How to Lose $19.5 Billion: The Ford EV Disaster!

"This essentially turns the petrol car from a mass-market commodity into a luxury good."

"While the West spends the next decade negotiating loopholes and refining hybrid trucks, China is finalizing its stranglehold on the only component that actually matters: the battery."

"Europe’s pivot to 'green steel' offsets might buy its automakers a few more years of profitability from their piston engines, but it does nothing to address the fundamental reality that they have lost the battery war."

"They can’t sell their surplus EVs to Americans, so they will flood the only remaining open market: Europe."

"the electric vehicle is about to enter a bidding war for electricity against the world’s best funded companies."

"If EVs have to compete with data centers for grid capacity, the era of cheap home charging may come to an end, dismantling the last remaining economic argument for going electric."

"According to Bloomberg – plug-in car sales in the US are expected to plunge 30% in the final quarter of this year to the lowest since 2022."

"For next year, they are projecting little or no growth due to the removal of federal EV tax credits and the weakening of US fuel economy and emissions standards."

"I think we can expect to see more shake ups in Europe in the coming years as more and more EV’s flood in from China."