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Electric Vehicle Boondoggle: Ford Motors Loses US$132,000 Per Electric Vehicle
Related: electric vehicle, follow the money, follow the self-interest, laundered ideology, virtue signaling
re: electric vehicle
re: climate science
re: follow the money
re: Even Massive Government Handouts Cannot Fix the Reality of “Science Fair Project” Vehicles
re: WSJ: The Electric-Vehicle Cheating Scandal
re: Green is the new Brown: ‘The War Below’ Review: Digging for Minerals
re: ChatGPT: Calculating EV Charging Power Requirements
re: Mercedes eSprinter, GM EV Trucks: Science Fair Projects Requiring Fantasy Infrastructure Buildout
re: The Hertz Meltdown Reveals the Scale of the EV Debacle
re: The Norwegian Illusion: EVs Are Not More Energy Efficient
As in: We lose money on every sale, but we make it up on volume.
re: Electric Vehicles: a Multi-Pronged Menace with Few if any Benefits?
Ford's $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible
$$$figure in headline vs text are in conflict, but $132K and $120K are esssentially the same thing.
2024-05-01
On April 24, Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”
The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses.
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Battery Problems
“The effects of cold weather on car batteries start to become pronounced when the temperature drops below freezing for an extended period,” explained United Tire & Service. “At a temperature of 32 degrees Fahrenheit, your battery will lose about 30 percent of its power. Your battery will continue to get weaker as the temperatures get colder. In fact, your battery will lose about 60 percent of its power at 0 degrees Fahrenheit.”
In Montreal, the average low temperature in January is 10 degrees Fahrenheit. In Edmonton it’s 8 degrees. Most of California enjoys the balmiest weather on earth. But in January 2023, the temperature around Bridgeport, near Yosemite National Park, dropped to minus 27 °F. In such areas, EVs are almost completely useless except for rich people in the summer.
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WIND: every business requires up-front investment, but this seems way out of line. Still, in a growing market.... oops! They could probably give them away, but it’s not a lot better than that. Not a growing market, a shrinking one.
Does this $132K loss per vehicle include the lost opportunity cost of pursuing proven and useful techologies? What a great way to kill a company.
No one wants an EV except rich people (toys and/or virtue signaling) and/or those who live in a fantasy world and/or those who are propagandized into obedient drones.
I’ll grant that as virtue-signaling toys in my town and in nearby Menlo Park and Palo Alto California they are all the rage—for the well-heeled—who don’t think twice of buying the high-end models with larger batteries so as to put on 10-15K miles a year, with the Mommy Brigade driving to school when they could walk safe tree-lined streets under a mile instead. These are not serious people!
The cold weather issues are ridiculous. I previously calculated that to make an eSprinter viable for my usage, it would need a ~3 megawattt battery pack—26X larger than it has. It would weighd 20,000 to 25,000 pounds. But I did not take cold into consideration—and I travel mostly when it is cold—make that 4M megawatts and 28,000 pounds and 2 weeks to charge it just once at most RV parks. It does not get any stupider.
Electric vehicles are a horror show of negatives. Those who buy them are freeloaders, participating in the wholesale financial slaughter of the working class while exporting a nasty environmental impact overseas.
Electric vehicles and their associated massive (10X greater than ICE vehicles?) materials input along with 'green energy' projects are a massively destructive science fair project, causing widespread environmental calamity (raw materials sourcing), taking enormous amounts of energy up-front not likely to ever be reclaimed over the life of the vehicles. They solve nothing while degrading quality of life for the rest of us in small invisible ways like toxic levels of particulate matter and severe road damage—none of which is factored in nor are many other serious negatives. And then there is the impossible charging situation.
The electric vehicle hoax is all about follow the money—a huge grifter industry has arisen. It is immensely influential and powerful. Money flows from those than earn it to those that profit, which not only no benefit, but massive harm.
