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Ford’s electric vehicle (EV) division lost $1.3 billion in the first quarter of 2024, which adds up to a $132,000 loss for each of the 10,000 EVs sold. Sales of Ford EVs also plunged by 20 percent compared to last year, and “its revenue plunged 84% to about $100 million, which Ford attributed mostly to price cuts for EVs across the industry.” Ford expects losses on its Model e to hit $5 billion by the end of the year. More: The losses go far beyond the cost of building and selling those 10,000 cars, according to Ford. Instead the losses...

Joe Biden’s massive electric vehicle (EV) agenda will subsidize the lifestyles of America’s well-to-do while hitting average people the hardest.... The Biden administration is aggressively regulating the U.S. auto market to drastically increase the proportion of EVs sold over the coming decade, but consumer demand has not taken off as quickly as proponents had projected despite the subsidies made available by Biden’s flagship climate bill, the Inflation Reduction Act (IRA). Manufacturers are slashing prices of their EVs to make the vehicles more appealing to consumers, which will increase prices for internal combustion engine (ICE) cars to compensate; this dynamic will...

VIDEOThis video reveals why EVs have become so popular with sales of electric cars growing at an ever increasing rate. It's because their chargers are fast, convenient, and very friendly to the environment. Goodbye to gasoline powered cars; hello to EVs with their clean CLEAN energy.

The Biden administration’s well-funded push to build out a national network of electric vehicle (EV) chargers has so far resulted in only a handful of installations, according to The Washington Post. The bipartisan infrastructure bill of 2021 allotted $7.5 billion to subsidize thousands of EV chargers to help the administration’s goal of having EVs constitute 50% of all new cars sold in 2030, but only seven stations in total have been built in four states to date, according to the Post. The slow rollout of the EV charger funding is unfolding as the Biden administration has recently issued stringent emissions...

The Biden administration’s Environmental Protection Agency (EPA) has revealed its ambition: to phase out gas-powered cars in favor of electric vehicles (EVs). Incredibly, this announcement comes as we are flooded with overwhelming evidence that EVs are a market loser. Indeed, the artificial boom and then meltdown of the EV market is a modern industrial calamity. It was created by government, social media, wild disease frenzy, far-flung thinking, and the irrational chasing of utopia, followed by a rude awakening by facts and reality. CEO of Hertz Stephen Scherr has been booted out due to a vast purchase of an EV fleet...

The startup electric car company Fisker said this week that it is halting the production of its vehicles to raise $150 million in emergency funds as it grapples with a cash crunch spurred by a low demand for electric vehicles. The California-based company, which says its mission is to “create the world’s most emotional and sustainable electric vehicles,” has barely produced over a thousand electric vehicles worldwide for the year. “The company has approximately 4,700 vehicles in its currently inventory, carried over from 2023 and including 2024 production,” the company said. “While it has not completed an NRV analysis for...

As John Adams said:Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.Now, if Stephen Scherr had taken Adams’s observation into consideration, he might still have a job. (However, no sympathy from me; he’ll be employed in no time at all, making more bad decisions that inevitably cost me money, in one way or another.) From a report at the New York Post this afternoon:Hertz, one of the four largest car rental companies in the world, is replacing its CEO after the company...

Electric vehicle start-up Fisker is exploring bankruptcy, The Wall Street Journal reported this week. Fisker’s stock plunged this week as investors worry about the company’s ability to survive amid a cash crunch. The auto company also said it would slash 15% of its workforce. The Wall Street Journal reported: Electric-vehicle startup Fisker FSR -55.88%decrease; red down pointing triangle has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter. Fisker, which recently warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk...

Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans.. consumer demand for EVs hasn’t shown up in the way executives had expected ... The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike, based in part on their visions for an EV future. Now the hype...

Andrew Moseman goes into some detail in Friday's Atlantic magazine as to why electric vehicle sales have slowed down recently to the extent that he is now calling 2024 a lost year for EVs as reflected in the title, "America’s Lost Year for Electric Cars."Despite Moseman providing us with a myriad of obvious reasons why consumers appear to be rejecting EVs, he falls back on the easy all-purpose explanation for liberals to blame for whatever the woes: Trump's fault!

Fischer: Last year the University of Nebraska at Lincoln campus conducted a first of its kind crash test of an electric pickup truck to study whether current Highway guard rails adequately protect against the growing number of those heavy EVS that are on our roads. At 60 miles per hour the 7,000 lb electric truck tore through the barrier without offering any protection to the traveling public or reduction in speed. I've recently heard from First Responders that are also concerned about responding to electric vehicle fires. 40% of firefighters have never had EV fire safety training and I've heard...

The gas-powered Dodge Charger isn't dead yet. While the V-8 may be gone, Dodge will continue to offer the Charger will an internal combustion engine alongside the two new electric variants revealed today. At the top of the internal combustion food chain sits the Dodge Charger Sixpack H.O. It's powered by Stellantis's 3.0-liter twin-turbo Hurricane straight-six engine, rated at 550 horsepower. There's also a Sixpack S.O. version rated at 420 horsepower. "The Hurricane engine-powered Dodge Charger Sixpack models will give the Brotherhood of Muscle a gas option that produces better horsepower and torque numbers than the outgoing 5.7 and 6.4-liter...

Electric vehicles may release more pollution than gas-powered vehicles, according to a report that has recently resurfaced. The study, which was published in 2022 but has begun circulating again after being cited in a WSJ op-ed, found that brakes and tires release 1,850 times more particulate matter compared to modern tailpipes which have filters that reduce emissions. It found that EVs are 30 percent heavier on average than gas-powered vehicles, which causes the brakes and tire treads to wear out faster than standard cars and releases tiny, often toxic particles into the atmosphere.

The year 1957 is memorable for at least two historic launches. The launch by the Soviet Socialist Union of the Sputnik, the world’s first artificial satellite, prompted the U.S. to create the National Aeronautics and Space Administration (NASA) the very next year.Eleven years later, Neil Armstrong stepped out of Apollo 11 and famously proclaimed, “That’s one small step for man, one giant leap for mankind.”Barely three years later, Apollo 17 astronaut Eugene Cernan announced the end of the manned space flight experiment: “We shall return, with peace and hope for all mankind.”Many believe that the Challenger launch failure in 1986,...

A green nonprofit that is indirectly funded by a foreign billionaire is pressuring broadcasters to drop advertisements that criticize the Biden administration’s massive electric vehicle (EV) agenda. Climate Power wrote to numerous broadcasters this week demanding that they stop airing American Fuel and Petrochemicals Manufacturers (AFPM)-funded advertisements in swing state markets that rail against President Joe Biden’s plans to impose widespread EV adoption in the coming years. The charitable organization affiliated with Hansjorg Wyss, a Swiss health care mogul and billionaire philanthropist, donates millions of dollars to the Fund for a Better Future, which was the fiscal sponsor for Climate...

The Joe Biden regime has classified elite getaways, including Martha’s Vineyard, as “low-income” in an effort to qualify them for an electric vehicle (EV) charger subsidy program under the Inflation Reduction Act (IRA). The EV charger tax credit program was supposed to allocate subsidies to “low-income” or “non-urban” areas. An examination of the Department of Energy’s (DOE) eligibility map identified several upscale areas deemed “low-income” by the regime, allowing them to receive EV charger subsidies. To be seen as “low-income,” areas must either have a poverty rate of over 20 percent, a median income beneath 80 percent of their wider...

Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed to withstand the extra force, raising concerns about the nation’s roadside safety system, according to crash test data released Wednesday by the University of Nebraska. Electric vehicles typically weigh 20% to 50% more than gas-powered vehicles thanks to batteries that can weigh almost as much as a small gas-powered car. And they have lower centers of gravity. Because of these differences, guardrails can do little to stop electric vehicles from pushing through barriers typically made of steel. Last fall, engineers...

The fourth quarter of 2023 was not good for Electric Vehicles (EV). Multiple manufacturers decided to curb or halt production. Ford in particular decided to cut their F150 Lightening Truck series in half. Roughly 4,500 auto dealers signed on to a letter petitioning the Biden administration to “tap the breaks” on its aggressive EV push, on account of EVs stacking up on dealer lots. The new year is already off to a rough start and we’re not even through the first month. Hertz announced it will be selling off about one third of its EVs, which will amount to roughly...

Cities coast-to-coast grappling with broken-down e-buses that cannot be fixed .. Between the federal government, states and municipalities, untold billions in taxpayer dollars have been spent adding electric buses to transit fleets across the U.S. in an effort to reduce carbon emissions. However, cities from coast-to-coast are grappling with broken-down e-buses that cannot be fixed, are too expensive to fix, or they have scrapped their electric fleets altogether. Officials in Asheville, North Carolina, recently expressed frustration that three of the five e-buses the city purchased for millions in 2018 are now sitting idle due to a combination of software issues,...

ASHEVILLE, N.C. — The city of Asheville's purchase of five electric buses in 2018 has turned into a multi-million-dollar loss. The buses have been broken or unable to run because of software and/or mechanical issues, making them an expensive and disappointing purchase, according to city maintenance and transportation staff. ... Currently, three of the five buses are idled, with one that has had a broken double door since July. “We haven’t been able to get new doors,” Asheville's interim transportation director Jessica Morriss said. “There's no third party that makes a door. We'd have to get custom-made doors.” Each of...