World News

32355 readers

271 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

773

Nearly all major car companies are sabotaging EV transition, and Japan is worst, study finds (thedriven.io)

submitted 6 months ago by [email protected] to c/[email protected]

109 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 6 months ago

It isn't about development investment. It's about engines. Engines have long tail after sales profits from maintenance and parts. It's why Toyota recently unveiled their ammonia fueled engine and declared electric vehicles are dead. Electric engines remove a ton of after sales profits in the form of servicing, spare parts and upgrades.