2aguy
Diamond Member
- Jul 19, 2014
- 111,970
- 52,238
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Yep.....electric vehicles are crap.......and will continue to be crap for the foreseeable future....but the left wants to limit energy and transportation for the majority of the population, so they are pushing electric vehicles and using the force of the government to do it....
Any other commercial product that loses this much money would have forced a course correction for the company.....
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.
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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.
Any other commercial product that loses this much money would have forced a course correction for the company.....
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.
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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.
Electric Cars Are An Expensive Scam
If EVs were really a needed innovation, we wouldn't have to bribe and force car companies to produce them.
thefederalist.com