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How’s That EV Market Looking Now, South Carolina?
Palmetto State’s big bet could be a big bust…
Palmetto State’s big bet could be a big bust…
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4 comments
It’s also a shame to see what they did to those woods on Highway 101 in Woodruff for that BMW battery plant.
Every manufacturer in the EV market is losing money except Tesla: Rivian, Audi/VW, GM, Ford, Mercedes, Volvo have all slashed their production projections for 2024 and are posting huge losses on their EV fleet. Rivian halted construction on a 2000+ acre facility in Georgia, who committed and/or spent about $1.5B on the project. Fisker filed for bankruptcy reorganization in June. Apple abandoned its 16 year project to develop an EV. All this stems from governments trying to pick winners and losers in the open market and using tax dollars to push this round peg into a square hole. The warning signs of the EV industry demand cooling have been around for a couple of years, but the guys in the various states’ commerce departments have simply refused to acknowledge the facts staring them right in the face. The subsidization and mandating of EVs needs to end – completely – and allow those who want to invest their own money in these ventures take the risk and reap whatever reward or failure may come of it.
America, the power grid, the roads, and the people are not ready for EVs. Especially when the government proposes it, it was not well thought out. If we all bought EVs tomorrow we would have rolling blackouts for days on end, and really skyrocketing electric prices. They pay no road tax because that’s in the gasoline tax, extremely heavy and damage the roads and bridges, dangerous vehicle fires, and not reliable under extreme cold or heat conditions. Just another stupid idea from the clueless government. And the government is subsidizing this stupid idea. That should tell it all.
America, the power grid, the roads, and the people are not ready for EVs. Especially when the government proposes it, it was not well thought out. If we all bought EVs tomorrow we would have rolling blackouts for days on end, and really skyrocketing electric prices. They pay no road tax because that’s in the gasoline tax, extremely heavy and damage the roads and bridges, dangerous vehicle fires, and not reliable under extreme cold or heat conditions. Just another stupid idea from the clueless government. And the government is subsidizing this stupid idea. That should tell it all.