Legacy Auto Converts To EV | But Who Really Wins?
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- čas přidán 25. 08. 2024
- The US is pushing to convert old legacy auto facilities to EV production. Sounds great, right? Well, not so fast! With taxpayers on the hook, and consumers getting squeezed, we look at who really benefits from all of this. To find out what's going on, stick around as Dave Takes It On.
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Dave Takes It On was founded in 2023 and focuses primarily on content about electric vehicles and issues that impact drivers. Dave is based in the North West of the UK and owns a Tesla Model S. He regularly travels around the country, so if you see him feel free to say hello. The channel is supported by his son Jonas, who helps with thumbnails, titles, and technical aspects of the channel.
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That’s the best overview of the financial situation of the carmaker industry I have seen. Thanks!
"Have subsidies ever worked" Yes. But only when used with tariffs. The USA used such devices early after its independence, in order to stop the already well established European companies it used both tariffs and government funding to establish its own industrial revolution. I think we can agree it was pretty successful.
Subsidies work in a few examples but particularly if they are temporary to overcome an issue…say EVs being too expensive until the costs reduce.
Thanks for that, makes a lot of sense. I always thought it was going to be tough for legacy makers to ramp down ice production and simultaneously ramp up evs and keep the company stable. I now understand a bit more about just how difficult it will be. Thanks
Hyundai sold 3 factories in China for massive losses to other Chinese car makers. As they were the only takers. One went for 50% of the cost to build it.
ICE factories are worse less than a rasbucknic… 😂
As always CEOs look for short term share prices. They will be running another company when the one they are in now goes bankrupt.
Subsidies and tariffs worked in Australia to keep GM and Ford an 80% market share for nearly 40 years, then they found a cheaper manufacturing model closed their factories here and took the money without so much as a; Thanks.
7:42) $42 Million for Fremont fab?
The Frunkin’ LAND in California is worth 10 times that!
Great financial update to really see the state of legacy!
An excellent synopsis of the unsustainable financial trap that corporations, politicians and lawyers have cleverly laid for us. Are we doomed or is there a sustainable way out?
According to Elon, Mars is the only way out - Earth is toast!
Great video
You’re right Dave!
Brilliant video. I suggest you also watch a few videos by Gary Stevenson.
Now we are seeing why EV's cost so much.
Cheers Dave
Thankfully Joe can afford to give plenty of money to any company with a UAW Union workforce. Whilst still pretending that Tesla does not exist.
Donald Trump also thinks EVs are good
Keep up this great work :)
A Billion $ shared among auto Cos. is irrelevant. VW spent $2.6 Billion to refit just ONE ICE assembly plant - it took them years, because VW previously relied on Grohmann Engineering (now Tesla Automation) to design factories. VW execs outsourced all their thinking- outsourced their 🧠🧠🧠🧠🧠🧠
Why do people in America Australia also talk English ?
Empire
My mum an dad got the house years ago and it was 3600 pound 😀
My revivifiers’ house weighs waay more than that!😂
👍
Hello mate
Sleepy Joe has done it again.