Oh no! What a completely avoidable and predicted turn of events from some of the worst corporations to exist in modern history.
If only US automakers didn’t squander every bit of global and domestic goodwill they had in the markets over the past several decades. Who would’ve ever thought that the group of corporations that decided it was cheaper to lobby for racist protectionist policies and gaslight the world against climate change than to R&D affordable, reliable EVs would… lag behind in EV offerings when demand continued to grow (despite their best efforts)!?
Don’t worry, I’m sure the US Govt. will bail them out again. For some reason “General Motors execs need another beach house” seems to be a pretty bipartisan policy.
AFAIK they still have the engineering chops to start building modest and practical daily drivers instead of unobtainably priced and ludicrously oversized trucks and SUVs. Surrendering most of the marketshare pie to Japan, Korea and China is a choice that US automakers have made.
They keep on building huge ridiculous EV then cry that EV aren’t selling… It is like US Automakers are The Sims
Right? Make a Ford Escort EV that starts at $25,000, with a 200 mile range, that can fast charge from 25% to 75% in 5 minutes, and they won’t be able to build them fast enough for all the people who would want to buy them.
They can’t make profitable, affordable EV yet… They just don’t know how to do it.
People are like oh but the Bolt sold well and was affordable. Sure, at a loss, on a platform not designed to scale up and be profitable at high quantities.
So yes they’re building big EVs so they don’t bankrupt themselves and yes that then gives them a self fulfilling prophecy.
Edit: just to add, they’re using the learnings from these bigger, still not profitable EVs to learn how to make profitable EVs.
Chronic myopic short-term greed in the US auto industry. In its’ insatiable appetite, it manages to both remain morbidly obese as it shrinks in size.
The moment the Chinese EV plants open in Mexico, it will be game over for USA automakers
The government will pull out every stop to keep the big three afloat. It was tariffs now, but seriously expect them to pull the “national security” card on the telematics system because “it sends data back to China” and they’ll block them as long as they can.
Edit: Called it Story literally came out the next day.
As long as the CCP rules China I will never buy a Chinese EV. Or computer. Or phone.
Are there any companies other than Apple that make PCs or smartphones that do not include Chinese components?
Investors better sell legacy american automaker/oil company stocks
