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> Right now the margins on gasoline vehicles are much better than electric vehicles, partially due to the technology being relatively immature. The internal com
by firethief 7y ago
> Right now the margins on gasoline vehicles are much better than electric vehicles, partially due to the technology being relatively immature. The internal combustion engine has more than 100 years and hundreds of billions of dollars in R&D behind its infrastructure.
American automakers make all their profits on pickup trucks, because they have no foreign competition in the giant gas-guzzling family-mover-with-a-vestigial-tail market. They have little incentive to innovate, and haven't got around to electric pickups yet. There may also be technical reasons EVs would currently be less profitable, but for now in America crony-caplitalism and cultural decay alone would suffice to maintain that dynamic.