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The John Batchelor Show

#Markets: Walking away from the EV. Liz Peek The Hill. Fox News and Fox Business

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 21 February 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary


#Markets: Walking away from the EV. Liz Peek The Hill. Fox News and Fox Business
https://www.greencarreports.com/news/1142362_ford-cuts-mach-e-ev-prices-by-thousands-as-sales-plunge

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Transcript

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0:00.0

I'm John Batscher with Elizabeth Peek, my colleague, she's a columnist at the hill,

0:09.2

commiss at Fox News, and much on Fox Business, writing a column about the electric vehicle.

0:15.4

It's not just General Motors, nor is it just Ford, nor is it just BMW.

0:19.7

Everybody on all continents that sell cars to anyone have noticed that suddenly the customers stop showing up for electric vehicles.

0:30.0

Why? That has many explanations. What doesn't require much work is to say the government

0:37.7

picked another winner, Liz, and in picking it, did they cause the fall?

0:43.2

Did they tell the public not to buy EVs?

0:46.0

Who's responsible for this?

0:47.4

Because the car company's lots are filling up with unsold vehicles.

0:53.0

Well, so the Biden administration is pushing EVs as hard as they can.

0:58.0

They put an enormous tax benefits, tax credits if you buy one, etc.

1:03.2

Because the essential problem for people trying to sell electric vehicles

1:09.4

is one, the price tag is still very high

1:11.7

compared to gas-powered cars on average and two a lot of

1:16.2

people just find them very inconvenient there aren't enough there aren't enough

1:21.0

charging stations and you know I mean I do think it's kind of funny

1:26.6

Hertz dumped their rental EVs not long ago I think we talked about, because when people went to rent an TV, and remember when you rent a car, you're in sort of unfamiliar territory oftentimes, they didn't know where the charging stations were. It was a complete debacle. So anyway I think this is this is a program

1:47.5

that trying to get people to take up electric vehicles to save the planet

1:51.8

which has not been very well thought out, which is costing

1:55.4

Detroit hundreds of billions of dollars.

1:58.0

I think Ford lost something like $40,000 on every car, EV.

2:02.4

It's sold last year. It's not getting better. It's getting worse.

...

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