How to lose billions on EVs

[Ptarmigan]

How to lose billions on EVs
https://www.americanthinker.com/blog/2024/05/how_to_lose_billions_on_tvs.html

Senator Everett Dirksen said: “A billion here, a billion there, pretty soon you’re talking real money.”  Our federal government has been talking trillions for some time now, but the Mummified Meat Puppet Administration’s (MMPA) push for electric vehicles has EV manufacturers talking, and losing, billions.

MMPA mouthpieces like Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm assure us EVs are the future and they’re pushing unconstitutional, unrealizable regulations to force that future down our throats. Unfortunately for them, economic reality is intruding, and Ford provides a disturbing example:



The recent figures are part of a trend of loss for Ford, with their Model e reporting a full-year EBIT loss of $4.7 billion on the sale of 116,000 units. This is an average loss of $40,525 per vehicle — and even that is just a third of the per-vehicle loss seen in the first three months of 2024.

Ford announced months ago it was cutting EV production in half.  It took them well over a year, and a $4.7 billion dollar loss—I suspect it’s more—to finally, barely, acknowledge their fiscal responsibilities to their shareholders. What company can afford to sustain those kinds of losses, regardless of their fealty to the MMPA and it’s socialist/communist policies? It would now seem likely Ford is going to have to do more than halve their EV production:

Ford announced earlier this month [April] that the company will delay producing two new electric models, opting for hybrid vehicles instead.

Subsidizing EVs is costing billions.

[DefiantSix]

Battery-operated toys do not belong in the roads. We were all taught this once, as kids.

[Old n Grumpy]

Ford announced months ago it was cutting EV production in half.

They need to cut production by 100%

I listen to a former EV owner on the radio one day and his comments on only one were, insurance is higher because they’re very expensive to fix, parts are not always available and when they are, they’re very expensive. There’s a limited amount of places you could take them to be repaired and you constantly have to worry about running out of juice.

[RonE]

The politicians need to understand that they aren't really that smart...or trustworthy. And we're no longer all that impressed with them. Get the hell out of the way and let the market decide what cars are built.
Quit throwing our tax money on subsidies to EV makers, "alternative energy" manufacturers, and other bullshit projects. The market will handle it. Hell, you can even take credit for it if it makes you feel better.

[Drafe Hoblin]

Makes me nostalgic for one of Rush's stories about 'charging anxiety' when he first switched-over to battery-powered phones and how he had to convince himself that they weren't making him a hopeless neurotic.