The left likes to treat skeptics of electrical cars as if they were Luddites. Truth is, making an existing product less efficient but more expensive doesn’t really meet the definition of innovation.
Even the purported amenities and technological advances EV-makers like to brag about in their ads have been a regular feature of gas-powered vehicles going back generations. At best, EVs, if they fulfill their promise, are a lateral technology.
Which is why there is no real “emerging market” for EVs in the United States as much as there’s an industrial policy in place that props up EVs with government purchases, propaganda, endless state subsidies, cronyism, taxpayer-backed loans, and edicts. The green “revolution” is an elite-driven, top-down technocratic project.
And it’s increasingly clear that the only reason giant rent-seeking carmakers are so heavily invested in EV development is that government is promising to artificially limit the production of gas-powered cars.[…]
In today’s real-world economy, though, Ford announced this week that it was firing at least 1,000 employees — many of them white-collar workers on the EV side. Ford projects it’s going to lose $3 billion on electric vehicles in 2023, bringing its EV losses to $5.1 billion over two years. In 2021, Ford reportedly lost $34,000 on every EV it made. This year it was losing more than $58,000 on every EV. In a normal world, Ford would be dramatically scaling back EV production, not expanding it. Remember that next time we need to bail out Detroit.
Then again, we’re already bailing them out, I suppose. Last week, the U.S. Energy Department lent Ford — again, a company that loses tens of thousands of dollars on every EV it sells — another $9.2 billion in taxpayer dollars for a South Korean battery project. One imagines no sane bank would do it. The cost of EV batteries has gone up, not down, over the past few years.
I have said it many time before, there will never be enough electricity to power all the EVs that are planned to be on the roads. The charging problem, the limited range of most EVs dictate that only fools will waste their money on virtue signalling their oh-so cool electric toy.
When you try to sell you used EV, you will not find many buyers who may have to spring for a new battery that will cost more than many actual complete cars.
Keep looking for a new energy supply … something new .. not windmills those are a joke.
https://notrickszone.com/2023/06/24/private-jets-keep-green-light-as-wef-pushes-to-remove-75-of-all-cars-in-just-27-years/
They aren’t even trying to keep it secret anymore
Once again with feeling. BUILD THEM WITHOUT USING FOSSIL FUELS. FREAKING IDIOTS, EVERYONE.
I think that was the intention all along, to remove personal transportation and the freedom to move anywhere
Lordstown Motors destroyed $100 million of capital before folding the tent. That capital is gone forever, despite what Keynesians might claim about the value of “stimulus”.
Mandatory viewing for anyone interested. It’s only a minute. And I’d like to see that guy debate
Mr.”Genius”Elon Musk who so far seems fairly adept at harvesting subsidies.https://www.youtube.com/shorts/XV9ijKAubfU
Toyota knows the EV isn’t doable and is partnering with others to come up with this game changer that’ll surely rattle the industry. I don’t know how they’re doing it but I wouldn’t bet against them. Which is why you can take my Tacoma TRD from my cold dead hands and good luck with all of that. And no, I don’t give a shit where it’s made. That ship sailed long ago.
https://www.youtube.com/watch?v=sLBm4Q9Gi-w
Of course politicos won’t like it because as Matt pointed out…cars means freedom and God forbid the plebes have anymore of that stuff.
Unless I missed it the video doesn’t ever talk about the biggest problem with hydrogen and that is hydrogen’s boiling temperature is something like -260 C and when stored in a gaseous state hydrogen is not very energy dense and has leakage problems …. it is the smallest molecule.
Plus hydrogen causes embrittlement in some metals (if I remember correctly).
However Toyota are not dummies and so it will be interesting to see where this goes.
I am not impressed with electric cars. My wife’s friend had one and after 18 months with a Tesla S she told her husband to “get rid of the fu%#ing Tesla and get me a real car”. Another friend of the wifes is a teacher and parks her Tesla 3 outside and once the temps reach the – 20 to – 30 C range the car is consistently turning into a brick.
Plus one fellow is dumping his EV Mustang because of the slow charging … especially slow in the cold … he does a lot of travelling for work and it is just too inconvenient on the road plus it struggles to defrost the windshield and clear the ice at -15 C range temps
The first bus that used hydrogen in california was typically losing 50% of the hydrogen pumped into it because of “leaks”
Huh … ? I guess it became embarrassing that 95% of all “South Korean” LG EV batteries are made in Communist China?
And why is it that all the most FOUL, NOXIOUS, DEADLY manufacturing is centered in Asia? It’s almost as if there are so many Asian automaton-semi-humans … that they’re more expendable. Oh! And they work harder than black and brown people … so there’s that too.
Ken Gee
Nice racist rant there Mr Kristian.
And do you wonder why old Bruin, a Chinese American quit posting in here?
Old Bruin and I were close “friends” here, and I believe he would agree with my implications. We shared a love of the EPL … although since he is a Liverpool fan … I tolerated him. Ha!
Forgive me, because I expected the sarcasm and irony of my statements would be obvious. But you might ask WHY? Asian countries … esp. the ChiComs don’t give a shit about environmental regulations or quality of life … and they just force their population to slave away in unsafe conditions? And why hasn’t international manufacturing located in Africa, and exploited THAT cheap labor pool? These are just facts. And facts are never divorced from reasons or motivations. Only the willfully ignorant … or people who hide EVERYTHING behind a false facade “racial sensitivity” would pretend not to know things.
Next move by the elite = closure of gas stations, especially in urban areas, where they want 15 minute zones. All according to the Agenda 2030 plan, spearheaded by the “not dead enough” Maurice Strong and UN/WEF buddies.