Ford faces a $29 billion EV setback as it cancels electric models, shuts down a major battery plant, and pivots back to profitable gasoline vehicles. This dr...
I don’t understand why none of the US automakers have partnered with xiaomi or byd or any of the other Chinese EV makers to do licensed production or just import and rebadge for the American market. It seems like that’s been a winning play for a few years now, you just set up a middleman in vietnam or mexico or wherever else to dodge import duties and badda bing you’re selling better EVs than Tesla at a lower price.
The government needs to pull a lot of levers before a capital solution is viable. But there is just no threat that gas prices will go up within the lifespan of the car (next 8 years), and gas prices are low relative to US income. Couple that with poor infrastructure for EVs and it’s a non-starter for the majority of americans, regardless of price.
I think there’s an induced demand that can happen if the prices get low enough, where you get a critical mass on EVs and the charging infrastructure follows. They’re just so beneficial to consumers in terms of operating costs that if you can get that initial buy in low enough you’ll find a lot of buyers are interested but who just can’t afford what’s on offer right now.
The economics make a ton more sense in Shanghi where electricty cost $0.07/kwh vs my city (san francisco) which is $0.60, almost 10x more. There’s only 2 charging stations with 8 spots each in my neighborhood of 60,000 people(!), neither of which you can park your car overnight.
I don’t understand why none of the US automakers have partnered with xiaomi or byd or any of the other Chinese EV makers to do licensed production or just import and rebadge for the American market. It seems like that’s been a winning play for a few years now, you just set up a middleman in vietnam or mexico or wherever else to dodge import duties and badda bing you’re selling better EVs than Tesla at a lower price.
The government needs to pull a lot of levers before a capital solution is viable. But there is just no threat that gas prices will go up within the lifespan of the car (next 8 years), and gas prices are low relative to US income. Couple that with poor infrastructure for EVs and it’s a non-starter for the majority of americans, regardless of price.
I think there’s an induced demand that can happen if the prices get low enough, where you get a critical mass on EVs and the charging infrastructure follows. They’re just so beneficial to consumers in terms of operating costs that if you can get that initial buy in low enough you’ll find a lot of buyers are interested but who just can’t afford what’s on offer right now.
The economics make a ton more sense in Shanghi where electricty cost $0.07/kwh vs my city (san francisco) which is $0.60, almost 10x more. There’s only 2 charging stations with 8 spots each in my neighborhood of 60,000 people(!), neither of which you can park your car overnight.