Want to create an interactive transcript for this episode?
Podcast: Cascade CounterPoint
Episode: QP: EVs = Bad Business
Description: Electric Vehicles are bad business. To boost sales in a market lacking a competitive edge, the government has stepped in with subsidies, tax breaks, and rebates as well as a mandate requiring 35% of all new sales be zero-emission vehicles. The government is replacing competitive prices and market performance with an ideology.
In an attempt to maintain sales and meet the mandate, Ford has been price slashing causing them to lose $1.32B on their EV business just in the first quarter of 2024. Ford lost $65,272 per EV sold, the cost equivalent of a Mercedes Benz E-class sedan.
Los...