By: Diane Benjamin
I love reading a site called Michigan Capital Confidential. It isn’t run-of-the-mill boring news, these guy actually investigate. Most of their investigations pertain to Michigan, but a lot of what they find applies to politics in Illinois too.
A story today mentions Rivian and Ford’s investment. The bottom line is: Unless government subsidizes the purchase of an electric vehicle the public won’t buy them. California is talking HUGE subsidies because even their “green” fruit-loops aren’t buying them. Your tax dollars at work!
Last year, Ford announced it would invest $11 billion in EVs by 2022. It also announced it would invest an additional $500 million in the auto technology company Rivian to produce an all-new electric vehicle. Ford has committed to producing 16 fully electric “plug-in” vehicle models and 40 hybrid electrified models through 2022.
But over the past few years, Ford’s electric car sales have declined significantly. In 2018, the publication Inside EVs reported that the auto giant’s EV sales have fallen from more than 3,000 plug-ins a month to less than 500 a month. While at one time Ford offered three plug-in models, it now sells only the Fusion Energi. Sales of the C-Max Energi and Focus Electric models have dropped to almost zero. Bergg did not comment on why Ford believes its new line will be more successful.
“The interests of greens and automakers like Ford are diametrically opposed,” said Henry Payne, an auto writer and longtime industry observer at The Detroit News. “Greens want government to dictate to consumers what they must buy; automakers must respond to market tastes to make a profit.”
Even the huge subsidies offered by progressive California have failed to persuade drivers there to swap their petroleum-powered cars for ones powered by batteries. The Sacramento Bee found that roughly 600,000 electric vehicles are being used in the Golden State — out of a total of 25,646,228 automobiles currently in use. In an effort to encourage Californians to make the switch, Assemblyman Phil Ting, Democrat from San Francisco, has introduced a bill to increase the state subsidy for purchasing an electric car. The rebate would go up to as much as $7,500, a jump from the current rebate of $2,500.
If Ford can’t sell their cheaper electric cars, why would Rivian’s expensive vehicles sell?
Read the whole story here: Green Groups Politicians Media Love Electric Cars – Consumers Cold On Them