The automakers who are losing money on every EV they sell must be expecting the government to bail them out. From Eric Peters at ericpetersautos.com:
The headline being the amount Ford admits it has lost – so far this year – on the “sale” of electric vehicles. Such “sales” are going to bankrupt Ford if they don’t stop making them. But Ford says not to worry; “sales” will improve by 2026 – by which time Ford (and the rest who’ve’ “invested” in “electrification”) no doubt have been told by the Biden Thing people will be faced with the No Choice option:
Either buy an EV or don’t drive anything else. The latter to be forced out of the showrooms – this is already happening – or be priced out of the EV you’re not already driving, as by “fees” (government euphemism for hand-over-money to be allowed to do something you used to have a right to do for free) few can afford to pay. They will jack up license/registration costs for non EVs, apply additional costs – until it costs more to drive a car that isn’t electric than it does to buy one that is.
This of course begs the question about who’s going to pay for all this? The answer is – all of us.
People who currently do not have car payments – because they own whatever they’re driving – will get to make payments, in order to be allowed to continue driving.
People will spend time waiting to drive, for their EV to charge. As this column has noted previously, the “fastest” “fast” chargers take at least five times as long to partially charge an EV as it takes to fully fuel one that isn’t.
This assumes you’re first in line.
People will spend time at home – because it is not generally feasible to “fast” charge an EV there. It can be done, hypothetically, if the homeowner “invests” the $15,000-$30,000 in electrical panel upgrades to make it feasible. But that is not financially feasible for most homeowners. Instead, they’ll wait the 7-11 hours it takes to “Level II” charge their EV. For which they’ll pay a few hundred to a couple thousand bucks, to have an electrician install the necessary 240V hook-up in their garage.
This assumes they can afford a garage.