For those of you not familiar with what is happening with EVs, here is the latest.
From Townhall:
“On Thursday, 2/22/24, Mercedes-Benz announced it was joining other automakers, such as Ford Motor Company, in rolling back its planned production of electric vehicles — the ones the Biden administration sought to force Americans to get regardless of whether families could afford them or the U.S. transportation system could handle the switch.
Mercedes-Benz had previously announced an aggressive plan to turn its company into a major EV producer by 2025 but realized — just as Ford Motor Company did previously — that shunning gas-powered vehicles was not such a grand idea.
Now, according to the company’s leadership, its at least 50 percent EV production goal has been pushed back by at least five years to 2030 due to weaker-than-anticipated consumer interest in making the transition.”
According to Fox Business, “[i]n the meantime, Mercedes-Benz CEO Ola Kaellenius reassured investors that the company will continue to manufacture combustion engine cars and improve its technology well into the next decade” and “current plans for updates mean ‘it is almost like we will have a new lineup in 2027 that will take us well into the 2030s,’ Kaellenius said.”
“The ambitious goals of U.S. policymakers and car manufacturers have collided with reality, as most consumers still do not trust electric cars and are turned off by high prices.”
While JB can make all of the mandates about Electric Vehicles that he wishes, his mandates will not make people buy things that they do not want and cannot afford. Likewise, automobile manufacturers are in business to make a profit, and they are finally realizing what I have been saying all along … “you can lead a horse to water, but you cannot make him drink or buy an EV!
2/27/24