CHINA Electric Vehicle Disaster as Sales Growth & Prices Fall, USA 100% Tariff & Competition Soars

Please Support The Channel: YouTube Membership - YouTube Super Thanks (click below) In this video I look at what is happening with Electric vehicles. Both the price and the sales growth for electric cars fell in Q1 2024, Tesla, the leading brand globally, announced it was firing 10% of its workforce including the staff at its charging business and the share prices of EV brands crashed. However, despite all of this bad news, ZEEKR, a Chinese EV brand, listed its shares on the New York Stock Exchange at a valuation of over $5 Billion and raised $441 Million from USA investors. China has been flooding Global markets with low cost electric vehicles and as a direct result of this the USA recently introduced a 100% tariff on Chinese EV’s. In this episode I look at the reasons why electric vehicle sales are slowing, why there is a reluctance to move to electric for the majority of car buyers and what the implications of the increase in competition means for EV brands such as ZEEKR. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. Chapters: 0:00 Intro 4:10 ZEEKR IPO 6:58 EV SHARE PRICES 9:39 EV SALES 11:27 EV BRANDS 12:45 EV CONCERNS 13:40 RANGE ANXIETY 16:03 CHARGING INFRASTRUCTURE 18:13 EV COSTS 21:38 REPAIRS 22:46 SUMMARY & CONCLUSION #china #tesla #electriccar #electriccarsarethefuture #chinaevcar #zeekr #shares #electriccar #rangeanxiety #globalrecession #chineseyuan #deflation #inflation #technology #wheat #interestrates #india #Belt&Road #globalrecession #globalfinancialcrisis #russia #Evergrande #China #Recession #Bonds