EV maker Lucid is losing $338,000 per car, Rivian losing $33,000 per truck

[Nemesis]

@Smyrna

@Nemesis

I love the idea and concept of EV but the harsh truth is they remain unaffordable for many plus the US does not have the infrastructure to make them viable as a mass consumer purchase

A few months ago I was in the market for a new car, looked at a couple of EVs but ended up buying a Tucson because I got all the bells and whistles I wanted at a price that did not break the bank.

Maybe a hybrid is the way to go next time.

I’ve dealt with EVs now for over a decade. The Chevrolet Volt was IMO one of the best buys applying electric that’s been created so far and yet…it wasn’t profitable because it didn’t sell well. It had virtually no problems with design either. One thing I enjoy about driving them is regenerative braking. You must think ahead of hills and stop signs/lights and remove your foot from the throttle, allowing the car to recover as much of the energy used to get to the speed you were at. The braking is the force needed to run the generator for recharging your battery. There’s two speeds too. If you need to slow down faster, down grade the generator into a higher gear that generates even more power to recharge the battery but uses more of the inertia of the moving car. It’s like driving a video game.

If anyone knows this stuff its you. Even though you are a bit of a twat (said with love and affection) I would give you my business if you were nearer to me.

[SixFoot]

@Nemesis

I love the idea and concept of EV but the harsh truth is they remain unaffordable for many plus the US does not have the infrastructure to make them viable as a mass consumer purchase

Solar is the future of yachting though.

This particular model has already crossed the Atlantic ocean.

€3.4 Million Electric Yacht Tour : Silent 60

[DougBH]

Now imagine the losses without government subsidies.

[DougBH]

They make sense if you live in the suburbs, can put a charger in your garage, and have a second ICE car. That’s about it. And that market will saturate soon.

[Zippy]

@SixFoot

In all honesty, I’ve never heard of either two of these companies.

Not sure about the other one but Rivian is a Electric truck company. Rivian is 90% owned by Amazon and is contracted to provide EV delivery trucks to Amazon. They only have 2 consumer models. A truck and an SUV. The big selling point is power. The truck boasts 635 horsepower. I am not sure about anything else but I know I have made over 20% on the stock over the last 6 months.

[Rodeo]

@SixFoot

Well, I live out in the country, where things powered by batteries are usually called toys, and we usually buy them for people called children.

One of the greatest posts ever!

[Rodeo]

@Smyrna

One thing I enjoy about driving them is regenerative braking. You must think ahead of hills and stop signs/lights and remove your foot from the throttle, allowing the car to recover as much of the energy used to get to the speed you were at. The braking is the force needed to run the generator for recharging your battery. There’s two speeds too. If you need to slow down faster, down grade the generator into a higher gear that generates even more power to recharge the battery but uses more of the inertia of the moving car. It’s like driving a video game.

My friend that sounds way to complicated for my dumb self.

[STODR]

you get used to it fast. With a little bit of experience you don’t even use your brakes any more except from maybe under 10 mph. It catches me by surprise when I drive my ICE vehicle and it doesn’t do it.