Automakers Pump The Brakes On Electric Cars
Sort of Reckoning in the electric vehicle industry some automakers are pumping the brakes on electric cars from Power Station scarcity to exploding or dead batteries from extreme weather some Americans just aren’t buying into this business and as a result Tesla 4D GM all slashing prices on their EV models Ford
Slowing production of its electric F-150 Lightning Herz dumping a third of its electric rental Fleet and the latest to pull the plug Volvo backing out of its investment in pullar let’s bring in Lauren fix an auto expert and the founder of Global Automotive news Outlet
The car coach Lauren so great to see you uh thanks so we hear all these things is this the beginning of the end for electric vehicles I think electric vehicles will be in the mix there are people that want them and if you do there’s a lot of product that say that’s
Really good doesn’t fit for everybody’s lifestyle so if you want a truck there’s trucks if you want a car you can buy a Mach e but you know if you’re thinking you know what it doesn’t work for my lifestyle you can buy buy like a brand new Ford Explorer I’m standing in front
Of the 2025 Ford Explorer and they don’t offer it in hybrid they’re offering it an EcoBoost so you’re getting gas as well as good fuel efficiency and I think you’re starting to see the shift to manufacturers offering Hybrid fuel efficient cars that meet people’s needs
But if you want an electric car you can still buy one okay so how big of a loss is this for the AO Auto industry I mean is it a loss because obviously we know especially a few years ago this is an industry that bet pretty heavily on EVS
Well that’s because the government forced all the car brands to make a decision you can have billions of dollars in fines or millions of dollars in losses so the car manufacturers have stepped up to their plate and built cars that meet the need the infrastructure is not there so it’s not necessarily the
Cars I think at the infrastructure I just recently I was in Northern California there were four charging stations three of them didn’t work and there was a Tesla park there just left it so that means that if you needed to charge you couldn’t unless you had at
Home charging and so that’s part of the problem I don’t think it’s the car manufacturers that dro the ball all they built some really great design product and things that met the needs of consumers but if you don’t have a charging station then customers don’t want it so that means the sales have
Dropped off and so you’re seeing that offset where cars are still going to be available you’re still going to be able to buy an electric car if you want one but there’s hybrids there’s plug-in hybrids there’s gas and you can still buy a diesel truck if you need one right
So I think having that mix is what consumers really want so so is it about that mix because you know when we think about fuel we think about gas combustion engines obviously EVS were supposed to be the answer to becoming less dependent on gas which we know is a limited
Resource So eventually what’s going to happen well you’d be surprised that you know all the gas that can be produced around the world and if we drill like we were drilling from the previous administration you would have plenty of gas and gas prices would be cheaper in this
Live from the Chicago auto show, Lauren Fix, give you an update on the changes with automakers. From Ford to Hertz, the offerings are changing as you , the consumer, make the choice you want.
The infrastructure is the biggest issue. Drivers are getting some great choices on EVs, but customers are not buying them. Dealers have so many left on their lots. A mix of option is the best choice.
Incentives are going away. Some brands are offering the credit to customers directly. What happens if all the incentives go away. Brands will take larger loses.
Hydrogen and synthetic fuel are potential future fuels that could take over from evs. Lots of new technology and science being developed.
Thanks for watching!
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