EV alternative for light/medium duty trucks
So much wheel spinning on EVs, what if they are not the right path forward? The biggest problem with renewable power and EVs is storage, the second is storage, and the third is storage. Another pat...
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Grit dog wrote:Yes it is all speculation. My take is that a person should not assume that a 10x expenditure is resulting in 10x the vehicles and profit.time2roll wrote:Grit dog wrote:Maybe the V8 remake is getting a bit too expensive.
Well GM just sunk a boatload of $ into the next gen V8 engine and about 10% of that boatload into EVs….
Which has nothing to do with the yuppie Lightning guy video, but whatever.
The 10% spent on an EV might make the same sales and profit as the boatload spent on continuing the V8.
You know I thought about that too. Then I realized that as a for profit company, it is highly likely that they are trying to maximize profit from both sectors and believe the $ invested to be appropriate for the expected return. No sense in nonsensical speculating as you’ve done.
My post is about perspective. So as not to assume GM is seemingly doing very little in the EV space just because there is an announcement on the capital being spent is much lower.
Otherwise it is easy to assume EVs will fade away and I believe that is just wishful thinking for many people and industries.
