The Democrats’ dreams of forcing EVs (electric vehicles) on everyone is not going as smoothly as they hoped. There are many issues with them, no matter how many billions they use to subsidize their insanity.
And those billions are not necessarily bribing the automakers to do what they want. Much of the UAW strike is about the future of their jobs under an EV market; customers are complaining about the need for more charging stations; community members are pushing back against battery plants in Michigan…And now Honda and General Motors say that they are no longer pursuing their partnership to create “cheap” EVs.
Of course, what’s cheap to some people is not anywhere near affordable to others. Instead of a $60K EV, Honda and General Motors were looking at making EVs that were under $30K. But according to the Daily Mail, the automakers are scrapping their $5 billion plans to work together on the EV project.
Citing an industry-wide slowdown in EV development, costs and logistical challenges, the automakers, who had agreed to combine powers to “slash the battery costs on eco cars,” announced that their project has been cancelled.
Honda CEO Toshiro Mibe told Bloomberg, “After studying for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV.”
And there’s the rub. You really can’t make an “affordable” EV.
The automakers can search for a solution separately all they want but the other FACT is that people don’t want them. Honda’s goal is to only sell electric vehicles by 2040. Good luck with that.
In an August poll by the Energy Policy Institute at the University of Chicago and the Associated Press-NORC Center for Public Affairs, only 19% of U.S. adults said they were enthusiastic about buying an electric vehicle and 47% said they were unlikely to look at an EV.
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