- cross-posted to:
- electricvehicles@gearhead.town
- cross-posted to:
- electricvehicles@gearhead.town
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They are going to regret that. So far even with all the government interference, EVs have been a massive money loser for everyone but Tesla. Those that drag their feet the longest and wait for the next battery revolution (which will happen without automotive investment, since batteries are so useful for electronics) will be the winners.
Many European countries have passed ICE bans in the near future. China is speedrunning their EV adoption as well (remember they don’t have a sizable oil production to support ICE unless they somehow annex Russia & the Caucuses lmao). The US and GCC may hold back their ICE bans because they’re oil producers.
Electronics like phones have razor thin margins which is why all the manufacturers are pushing their own subscription service along side. Think of it like a game console - the hardware is the loss leader but you make bank on games.
There’s a big movement against that now, and the EU ICE ban has been recognized as unrealistic and has been lifted. The people are recognizing that this would represent economic suicide, and the public are not willing to give up the freedom of personal mobility or restrict themselves into living in crowded conditions huddled around public transit. I think the conflict with Russia has pushed them over the limit and demonstrated how their grid and economic structure simply can’t handle such a ban.
Electronics have a far higher profit margin than EVs, as they are profitable for every unit sold, whereas all manufacturers with the exception of Tesla lose money on every vehicle. Ford recently announced that for every EV they have sold this year, they lost $33.5K. The electronics industry is a massive global phenomenon with mobile devices that go beyond just mobile phones, and battery life is a primary selling point in the industry for these products.
Bold move
It’s interesting, companies building really good EVs seem to have no problem selling them, and are expanding production. Companies building mediocre and overpriced EVs are making lots of excuses and backtracking. It’s almost as if the quality of your product matters or something?
“TheY cAn’t get them off thE dEaler lOts”