Ford to lose $3 billion from EV sales to consumers this year | CNN Business

2ºMike Saier One of the fundamental errors in your reasoning is that you imply that current-state (or, more correctly, your view of current-state) is future-state.
Literally hundreds of billions of dollars are being invested in storage technologies and charging infrastructure to address both driving range and recharging time. And generating onboard energy from fuel cells is also a possibility.
As to your point about renewables as a share of our overall electricity sourcing: today it's at 40%, as you say; in 2010 it was only 10%. If someone told you in 2010 that renewable energy output would quadruple in a little over a decade, what would you have thought?
The power grid expanded dramatically to power companies like Google and Facebook - each of which are among the top electricity-consuming companies in the world; and that's not to mention the hundreds of millions of computers that also use electricty. The power grid expanded for web/internet needs, so why wouldn't it expand to handle EV charging as well? Both public and private funds are going into upgrading the electric power grid.
Regarding Ford: they have a lot of catching up to do relative to Hyundai, the Germans, and especially Tesla. Those companies produce cars that many people do find to be practical. An EV is not practical for me yet because I often take long road trips. The car I buy this year won't be an EV for that reason, but I expect that my next car will likely be.
As I said - today is not the future. Transforming the global energy and transportation industries doesn't happen overnight. Follow the money. It's going toward EVs and toward renewables in general.

3ºVehicle prices are crazy. Add the interest rates and depreciation. To make it affordable they have to extend the financing terms.

I watched a financial show a few years back. They said extending the terms to 6/7/8 years was going to be a killer. Add that the quality of the vehicles aren’t what they used to be.

People were going to be in negative equity positions.

New problem is that because of this car dealers are in trouble with used stock as well. All the lease vehicles they were expecting to come back and go new aren’t coming back. People are buying them because the buyout is a better deal.

Watch the auto shows and the used car dealers are having issues finding inventory.

Every two weeks I am getting emails from dealer about trading in. I ignore them as I have less than a year on payments. Why would I want to go on hook for another loan of 5 years

4ºIsmael Gonzalez did you see anywhere in the article that the government was involved beyond setting mileage and pollution guidelines?

It's the car manufacturers that are increasing production of EVs because they believe that is the direction the market will take in the future.

And let me ask you something about government involvement:

1. The market has been turning away from coal for several decades. Banks no.longer want to provide loans to coal producers because they don't believe coal has a future. Yet the government gives the coal industry direct subsidies of $4 billion per year. Shouldn't the government cease those subsidies and just let the market take its course since the governmentshouldn'tbe involved?

2. The government provides direct subsidies to oil and gas corporations to the tune of $16 billion per year. These corporations are making record profits on their own. Shouldn't those subsidies be ceased since the government shouldn't be involved?

5ºComments in this thread demonstrate that there is significant overlap among the people who know little to nothing about EV technologies and renewable energy in general and the people who know little to nothing about the automotive industry and about business in general.
It normally takes new business ventures of this size several years to turn a profit, and Ford is no exception. Their executives and investors understand this, and these results were expected.
BTW, what kind of American roots against a company that employs, directly or indirectly, millions of American workers simply out of spite? What kind of American would rather stay captive to countries that have demonstrated their hate for us many, many times over the years, rather than find new ways to power our economy and tell the Russians, the Saudis, etc., to eat their oil? Especially when our biggest economic competitors are looking for cheaper, more plentiful energy sources? Just curious.

6ºUntil all these so called climate warriors like Kerry, Biden, Hollywood types, liberals, etc get rid of their gas cars, turn their homes electric and use solar panels normal people won’t by these cars or support these changes. They only get about 240 miles per charge. That is if you don’t use the heater or air conditioning which reduces the mileage you get. Also if it is cold the battery loses power. Batteries last about 10 years and costs about $10,000. The home charging system only lasts 10 years and will need to be replaced. As states and federal government losses money because the federal tax on gasoline is reduced they will tax electric cars for mileage traveled. Rules for thee but not for me is the slogan of the liberal, rich and famous.

7ºAl Logiodice "It normally takes new business ventures of this size several years to turn a profit, and Ford is no exception. Their executives and investors understand this, and these results were expected."
Nope. Not the problem. The problem is that EV's by their very nature are not practical. The charging infrastructure doesn't exist. The range is not good enough and even if you do find a charging station you need to sit there for hours. The other basic plain fact nobody wants to talk about is we don't generate enough electricity to power a fleet of vehicles to run a 22 trillion dollar economy. We don't produce energy. We can only transform it or store it. Currently the vast majority of electricity comes from fossil fuels at 60%. Next it wind and hydro at 17%. The other 23% is from all other renewables combined. YOU should do some research before you state something like " significant overlap among the people who know little to nothing about EV technologies and renewable energy in general and the people who know little to nothing about the automotive industry and about business in general."
Want to prove me wrong? Go ahead. Invest your entire net worth into renewables. I'll be over here burning coal, gas and natural gas.

https://www.eia.gov/tools/faqs/faq.php?id=427&t=3

8ºVince Frank so let's look at your claims:

1. You say the "technology...isn't available yet". Perhaps you should take a look what's driving on the roads: do you see those Tesla, Lucid, Toyota, Ford, Chevy, BMW and Mercedes EVs? Don't they exist? Don't you see the charging stations being built? Don't they exist? Have you seen the increasing market share of EVs? So, yeah, the technology exists - and its getting continually better - and cheaper.

2. When the indepent media talks about human caused climate change it's quoting peer-reviewed environmental studies done by actual scientists. That's what the independent media should do. It's not the media's job to filter the news through a political filter in order to give you the answer you want. If you want partisan propoganda watch Fox or Newsmax or OAN. And looking at your page I see no indication that you are a scientist nor have the educational or professional background to say that EVs will "more than likely won't do anything to save the planet...". On what scientific data do you base that claim? Please tell me your not basing your opinion on junk science studies that were funded by oil company lobbyists.

So you don't want activists to influence the government? Ok, how about the government being influenced by corporate lobbyists? Are you aware that the government gives oil, gas and coal producers direct subsidies totalling $20 billion per year - and these corporations are raking in record profits? Is that what you mean by activists?

In the end, can you explain how EVs will hurt you and why you are opposed to them?

9ºIn search of the Fake News.. they never publicly demonstrated that it was false.
Fortunately, CNN, Washington Post and the American judges say that it does not exist..
Illegal chips were discovered according to this article in the voting machines - and a lawsuit was opened by the manufacturer who considered himself defamed.
The manufacturer won the defamation suit, which does not show that the facts are false, he is just defamed in his honor, and is perhaps not responsible for the possible installation of these communication cards by others.
This lawsuit won by the manufacturer prevents asking for more explanations from the courts on the reality of the presence of these telecommunication chips in the voting machines, which could have been put without the approval or the responsibility of the manufacturer.
The politicians say that since the builder won this lawsuit, taking over the case would be a waste of time.
I would like to know if it was a waste of time to retry black prisoners who were then exonerated, by dint of political pugnacity, when their lives had been wasted.
Where is the waste of time in matters of justice?
Would we waste time retrying the convicted person in the George Floyd case, given the fact that the judge dismissed out of hand an official analysis showing a triple dose of lethal drugs taken by the victim, whose side effect is precisely suffocation, and discarded the viewing and analysis of a video by telephone showing the victim standing without anyone touching him next to his vehicle, saying that he could not manage to breathe ?
The wrongdoing was publicly portrayed as racist, but was a single racist sentence uttered during the incident? What are the accepted police methods around the world for an average-sized police officer to effectively and unarmed block an already muscular colossus? known to the police?
Why those responsible for their professional training, their professional monitoring and the hierarchical superiors of the convicts were not worried, while knowing that the heads of the Minneapolis police, and that the city's mayor and the governor of the state, are all democrats and responsible for the daily actions of their police, including the possible racism denounced by their police?
And why do we see the judge, on video, screaming and almost threatening the paralyzed and trembling jury, in a dazzling non-neutral committed diatribe, where none of these aspects of the case are really debated? Where was the place of doubt?
Where is the waste of time in the search for the truth?
Look at the many examples, sometimes it takes years, and many file resumptions.
So nothing has been demonstrated, hoax or not, we will not know more.

Neither in these questions about fraud, nor in the Georges Floyd case: justice is blocked at the first court decision, taken each time in the fervor of enormous political pressure.
Conspiracy exists, but I don't see any conspiracy syndrome in these questions.

https://letsfixstuff.org/...LzfDsxunygkcDzo

10ºGlenn Weatherford Of course we needed the Saudis and the Russians then. And we've needed the Saudis for the past century. "Energy independence" is a popular GOP fiction. The oil that is pumped in the US doesn't belong to you or me. It belongs to the oil companies. And they sell the oil to whoever they want at the top price available. If the Saudis were to shut down production, prices would go up around the world. And our oil companies would sell our oil to the highest bidder. And we would be in a massive shortage. Look at gasoline. The US is one of the top gas producers in the world. We produce far more than what we need; in Republican-speak, we are gasoline independent. So why did gas prices spike last year? The US still produced far more gasoline than we needed. But the gasoline refiners continued to export to where they could make the most money; thus, we had shortages in the US, and prices rose.
You aren't under any obligation to buy an EV, so don't. But GM gets to decide what to build to maximize their shareholders' profits over the long term; that's just capitalism.
As for CO2, etc., you're just wrong. No sense arguing about it.