Truth about EV, page-759

The EVpush has just taken another hit as Ford supposedly loses $100,000 per EV whenfully costed. The administration can mandate all it wants butconsumers are not buying and auto manufacturers are losing a fortune producingthem. Tesla seems to have figured out how to make money, but they had to lowerprices and now will produce a lower cost car which probably will mean lowermargins. The Chinese are dumping huge numbers of very low priced EV’s into theEU and that will materially upset the whole EV push and manufacturing of carsin Europe. Biden is putting on huge tariffs now to keep the US auto industryalive. Fossil cars are here to stay for many more years, especially if Trumpbecomes president. The whole climate spending party will wind down, and oilproduction will reach new records. If Trump wins oil service companieswill boom.