Quote:
Originally Posted by Marcoose
For those old enough to remember the stupid, ignorant and defeated diatribes against seatbelts, airbags, converters and unleaded petrol, how they were going to bankrupt the auto industry and the economy, lest we forget, it didn’t happen.
Carry on.
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You seem to be under the impression that auto manufacturers are against this...they are not. Once brought to full scale, the margins on an EV are much greater than a comparably-sized ICE vehicle. The situation we are going to be facing is what happens when all of these companies have retooled their manufacturing facilities and invested in all this new equipment and people don't buy the vehicles because they don't fill their needs or the infrastructure isn't ready? THAT is what will bankrupt the industry. Companies of this size cannot turn on a dime. This takes years of careful planning and finance management (most of which has been thrown out the window) and getting it wrong can be catastrophic. We will know by 2025 is this is really going to work. Companies that have gone all in on EV are too far in to pull back now - it will either be a success or a massive failure.