Tag Archives: Electric vehicles

$3 Billion and Counting, by Eric Peters

Ford has lost $3 billion on electric vehicles and fully intends to lose even more. From Eric Peters at ericpetersautos.com:

It used to be – how much money can we make? It is now how much money can we lose? At least, that appears to be the reasoning behind “electrification” – the neutral-sounding term commonly used to describe the out-regulating of everything that moves that isn’t battery-powered – in favor of everything that is.

Practically every car company has bought in, as it were – and it is costing them, literally, billions.

Maybe, eventually, everything.

Ford just revealed it expects to lose $3 billion – so far – on “electrification.”

In saner times, the losing of $3 billion would be reason enough to pull the plug. But not when it comes to “electrification.” Ford said it expects to lose more billions – through at least 2026. And this provides the impetus to build two million more battery-powered money-losers by 2026.

Emphasis on “build.”

As opposed to sell.

More exactly, build and sell at a profit.

Aye, there’s the rub.

One can build as many of something as one likes, just the same as one can dig (and fill in) as many holes in the backyard as one likes. According to Marx, this is how “value” is created – as by labor. The flaw in Marx’s reasoning is that there may not be value to others in the labor. If Marx had been right then we could all get rich by digging holes in the backyard and filling them in again. Or by hopping up and down for eight hours every day. But we generally get poor – and tired – doing either because there are very few other people willing to give us money in exchange for our digging (and filling in) holes in the backyard or hpping up and down all day long.

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The EeeeeVeee “Mandate” From Within . . . by Eric Peters

Mandates are not the hallmark of a profitable business or investment; they are a sign that someone is being forced to do something. From Eric Peters at ericpetersautos.com:


It’s not just the government that’s “mandating” (don’t you hate that word?) electric vehicles. So are the car companies.

They are “mandating” that their dealers “invest” in EeeeeeeVeeees they don’t want to sell – because they know they are a hard sell – and also the “infrastructure” (meaning, adding – and paying for – high-capacity “fast” charging capability at the dealership) the car companies know dealers must have in order to create the illusion that EeeeeeVeeeees are useful as vehicles rather than vehicles to signal virtue.

The latter amounts to a minimum of several hundreds of thousands of dollars in “investments” – with little prospect of return. Hence the . . . what’s the right word? . . . hesitancy to make these “investments.”

Dealers know – though most won’t say – that few, if any customers are interested in spending any more time at a dealership than they have to. And they don’t have to – or have to, a lot less – if they don’t buy an EeeeeeeVeeee because they don’t have to go to a dealership for a not-so-“fast” charge. And wait there for it. They can stop for less than five minutes for gas – on their way home – and be home much faster.

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‘Zero Emissions’ From Electric Vehicles? Here’s Why That Claim Has Zero Basis, by John Murawski

EVs require a lot of energy to make (more than comparable IC cars) and that charge comes from somewhere, usually a fossil fuel burning power plant. From John Murawski at realclearwire.com:

As California, New York, and other states move to phase out the sale of gasoline-powered cars, public officials routinely echo the Biden administration’s claim that electric vehicles are a “zero emissions” solution that can significantly mitigate the effects of climate change. 

Car and energy experts, however, say there is no such thing as a zero-emissions vehicle: For now and the foreseeable future, the energy required to manufacture and power electric cars will leave a sizable carbon footprint. In some cases hybrids can be cleaner alternatives in states that depend on coal to generate electricity, and some suggest that it may be too rash to write off all internal combustion vehicles just yet. 

“I have a friend who drives a Kia he’s had for about 15 years,” said Ashley Nunes, a research fellow at Harvard Law School. “He called me and said, ‘Hey, I’m thinking of buying a Tesla. What do you think?’” 

“I said, ‘If you care about the environment, keep the Kia,’” Nunes said. 

Nunes’ advice points to the subtle complexities and numerous variables that challenge the reassuringly simple yet overstated promise of electric vehicles. Few dispute that the complete transition to EVs powered by cleaner electricity from renewable energy sources will have a less dire environmental impact than today’s gas-powered automotive fleet. But that low-carbon landscape exists on a distant horizon that’s booby-trapped with obstacles and popular misconceptions. 

In the meantime, the growing efforts by governments in this country and abroad to ban people from buying a transportation technology that has shaped modern society for the past century is prompting some electric car advocates to warn against using best-case scenarios to promote unrealistic expectations about the practicalities, costs, and payoffs of EVs. 

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10 Facts Electric Vehicle Advocates Don’t Want You to Know, by Mark Tapscott

When you look under the hood of the whole electric vehicle phenomenon, you see that they are not all they’re made out to be. From Mark Tapscott at pjmedia.com:

(AP Photo/David Zalubowski, File)
There are a host of reasons why the Left is absolutely determined to force Americans out of their privately owned, gasoline-powered cars and trucks and into unreliable public transportation and costly Electric Vehicles (EVs), none of which have to do with “saving the environment.”

The central reason the Left loves EVs is that the process of forcing Americans to convert to electric-powered transportation will destroy forever the incredible freedom and prosperity associated with privately owned gas-powered vehicles. The future will instead be centrally controlled by rich elitists and their corrupt politicians, power-hungry bureaucrats, and ideologically driven “experts.”

When Ransom Olds in 1901 and Henry Ford in 1908 sold America’s first mass-produced automobiles (the Curved Dash Olds and the Model T, respectively), they launched America toward becoming the world’s first open road society.

It took a couple of decades, but by the 1930s car ownership was virtually a middle-class staple and that meant, for millions of Americans, the freedom to go wherever they wanted to go when they chose to do so, without getting prior permission from government.

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