SHOCKER: Ford Motors Losing Billions on Electric Vehicles
(www.thegatewaypundit.com)
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Quite right you are. Yet consider this......and I have been saying it for at least 2 years that payroll loans for corporations and R&D are coming with ESG strings attached. Payroll loans are essential for providing the grease to any business to smooth out seasonal profits throughout the year. It is the forces behind these loans and shareholders like Black Rock, Vanguard and State Street that are the ones who are levering all the auto manufacturers to take this route.
EV technology is a Willful dead end. It is designed to remove automobiles off the roads. This is being done by initially shutting down (Internal Combustion Engine) ICE availability and dramatically increasing gas and diesel prices. Next, will be end-of-life (EoL) availability for ICE parts. There's seems to be a good reason why current ICE and diesel vehicles have so many on-board computers and sensors. One dealership mechanic told me that over 90% of their service on ICE and diesel vehicles is electronic related. It makes it very easy to longer provide parts as a result of EoL.... and I can assure you that the prices will become astronomical too. Finally, any ICE and diesel vehicle owners will be harassed for EPA violations. I saw this coming after in southern CA a ordinance was passed that banned working on vehicles at home.
EVs are a dead end because they will continue to be too expensive for the average American and prices will only go up. Battery technology that already exists will not be allowed on the market. In fact, other technologies for energy will not be allowed like hyhdrogen. Germany produced a hydrogen fuel cell vehicle that is not allowed in the United States.
The entire intent behind the EV is to eliminate Americans from having vehicles and forcing them to take mass transportation that will be run by TSA.