{"id":67913,"date":"2024-05-05T17:11:03","date_gmt":"2024-05-05T22:11:03","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67913"},"modified":"2024-05-05T17:11:03","modified_gmt":"2024-05-05T22:11:03","slug":"fords-120000-loss-per-vehicle-shows-california-ev-goals-are-impossible","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67913","title":{"rendered":"Ford\u2019s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible"},"content":{"rendered":"

Ford\u2019s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible<\/a><\/h3>\n
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So much for California\u2019s mandate that \u201call new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,\u201d according<\/a> to\u00a0the California Air Resources Board. It imposed the mandate at the request of Gov. Gavin Newsom.<\/div>\n
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On April 24, Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according<\/a> to CNN. The sales were down 20 percent from the first quarter of 2023 and would \u201cdrag down earnings for the company overall.\u201d<\/div>\n

The losses include \u201chundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.\u201d Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses.<\/p>\n

Californians bought<\/a> 1.78 million new vehicles in 2023, reported the California New Car Dealers Association. Multiply that number by $132,000 and you get $235 billion. That would bankrupt every car manufacturer, meaning they just would pull out of selling anything in the state.<\/div>\n
The California government would have to set up socialist, government-owned companies to make the cars, like the infamous Yugo. Dubbed<\/a> \u201cthe worst car in history,\u201d it was sold in America in the 1980s and was made by the communist Yugoslav government just before the country itself broke up in 1991.<\/div>\n
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Battery Problems<\/strong><\/p>\n

The Epoch Times also reported<\/a> that same day, April 24, \u201cFord Recalling More Than 55,000 SUVs and Trucks in Canada Over Battery Issues.\u201d The Transport Canada notice read, \u201cA sudden loss of power to the wheels or a vehicle that doesn\u2019t restart after a start-stop event could increase the risk of a crash. Additionally, hazard lamps that don\u2019t work could make the vehicle less visible and increase the risk of a crash.\u201d<\/div>\n

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…click on the above link to read the rest of the article…<\/div>\n","protected":false},"excerpt":{"rendered":"

Ford\u2019s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible So much for California\u2019s mandate that \u201call new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,\u201d according to\u00a0the California Air Resources Board. It imposed the mandate at the request of Gov. Gavin Newsom. On April 24, Ford reported […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[34491,7570,34490,16350],"class_list":["post-67913","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-evs-electric-vehicles","tag-ford","tag-john-seiler","tag-the-epoch-times"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67913"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67913\/revisions"}],"predecessor-version":[{"id":67914,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67913\/revisions\/67914"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}