"Fundamental Change" Per Ford's CEO: " A need for shared mobility and to rent rides, because fewer people can afford vehicles. Electrification will make it worse." (Government Regulation Is At Fault)

Posted by freedomforall 1 year, 1 month ago to Politics
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Excerpt:
"There is so much buyer interest in the Ford Bronco – which isn’t electric – that Ford can’t build enough to meet demand and is actually offering people who ordered one $2,500 store credit to cancel their order in favor of something else.

Some have been waiting more than a year for a Bronco – which Ford revived for the 2021 model year (my review can be found here). It has been a hugely successful vehicle for Ford. It is – clearly – the kind of vehicle lots of people want to buy.

No subsidies – or mandates – needed.

In the old normal, Ford would build more Broncos to meet the market demand for them. The whole point of being in the car business once-upon-a-time being to sell as many vehicles as people wanted to buy. But we live in the New Abnormal. It is characterized by – among other things – the building of vehicles for which there isn’t market demand, because government requires them to be built.

Irrespective of whether they can be sold at a profit.

We all know which vehicles these are."
SOURCE URL: https://www.ericpetersautos.com/2023/02/01/paying-people-to-not-buy-what-sells/


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