Bloomberg Expert Reveals the Shocking State of the Auto Industry

[@J0stAn0therJ0hn]

just make a product people want without relying on the government to force people to buy it.

[@perdst]

@@J0stAn0therJ0hn what are they forcing you to buy?

[@seymorefact4333]

GOVT BAILOUT, SUBSIDIZE, LOW INTEREST LOANS....they OWN YOU when you accept govt CHEESE!

[@Jeez001]

Government is isn’t force people to buy it and isn’t the reason ford made shitty Gas trucks which required recalls..

[@wadereynoldsgm]

The federal government is cumulatively regulating away choices, effectively controlling the industry instead of allow the free market to run itself based on consumer needs and wants.

[@danharold3087]

The last time that happened was about 1970.

[@opencarry3860]

The most reliable cars that I owned were my two Saturn SL2s. They were simple, easy to work on, and the polymer body panel were awesome.

[@bryaninnc5511]

💯 agree. We loved our SL2.

[@crlaw75]

I miss those kind of vehicles, not like the overpriced, overtech junk today.

[@ryanwalters6184]

Amen. Amazing car

[@dj1111s]

Still own and drive a 2000 SL2. 168,000 miles. Manual trans.

[@mike9132]

Its not just price, if you are a renter, or live in an apartment, you probably can't charge at home. Most don't have garages, and even if the apartment building had a couple chargers, its not going to service all 100+ units to charge overnight. If you live in a big city like NY, forget it. Hybrids make the least sense to me, you pay extra to have extra maintenance issues associated with having both a gas engine and an electric motor. This is according to Consumer Reports who tracks these issues. They both depreciate like a rock be prepared for sticker shock once again when you trade them in on a new model once the battery is out of warranty.

[@danharold3087]

We have seen a peek into how an apartment complex could handle charging the EVs. Inductive charging along with self driving. Each car in turn with autonomous drive to the inductive charger and return to its parking slot when charged. The system tells the manager how many EV renters he can have based on the number of installed inductive chargers. In the US Battery warranties are generally 8 year 100K miles. Some 150K and all must have 70% of the original charge.

[@mike9132]

@danharold3087 could handle and do handle are very different things. Let me in 10 years once it's widely available. Until then, no dice.

[@danharold3087]

@@mike9132 The technology to do this exists today. All that is missing is the programming which is not difficult.

[@mike9132]

@@danharold3087 you're missing the point. I don't doubt it's possible someday. Anything is possible if you throw enough money at it. But it does not widely exist today. Name one city in America where there is more than one apartment complex that has 100+ inductive chargers. Or even 10 mobile units that magically move around and can charge all EVs on the market. I'll save you the time because there isn't any. The cars themselves don't even have inductive capability. Why would I buy an EV that I cannot charge at home today? It would be useless after 1 or 2 days.

[@danharold3087]

​@@mike9132 Have you see Tesla owners summoning their parked cars. This is the basis for making this work. The charging tech has been around for a decade. Sometime it just takes putting the parts together to make things work. As I alluded to it is the cars that move to the chargers without a driver. Someday is about 2 or 3 years.

[@patrickchubey3127]

What people WANT are giant, expensive gas guzzling pickups and SUVs ... what people NEED are smaller, fuel efficient gasoline powered sedan cars ... what manufacturers are pushing are pricy electric cars that most people don't want. Is anyone surprised with what's going on now?

[@capnkirk5528]

"What people are TOLD they want" ...

[@dave3657]

Not all people buy what they want, many times people buy what’s on the lot.

[@kevinberta8741]

What will tow my trailer and skid steer? What will tow my boat? Not sure a fuel efficient sedan will do the trick!

[@phelmersaid701]

The contradictions are amazing, right? People want it all, all the time.

[@patrickchubey3127]

It won't.

[@begelston]

We'll end up like Cuba where everyone keeps and repairs the old cars forever because new cars are only affordable to an ever shrinking segment of households. Clearly this wouldn't be necessary if there wasn't a (trade) barrier of protectionism over the automakers and the market was allowed to find a true price level.

[@phelmersaid701]

Agree!!!! You nailed it.

[@crlaw75]

I've told this to a few people.

[@porkrind3512]

Exactly what I'm doing now.

[@SteveMagnante]

Lauren Fixx is one of the most authoritative vehicle and auto industry experts in the businesses.-Steve Magnante

[@CarCoachReports]

Thank you 😊

[@Shakerhood69]

Hope you are doing well Steve.

[@SteveMagnante]

@@Shakerhood69 Hi Lauren, I'm chugging along. The doctor says there is no "finish line" with encephalitis recovery. It's about allowing time for the brain to heal. I keep active by walking 2 to 4 miles every day.

[@CarCoachReports]

Sending prayers and a big hug. Get well soon my friend!

[@Shakerhood69]

@@SteveMagnante Hang in there my friend, keep up the good work!

[@paulsammons2432]

I'll buy a horse and pack mule before I will ever own a joke of an EV. 👍

[@seymorefact4333]

SURE YOU WILL! i WANT an ev...below 20k

[@paulsammons2432]

@@seymorefact4333 You want to bet? You can have an EV. I'll take the horse and pack mule. 👍

[@seymorefact4333]

@@paulsammons2432 You win. Have fun w/ your horse and mule.

[@midnight4109]

Buy one of the EVs that isn't a joke! Or, maybe you are better off buying a horse and mule pack.

[@paulsammons2432]

@@midnight4109 I'll stay with my horse and mule pack before I buy an EV. This whole EV thing is a scam!

[@crosslink1493]

One thing she didn't mention when talking about GM and lower priced vehicles is that GM's recent earnings release stated they are concentrating on more expensive, higher-margin vehicles as that's what's giving them the higher profits. That might strangle them if (or when?) smaller, more affordable cars start coming onto the market.

[@danharold3087]

The people buying high end trucks and Celestiq have little interest in small cars.

[@capnkirk5528]

Oh, they are going to buy enough politicians to make sure THAT doesn't happen.

[@phelmersaid701]

Yeah, it all comes down to making the biggest profit with the least hassle. Where does that leave the average income maker? Hmmm. Capitalism is the way to go, but there might be a need for incentives aimed at less than wealthy folks.

[@danharold3087]

​@@phelmersaid701 All existing governments as we know them are on borrowed time. In the US roughly 1/2 of the total population does not earn their own income. This fraction will move from 1/2 to 3/4 in the next 2 decades or so.

[@AlbertHoudlett-b7n]

DONT PUSH A EV DOWN MY THROAT!! DONT WANT IT!!

[@leerjet18]

@@AlbertHoudlett-b7n Just spit.

[@jaysmiles2]

Struggling to make sales.... Remember when the gov said EVs would be cheap alternative to expensive ICE cars?

[@danharold3087]

$3 gasoline and 75 cent electricity is not helping. Most can charge at home for about 10 cents but that message gets lost with the MSM noise.

[@bobdavis3357]

Great job here, Lauren. 😊

[@CarCoachReports]

Thank you!! 😁

[@bradojacko8247]

People dont want surveillance boxes on wheels

[@danharold3087]

[@MetaView7]

People dont want computer boxes on wheels People dont want tablet boxes on wheels Pls bring back the carbureter and manual choke.

[@danharold3087]

@@MetaView7 MetaView7 is likely 🎣 but let me answer this anyway in that some here may have never experienced cars w/o computers. Without EFI engines were wearing out at 100K miles in part because manual chokes often wash the cylinder walls down with gasoline, They also required occasional tuneups because the mechanical system did not have computers that tune the engine while you drive.

[@rmene5492]

@@bradojacko8247 2000 era Toyota with 300k miles on it runs like a champ. You don’t need the dealer to reprogram by vin# just to replace a fuel pump

[@peterrabbit2719]

I have a 2024 Maverick Hybrid 45MPG. $900 under MSRP loaded for $32,400. Great little truck.

[@jazzman7167]

Ford most recalled brand. American and European auto are always at the bottom of the consumer reliability index.

[@chatrkat]

As a life long Ford truck owner, since 1977, it pains me to see the reliability issues Ford, and the other big manufacturers are experiencing now. Setting aside discussion on anything electric, Ford can reduce their warranty costs by building a reliable vehicle again. Personally, I have no desire for a new vehicle anymore. Between the insane prices (thanks federal government) and the horrible reliability issues due to extreme complexity and the use of so many Chinese parts, I will keep my older vehicles that are in fine condition. Electric could be an option I’d consider for local use, if they were cost effective, and didn’t pose a higher risk of severe fires. No EV will ever be parked inside my garage period.

[@danharold3087]

Time to start leaving you ICE vehicles outside. In the U.S., internal combustion engine (ICE) vehicles experience significantly more fires compared to battery electric vehicles (BEVs). Reports show around 1530 fires per 100,000 gasoline-powered vehicles annually, while EVs have only 25 fires per 100,000 sold.

[@phelmersaid701]

I could have written that myself. The newest of 5 vehicles I own is a 2002. Daily driver in the summer is a 1985 E-150 with 242,000+ miles. Yes, there is upkeep, but most I can do.

[@Joeschmoe8930]

“Every brand is struggling with ev vehicles“ I can think of one that isn’t…

[@redmundperrz7234]

People don’t want EV but at the same time putting huge tariff Chinese EV

[@josearias2671]

EVs are trash. People who buy them know nothing about cars.

[@billredding2000]

And they're the same people who buy electric golf-carts as well. They don't think it through at all so are clueless about the negatives of going EV...not to mention most are liberals -- and Biden/Harris voters. ;-) -- BR

[@michalfaraday8135]

Congrats, you just proved you´re the one who knows nothing about cars.

[@michaeljohnson4947]

@@michalfaraday8135 you just proved, you don't own an EV.

[@michalfaraday8135]

@@michaeljohnson4947 LOL. Try again.

[@nuclearfishin1185]

​@@josearias2671 Absolutely, and I have noticed that most of the drivers are wearing masks😅

[@SteveSabbai]

Build a affordable and reliable vehicle and the auto industry would not be in trouble.

[@bobby3944]

If the domestic manufacturers don't build it then manufacturers from China and India will do so.

[@fkoffytb]

"Quality issues" my ass 🤣 nobody will ever pay 70k to 120k for a pickup truck that lose more than 50% of value just by the time you drive 1 mile out of the dealer, is just stupid and is not only Ford, every single automotive producer have to put their pants and either go chapter 11 or bail out and take the loses and move on, because to wait for a miracle that people will start to pay those prices is just plain stupidity.

[@mchristr]

When demand for a consumer product is based on a dubious hypothesis (human-induced, catastrophic global warming), subsidies, and fashion, expect the laws of economics to push back...hard.

[@BTC909]

Price, resale, class (sedan, SUV, etc.), insurance, charging port standard, charging port location, charging infrastructure (see charging port standard), range (see price).

[@PANIC_aka_PinD]

Stop trying to make your entire profit for the year on just the sale of one vehicle. MSRP needs to drop about 50 percent from ALL makers.

[@asajayunknown6290]

Interest rates are ancillary. At zero % interest, that's $833/mth for five years, before insurance. The new cars are priced too high for the average consumer.

[@danharold3087]

The problem is that we have a split society The haves are buying new cars and have nots are not. Same with the state of the economy. The haves are doing OK. Have not's are living in a depression. Larry Goldberg recently said that.

[@BTC909]

But keep only blaming those Dealers.

[@richardlowe8062]

How about the Ford F 150 junk 10 speed transmission that costs 5-10 thousand to repair? The edge, explorer 3.5 internal water pump that costs 3500 to fix but they continue to keep using it. Ford and Chevy have made older Toyota prices skyrocket. They just don’t back up the products.

[@karoltakisobie6638]

Bring back economy class of vehicles. Make them simple,long lasting and dependable. Not everyone wants,needs of can afford 50k+ suv.

[@danharold3087]

The segment of the population with money does and can. Sales of sedans are falling Sales of the 50K+ SUV is on the rise.

[@Kingofthehill84]

Toyota got everything you needed.

[@ChillWill-q5x]

@@danharold3087 4 x 4 Full size Ram Truck can be had new now for $35K. Lot's are overflowing again, it's only a matter of time.

[@geraldthompson4633]

4:05 many moons ago GM said they would never do a Cadillac truck…see how that worked out

[@wescam2958]

As manufacturers cost cut say good-bye to quality and reliability. Cost cutting has nothing to do with lowering prices, only profitability.

[@Chuck-x8e]

My 2018 had door latch problems and it was under warranty and ford refused to fix it I was a 30 year customer not anymore sold it and switched to chevy

[@lot2196]

Let BYD compete, no tariffs.

[@kirkjohnson6638]

Why? So CCP subsidized, junk EVs can destroy auto manufacturing in the US? I don't even want any EVs parking in the same lots as I park, let alone BYD or other Chinese electric bombs.

[@Iexpedite1]

People seem to think the government is forcing people to buy EVs. The fact is, the government is trying to make domestic manufacturing competitive. China knew they couldn’t compete building gas powered cars. They decided to skip ahead to the EV market. They got a huge head start. That is why China has a huge battery infrastructure and we don’t. Manufacturers are trying to catch up and the incentive is helping to make them competitive. They have to adjust to the new world market. EVs will continue to improve and domestic battery production will continue to grow driving down prices.

[@ChillWill-q5x]

They got greedy and too reliant on easy money and now that's ending, what's shocking about that?

[@ctfan1486]

The people that wanted EV's have bought one. The rest of us don't want anything to do with them. Thats why they can't sell them.

[@paulradice3534]

Bow-Tie , till the end.

[@d.p.9567]

Hybrids are the most complicated vehicles in the world. We want simplicity and affordable! We don't want connected cars tattle tailing on us for anything. We don't want to park lithium batteries in our garages which are in hybrids and EVs. Let the auto industry collapse into a black hole for all I care.

[@opencarry3860]

Agreed.

[@502Chevy]

@@opencarry3860 Here’s the things that can go: auto stop start, cylinder deactivation, lane keep assist, CVT transmissions and each new generation getting supersized.. Not a fan of sunroofs either, pay for it, never use it. Things that can stay: auto high beams, led lighting, rain sense wipers and backup cameras.

[@curtisi4403]

It's part of the reason why some auto mechanics are leaving their jobs. I knew are few that became maintenance, construction workers.

[@SteveSabbai]

Hybrids are still too expensive to repair/replace. I just want a gas vehicle.

[@kevinatkins282]

Most people ignore that they are more expensive to repair!!

[@bobby3944]

Hybrid batteries are very expensive to repair/replace and about to the point of if needed to get rid of the vehicle.

[@titaniumspecial4207]

I'm not getting an electric car because they can start on fire in a garage.

[@danharold3087]

Then you better park your current car outside.

[@kirkjohnson6638]

​@@danharold3087 When it comes to parked vehicles in garages, EVs are much higher fire risks than ICE vehicles.

[@danharold3087]

@@kirkjohnson6638 But the ICE cars self ignite ~60 times more often. Cars often go from first flame to fully engulfed in under 5 minutes.

[@kirkjohnson6638]

@danharold3087 EVs actually ignite just as often as ICE cars and ICE cars almost never ignite when parked and take ten times as long to become engulfed in flames. EVs can go from operating normally to looking like Roman candles in under 5 seconds!

[@danharold3087]

​@@kirkjohnson6638 I asked perplexity to fact check your comment using pro mode. You can duplicate this if you like but it comes down to the following. Based on the provided search results and other reliable sources, this statement (your comment) is largely inaccurate.... ICE vehicles can and do ignite when parked due to various factors like fuel leaks or electrical issues. ... In summary, the available data consistently shows that EVs have a lower fire risk compared to ICE vehicles, contrary to the claims in the statement.

[@RonJames-xt3hx]

Dearships don't always give out loaners. Do your homework.

[@chrisajokinen]

I wonder if the insane pricing of ICE vehicles is to offset losses in EVs

[@brucebeamon5460]

Nothing was discussed about there depreciation of value or range or the whole issue with getting them repaired !

[@paulboring9053]

When u depend on outside vendors, u will have quality issues

[@jeffrme]

Pricing over the last few years by manufacturers being aggressive is a joke statement! Not only that but EV battery replacements cost is like buying the car twice!

[@BobPritchard]

The speaker said EV prices are going up. She said one vehicle she looked at went up $10k. I think this is broadly untrue. Ford, Tesla, GM have all lowered the prices of their EVs over the past 12-18 months. Then she said GM is not going to do hybrids. CEO Mary Barra explicitly stated they would offer a broad range of hybrids in the 26 timeframe. She then said the average price of EVs are in the mid 60's - 10k higher than EVs. Guess you've never priced a Model 3 or Y or Chevy Equinox EV. Again, not true. I think the speaker is ill informed.

[@capnkirk5528]

Lauren doesn't want to deal in FACTS, she want to deal in innuendo, rumors, half-truths and misapprehensions.

[@Joeschmoe8930]

Please go plug-in Hybrids, make something 2x as complicated and 1.5x as expensive. Tesla will just gain market share.

[@bobdavis3357]

53rd thumbs-up

[@connor_flanigan]

2:39 no, not every brand is making an electric vehicle. Mazda has never even had a hybrid.

[@waynesutherland-rs6ct]

Henry Ford would be shocked!!!

[@im4udevco]

It’s not shocking. This was clearly coming. Now that the EPA is getting more stringent on emissions, OEMs are going to get hammered on warranty on the engines as the newer ones are crapping out early. Tesla is not struggling with its gross margins. Did you see their Q3 earnings? Hybrids are a compromise and if you can get a dedicated parking spot or garage, full battery electric vehicles are the way to go.

[@wadereynoldsgm]

I will not buy or use a BEV. It's the wrong technology to implement electric vehicles.

[@bradhampton6457]

Greed is killing the American auto industry…

[@mrjim1973]

Ummm, build something for the masses! That means a naturally aspirated sedan or SUV and a base model pickup truck that 80% of the US consumer population can actually afford. In 2013 my brand new Ford F-150 XL was $27k out the door. Today for a comparable truck I'd be looking at $40K! BTW, I'm keeping my 2013, It's still going strong in 2024 w/ 125k on the clock and I simply can't afford a new one. I'm realizing I really don't need a new one. So, let them rot on the LOT!

[@danharold3087]

Legacy can not build a sedan at a price people want to pay. Same for compacts, subcompacts, BEVs of any sort, and standard cab pickups at any trim level.

[@kirkjohnson6638]

​@@danharold3087 Sure they can, they just don't rhink they'll make as much money making those types of vehicles. But if anyone else starts selling simple ICE cars and trucks, they'll lose ALL their sales and profits.

[@danharold3087]

@@kirkjohnson6638 All manufactures have an operating expense. If they build a car for $10K COGS and operating expense per car works out to $20K (operating expense/cars) they need $30K to break even on a car with a $10K COGS. Then the dealer needs his cut. Too much money for a crappy cheap car.

[@kirkjohnson6638]

@danharold3087 Then they need to cut those operating expenses, don't they?

[@danharold3087]

@@kirkjohnson6638 Exactly but these expense have been around for decades. Maybe 50 or more years. Some are simply obligations like pensions. On the other hand In 2023, General Motors (GM) spent approximately $3.6 billion on global advertising, which represents a decline from the previous year. Additionally, GM's lobbying expenditures totaled around $14.4 million.

[@edbern7387]

Why doesn't this surprise me. If people think the move to EV was going to be quick you are sadly wrong. The car companies think every EV needs to be $50k but who can afford the price even with incentives. Very few places to recharge if not around a city.

[@danharold3087]

The car company is sending you a message "every EV needs to be $50k". They want to sell ICE vehicles with a 20% margin because they have owned the factories for 40 years. And block the affordable BEVs from China. This my good fellow is by design. The powers that be in the US want you to keep buying gasoline and having your car serviced.

[@rmene5492]

Harris is going to push the mandate knowing ppl can’t even afford it smh

[@Bonsai-Miata2020]

Hybrid has to much complexity and when they age could be expensive to repair and maintain

[@curtisi4403]

They are trying to sell us the "New Coke" and we know how that went.

[@ltcmoose2001]

I think these guys should have done an in depth look at how the down parts are effecting new vehicle quality. The prime manufactures have out sourced all of the intellectual property and manufacturing know how to companies they no longer control. They want these down part manufactures to give them a quality part as cheap as possible and don't care how they do it. Thus, they get bad parts either from domestic or china manufactures. They do not have any what I call organic down part manufacturing to really understand what it takes to build quality down parts. BTW every car really looks the same because all of the manufactures buy from the same suppliers, thus, no innovation on for many things in their products.

[@redmundperrz7234]

Nobody will buy EV but at the government same time putting huge tariff from chinese EV,let people decide what they want to buy

[@johnw4590]

What middle class car should cost. 20k What they really cost 45k. No Reliability and quality only lasts till your out of basic warranty. Better off buying used or fix what you have. Also auto parts are insanely priced.

[@heinuchung8680]

The Chinese are already making cheap affordable EVS and they will take the market they are already strangling the European market and will probably just buy stellantis jeep and ram will be spun off . Dodge will become a Chinese brand basically.

[@c4279]

Let's give a shout out to Toyota for launching and perfecting hybrid cars 10+ years ago and who refused to bow down to the "all EV" BS that governments worldwide have been spouting. The same information was available to all of the other manufacturers and they made the wrong call - to invest heavily into new EV cars and then realized that no one wants to buy them.

[@Mark-jb9hx]

Elmo lied about the $30,000 Tesla.

[@brianklamer3328]

Ford trucks have always been my favorite but too many problems with their gasoline engined to suit me anymore.

[@bryaninnc5511]

5 recalls in the first two years years owning an F-150. The one specific to the HDPP is still active

[@jmanultra]

Ford is low quality for high prices.

[@SophieJjishuaa]

tunedbyai AI fixes this. Bloomberg expert reveals auto industry's state.

[@YourTransmissionRepair]

An EV simply doesn't fit our lifestyle. Have the "experts" simply taken THAT into their reasoning? We bought a Toyota Hybrid instead.

[@manojmohan9667]

Love my Teslas.

[@nathanbrumbaugh8545]

False info price going up on ev vehicles is opposite of truth. EV prices have come down drastically in the last year.

[@g4do]

Ford is much more innovative than General motors and dodge. If they would have stuck with what they were doing, but ramped up with reinventing the gasoline engine, they would not have lost a dime. Team up with cosworth and create a powerful new engine technology that has high horsepower and torque, but uses much less fuel.

[@us1fedvet]

Too expensive and not relevant to many customers. Across the board, not just Ford.

[@kirkjohnson6638]

Lithium ion batteries are holding back EVs. Insurance rates are going to skyrocket to reflect the real risks of baatery fires, the huge costs of battery fires in teems of collateral damage to surroundings, the high risks if ceashes due to the high performance of EVs, and the high costs of EV repairs and write offs of any EVs that experience any damage to battery packs. Additionally, insurance companies will soon require that EVs be parked outside at a safe distance from peoples homes and other cars and EVs will be banned from tunnels and parking garages due to the risks of fires cascading from one car to the next and even garage structural damage from the high temperatures of EV fires. When taxpayer funded EV purchase incentives and electricity rate incentives disappear, insurance costs go up, and manufacturers stop selling EVs at a loss, there will be almost no demand for EVs. They are vehicles with no futures.

[@thebionicbassplayer]

Did these genuises realize that millions of people live in apartments and can't have a personal charger?

[@puffnstuff12]

Stop trying to force me into buying an EV I don't want!

[@3089280288]

The cheapest ev is chinese. No electric motocycles

[@robertwestrom6878]

There is no benefit to an electric vehicle

[@MadIIMike]

It's really easy to explain why the automotive industry is in the state it's in: They got plenty of deadweight in high positions with no clue what to do, then hire consulting firms that look at "data" (nowdays often called AI to sound modern). Said data shows Tesla with it's inflated stock and eventually leads to the suggestion to copy Teslas. The obvious reason why it wont work is, because everyone who wants a Tesla gets a Tesla. Why buy off-brand BS, when you can have the refined export grade BS straight from electric Jesus himself? At the same time, most people that dislike Tesla will lose every brand loyality there ever was if "their" brand tries to copy Tesla. As far as Hybrids go, most of them really just exist to cheat (fleet) emissions. My neighbor has 5 high powered BMW Hybrids (all north of 100k€) and none of them was charged even once. Why going EV will not work out for the car industry is quite simple: Their Batteries are on a timer. 8 Years... 10 years... 15 years even 20 years? Doesn't matter too much, because long before it "really" expires by wear/age, people will fear it being the case. A 10 year old average gas/diesel vehicle still has a lot of value and use left, there's not much risk involved for a dealer and up to certain age/mileage he can get relatively cheap insurances to pass on the risk entirely. If you sell a 10yo EV, no dealer would want to be liable for a 20k+ Battery replacement, insurances will adjust their prices relative to the risks involved + margins or not offer it at all. So there's no demand/value for your old EV. At the same time, the new EV you might want in even shorter intervalls than you did ICE vehicles ain't getting cheaper. On the contrary, the mines have to go deeper, the cross financing with profits from ICE cars to make fleet emissions will be gone, the subventions won't exist when there's no alternative and you'll get taxed to hell and back with all the money lost from taxes on fuel and what-not. Meaning, EVs will become more expensive to buy, more expensive to own and you'd want to replace them faster, while your EV will lose value faster, making the delta between your old and new car much bigger. In case it went unnoticed: Most people don't have the money to participate in this joke, even if you could convince them to get potentially lethal fire hazards in their garage.

[@danharold3087]

Just 1 point. If a dealer sells a 10yo EV he is not liable for a 20k+ Battery replacement. If he warranties the battery at all it will be for a battery that holds the same charge as purchased or a similar car of that age. Used battery replacements can run less than ICE engine replacements.

[@seymorefact4333]

Ford...QUALITY issues since....FOREVER! this is NOTHING NEW. BTW, Lauren...can't wait for your review of Kia TASMAN!

[@danharold3087]

I have owned 1 F100 and 3 F150s from the 70s. They were close to bullet proof. (not in the Tesla way)

[@sammi5281]

EV=bankrupcy

[@markkennedy5335]

People don’t want EV’S hybrid is the answer. GM will be out of business with there hybrid snub. Another reason not to vote for Harris wanting to push EV’S

[@jamesclapp6940]

EV in general are JUNK......

[@matttravers5764]

EV is dead

[@danharold3087]

EV sales continue to rise while ICE sales have been falling since 2017 or 18. Now losing about 5 million cars a year to non ICE.

[@JasPlun]

EV is a bad deal you go through tires like crazy because of weight, they depreciate big time, reliability can be an issue, Batteries only last about 10 years and the vehicle is no longer viable as it cost more to replace the battery than a new car. and then you have bad infrastructure to deal with, Last large up front cost with high payments. All that being said it now costs more to charge an EV than to fill up a tank of gas. You lose if you buy EV it is that simple.

[@donaldcary7259]

EV ⚡️Pure Junk 💯☑️

[@jamesocker5235]

Build junk customers bail, junky designs, warranty costs out the window, poor quality and poor design. The belt driven oil pump is just one design failure. Nobody wants an ev and a ev truck is crap. Poor support, poor design, fire hazards, charging, EV trucks cant tow didtances.