socal droid
Diamond Member
Here's another thought about EVs. Ford and GM have been pouring hundreds of Billions of dollars into transitioning to EV. How do they expect to recoup that investment? Ford CEO stated yesterday that competion will drive down the price and reduce the profit margins.
Their profit margins are pretty slim with the Gas combustion cars, but they recoup the money through sustainment (servicing) of the vehicle. That won't be the case with EVs that have limited moving parts and liquids.
I would think something would have to give. Larger profit margins on the sale of the EV or continued government grants and credits.
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Their profit margins are pretty slim with the Gas combustion cars, but they recoup the money through sustainment (servicing) of the vehicle. That won't be the case with EVs that have limited moving parts and liquids.
I would think something would have to give. Larger profit margins on the sale of the EV or continued government grants and credits.
Sent from my S21 plus using Tapatalk
