Posted on 07/24/2022 10:04:44 AM PDT by DUMBGRUNT
The auto industry gambles its finances on big electric vehicles for the rich, like Ford’s Mustang Mach-E and GM’s Hummer EV, and second-rate cars for everybody else.
OK. Buyers aren’t drawn to the electric Mustang or Ford’s new F-150 Lightning pickup to solve climate change. These are exciting, high-tech gadgets in their own right. And that’s fine. Even so, customers’ appetite might slacken if they were told the truth. Ford leaked this week for the benefit of the investment community plans to lay off thousands of workers to fatten the profits of its conventional vehicles.
As Ford CEO Jim Farley said in March, “we need them to be more profitable to fund” Ford’s $50 billion in spending on mostly high-end EVs, which have the least chance of being net reducers of CO2.
Their dreamland is Norway, where hybrid and electric-vehicle miles now exceed conventional-vehicle miles, thanks to generous subsidies to EV buyers. Paid for how? With 0.07% of the world’s people, Norway exports 2% of the world’s oil and gas, 30 times its share of global population.
According to the consultancy AlixPartners, some $526 billion is currently being invested to create dozens of mostly high-end electric vehicles aimed at the 17% of buyers who constitute the luxury market. The impact on climate of these cars will be zero.
(Excerpt) Read more at wsj.com ...
EVs don’t need Exxon or OPEC
oh that’s right...
all resources used to build and deliver the parts are derived from fairy dust and unicorn farts...
“I saw some moron charging an electric Jeep Wrangler yesterday.
The only time he’ll ever go off road is a gravel parking lot”
Jeep doesn’t build an EV!
affordable car <-> used car
When a $5000 long-range battery system dies it could be replaced by a $2000 short-range battery system (paid for on a $50/month payment plan).
I see you subscribe to left-wing environmental extremeists’ propaganda!
While we prefer to wait until a vehicle has been in production for at least 5 years to publish that model’s depreciation rates, we wanted to give you a sneak peek in how the Model 3 is doing so far... Early indications suggest that an average 3-year old Model 3 has retained 77% of its value since being purchased new in 2017. If these numbers hold up, that would give the Model 3 the highest residual values of any passenger car that we follow (over 300 models), and rate right up there with pick-up trucks, who are known for having great resale values. In contrast, the average popular (non-luxury) vehicle retains 62% of its value after 3 years, giving the Model 3 a sizeable advantage over just about everything.
https://caredge.com/blog/tesla-model-3-resale-value
The 4xe Jeeps are plug-in hybrids, but Stellantis has talked about bringing out battery-electric vehicles in the future. There’s been a couple of battery-electric Jeep Wrangler prototypes at the Easter Jeep Safari the past few years (Magneto and Magneto 2.0).
Plastics, Lubricants - OIL. Mining the minerals for the batteries and metals - OIL. Transporting them - OIL
When I saw one of those electric “Mustangs” recently, I snickered...I thought it was one of those things where some dweeb takes the Mustang grill emblem off one car and puts it on another car.
Imagine my disgust and surprise when I found out that ugly piece of garbage was a real Ford produced product in the “Mustang” line.
Pathetic. I can imagine it may have good performance and such, but that doesn’t look like a Mustang, it looks like a gelding.
This one had a door in the left fender with a cord plugged into it at a charging station. It had temp plates.
“This one had a door in the left fender with a cord plugged into it at a charging station. “
And a 17 gallon tank feeding the turbocharged engine. You really should know the facts!
I see you don’t mind where your cobalt comes from.
Obviously you didn’t read your linked page!
The default mode, Hybrid, combines torque from both the 2.0L turbocharged engine and the electric motors. This combination provides maximum horsepower, instant torque and the best acceleration. Electric power is consumed first.
In the long run, as the technology of batteries improves, maybe. Maybe for daily commutes.
In the short run - I see this as a trapeze act for Ford and other manufacturers, and if they make the electric move too soon, as Ford appears to be doing, they run the risk of missing the transition to catching demand for electric vehicles and crashing and burning financially. Lookout US Taxpayers, Ford didn’t need a US Government bailout in 2008-2009, but they may well be at the front of the line in the near future. Watch your wallets!
“I see you don’t mind where your cobalt comes from.’
It doesn’t come from little kids! That propaganda is distributed by radical environmentalists.
Yea, so I go around researching every stupid little thing I see in life.
There’s a full electric coming next year. It’s double moronic
Hey stupid, I was just showing you that there is a plug in
Hidrogen is not a primary fuel but another storage medium. It is not found in its pure form in nature.
It has to be either extracted from natural gas or extracted from water using electricity. This ONLY makes sense if there is an excess wind/solar energy that cannot be used directly in the electric power system.
EVs don’t need Exxon or OPEC
But thery do need asphalt, grease for wheel bearings and other moving parts, upholstery, headliners, sun visors, dashboards, air bags....
Uh oh...TIRES!
Only very ignorant people believe that we will do away with the petroleum industry.....or the grafters in high places.
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