What preceded the Carter years? A few minor hiccups like a (R) POTUS having to resign for being corrupt…after his (R) VP also had to resign for taking bribes.and OPEC cutting us off from oil…i am sure those things did not effect the economy at all…right?
Federal dollars that they didn’t earn, compete with the dollars that I’m spending that I earned. That’s inflation and costs our citizens money “we” can’t afford. Government spending should be very controlled.
Government mandates as in EVs have cost manufacturers billions of dollars that appear will have a strong, negative return. EVs weren’t being sought after by the market, there by inspiring creativity and competition to be the best. It was mandated and now after billions and billions invested, the market is NOT demanding it and automotive manufacturing is severely wounded. Presently, to adjust for their losses, they’ve raised the prices on their successful models but in turn have slowed their sales rate.
Our southern border is the perfect spotlight of government efficiency and competency. They need to stay out of business and do the job they were elected to do…period.
That is not what happened. American manufacters wounded themselves by chasing the model Y after the pandemic. Nobody forced them to build EVs to an price-point in excess of 60k. They got greedy and the American customer is punishing them for it.
For an apples to apples comparison, the Chinese Mach-E starts at over $30K in China. While BYD’s seagull starts below $10k. Same labor costs, same regulations, and Ford still can’t push competitively priced EVs out of its Changan plant.
The cheap Chinese car still lets you open the door with a physical key, unlike the American car which will trap babies and pets inside because it’s so incompetently designed.
American automakers are losing money on EVs because they made bad cars. That’s why they’re desperately afraid of competent Chinese EVs crossing the Mexican border.
They are losing money because the Government is forcing them to make something where there is little to no demand.
When America is ready, there will be a demand and competition to meet that demand will keep prices low. As is always the case, government interference perverts the markets.