Canada is given billions to companies to build electric vehicles. Great business to be in???
Does this make sense?
https://www.ctvnews.ca/autos/ford-ju...sold-1.6861922 This is sad… hilarious… maddening…. If there was a movie made… that to win… a country had to spend billions of dollars fast and get nothing in return… Canada wins! Woohoo.. Quote:
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As most people with common sense and an IQ over 60 know, so our politicians don't, virtue signalling can be expensive.
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LMAO |
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I don’t know… This Honda deal announced today (yesterday?) doesn’t look like such a bad deal. $15B investment and only $5B coming from the Feds and Ontario (read the Feds too, lol) sounds like a win, compared to the usual nearly 100% plus tax breaks for eternity type of deal they make with automakers. https://www.reuters.com/business/aut...da-2024-04-25/ Don’t think I would mind if something of the sort happened in Alberta. The devil is in the details, of course, and time will tell. Honda seems to be pretty cautious about this whole EV “boom”, even more so than Toyota. So I don’t think we are necessarily losing here. |
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Billions invested in an industry that is losing money, that is typical for liberal virtue signaling.
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Nahhh, I think it's good that we get into this. EV's are the future, juts like internal combustion replaced horses etc. This will build a solid industry with good jobs.
EV batteries are getting better and better every year. They just now have batteries coming out that are impervious to the cold and range losses because of that. Solid state batteries are on the way and on and on. And Alberta's hydrogen will take care of big industry and large transport (semi's, trains, planes). The growth potential for Canada and Alberta is HUGE! |
Hertz is getting rid of 20,000 of its EV rentals.
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I thought I heard this was going to create a 1000 jobs in ontario. The 15 billion invested is 15 million dollars per job created if my math is right. Sounds about right for the Jagmeet led lieberal mafia.
BW |
So the government has decided I need to subsidize electric vehicles, hmm, sounds like something from a dire straits song .. money for nothing..
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There is a silver lining in this cloud of political BS; the automaker wants to employ a vertical supply chain right down to the mining of the metals needed in the batteries. It’s a shot in the arm for Canadian mining industry.
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I have an idea. How about if Ford gives me $50,000 and they keep the EV. We can call it even. :sHa_sarcasticlol:
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You elect a clown, you get the circus.
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Was going to do the solar loan/grant thing for our house, but it was still financially out of reach for us, especially seeing that we aren't planning on living in that house for more than three or four years still. Instead, we're building plants for technology that will be potentially obsolete by the time the plant opens its doors, and we're hiring foreign workers to work there... I'm guessing there's more of some insiders' pockets being lined somewhere here... Quote:
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https://www.youtube.com/watch?v=AdtyF1f6vPg |
this is business as usual at the higher end of the food chain. billions in government funds distributed to "investors" in select companies which can be used as election propaganda. those funds are added to the national debt because the amount of current tax revenue won't cover it. just to add insult to injury, the bank of canada will be charging interest on the principal which was borrowed for this green environmentally friendly carbon neutral project. this is what happens when over half of the population is either illiterate or brainwashed and keep electing scam artists into power. the only thing that can fix it is a CME or an asteroid. the number of people who are aware of this politically acceptable fraud cannot vote them out of office because they are a minority.
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the govt of canada just spent 5 million of your dollars per job.
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How much corporate welfare have the liberals dished out so far, I lost track?
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Anyone want to get together and say were going to build EV's. I hear the government is handing out billions for these projects.
Can't really blame Honda or VW for taking these handouts. Just need to figure out how to get in line. BW |
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And if people say mining produces a lot of emissions, they are correct. Until hydrogen kicks in and fuels the mining equipment. |
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134 years later and I don't think I'd call them mainstream yet... https://evcharging.enelx.com/images/...c-vehicles.jpg |
EV's ? I predict one of the biggest gong shows man has ever attempted to pull off. Besides all of the logistics of cost , charging , re cycling and tearing / mining the sheet out of the world to build batteries its insane. People are buying into it ....like lemmings falling off a cliff. The major auto maklers who are the experts are getting their arses handed to them but in true corporate sleaze tactics to appease shareholders,"just wait we will be profitable". BS. Where are all the daisy sniffers that were pounding on drums and freaking out about pipelines ?? Just continuing to put a dagger in the Oil & Gas industries heart. :mad3:
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Seems like typical CTV, most of the info I've seen on the EV industry is saying the dealers won't put EV's on the lot now. They say the industry has sold what they can to the greenie crowd, achieved market saturation, and the market out there now, won't buy them due to range issues, price, and general lack of trust in the EV's. Big 3 cut back production pretty heavily in the last 6 mos, Toyota will build hybrids for now and is investing heavy into hydrogen. Most all of the articles I have read said Ford was losing 36k/unit on the average, GM wasn't doing any better and will be building hybrids more heavily, some say too big to fail may not save them this time. US has apparently banned Chinese EV's from being imported. Ford, GM and Stellantis have no money apparently. Toyota and Ford are both talking about doing away with what we know as dealership sales depts, and selling direct to consumer same as Tesla, order your car online.There are apparently a few different supplier plant builds on hold at present. Tesla is supposed to be going to build a 25k EV, but hasn't actually built the prototypes yet.
Seems like a smoke and mirrors artricel at best. |
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My wife has a 2024 Rav4 hybrid and it's an amazing vehicle. Until the battery technology improves, as well as the infrastructure for charging, telling everyone to get EV's is just silly. |
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