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 ...
Exactly. Nothing but a push to ensure you can’t go anywhere.
Bringing us back closer to the pre-railroad days of transportation.
Ride our "electric horse" a couple of hundred miles, and stop for the night at a tavern while our steed recharges on "hay and oats" coming from a long ways away transported on wires with resistance and reactance losses, from a "field" of coal, oil or gas.
That's what peaking stations run on, as there's no sun at night, when most folks will be recharging their cars.
Oh wait! Due to the lockdown most of the taverns have gone bankrupt and no longer exist.
Her twisted logic was that the excess energy went to the grid during the day, so she was just getting it back at night. I asked her where the batteries were that stored her energy for use at night. She had no clue. I said her energy she produced during the day and sent to the grid just reduced the needed load on the production at that time, and that it was still natural gas charging her car at night. Unless she also had a Tesla Wall.
I think we know what a hybrid is, no need to explain it.
What it isn’t is cost efficient.
“ the max ever during the Mesozoic epoch was 2,200 ppm (during the Jurassic period.”
I remember that time.
I felt winded all the time. The @&$0@ velociraptors thrived in it, and almost got me. I had 3 very close calls.
I remember seeing Nancy Pelosi very close to the raptors having an intense conversation one day.
Found out later she cut a deal with them. Betrayed her closest friends in exchange for not being raptor bait herself.
makes one think that the amish have been on to something all of this time...
Current bmw will be my last. Too much focus on electric, new cars suck.
Have we forgotten Little Jimmy Carter and his damn gasoline rationing?
Everybody is thinking pre Covid 19 re driving to work and to buy stuff.
My wife and I have been checking on our siblings, cousins and friends the same age. Some are retired and some still work, all from their homes.
Most of us since the middle of March have driven less than 150-200 miles.
We have bought 3 half tanks of gas for my wife’s Lexus and one half tank for my Ridgeline. We destroyed one battery before it was a year old. AAA told us to drive at least 5 miles every 5 days.
Few, if anyone will be working in an office from now on. They will be doing their work on line. You don’t drive much doing that.
Friends, relatives and a Costco 2 hour delivery guy told us the roads over this weekend were basically empty.
The big shopping center in Concord had very few cars in the parking lots as per a DIL and her adult kid.
Of course not being able to have good lunch inside a nice restaurant has minimized a lot shoppers.
In the winter, who in N. California wants to eat outside in a tent on a parking lot by a formerly good restaurant.
The ability to live anywhere and work online is driving up property values in N.California and the Monterrey area. No one moving in, is commuting. They are working on line.
One of our GK’s is on break from his college, and the HVAC company he worked for this past summer has installed a full office in his home in a spare bedroom. “He returned to work today after eating breakfast, he took his coffee mug and walk upstairs go into his new office and started to work.
One of our Sil’s back in the mid west is having cancer outpatient therapy. Her husband told her bosses, no more commutes. They put in a better office at her home. It has worked out so well, a couple of people who helped her at the office now have offices in their homes.
One of my nieces and her husband, now run their sales territories from their home office. Their kids are back in private school after months of online school.
If and when my wife’s Lexus dies, or we get an offer we can’t turn down, she may decide on a Pius or a Lexus Ecar.
We have several friends in our age group, considering selling their cars and using Uber when needed.
So I shouldn’t have purchased my new F-150 with 475hp/570lb torque capable of pulling over 13,000 pounds for my Christmas present to myself then?
I recognize that car. It’s a Chevy Citation. I’ve never owned one, know one person who did. Worst POS GM ever made and that’s saying something given they’re the same label that gave us the Chevy Vega with the iron duke engine and the Chevy Malibu Maxx. Ugghh.
The linked article mentions that the Chevy HHR had much better road manners. I didn’t realize the PT Cruiser was known to have such shortcomings in drivability. The PT Cruiser was better looking than the HHR in my opinion but apparently the HHR was the better vehicle. It is interesting to learn they were both styled by the same guy. I always just figured the HHR was a shameless near copy.
Any time on
bringatrailer.com
The switch from steam to diesel locomotives was made because of the decreased maintenance costs of diesel. That's what we were comparing it to.
PT Cruisers also suffer from bad front end components.
I have seen more than one on the side of the road with a front wheel sticking out sideways...................
Get a trickle battery charger for your cars and drive your car when you want to, not that 5mi/day per 5x /week. That is really bad advice. Total waste of gas and time. Also, the greatest wear on your engine is at starting.
So I shouldn’t have purchased my new F-150 with 475hp/570lb torque capable of pulling over 13,000 pounds for my Christmas present to myself then?
+++++++++++++++++++++++++++
You did exactly the right thing.
Elon Musk and Akio Toyoda (of Toyota) have both said that electric cars are dead ends given the current electric generation and delivery infrastructure. I predict showrooms full of unwanted electric cars in 2030, with the used IC engine-powered car market booming.
More like a standby IC generator operating at a constant rpm to charge the battery. The engine is not connected to all electric drive train in this implementation. Mazda, for instance, is working on a very compact rotary engine optimized for this purpose.
I love electric cars.
However, you operate on a farm from home. Wording here is key. You may be able to manage a farm from home, but you can not operate on it from home.
That still requires gasoline and/or diesel currently. Eventually, batteries will power all that stuff too. But for now, battery capacity is not there.
Also, batteries can’t allow me to tow a relatively small enclosed trailer 250 miles uphill either, even on two charges.
But if you are served by a Sedan, Tesla is the bomb. Driven one, it was impressive, and it is saving its owner tons of cash. And they bought it used, so it did not break the bank.
When pickup trucks go electric, whether it be “fuel cells” or batteries, you will see electric cars truly revolutionize the world. I think fuel cells is where its at.
Turns out hydrogen cars are not nearly as deadly as we were led to believe. Gasoline is much more likely to burn folks up, and that is very unlikely in most small car accidents nowadays.
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