Ford Reports Devastating Loss Due to Electric Vehicle Gamble
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Because the value of its Rivin investment collapsed. But here’s the take-away:
Automakers have increasingly turned their attention toward manufacturing electric vehicles as governments push aggressive green energy plans. President Joe Biden has promised to craft policies to ensure 50% of new vehicle sales in the U.S. are emissions-free by 2030 and every addition to the federal government’s 600,000-vehicle fleet is electric by 2035.
However, Rivian CEO RJ Scaringe recently suggested that the supply chain for EV batteries is still far behind where it needs to be to achieve many of the goals pushed by Western governments, the WSJ reported.
“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe said last week. “Meaning, 90% to 95% of the supply chain does not exist.”
In 8 years, the country will have destroyed our capacity to manufacture internal combustion engines and have nothing to replace them. Which is exactly the plan.
Owning a car is outdated '20th-century thinking', transport minister says - Trudy Harrison, 45, is also Boris Johnson's parliamentary private secretary - She said the UK should move to 'shared mobility' to cut carbon emissions
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Marc Morano: "You were warned! Don't be surprised when the climate agenda is successful in taking away private car ownership and use. They have literally been talking about this since the 1970s and now with the power of COVID lockdowns, they see a real possibility of success."
Flashback: Dem presidential candidate Andrew Yang: Climate Change May Require Elimination of Car Ownership – Suggests ‘constant roving fleet of electric cars’– “We might not own our own cars.”
Business Insider mag: ‘Electric vehicles won’t save us — we need to get rid of cars completely’
October 2021:Climate Lockdowns: British Medical Journal Study Calls For ‘Substantially fewer journeys by car
’Obama EPA’s Real Motive?! Flashback 1975: Obama Science Czar John Holdren warned U.S. ‘threatened’ by ‘the hazards of too much energy’- Holdren warns against "society that uses its 5,000-pound automobiles for half-mile round trips to the market to fetch a six-pack of beer"
June 2020: ‘Scientists’ warning on affluence’: Study urges banning ‘oversized vehicles’
Prepare for the Coming ‘Climate Lockdowns’ – ‘Govts would limit private-vehicle use'
