TrainTrac
Well-Known Member
I think this is a "bold move" on Ford's part. I don't think the electric cars will sell that well, even with massive taxpayer subsidies.
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Even As The Government Invests Billions, Ford Backs Away From Electric Cars
Rob Port March 5, 2011
The federal government, under President Obama, has invested tens of billions into subsidizing the push for electric cars, and President Obama himself has called for 1 million electric cars to be on the road in five years.
But at the rate those cars are selling right now for Chevrolet, it will take centuries to get that many electric cars on the road and now one of Americas domestic car makers is backing away from them.
Because while the government is free to squander billions on a pipe dream, the folks at Ford have a duty to their stockholders and employees to manufacture cars people actually want to buy so that they can turn a profit.
Ford Motor Co. Chairman William Ford said Thursday that the auto maker is hedging its bets when it comes to electric car technology, noting uncertain demand for electric cars and other technologies could yet prove viable.
An electric version of Fords Focus model is expected next year. The car will follow the releases of electric models from General Motors Co. and Nissan Motor Co.
Electric is a focus of investment, Mr. Ford said during an appearance at The Wall Street Journals ECO:nomics Conference in Santa Barbara, Calif. But he added that, We still dont know what the winning technology is going to be. We're continuing to invest in hydrogen, were continuing to invest in bio-fuels.
Mr. Ford said that the company has no certainty that an electric grid will be developed that is capable of supporting droves of electric vehicles on the roads. Prior to the Model T, a third of all vehicles in this country were electric this isn't a new technology, said Mr. Ford.
The reason it died away was the ubiquity of charging, Mr. Ford said of electric car technology, adding that today, We have the same issue.
I have nothing against electric cars per se. There may be some applications in which theyre practical and work well. And one day we may see some evolution in technology that makes them useful on a broad scale.
But right now, even under optimal conditions, their range is just a few hundred miles (at best) between charges that take hours. They're small, and in colder climates the performance of the batteries that run them will deteriorate quickly.
Plus, they're horribly expensive. You can buy more car for less money by buying a gas-powered vehicle, and its more practical as well.
Ford gets it. For a lot of good reasons, Americans really don't want electric cars. The government should stop squandering our tax dollars on trying to shove them down our throats.
Source: <A HREF="http://sayanythingblog.com/entry/even-as-the-government-invests-billions-ford-backs-away-from-electric-cars/">Even As The Government Invests Billions, Ford Backs Away From Electric Cars</A>
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