“only about five percent of Americans expect their next vehicle will be a fully-electric, battery-fueled machine.”
That’s pretty astounding considering that some companies like GM are essentially going “all in” on EVs. Imagine betting the farm on a product that only 1 out of 20 buyers seems genuinely interested in. Now, the people at GM would probably tell you that they expect consumers to come around to the idea on things really take off, and maybe that’s true to some extent, but can you really expand 5% to 70-80% that quickly? I’m skeptical
I thought it was pretty big news too.
“some companies like GM are essentially going ‘all in’ on EVs”
Money talks and Elon Musk’s ~$304 billion personal net worth screams out.
Count me very skeptical too. It's nigh impossible. Wait till reports come in from the recent i-95 disaster.
If I owned GM stock I'd demand CEO Barra explain coming battery technology, and power generation. How soon ? How much ? They're screwed on all fronts: Generation, storage, and distribution. Forgot: evironmental issues (toxic), convenience (recharge times)
Someday, perhaps...in 15 to 20 years....and that's only if Trump, DeSantis, R congresscritters continue subsidies. If they end, so will EV.
some companies like GM are essentially going “all in” on government subsidies to finance their development mistakes.
There is no easier way for a corporation to go broke than to try to cram their product down consumer’s throats.
That lesson must be learned the hard way—over and over and over again...