the $7,500 federal rebate on them is driving sales at the moment.
EV folks complaining about government interference in the market - can’t make this sh*t up.
Business model…
We’ll lose a little bit on each car, but make it up in volume.
🙄😂
PT Barnum couldn’t have done better.
The public is waking up to this disaster.
To rent? No way would I rent an EV.
There appears to be some sort of rewards given by the EV manufacturers to some of the old car pubs. They all seem to be pushing the duds. Motor Trend picked one as car of the year, Jalopnic did a laughable counter of a tech article that shows just how much more of an EV costs “per mile” than a conventional IC machine. The bottom line, though, is that without support from the government, EVs would be as dead as their batteries. I’m a EE, and would love an electric car. An electric car that doesn’t consume rare earth resources, charges within 15 or 20 minutes via charging stations are as common as filling stations, one that has a national power grid capable of handling the load and...oh yeah...reliable and inexpensive power generating capabilities.
> Ford Motor Company’s third-quarter earnings revealed rising losses with EVs, posting an operating loss of $1.3 billion… <
At some point, Ford’s stupid decisions will cause its stock price to crash. As of today, it’s $10.31 per share. I’m watching Ford, and I believe I’ll be a buyer if it drops to $5 per share.
Comments, anyone?
“Green Energy” is a social-engineering and political crony skimming scheme
It has only survived to this point by a previous 15 years of zero interest rates, rapidly growing government debt for propaganda and subsidies, cheap oil, globalization and world peace
All those things have started to reverse. The “green energy” scam won’t survive much longer
“Record sales” — these are NOT HONEST sales. When you get free money from Uncle Sugar, there should be a HUGE asterisk next to the “sales record.” Just like there should be asterisks next to Barry Bonds and Mark McGwire.
It’s like comparing Hank Aaron to Barry Bonds without an asterisk.
It’s like “Lia” Thomas setting “women’s records” in swimming.
“With 313,086 vehicles sold, that exceeded the record high of 298,039 sold in the second quarter and was an increase of nearly 50 percent over the year-ago quarter. “
313,086???
Tesla, alone, sold over 435,000.
I would say "childlike" in their naive belief that EVs will save the earth.
Government ordering companies to lose money will be the normal ,LOL
Quick Bail out 10.0.
It is Solyndra rit large. The left takes other people’s money (taxes) and hopes the general public does not notice that there are no real ‘market’ for most of this. I often point out to people that every time an EV passes by, we all contributed to the purchase of the EV. After enough times stating this, some people actually ask questions. When I explain, some get angry.
Free enterprise my ass. We live in a CommandAndControl economy, and it’s been running to the ground by commissars with “5 year plans.”
The Soviet Union ran on five your government plans and look how they all ended up
Lose money on each, make it up on volume
Though electric vehicles hit another sales record, high production costs and a dwindling new customer base have spawned increasing corporate losses,
How in the hell does that even make any sense?
The people that want toy electric cars have already purchased them. Now it’s onsies and twosies.
And they’re still plodding right along with the monstrosity Rivian plant in a small
rural Georgia town, where no one but kemp and the POSs on the local
Chambers of commerce want the thing. Will go down as one of the worst deals ever in this country. But the guy who sold the family farm for it got his money.
How will they sell if subsidies are taken away?
If, as the article says, fewer than 1.5 million are sold in a year, it will take about 30 years to cover the market.