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Should Americans Be Excited for Sono Motors and the EV Revolution?

Before we get into this article it is important to know the history of Sono Motors. Sono Motors have been declared insolvent.

Meaning it is not a business that makes money and in fact it destroys profit. This is a little unsettling since the economy is trying to shift towards EV cars.

Sono is targeting second-half of 2023 deliveries of the Sion to customers in Germany, Austria, and Switzerland.

Considering what is happening with Germany and Europe not having enough electricity and gas – it seems that going EV would be detrimental?

Nobody knows what to do with EV batteries that leak hazardous waste into water and landfills. So what is with all the hype?

The EV revolution seems to be a nothing burger. Trying to force people to accept something they don’t want.

The company did not give any indication as to how many Sions will be delivered in the coming year. The only measure it shared was that it expected to produce 43,000 Sions a year, out of production capacities of 257,000 for a period of seven years, according to a company spokeswoman. Even the best-funded electric vehicle startups, though, have had difficulty getting into production lately

The Sion is a compact, five-door, family-friendly hatchback, which will retail at 25,126 euros (about $25,628 in today’s cash). Its exterior will be made up of 456 integrated solar-half-cells, which will harvest energy from the sun and allow it to self-sustain during short trips. Of course, the car will still use traditional charging for fuel, but a steady trickle of solar should suffice for most city commuting, according to the company. The cars 54-kWh Lithium Iron Phosphate battery has a range of around 190 miles. Sono expects that power generated from its solar cells will increase it by an average of 70 miles per week, to as much as 152 miles.

Americans Are Not Buying the Hype

Motor Trend isn’t buying it. Learn why American’s do not want EV vehicles.

Electric cars are taking the scene, faster than people think. Sometimes American investors, as well as car buyers, are skeptical about the notion that the automobile industry is in an epochal shift away from gas-powered personal transport and toward battery-powered vehicles. They simply do not see enough electric cars on the roads to be convinced.

Demand Destruction in the Auto Industry

The UKs Society of Motor Manufacturers and Traders released its figures for the month of June.

Battery-electric vehicles made up 16% of new vehicle sales in June, compared with around 11% the previous year.

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With the COVID pandemic and now the Great Reset of the WEF – supply chains are teetering on the edge. This is called “demand destruction economics” and Sono Motors is at the forefront of the EV Revolution (EV stands for Electronic Vehicle).

SMMT chief executive Mike Hawes said in a press release: “Electric car demand continues to be a bright spot, with more EVs on the roads than ever before.

“With motorists facing rising fuel costs…the move to an electric vehicle makes ever-more sense, and the sector is working to increase supply and prioritize delivery of these new technologies, given the savings that can afford drivers.”

Back when Model Ts were a hot new technology, according to the Departments of Energy and the Transportation Department, car adoption took a looooong time — eerily a long time — 50 years, until it reached around 85% of American households.

Battery-electric penetration in the United States may have peaked by June, maybe at 10% of new vehicle sales, according to the latest reports from carmakers. That is an increase over the past few months, but it is still lower than in other parts of the world, and it is still early-adopter. Battery-electric car penetration among US households is about 2 percent today, on balance.

The U.S. industry is still at a “model T” stage in terms of electric car adoption. General Motors (GM) CEO Mary Barra told Barrons recently that EV costs are the impediment to higher adoption. That is why she is focused on providing more affordable electric vehicles in the coming years. EVs are more expensive upfront than conventional cars, though the fuel and maintenance costs are lower.