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True, if they're going to price under Tesla, they'll need the courage to be unprofitable until they have the volume to get positive. Another issue is subsidies
by imglorp 8y ago
True, if they're going to price under Tesla, they'll need the courage to be unprofitable until they have the volume to get positive.
Another issue is subsidies. Carmakers have enjoyed billions from the states...
https://www.reuters.com/article/us-toyota-mazda-jobs-factbox-idUSKBN1AK2BI https://www.reuters.com/article/us-toyota-mazda-jobs-factbox...
That's not counting an $80b bailout...
https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670 https://www.thebalance.com/auto-industry-bailout-gm-ford-chr...
And what about gas prices being artificially kept low with subsidies...
https://www.nrdc.org/experts/danielle-droitsch/time-us-end-fossil-fuel-subsidies https://www.nrdc.org/experts/danielle-droitsch/time-us-end-f...
So the true cost and TCO of an ICE car is not at all obvious to compute compared to an electric.