Well, last year, Gavin Newsom and the California Air Resources Board, decreed that no new internal combustion engine vehicles can be sold in California in 2035. A few other states and some countries in Europe are also using the 2035 target date.
Car companies such as Ford, are probably banking on government regulations force feeding electric cars, and they expect to make profits in future years on electrics, even if they show big losses now.
And for all we know, there are tax credits or other tax subsidies, which help Ford offset these big losses on electrics.
Wonder what the people in 2035 will say?
I don't think that 'banking' is the correct word. I am positive that the Biden cartel has visited each and every ICE manufacturer and told them that if they didn't start cramming EVs down our throats, that company would soon find themselves regulated, fined, etc out of business.
And I don't think the den of phaggs, phreaks, and phanaticks in WDC would stop at limiting their threats to the business itself. I would not be surprised if pictures of executive's families and other loved ones are included in the FedGov's presentation.
We'll have to boycott automobile companies. The government isn't even doing anything to expand our infrastructure to support the EVs. Just now, we were able get a new nuclear reactor running, first time in 40 years. We should be building at least 20 new nuclear reactors right now if we are serious about the conversion from ICE vehicles to EVs