Posted on 12/28/2020 8:38:30 AM PST by RightGeek
Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to reduce carbon dioxide emissions.
Traditional manufacturers are currently playing a “zero sum game” because growth in electric car sales eats into the value of internal combustion engine factories, which “are effectively stranded assets”, a leading analyst has warned.
Philippe Houchois, an analyst at Jefferies, an investment bank, said carmakers’ share prices will be in large part dependent on their ability to avoid losses on fossil fuel assets. “If you want to be a better valued carmaker you need to find a way to shrink your assets faster than a gradual transition to electric vehicles would suggest,” he said.
The industry has already made significant steps away from fossil fuels. The year 2020 will be seen as key for electric cars because of new EU regulations that mandated a limit on average carbon dioxide emissions of 95g/km across all cars sold. The UK has committed to carrying on its emissions regime at an equivalent or stronger level after the Brexit transition period ends on 1 January 2021.
The regulations have prompted a rapid increase in electric car sales as carmakers scrambled to avoid fines worth hundreds of millions of euros – although Volkswagen has already conceded that it will miss its 2020 target, incurring a fine estimated at around €270m (£248m).
BMW announced on Sunday it would build 250,000 more electric cars than it had previously planned between now and 2023. Oliver Zipse, the company’s chief executive, said he wanted roughly 20% of cars it sells to be electric by 2023, up from 8% this year.
(Excerpt) Read more at theguardian.com ...
Sounds like a lot of freepers are short on tesla! How’s that working out for you all?
I just love when stupid people give me their money.
Singapore has the largest number of electric cars in use.
Insanity.
I thought all unicorns were albino.
Some are just white. You have to look for the pink eyes.
They have no clue
Correct, and it is fracking that we have to thank for the reduction in the US of CO2. Fracking of Natural gas wells has created such an abundance of gas that the electric generation has gotten rid of coal fired plants and switched them to gas.
NH has one coal fired plant left. They only run it during times of peak demand such as July and January.
We have a 300+ year supply of natural gas in this country. We are running city buses off of natural gas. We can run fork lifts, etc. Why not run delivery vans. Amazon should be telling Mercedes, Fiat & Ford to make natural gas delivery vans. UPS and the USPS should be ordering natural gas delivery trucks and jeeps. Walmart should be ordering natural gas semi tractors to deliver from their distribution centers. The pipelines are already in place to supply the gas.
lol...Epic short slaughter in Tesla.
I need to get in the gas power towable electric generator business
Did anyone, beside me, care that two “yugly” cars that are still selling on used car sites are HHR & PT Cruisers?
The fact is they are both, designed by the same man!
https://www.autotrader.com/car-news/fact-same-person-designed-chrysler-pt-cruiser-and-chevy-hhr-266079
Nope.
Car-makers like electric vehicles because 1) they are mandated, 2) government are their partners in forcing consumer behavior 3) EV’s will be expensive, so they can shake-down consumers, 4) there are more barriers to entry and competition
If you removed all government mandates on gas mileage, safety, required features, etc… It would be possible to build a simple, low maintenance, relatively comfortable, safe automobile that lasts 300K miles for $5000.
No automaker wants that.
“And how exactly do they plan to charge all those electric cars.”
That is question number 1.
Question number 2 is what do cold weather states do?
Electric cars and no place to plug them in during a power outage here in LA it’s often some times for days.
No thanks
What a joke! The shear lunacy of these electric cars becoming mainstream anytime soon is amazing. Powered by “evil” carbon. Mined from precious metals. The electrical system infrastructure upgrade itself would be mind boggling. There is no way electric vehicles will be viable in any way for a long long time.
+++++++++++++++++++++++++++++++++++++
https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
Unobtanium - Prager U
If it takes government to push a technology then the technology is not ready for prime time.
Barring some breakthrough in battery technology, the future of car tech is evolving to be a hybrid internal combustion/electric vehicle with an appropriately sized battery pack, regenerative braking to recapture the kinetic energy from the deceleration and a very efficient, compact internal combustion engine or fuel cell to charge the battery at peak efficiency
A friend of mine bought a PT Cruiser back when they were new and drove it on its maiden voyage from here to Tallahassee and back, a round trip of about 300 miles.
He said it wore him out. He said it was like driving a go-kart down a railroad track at 60 miles an hour................
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