Support CleanTechnica's work through a Substack subscription or on Stripe. Elections matter. Xi Jinping was elected President of China on March 14, 2013. As a scientifically aware leader with long-term economic vision, Xi Jinping implemented strong, aggressive cleantech policies that made China the global leader in solar power, wind power, ... [continued]
Legacy car brands have massive investments in ICE vehicles. They have the manufacturing and logistics figured out and running as smoothly as ever. Now we are asking them to pivot? Do you know what that will do to their short term finances? Decimated. The shareholders will not like that one bit. The tax credits helped soften the blow a bit but instead of making a platform built for EV they had to go and make trucks and SUVs. They could make a small EV, Chevy Bolt was a fine small and efficient EV…nobody bought it. Why? Because it was built like a subcompact economy car with a mid range price tag. Who is that for? Those that can afford it just finance an extra few grand and get a model 3. Those that can’t afford it get a 2005 Camry.
The $7500 tax credit was a gift for those that could afford a $40k car.
It’s like the legislation was written by the legacy automakers (and oil lobby) themselves to slow EV adoption.
Legacy car brands have massive investments in ICE vehicles. They have the manufacturing and logistics figured out and running as smoothly as ever. Now we are asking them to pivot? Do you know what that will do to their short term finances? Decimated. The shareholders will not like that one bit. The tax credits helped soften the blow a bit but instead of making a platform built for EV they had to go and make trucks and SUVs. They could make a small EV, Chevy Bolt was a fine small and efficient EV…nobody bought it. Why? Because it was built like a subcompact economy car with a mid range price tag. Who is that for? Those that can afford it just finance an extra few grand and get a model 3. Those that can’t afford it get a 2005 Camry.
The $7500 tax credit was a gift for those that could afford a $40k car.
It’s like the legislation was written by the legacy automakers (and oil lobby) themselves to slow EV adoption.