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 ...
“200 miles on a charge. 8 hours to do a full charge. This is not about getting rid of green house gasses. This is about controlling people.”
Exactly. Nothing but a push to ensure you can’t go anywhere.
Citation?
They have no problem killing babies.
Rationing. Government will have full control to limit your use of your EV.
All those companies that moved manufacturing back to the US will regret it.
All those companies who were in the process of moving plants back to the US will stop.
Any company considering a new manufacturing plant and investment in the US will be hesitant due to the probable regulatory and tax environment.
How will any of this will make a difference to global temperatures?
Ask yourself who benefits - America or China?
Even with the draconian anti carbon rules that are coming, those car manufacturers who offer a good line of vehicles with internal combustion engines will be very profitable.
you know... just put “how far do electric cars go on a charge” in your bing search engine. (don’t use Google for anything) Then pick the citation of your choice?
They’re all lining up for huge byedone giveaways.
X-car......................
“How soon will they be demanding electric airplanes, helicopters, ships and tanks? The possibilities are endless, especially for libtards.”
Eventually - battery powered electrical generating plants. There is no end to the lunacy.
Come on Jeff, do your own research.
LOL! Liberals never worry about the small stuff. All just supposed to magically happen.
There is not enough electric power generation - not NEARLY enough - to support an all-electric fleet - and there never will be.
“And how exactly do they plan to charge all those electric cars.”
That’s EASY ! Just plug it in ! /s
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.