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CNBC | Why Tire Companies Love EVs

1.6K views 7 replies 7 participants last post by  Enzeder  
#1 ·
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Producer: Robert Ferris

Mar 28, 2024

The tire business can be a brutal one - low growth, low margins and extreme competition. Tire makers are at the mercy of ups and
downs of raw material prices.

About half of customers are largely indifferent to the brand of tires they buy. Price is the main differentiator. But industry analysts
say the rise of EVs provides tire makers with the biggest growth opportunity they have seen in decades.

AlixPartners estimates that tires on EVs can cost 20 percent more and require replacement 50 percent more frequently. Watch the
video above to learn more.


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#2 · (Edited)
It is another misleading hit piece by anti ev crowd.

EVs can use the same tires as regular cars. I have personally not seen significant difference in tire life between my EVs and non EVs. Currently I am on my original Alenzas (not an EV tire) at 21,000 mile and 4.5-5/32 tread remaining. In line with 30,000 mile expected from OEM tires.
 
#3 ·
Most new EV owners didn't have experience in owning vehicles with brutal torque and neck snapping acceleration, and adrenaline rush is something that they didn't get enough by owning ICE vehicle's.
People who have come from quite powerful ICE vehicle and brutal torque from low RPM don't see the difference in tire life expectancy. I have couple cars that i with need rear set of tires whenever my oil change is needed.
Driving hard and pushing the limits of the vehicle and road ahead of you will eat tires, irrelevant if you have EV or ICE vehicle.