Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Honda warns of $16bn hit on its pivot away from EVs (www.dw.com)

submitted 1 day ago by schizoidman@lemmy.zip to c/electricvehicles@slrpnk.net

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Japan's Honda expects to book extra costs of almost $16 billion as it recalibrates its electric vehicle strategy. It blamed US policy changes and tariffs in part, as well as reduced competitiveness in Asia.

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[–] matlag@sh.itjust.works 2 points 1 day ago

Worse than that: no car maker can survive on the US market alone, and every other market is transitioning towards EV, more or less aggressively. Pretty soon the only thing that will keep the ICE business alive are stupid policies to give them an artificial competitive advantage.

I really don't get what these CEOs have in their mind. At this stage I assume they're like big oil execs: maximize short-term revenue, and be long gone when shit hits the fan. But for cars, the end is even closer than for oil.