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Patrick McGuire's avatar

The EV madness climate cult took a huge blow when former President Trump became incoming President Trump. I believe this literally saved the American automobile industry. Even with massive subsidies, EVs cannot compete with ICE vehicles for the huge majority of applications. Net Zero is a total dope smoke that is very bad for a car maker's health.

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Burnt taco's avatar

The energy suicide of Europe and the uk is simply bewildering. They see the folley of the entire scam and yet politicians are all in. As if some magic will happen in 2030. How the population hasn’t pitchforked their asses is beyond me.

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dave walker's avatar

Incredible decisions by the ruling class. Self inflicted self destruction of a country all in the name of an unachievable and creepy net zero agenda……. So sad, very thankful for our recent election results. 🤞

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Patrick McGuire's avatar

The EV madness climate cult took a huge blow when former President Trump became incoming President Trump. I believe this literally saved the American automobile industry. Even with massive subsidies, EVs cannot compete with ICE vehicles for the huge majority of applications. Net Zero is a total dope smoke that is very bad for a car maker's health.

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dave walker's avatar

Truth!

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Al Christie's avatar

When I was in real estate, we had a word for a rental investment that had negative cash flow (usually because of too big a mortgage) - we called them "alligators", because they would eat you alive in a market slowdown.

I'm sad to hear Nissan is in trouble. They used to be such a good company.

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Meredith Trimble's avatar

Back in the 80’s I worked with GM Truck division. We worked with battery packs of all kinds, but the concept always was for service vehicles with a predictable route schedule. This allowed for overnight charging. I think Amazon uses this concept today with their delivery vehicles. This proved to be too small of a market for GM executives as they dropped that category of vehicle. Imagine my surprise when I heard Mary Barr say that GM would be all electric by 2030. Fortunately I am now retired and fully divested of GM stock, so I will avoid the bloodbath that is coming.

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david duncan's avatar

With the exception of Tesla, all EV manufacturers and all EV divisions of ICE makers lose money. Lots of it.

Lucid and Polestar are two public EV companies with stocks trading at $2 or less. Others have already thrown in the towel. They're beautiful cars, but only a handful have been sold.

The only way forward for EVs is to allow the market to decide. Consumers will buy EVs when the vehicles are competitive in all the ways that matter to buyers. The virtue-signalers are the happiest EV buyers now. Those who can charge them at home in the garage and have no need to travel far from home are probably buying them.

Will residential buildings with parking in the basements continue to allow EVs? Or will the threat of batteries bursting into flames get them banned?

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Al Christie's avatar

Parking is already banned in some parking garages.

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