place to protect their car market and encourage domestic production, and the rules in Japan and the USA are in retaliation to Chinese tariffs (which ironically are protecting them now instead).

"At the moment" is the key phrase. It remains to be seen if they will turn out to be the Nokia of the car world or Samsung.

The market didn't slow down. The rate of growth showed down very slightly. The EV market is still growing quite quickly.

There were more EV's sold in the first 9 months of 2023 than were sold in all of 2022.

2021->2022 came close to doubling. We won't and can't do that every year. But the market is still growing very quickly.

https://www.canarymedia.com/articles/electric-vehicles/chart...

I think the actual story is car makers who suddenly slapped together an EV hoping to make a Tesla are realizing Tesla makes teslas and they’ll have to find their own niche. Meanwhile model Y is the second most registered car make in the US behind F-150.

https://www.kbb.com/car-news/tesla-model-y-jumps-to-2nd-in-n...

And the oil companies

I guess they'll be ok

Following further discoveries of oil and gas fields,[34] on 19 September 2023, Guyana authorized six foreign oil companies including ExxonMobil to drill in the waters claimed by Venezuela.[35][36] In October, ExxonMobil Guyana Limited (EMGL) President, Alistair Routledge, told reporters that "we have not been scared away by Venezuela…that’s why we’re still working in Guyana. That’s why we anticipate continuing to do so for decades to come".[37]

...

The United States Southern Command said on 7 December that its forces would participate in joint operations beside the Guyana Defense Force (GDF) in an effort to improve collaboration with security measures. US statements also said that the United States "will continue its collaboration with the GDF in the areas of disaster preparedness, aerial and maritime security, and countering transnational criminal organizations" and that the North American nation "will continue its commitment as Guyana’s trusted security partner and promoting regional cooperation and interoperability."[96]

Plastic

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