View Single Post
      11-08-2019, 05:19 PM   #13
Gamb1t
Major
Gamb1t's Avatar
Canada
597
Rep
1,343
Posts

Drives: 330i,X1,Z4,Solstice GXP, RX-8
Join Date: Aug 2015
Location: Canukistan

iTrader: (0)

There's almost no profit to be made in EVs. That is the reason why traditional mfgs are taking their time to get on it. Tesla has just started turning some profit 4th quarter 2018 for the very first time. It's been making cars since selling the Model S in 2012. Earlier if you count the Roadster. I think they reported losses again this year.
The battery and infrastructure is not even close to maturity.
Combining all these.... I can understand why mfgs are not jumping in quickly especially there are still good profits to be had for ICE products. Also what happens when the government subsidies dry up for EVs? Here's an article.

I suggest folks to take a step back from the media or twittersphere and look at some facts.

I will no doubt buy an EV one day. But that day is still far away.
Appreciate 2