isayporschewrong t1_jdn0vtu wrote on March 25, 2023 at 4:47 PM

Reply to comment by Badfickle in Ford says EV unit losing billions, should be seen as startup by EW234

> If legacy doesn't get its act together and fast a bunch are going out of business.

How exactly are they going to go out of business? Do you not understand how auto manufacturers make profit?

Badfickle t1_jdn9d6m wrote on March 25, 2023 at 5:47 PM

It is remarkably simple. Sales of your profitable ICE cars implode while you are still unable to mass produce EVs for a profit. Something which only Telsa and BYD have managed so far.

Not everyone is going to successfully make the transition. There will be bankruptcies, government bailouts and or mergers along the way.

isayporschewrong t1_jdnalnt wrote on March 25, 2023 at 5:56 PM

I guess what I'm struggling with here is the "sales of your profitable ICE cars implode"... I might be missing some legislation that's been passed recently, but why is this going to happen?

Badfickle t1_jdnv0dr wrote on March 25, 2023 at 8:22 PM

As EV prices continue to come down it will no longer make economic sense for consumers to purchase ICE vehicles.