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Message
re: Will this really work? Ford to lose $3 billion this year on EV sales?
Posted on 3/29/23 at 1:44 pm to billjamin
Posted on 3/29/23 at 1:44 pm to billjamin
quote:
IRA has a bunch of shite in it. Nuke, manufacturing, etc.
Electric car incentives
quote:
The most lucrative incentive offers battery manufacturers a tax credit of $35 per kilowatt-hour for each U.S.-made cell, which slices their production costs by a third.
Ford is building a new EV battery plant, as mentioned previously.
quote:
Ford expects to receive $7 billion in breaks from 2023 to 2026
Side note:
quote:
Tesla's Nevada plant, for example, will soon be able to produce 100 gigawatt-hours of battery cells, and that could grow to 500 gigawatt-hours in the future. At an annual production rate of 500 gigawatt-hours, the credits would be worth a staggering $17.5 billion per year.
1
Posted on 3/29/23 at 1:48 pm to bad93ex
How does a tax rebate work if, as noted in OP, they’re losing money? Can’t offset taxes that aren’t there.
Also, this very much proves the point. Solyndra got a DOE loan. Ford is getting tax rebate incentives. They’re nothing alike.
Also, this very much proves the point. Solyndra got a DOE loan. Ford is getting tax rebate incentives. They’re nothing alike.
Posted on 3/29/23 at 1:57 pm to billjamin
quote:
Also, this very much proves the point. Solyndra got a DOE loan. Ford is getting tax rebate incentives. They’re nothing alike.
Oh, but they did get a DOE loan.
Energy.GOV
quote:
In September 2009, the Department of Energy issued a $5.9 billion loan to the Ford Motor Company
quote:
The innovations include the family of Ford EcoBoost™ engines, which are available in almost all models, and introductions of new hybrid, plug-in hybrid, and all-electric plug-in vehicles.
Posted on 3/29/23 at 1:59 pm to bad93ex
I thought we were talking about the EV line?
Posted on 3/29/23 at 2:01 pm to billjamin
quote:
I thought we were talking about the EV line?
DOE $2B loan to Redwood Materials (Ford-owned) for manufacturing batteries.
DOE loan to Redwood Materials
Posted on 3/29/23 at 2:02 pm to bad93ex
quote:
bad93ex
Acting like this is the first and only time the Fed Govt has given some form of subsidy or incentive to a business or industry. Don't go asking any farmers about subsidies or incentives...your head will explode.
Posted on 3/29/23 at 2:03 pm to dewster
I'd only buy a Tesla.
Posted on 3/29/23 at 2:06 pm to sidewalkside
quote:
Acting like this is the first and only time the Fed Govt has given some form of subsidy or incentive to a business or industry.
No, I am trying (it is futile) to get biljamin to walk back his "stupid gotcha" statement about Solyndra and Ford getting nice subsidies yet losing money.
quote:
Don't go asking any farmers about subsidies or incentives...your head will explode.
Lived and worked in the Midwest for a long while.
Posted on 3/29/23 at 2:16 pm to bad93ex
quote:
No, I am trying (it is futile) to get biljamin to walk back his "stupid gotcha" statement about Solyndra and Ford getting nice subsidies yet losing money.
That’s because it a stupid comparison. Idk why it’s so hard to see that.
Posted on 3/29/23 at 2:21 pm to billjamin
quote:
That’s because it a stupid comparison.
They both received and/or receiving government money in order to boost clean energy usage within the United States and both lost money, a lot of money while having rosy projection numbers. Not sure what is so hard to see here.
Posted on 3/29/23 at 2:21 pm to billjamin
quote:
billjamin
Can you two just kiss and make up? It hurts all the OT baws to watch family tear each other down like this.
Posted on 3/29/23 at 2:24 pm to sidewalkside
quote:
It hurts all the OT baws to watch family tear each other down like this.
It's been fun, at least we're not talking about something very personal like the NIH or gas mileage at high speeds.
Posted on 3/29/23 at 2:28 pm to bad93ex
quote:
They both received and/or receiving government money in order to boost clean energy usage within the United States and both lost money, a lot of money while having rosy projection numbers. Not sure what is so hard to see here.
Receiving government money is the only thing they have in common. If that’s your measuring stick then Ford, Solyndra, Buc-ees, Exxon, Bob the farmer, Joe the rancher, John in Louisiana whose house flooded are all exactly the same.
Posted on 3/29/23 at 2:29 pm to sidewalkside
quote:
Can you two just kiss and make up? It hurts all the OT baws to watch family tear each other down like this.
I dont take anything on here too seriously and I hope others don’t either. Posted on 3/31/23 at 11:41 am to billjamin
If I were a professional Uber or Lyft driver, I would definitely buy an EV and move within walking distance of a public charging station.
Posted on 3/31/23 at 11:45 am to dewster
quote:
Not sure I'd buy an EV that wasn't a Tesla product right now
Wait until the Vietnamese EV comes to the US. You guys haven’t seen a luxury EV as nice as what they have put together. Ford is a bankruptcy candidate within 7 years.
Posted on 3/31/23 at 12:06 pm to MrLSU
quote:
You guys haven’t seen a luxury EV as nice as what they have put together.
I will see your Vinfast and raise you a Rolls Royce Spectre.
Posted on 3/31/23 at 12:25 pm to MrLSU
quote:
Wait until the Vietnamese EV comes to the US. You guys haven’t seen a luxury EV as nice as what they have put together. Ford is a bankruptcy candidate within 7 years.
They might be nice but we’ll need to wait and see how their storage tech holds up. Right now it’s Tesla then everyone else racing to catch up.
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