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Electric vehicle makers burning cash, slammed by sky-high costs
Yahoo news ^
| November 14, 2022
| Akash Sriram
Posted on 11/14/2022 4:42:41 AM PST by dennisw
click here to read article
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1
posted on
11/14/2022 4:42:41 AM PST
by
dennisw
To: dennisw
This is so insane, it’s like trying to replace gas powered vehicles with rubber band powered ones
2
posted on
11/14/2022 4:44:55 AM PST
by
GrandJediMasterYoda
(As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
To: dennisw
In that other recession back in 2008-2012... Warren Buffet famously said ____ “When the tide rolls out, you can see who has been swimming naked”
3
posted on
11/14/2022 4:45:07 AM PST
by
dennisw
("You don't have to like it. You just have to do it")
To: dennisw
“But its cost of goods sold was about $220,000 per car versus an average selling price of $81,000 in the quarter, CFRA estimated.”
There aren’t with government subsidies in the world to cover that cost. But then, I don’t think it’s about making EVs affordable for the public...it’s about lining politician’s pockets.
4
posted on
11/14/2022 5:12:25 AM PST
by
moovova
("The NEXT election is the most important election of our lifetimes!“ LOL...)
To: dennisw
This is no problem. The government will mandate that no electric car can go over 30 miles without recharging. So, fewer batteries needed/cheaper, everyone can have one..
5
posted on
11/14/2022 5:12:53 AM PST
by
The Antiyuppie
(When small men cast long shadows, then it is very late in the day.)
To: moovova
6
posted on
11/14/2022 5:14:14 AM PST
by
moovova
("The NEXT election is the most important election of our lifetimes!“ LOL...)
To: dennisw
My wife’s uncle bought a new Lucid EV a couple of months ago. He paid more than $150,000. He (age 89) and his wife broke down in their new EV in Arizona and had to get a rental car (gas-powered) to continue their trip.
7
posted on
11/14/2022 5:20:47 AM PST
by
Gnome1949
To: dennisw
Starting up a car company from scratch is pretty much a fool’s errand.
See DeLorean.
And it’s a lot worse now with all the regulations to be met.
8
posted on
11/14/2022 5:21:07 AM PST
by
FarCenter
To: moovova
I wouldn't want a Rivian anyway. They're EV trucks, which makes them non-trucks. My wife and I like our EV car, and we like our ICE pickup. I wish the Dims would let us decide what we drive on our own in the free market.
Ironically, some of us conservative families in the south like having one EV in our two-car garage to give us a diversification on energy dependency. If the Dims mess up gasoline supplies, we have an EV. If the Dims mess up power, we have an ICE pickup.
A few of us in the south like having an EV because we have solar to make our homes somewhat energy independent. The EV is a good way to utilize the excess power your solar system generates beyond what your house needs. We don't think solar is saving the world or any of that hogwash. We like weaning ourselves from dependency on things that the Dims overregulate, like energy.
9
posted on
11/14/2022 5:26:30 AM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: moovova
“But its cost of goods sold was about $220,000 per car versus an average selling price of $81,000 in the quarter, CFRA estimated.” They will make it up on the volume!
To: dennisw
Raw material costs for electric vehicles?
The "Green" Leftists will send more third-world children into the mines.
https://www.dailymail.co.uk/news/article-4764208/Child-miners-aged-four-living-hell-Earth.html
To: Tell It Right
You are logical and practical. DC should not be dictating and subsidizing via EV tax credits. EVs and hybrids work for some family situations.
Mine is Honda Fit ICE and we like it
12
posted on
11/14/2022 6:52:47 AM PST
by
dennisw
("You don't have to like it. You just have to do it")
To: GrandJediMasterYoda
“Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.” -Thomas Sowell
13
posted on
11/14/2022 7:00:26 AM PST
by
Max in Utah
(A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
14
posted on
11/14/2022 7:31:27 AM PST
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: Max in Utah
Ha! So right! That guy is brilliant.
15
posted on
11/14/2022 7:54:49 AM PST
by
GrandJediMasterYoda
(As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
To: T.B. Yoits
The "Green" Leftists will send more third-world children into the mines. They could just cut out the middle man and import child slaves to pull their carriages.
16
posted on
11/14/2022 9:11:18 AM PST
by
seowulf
(Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
To: dennisw
Not a problem.
They will make it up on volume. /s
To: Tell It Right
Sounds like you’re using some common sense there!
That can’t be allowed…
18
posted on
11/14/2022 10:16:51 AM PST
by
vpintheak
(Live free, or die!)
To: seowulf
There are many legitimate criticisms of EV's. But the child slave labor one is lame. Only 2% of lithium comes from Tanzania (the slave labor photos). Half of the world's lithium comes from Australia. LOL
It'd be nice if everything else we bought was half made in the developed world and at most 2% made in a child slave labor world.
19
posted on
11/14/2022 10:25:17 AM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Tell It Right
So, only 1 in 50 EVs is a slave car, or 1 mile out of 50 you drive is slave powered. Not bad.
Of course less than 1 in 50 American citizens owned a slave in 1860. Also not too bad either, I guess.
20
posted on
11/14/2022 7:37:47 PM PST
by
seowulf
(Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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