Government incentivizes and government disincentivizes, that is the power of government. But force does not a relatively free market make.
"Lucid Motors, headquartered in California, sells four EV models, ranging in price from $74,900 to $249,000, according to its website. The company reported a net loss of $630.9 million in the third quarter, excluding its overhead costs, which comes out to a loss of more than $227,000 on each car it sold, according to its financial filings and The Wall Street Journal’s calculations.
Lucid is far from the only EV manufacturer that is losing money on its vehicles and dealing with tepid consumer demand. Rivian, another luxury EV manufacturer, lost $33,000 on each car it sold in the second quarter, and Ford, a legacy manufacturer, expects it will lose more than $4 billion on its EV operations this year alone."
Totally and absolutely unsustainable. In the end the American government is probably going to have to bail out the American car companies that they have essentially forced by this particular administration to go electric. Forced by government without much concern for the actual market and the actual customers that actually look at, evaluate and buy things.
Remember as per the WEF and the Green New Deal, carbon footprint Leftists and those administrations in the world who are on board with their edicts related to your future:
"In the future you will own nothing, and you will be happy", so is there really anything to be concerned about? Nothing to see here.
Are you paying attention yet America? JGL 11/11/23