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It’s more than just cars though. Just one example (of many) - do you pay Ford extra money when you go on a road trip, or does that money go to Exxon, etc? In my
by jliptzin 5y ago
It’s more than just cars though. Just one example (of many) - do you pay Ford extra money when you go on a road trip, or does that money go to Exxon, etc? In my Tesla when I go on a road trip, I am giving them more money to charge on the road.
Also, when we switched from horses and carriages to automobiles, I’m sure being an auto manufacturer at that time was probably insanely profitable. Maybe not the most valuable kind of company in the world at the time (or maybe it was), but definitely up there. We’re now in another transition from ICE to electric vehicles. There’s going to be another period where EV manufacturing becomes extremely valuable as demand for EVs surges over the next couple decades. After that, as the EV market matures and the competitive landscape evens out, profits will come down again.