Jan 20, 2020
‘New energy’ (i.e. electric and hybrid) vehicles accounted for just 2% of the 17 million cars sold in the United States last year. Demand in China is waning after consumer subsidies were cut. Yet with decreased demand, governments and car companies continue to push the electric revolution. Electric cars are expensive to produce and less profitable long term. And though we’re more environmentally conscious than ever, most people aren’t prepared to pay the premium if it affects their convenience or wallets. I’m all for being clean and green. The environmental issues are real. But I can’t help but think: Are legacy carmakers shooting themselves in the foot? posted on Instagram - https://www.instagram.com/p/B7iGYmrh6cH/
