CdnFox Posted March 19 Report Share Posted March 19 https://nationalpost.com/opinion/guilbeaults-ev-fantasy-crashes-into-reality The signs were already there in late 2023, before our environment minister proudly announced he would jettison capitalist principles and create a dirigiste Canadian automobile economy. First, in September 2023, Volkswagen announced it was cutting EV output due to low demand. Then, in November, Ford announced that it too would be scaling back EV battery production due to lacklustre demand. The new year has not changed the story. If anything, the pace of automakers turning their backs on EVs has accelerated. General Motors is struggling with production woes, Mercedes Benz has delayed its EV goals and even Tesla has warned that EV sales could be significantly lower than predicted. In response to sagging demand, automakers like Tesla have cut the price of their vehicles, which in turn has cratered the resale value of their cars. The CEO of Hertz stepped down last Friday, after his bets on EVs went awry when their resale value plummeted. Consumers everywhere have taken note. TLDR - The tech is just not there. And the market is not willing to embrace the idea on it's own. Gov't is trying to force the market to do what it wants and that ALWAYS leads to disaster. Quote Link to comment Share on other sites More sharing options...
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