ICE or EV?

[morekaos]

This transition is going swimmingly well…wouldn’t you agree?...

Leading EV-Battery Producer Considers Bankruptcy as Crisis Deepens

Northvolt, a Swedish company once seen as a cornerstone of Europe’s battery production efforts, is in crisis.

Reports indicate the company is evaluating bankruptcy options, including filing for Chapter 11 protection under U.S. law. This would allow Northvolt to restructure its debts while continuing operations.

The company faces a funding gap of approximately $920 million USD, according to Boosted.

Efforts to secure new capital have reportedly stalled, leaving the firm’s future uncertain.

According to Financial Times, some investors have already written off their stakes in the company, signaling a lack of confidence in its recovery.

Leading EV-Battery Producer Considers Bankruptcy as Crisis Deepens

The Federal EV Tax Credit Will Be Eliminated By Trump Administration

President-elect Donald Trump's transition team is reportedly planning to eliminate the $7,500 federal tax credit for electric vehicle purchases as part of a larger tax reform effort.

The most recent version of the credit was introduced as part of President Joe Biden's Inflation Reduction Act to encourage EV adoption and is now in the crosshairs of an energy-focused policy group, Reuters reports. The group is headed by billionaire oilman Harold Hamm and North Dakota Governor Doug Burgum.

Ending the tax credit will significantly impact already slow electric vehicle uptake.

The Federal EV Tax Credit Will Be Eliminated By Trump Administration

 

[morekaos]

Shareholders should oust the fools who led them down the road to ruin….Companies should make money not virtue signal their way into bankruptcy….

Ford to cut 14% of European jobs, blaming EV shift and rising competition

Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

The U.S. company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy.

Ford to cut 14% of European jobs, blaming EV shift and rising competition

 

[morekaos]

This is the product of stupid government intervention in the free markets..job losses and economic carnage…Stay on course and only bad things happen…

Ford cuts 800 jobs amid fears of ‘irreversible damage’ from electric car rules

On Wednesday night Nissan called for “urgent action” from the Government, warning that failure to change course would do “irreversible” damage to the British manufacturing industry.

“The mandate risks undermining the business case for manufacturing cars in the UK, and the viability of thousands of jobs and billions of pounds in investment,” Nissan’s Guillaume Cartier said.

“We now need to see urgent action from the Government by the end of the year to avoid a potentially irreversible impact on the UK automotive sector.”

The company pointed out that manufacturers likely to benefit from the trading scheme do not make cars in Britain, “UK, meaning the UK automotive industry will effectively be subsidising EV sectors in other countries, at the expense of investment in Britain”.

Ford cuts 800 jobs amid fears of ‘irreversible damage’ from electric car rules

 

[irvinehomeowner]

Ionic 9 3-row SUV babeeeeeeee….

 

[qwerty]

That thing looks like a hearse. The Kia version looks way better

 

[iacrenter]

Same thing with the ICE versions: Kia Telluride >> Hyundai Palisade

 

[morekaos]

Wise government investments have created Millions of green jobs!!! Wait…what?....

Northvolt CEO resigns as Europe’s big hope for a battery champion files for bankruptcy

· The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.

· Peter Carlsson, who co-founded Northvolt and led the company since its inception in 2016, will step aside to take on a role as senior advisor. He remains a member of the firm’s board.

· On Thursday, the company sought bankruptcy protection in the U.S. to allow it to restructure its debt, scale back its business and secure a sustainable foundation for its continued operation.

Northvolt files for bankruptcy in setback to Europe's EV ambitions

 

[morekaos]

Trying to pick winners and losers…unfortunately for Rivian….this is good taxpayer money thrown after bad….Hopefully Doge will rescind this…

Bribery Biden Throws Struggling EV Company, Rivian, a $6 Billion Lifeline to Expand Production of EVs Nobody Want

https://thelibertydaily.com/bribery-biden-throws-struggling-ev-company-rivian-6/

LPO Announces Conditional Commitment to Rivian to Support the Construction of EV Manufacturing Facility in Georgia

On November 25, 2024, LPO announced a conditional commitment to Rivian New Horizon, LLC of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing facility located in Stanton Springs North, Georgia.

https://www.energy.gov/lpo/articles...-rivian-support-construction-ev-manufacturing

 

[irvinehomeowner]

And nothing going on between Musk and Trump?

Why aren’t you hating on his biggest supporter anymore?

 

[morekaos]

Musk doesn’t want any subsidies..all these other vampires do..

 

[irvinehomeowner]

You're not that gullible.

Why do you think he wants to end the credits?

 

[morekaos]

As I’ve said 100 times… I don’t care. Buy all the EV’s you want just don’t do it with my tax money.

 

[irvinehomeowner]

Just subsidize oil with your tax money... got it.

Again, this another example of you not wanting to discuss something and just rather post your purple font and emoticons.

It's important to understand what Elon is doing in regards to how it will affect EV and ICE vehicles but I guess it's above you... 100 times.

Maybe someone else wants to tackle this subject. Also... I wonder what's going to happen to the regulatory credits Tesla makes so much money on.

 

[irvinehomeowner]

EV Market Monitor – September 2024 - Cox Automotive Inc.

The EV Market Monitor gauges the health of the new and used electric vehicle (EV) markets by monitoring sales, inventory and pricing.

www.coxautoinc.com

The electric vehicle (EV) market continues to expand in the U.S., as recent Cox Automotive data reveal a year-over-year rise in sales for both new and used EVs. September marked the sixth consecutive month in which new EV sales surpassed 100,000 units. EV share of new vehicle sales achieved a notable 9% last month, the highest level to date. The price difference between electric and traditional vehicles narrowed in September, indicating greater accessibility.

Unicorn baby unicorn!

 

[morekaos]

9% of the new car market is….nothing. I’ve said it 1000 times..pull all subsidies…fine with me. Let the market decide. Grasp at all the straws you want but EV uptake is stagnant at best…it will totally collapse when Trump pulls all the credits…the whole exercise was political and economic folly…a waste of our hard earned tax money in the pursuit of pointless virtue. Watch this clip again…it is a harsh truth

This Clip From "Landman" Drops Truthbombs About Oil

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rumble.com

 

[irvinehomeowner]

You're the one grasping. Data doesn't lie.

EVs are the better technology. Cry more.

 

[irvinehomeowner]

I watch Landman and that scene was truth but you keep forgetting that climate change is just gravy for me. Driving a superior vehicle and not having to go to a gas station is such a life improvement.

Oil/gas will never go away but alternative fuel/power is always good.

 

[morekaos]

I watch Landman and that scene was truth but you keep forgetting that climate change is just gravy for me. Driving a superior vehicle and not having to go to a gas station is such a life improvement.

Oil/gas will never go away but alternative fuel/power is always good.

Again, good for you..I should not have to subsidize your choice. I am not against EV s as a product…I just think the government (and our tax money) shouldn’t pay for it.

 

[irvinehomeowner]

Why not? I've subsidized you for years... still am. Fair is fair.

 

[morekaos]

Why not? I've subsidized you for years... still am. Fair is fair.

Because all of us benefit from those subsidies…a few rich, woke people benefit from your neat toy subsidy…see the difference?…