Don’t forget those lithium battery fires that blow up when you least expect it!
Despite the Biden administration’s pressure and patronage, the Ford Motor Co. recently announced it had lost $4.7 billion on EV’s in 2023 (https://redstate.com/benkew/2024/02/07/ford-announces-billions-in-losses-on-electric-vehicle-range-worse-than-even-expected-n2169794). They had predicted a loss of $4.53 billion, so this was worse.
Never mind! says Ford’s CFO: “We’re moving in the right direction.” The quote brings to mind Custer at the Little Bighorn shouting “We’ve got ’em now, boys!”
Meanwhile, General Motors has abandoned its plan to manufacture 400,000 EV’s by mid-2024.
My prediction: most people will cling to their gas-powered cars as long as they can, rather than spend a fortune on a new electric car.
Remember–this is being done for an altogether silly made-up reason: Electric cars, dangerous and costly lithium batteries and all, are needed to fight Climbit Change!
Never mind Climbit Change. We need regime change.