{"id":122689,"date":"2018-01-16T17:27:33","date_gmt":"2018-01-16T22:27:33","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=122689"},"modified":"2018-01-16T17:27:33","modified_gmt":"2018-01-16T22:27:33","slug":"rising-ev-sales-will-cut-into-booming-truck-sales","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/01\/rising-ev-sales-will-cut-into-booming-truck-sales\/","title":{"rendered":"Rising EV Sales Will Cut into Booming Truck Sales"},"content":{"rendered":"
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AutoNation CEO Mike Jackson believes that truck sales are going to suffer a bit at the expense of rising EV sales.<\/figcaption><\/figure>\n

Seven of every 10 vehicles sold in the U.S. could soon be a truck\u00a0the\u00a0but continuing shift to pickups and sport-utility vehicles is not going to disrupt\u00a0the\u00a0growing presence of\u00a0electric vehicles that will be on the road in the next decade,\u00a0according to\u00a0Mike Jackson, chief executive officer of AutoNation, who has earned a reputation as one of the industry\u2019s seers.<\/p>\n

Jackson told The Automotive News World Congress also said despite dire warnings to the contrary, car dealers will survive as will luxury brands during what promises to a sweeping transformation of the entire automotive landscape.<\/p>\n

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News Now!<\/figcaption><\/figure>\n

The change will be motivated by the drive towards autonomous vehicles and steady increase in electrification,\u00a0he said. \u201cWe are an industry on the verge of one of the most exciting era,\u201d said Jackson, who noted the new technology will help the industry address two critical social issues, pollution and the highway fatalities.<\/p>\n

\u201cWe\u2019ve passed an inflection point with electrification,\u201d\u00a0he said. Government mandates and a sight line to profitability that didn\u2019t exist five years is driving the move into electric vehicles, he said.<\/p>\n

China is spurring the transformation with its EV mandates and with China now demanding electric vehicles the State of California isn\u2019t going to relent in its demands for EVs while European Union has take aim at curbing pollution from vehicles.<\/p>\n

(General Motors expecting big profits in 2018. <\/em><\/strong>Click Here<\/a><\/span><\/strong> for the story.)<\/em><\/strong><\/p>\n

There are still great challenges in terms of ranges, re-charging and durability\u00a0but manufacturers have pivoted to meet this global mandate, he said.\u00a0\u201cBy 2030, 20% of the vehicles sold in the US will be battery electric vehicles,\u201d he said.<\/p>\n

The shift to electric vehicles will create new opportunities for dealers.<\/p>\n

For one thing, hybrids, which will also take up more of the vehicle market, will need sophisticated kinds of repairs and services. \u201cThere is a lot of opportunity with autonomy. Level 1, 2 or 3 autonomy\u00a0is like putting a man on the moon. Level 4 and level 5 is like putting a man on Mars,\u201d Jackson observed.<\/p>\n

(<\/em><\/strong>Click Here<\/span><\/strong> to see why GM\u2019s Barra is optimistic that NAFTA will survive.)<\/em><\/strong><\/p>\n

\u201cElectric and autonomous are the most expensive and complicated vehicles ever built and only pro-active maintenance system similar to that used for aircraft will be required,\u201d he said.\u00a0This is one of the areas that AutoNation is preparing to enter with its nationwide system of dealerships.<\/p>\n

\u201cYes, we\u2019re at an epic moment where we can change the amount of pollution and amount of fatalities associated with our industry,\u201d he said.<\/p>\n

\u201cThere is no going back,\u201d added Jackson.\u00a0\u00a0At the same time manufacturers are preparing to take the \u201cenormous profits\u201d they have earned from selling trucks and SUVs, – as much as $50 billion \u2013 and pour into the research and development into electric vehicles.<\/p>\n

(To see a little more about what FCA\u2019s Marchionne had to say about 2018,<\/strong><\/em>\u00a0<\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/strong><\/em><\/p>\n

\u201cThe design issues have actually been figured. There will be more bumps but in another 10 or 12 years battery electric vehicles will be between 15% and 20% of the market and we will be selling them,\u201d he said.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

AutoNation CEO Mike Jackson’s been a bit of a soothsayer in recent years when it comes to things that will impact the auto industry. He thinks EV sales are going to cut into booming truck sales this year. Find out more at TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":118729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[6,7],"tags":[],"make":[],"post-state":[],"category_old":[149,150,276],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/122689"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=122689"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/122689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/118729"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=122689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=122689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=122689"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=122689"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=122689"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=122689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}