EV Dreams go bust

[Hamloc]

Article in the Financial post. Stellantis takes a write down of $26 billion USD on its EV division. Ford has taken a write down of $19.5 billion USD on its EV division. GM has taken a write down of $7.6 billion USD on its EV division. And yesterday Mark Carney put stricter emission regulations on passenger vehicles instead of Trudeau’s EV mandate but really just a mandate by another name. He is still talking 75% EV’s by 2035. Always amazes me how tone deaf governments can be.

[chuckChuck]

You forgot about the federal rebates and investments in charging infrastructure. And LG purchased Stellantis share of the Ontario battery plant as it is still going ahead.

The big 3 are pulling away because of Trump's tariff stupidity and China and Europe are filling the void.

The future is EVs and the big 3 will be late to the game because of Trump losing the innovation race.

There is no reason to side with Trump who is so opposed to manufacturing in Canada. He will be a lame duck in a few months and gone in a couple of more years.

Car companies can't afford to ignore the EV revolution.

[Hamloc]

You forgot about the federal rebates and investments in charging infrastructure. And LG purchased Stellantis share of the Ontario battery plant as it is still going ahead.

The big 3 are pulling away because of Trump's tariff stupidity and China and Europe are filling the void.

The future is EVs and the big 3 will be late to the game because of Trump losing the innovation race.

There is no reason to side with Trump who is so opposed to manufacturing in Canada. He will be a lame duck in a few months and gone in a couple of more years.

Car companies can't afford to ignore the EV revolution.

Well let’s see, under Trudeau we had EV subsidies, didn’t work. Under Trudeau money was invested in charging infrastructure, didn’t work. Mark Carney doing the same thing expecting different results. Trudeau 2.0. As far as Europe goes, same article, Porsche as an example has walked back their EV sales expectations 4 times in the last year. And yup lots of EV’s sold in Norway, the government practically buys the car for you and geography dictates abundant cheap hydro power.

I wouldn’t call it an EV revolution. I would call it a government dictated juggernaut!