Race is on as carmakers shut, switch or sell combustion engine factories

The Guardian (UK) ^ | 12/27/2020 | Jasper Jolly

[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.

[V_TWIN]

The problem with these tree huggers is they’re not smart enough to realize where the other end of that charger cord is plugged into. Lol

[BuffaloJack]

Nobody will be able to give up gasoline until the electrical power infrastructure is upgraded to take care of it. They can hardly keep things running of enough electricl power now without rolling brownouts and the occasional blackout.

[Red Badger]

https://freerepublic.com/focus/f-news/3911323/posts

[Swiffer_Ralf]

Not insanity

PLANNED TOTAL SUBJUGATION of the USA.

The rest of the world is already lost.

Regards

[Governor Dinwiddie]

#1: "I am waiting for when they start sacrificing virgins to appease Gaia."

They already engage in human sacrifice to make electric vehicles possible:

• Chinese slave labor to make the batteries and components.
• Child slave labor in Africa to mine the rare earth elements for the batteries and electronics.
• American wage slaves to pay for and subsidize this insane pipe dream.

Without these slaves, electric vehicles would be prohibitively expense. In fact even now the prices for electric vehicles are beyond the reach of most average people.

[kickstart]

How efficient are those electric cars in the winter? How far will they go when it is 10F, slipping in the snow and ice, and your heater, defroster, lights, wipers, etc. are zapping your battery?

If you get stuck away from a charger, how do you recharge? Instead of a quick can of gas and a jump-start, you will need to be towed. Time to buy futures in towing companies?

[lgjhn23]

“..I am waiting for when they start sacrificing virgins to appease Gaia....”

Well, they’re already sacrificing the innocent to their mighty demonic abortion god of self; Molech.
The rest of us can’t be far behind.

[McGruff]

Imagine your electric bill when everyone has electric cars. Good thing we never have power outages. Hey buddy. want to buy a gas guzzling engine?

[ProtectOurFreedom]

And how exactly do they plan to charge all those electric cars?

How much range and speed do you want?

[Oldeconomybuyer]

Cluster [blank].

[McGruff]

I heard on Facebook that you can recharge your electric car simply by parking near a 5G cell tower.

[Chode]

since they will never have the generating capacity, will owning a car require approval from the Queen?

or will it be a lottery???

[PeterPrinciple]

Folks, this is the time to start a junkyard in the back yard. Think Cuba.

[Phillyred]

And when the blackouts come, and they fucking will, good luck with that 8 hour charge.

[PIF]

And how exactly do they plan to charge all those electric cars.

—
Each car will come with a specially bread hamster who runs on a treadmill - you are responsible for care and feeding, also for the permit to own said hamster.

[Cobra64]

It appears few have bothered to consider the tremendous new requirements for electricity and associated infrastructure.

[kjam22]

Yep...

[indthkr]

Electric Cars => fewer moving parts. Less spare part inventory to be maintained for replacements over the product lifetime.

For auto manufactureres, it's about the $$$$, not the environment.

It's the same reason railroads switched from steam to diesel.

[nascarnation]

The govt push to electric cars will come via raising the price of petroleum fuels drastically. It won’t be availability of gas cars that’s a problem, it will be the cost to operate them.

[adorno]

Race is on as carmakers shut, switch or sell combustion engine factories

Wishful thinking.

Making a statement, hoping people will start believing it, and make it happen.

Not gonna happen soon, nor in the next few years, nor in this century.

To force people to go all electric, means shutting down most or all economies. Oil is the life-blood of all economies, and electric cars cannot compete; not now, and not ever.

I might go for a hybrid vehicle though, as long as it can give me Florida to NY without having to 'refuel'.