Reality check on electric cars
- Thread starter Stringfellow Hawk
- Start date
gfm7175
Mega MAGA
Actually, my ICE vehicles tend to get MORE MPG than the window sticker shows. Meanwhile, EVs have MUUUUCH less "range" than advertised.
Actually, you can add a little bit on that figure if you don't pound the shit out of it. For instance, my 2011 RAV4 is rated at "21 MPG city, 27 MPG highway". I regularly average the highway rating, and have even averaged 30 MPG with more highway driving than city.
Because EV dealers should at least be honest about their product. I personally wouldn't be bummed if it wasn't "exaaaaactly 100%", but when it's MUUUUUUUCH less than advertised, like it is with EVs, then I would be livid. I don't enjoy being lied to.
"Profits at the German auto giant Mercedes plunged on Friday as sales of its slick new range of electric vehicles (EVs) went into freefall. Porsche abandoned its sales targets for battery-powered cars amid waning demand from customers. Ford is losing nearly $50,000 (£39,000) on every EV it sells, while Tesla’s profits dropped 45pc. Meanwhile, battery manufacturers such as Germany’s Varta are getting wiped out. Over the last few days, it has become clear that the EV industry is on the brink of collapse. Hundreds of billions of euros, dollars and pounds have been pumped into this industry by political leaders and the subsidy junkies that surround them – and it is surely time they were held to account for the vast quantities of taxpayer cash that has been wasted."
Into the Night
Verified User
The Democrat party is a conspiracy, Sybil.
Into the Night
Verified User
What market, Sybil? The EV market is crashing!
The Ford EVs cost 54 K. How can they be losing 50 K on each one? The profits on new cars do not show at the beginning. They have to recoup their startup costs. That is an enormous layout.
gfm7175
Mega MAGA
I don't know where you got this number from nor what you think it means.
If you actually understood how a business operates, then you'd understand how such a 'loss' value is possible.
"The profits" (on EV sales) won't show up at all if they are losing $___ on each EV.
T. A. Gardner
Thread Killer
Ford is losing by their estimation, $100,000 per EV sold. Their ICE vehicle sales and government subsidies are used to make up for that loss.
Here's the Staggering Amount of Money Ford Loses on Each EV It Makes | The Motley Fool
In Ford's ambitious push into EVs, the company is losing a staggering amount on each vehicle.
www.fool.com
Ford Lost $130,000 on Every EV It Sold in the First Quarter
The Blue Oval reported an 84 percent drop in revenue in its Model e electric division.
www.caranddriver.com
Into the Night
Verified User
Nope. They cost $104k. They sell for $54k.
The rest is subsidies from the government that are not reliable.
Into the Night
Verified User
He's not taking into account the cost of producing that $54k car.
He actually thinks it costs ZERO dollars to produce a car!
When you start a new car line, you have dumped a billion or so to start it up. You lose money until you have sold enough of them to pay back those costs. If you stop making them ,like they did with the Edsel, you never show profit. EVs will be profitable. They are the cars of the future .
T. A. Gardner
Thread Killer
The Edsel was a failure because it used lots of iffy technology in the design that was immature along with poor timing in the economy.
That is not the point. It was expensive for Ford because they never recouped the startup costs. They burned a lot of money making a big car when small cars were the way to go.
The EV is the car of the future. It will make them a ton of money.
T. A. Gardner
Thread Killer
So you agree.
