Quote:
Originally Posted by Blackbird45
Look the government no matter who has their hands on the wheel can barely control anything. You believe the government can force the auto industry to manufacture electric cars, that is comical. Politicians put standards in place because of the pressure they receive from their constituents.
There used to be an old saying which a version was attributed to Plato in 380 BC, which became “Necessity is the mother of invention”. In today’s world that is no longer the case. If there is no profit at the end of the tunnel whatever the necessity is will not be met.
Look Ford built the Edsel in 1957 it lasted 3 years before it came off the market. The demise was due to market pressure, why because it was a bomb nobody wanted it. A substantial number of people want electric cars and what is even more important is a large amount of the American investor are willing to invest in stocks that support that goal. Do you think all these people are worried about the planet or that the government is going to kidnap their children. No, they believe that there is an alternative to ICE and they believe EVs are the answer. They are putting their hard earn money on the table because they believe it’s a winner. If there is any pressure companies will bend to is the investor, no investors no company.
|
Please explain why auto makers are now complaining than no one is buying their EVs and that the stock on hand is languishing?
Could it be due to "market pressure"?