This is so insane, it’s like trying to replace gas powered vehicles with rubber band powered ones
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”
“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.
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.
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.
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
Not a problem.
They will make it up on volume. /s