One of the biggest problems that anyone purchasing an electric vehicle should consider... is that the life of the batteries which are very fragile if "abused" in any way can be very limited. This typically means that you should not charge them past 85% or discharge them below 15%... This means that the range is essentially 30% less than advertised right from the start. It is a bad joke!
The batteries are by far the most expensive component, and the prices and availability situation is getting worse. By the time you pay it off and hope to trade it in, the batteries will be close to be needing to be replaced and will make the car worthless in the current market.
Too big to fail! Time to steal the preferred stockholders’ stake and give it to the UAW!
I can’t imagine companies like Ford would be doing well even without this EV idiocy. With all the supply chain disruptions leading to empty dealership lots, how many new vehicles are these companies actually selling these days?
Revenue being down 5% doesn’t have anything to do with electric car sales. Could it be some resistance to $50,000 pickup trucks?
Go woke, go broke.
But, but, but the f-150 lightning can power your house after a storm and stuff. Or something.
Supporting the Mich’s Nancy’s Chucks BiLiar Bush’s DC Freeloaders
OBush’s Freeloader Class.
You can’t sell cars if you have no cars to sell. Just look at all the dealerships, they’re half empty and try to compensate by parking the existing cars further apart......
EVs are interesting. Fast as heck. But, there are so many considerations that haven’t been addressed. The most glaring of which are:
Lack of charging stations
Charging time
The capability of the electric grid
Availability of resources such as lithium
To go all in on EVs is breathtakingly stupid. I can’t imagine the car makers suddenly got as stupid as Joe Biden, so I’m guessing there’s a huge push by world governments. The execs at the car makers may not be stone stupid, but politicians are.
EVs might play a small part in this, but every car brand is dealing with huge supply chain issues. Our local Toyota dealership has zero new vehicles on its lot. Zero. Everything is “in transit” or has to be ordered, and many vehicles have waiting lists of over a year. That’s why used cars are selling for thousands more than a new model, and people are willing to pay those prices simply because new cars are almost impossible to find. It’s insane.
Isn’t the Rivian pickup a competitor to the F-150 Lightning?
Why would Ford be investing in a competitor?
No one mentions that there are 5-10 year old kids in Central Africa digging for Cobalt in order to make the electric batteries. No safety equipment, no nothing. Just kids, literally kids using their bare hands digging in the dirt.
Good grief. No they didn't. Rivian has no revenue nor was it expected too so they had nothing to do with Ford's revenue miss.
But they did significantly impact Ford's reported profit.
Wherever Joe goes, disaster follows.
Hi.
Ford’s electric “Mustang” didn’t fair well?
5.56mm
Investment in Rivian is the “legacy” industry’s way of hedging against the success of Tesla.
Except they are in production hell, and can’t deliver in quantity - thus the tremendous losses that are written down.
Electric is here to stay. Get used to it. Performance is there already.
Now imagine if batteries are 1/3 the price, or 2x or more the range.
Game over. This is why everyone invested billions. Because they must somehow secure a path or get left behind.
The automobile industry is a plodding industry that resists change. They resisted seat belts for 20+ years...
I see a big government bailout coming.
Screw them.
They shouldn’t make decisions when they’re Drunk on Global Warming
Why would I *possibly* want an EV today?
Good, the market will decide.
People don’t want electric, they want gas powered cars.
I’ve got a good idea, why don’t we mandate that all vehicles come with a cure for cancer?