Sulfur hexafluoride, a gas 24,300 times more potent at creating the greenhouse effect than carbon dioxide, is being released into the atmosphere at an alarming rate as China seeks to expand its electric power grid.
The findings were from a new <a href="https://eaps.mit.edu/news-impact/atmospheric-observations-in-china-show-rise-in-emissions-of-a-potent-greenhouse-gas/">study</a> conducted by researchers at the MIT Joint Program on the Science and Policy of Global Change, Fudan University, Peking University, University of Bristol, and Meteorological Observation Center of China Meteorological Administration.
&#8220;Greenhouse gases differ widely in their global warming potential (GWP), or ability to absorb radiative energy and thereby warm the Earth’s surface,&#8221; MIT said. &#8220;For example, measured over a 100-year period, the GWP of methane is about 28 times that of carbon dioxide (CO2), and the GWP of sulfur hexafluoride (SF6) is 24,300 times that of CO2.&#8221;
Sulfur hexafluoride, SF6, is used &#8220;primarily in high-voltage electrical switchgear in electric power grids,&#8221; the report said, adding that atmospheric concentrations of the greenhouse gas have skyrocketed as the global demand for electric power increases.
The report said that the increase in SF6 in the atmosphere, which communist China is largely responsible for, threatens the world’s efforts to combat so-called &#8220;climate change.&#8221;
&#8220;The researchers found that SF6 emissions in China almost doubled from 2.6 gigagrams (Gg) per year in 2011, when they accounted for 34 percent of global SF6 emissions, to 5.1 Gg per year in 2021, when they accounted for 57 percent of global total SF6 emissions,&#8221; the report said. &#8220;This increase from China over the 10-year period — some of it emerging from the country’s less-populated western regions — was larger than the global total SF6 emissions rise, highlighting the importance of lowering SF6 emissions from China in the future.&#8221;
SF6 gasses that escape in the atmosphere last for more than a thousand years and with a negative impact 24,300 times greater than CO2, the stakes could not be higher as officials seek to force consumers to abandon gas powered vehicles and switch to electric vehicles which requires having a robust power grid.
“Any increase in SF6 emissions this century will effectively alter our planet’s radiative budget — the balance between incoming energy from the sun and outgoing energy from the Earth — far beyond the multi-decadal time frame of current climate policies,” says MIT Joint Program and CGCS Director Ronald Prinn, a coauthor of the study. “So it’s imperative that China and all other nations take immediate action to reduce, and ultimately eliminate, their SF6 emissions.”

Commissioning of the Nordring Berlin high-voltage line

MIT Study: Gas 24,000x More Powerful Than CO2 Being Released From Power Grid

China

Climate Change

Communist China

Electric cars

electric vehicles

Power

<a href="https://www.dailywire.com/topic/ford-motor-co" target="_blank" rel="noopener">Ford Motor Co.</a> announced on Thursday that it is delaying the production of two new electric vehicles and that it will instead focus on making more hybrid vehicles as consumer demand for electric vehicles continues to plummet.
The launch of at least two new three-row electric vehicles will be delayed from 2025 to 2027, the company said in a statement.
&#8220;The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology,&#8221; the company claimed.
&#8220;In parallel, Ford is expanding its hybrid electric vehicle offerings,&#8221; the company said. &#8220;By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.&#8221;
The New York Times <a href="https://www.nytimes.com/2024/04/04/business/ford-delays-electric-vehicles.html" target="_blank" rel="noopener">reported</a>:
<blockquote>Ford’s electric vehicle business lost $4.7 billion before interest and taxes in 2023. By contrast, the division that makes gasoline and hybrid vehicles for consumers made a $7.5 billion profit.</blockquote>
“Many companies rushed in too fast with E.V.s that were too expensive and there was not as much of a market for them as they thought,” Sam Abuelsamid, principal analyst for transportation and mobility at the research firm Guidehouse Insights, told the Times. “That’s made it a lot tougher to sell those vehicles.”
Numerous companies have been forced to <a href="https://www.dailywire.com/news/apple-ends-multi-billion-dollar-effort-to-build-electric-cars" target="_blank" rel="noopener">scrap their plans</a> to build electric cars, <a href="https://www.dailywire.com/news/mercedes-scraps-plan-to-only-sell-electric-vehicles" target="_blank" rel="noopener">cancel their plans</a> to go all electric, or in some cases are <a href="https://www.dailywire.com/news/ev-startup-fisker-halts-production-to-raise-emergency-funds-amid-cash-crunch-from-low-demand" target="_blank" rel="noopener">struggling</a> just to stay in business.
Consumers regularly have complained about the high prices of electric vehicles, their quality and reliability, the lack of charging stations, the time it takes to charge them, how inconvenient they can be, and their significantly decreased performance during cold weather conditions.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
Former President Donald Trump has <a href="https://www.dailywire.com/news/trump-campaign-vows-to-reverse-bidens-new-extreme-electric-vehicle-mandate" target="_blank" rel="noopener">vowed</a> to undo President Joe Biden&#8217;s electric vehicle mandate if he is re-elected this fall.
“Joe Biden’s extreme electric vehicle mandate will force Americans to buy ultra-expensive cars they do not want and cannot afford while destroying the U.S. auto industry in the process,” a Trump campaign spokesperson said in a statement. “This radical policy is anti-jobs, anti-consumer, and anti-American. It will destroy the livelihoods of countless U.S. autoworkers while sending the U.S. auto industry to China.”
“President Trump will reverse Joe Biden’s extreme electric vehicle mandate on Day One,” the statement continued. “He will protect the freedom of Americans to drive whichever vehicle they choose, enhance President Trump’s tough tariffs on Chinese-imported cars, and save the U.S. auto industry for generations to come.”
Related: <a href="https://www.dailywire.com/news/watch-buttigieg-mocks-people-who-dont-want-electric-vehicles" target="_blank" rel="noopener">WATCH: Buttigieg Mocks People Who Don’t Want Electric Vehicles</a>

2018 Geneva Motor Show – 2nd Press Day

Ford Delays Production Of New Electric Vehicles By Years As Consumers Sour On EVs

Business

Economy

Ford Motor Co.

Tesla

Oakland, California

Biden Plans To Destroy What’s Left Of The Economy With Ban On Gas Powered Vehicles

Biden Plans To Destroy What's Left Of The Economy With Ban On Gas Powered Vehicles

Automobiles

California

Gavin Newsom

Joe Biden

Opinion

Readers Pass

Eight states — California, Rhode Island, Maryland, Massachusetts, New Jersey, New York, Oregon, and Washington — and the District of Columbia are now on board with plans to ban the sale of gas-powered vehicles within the next decade.
The plans to phase out the vehicles and switch to electric and hybrid vehicles come as the Biden administration continues to pursue its <a href="https://www.nytimes.com/2024/03/20/climate/biden-phase-out-gas-cars.html" target="_blank" rel="noopener">lofty</a> climate goals in a struggling economy. The administration, for example, wants half of all new cars and trucks sold in 2030 to be zero-emission, despite <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">sputtering</a> EV sales.
All 8 of the states and D.C. have <a href="https://www.kbb.com/car-news/maryland-becomes-7th-state-banning-new-gas-car-sales-after-2035/" target="_blank" rel="noopener">adopted</a> the Advanced Clean Cars II rule, and will have an outright ban on the sale of new gas-powered vehicles after 2035.
California was the first to adopt the rule, aiming to have 35% of new vehicle sales emit zero emissions by 2026, and boosting that goal to 68% by 2030.
<a href="https://ww2.arb.ca.gov/our-work/programs/advanced-clean-cars-program/advanced-clean-cars-ii#:~:text=The%20Advanced%20Clean%20Cars%20II%20regulations%20take%20the%20state's%20already,100%25%20zero%2Demission%20vehicles." target="_blank" rel="noopener">According</a> to the California Air Resources Board, the regulation overhauls the state&#8217;s &#8220;growing <span class="c5aZPb" role="button" data-enable-toggle-animation="true" data-extra-container-classes="ZLo7Eb" data-hover-hide-delay="1000" data-hover-open-delay="500" data-send-open-event="true" data-theme="0" data-width="250" data-ved="2ahUKEwjepqqP4ZSFAxVu_8kDHST9DdAQmpgGegQIKBAD">zero-emission vehicle market and robust motor vehicle emission control rules and augments them to meet more aggressive tailpipe emissions standards and ramp up to 100% zero-emission vehicles.&#8221;
As <a href="https://money.com/states-banning-gas-powered-cars/" target="_blank" rel="noopener">noted</a> by Money, the states&#8217; plans to ban gas-powered vehicles have generally not required votes from lawmakers, but have been advanced with support from governors and environmental regulators.
The EV market has struggled in recent months, as highlighted by <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">The Daily Wire</a>. Ford, for example, had to cut 1,400 employees from its Rouge Electric Vehicle Center, rolled back the planned production number of the electric F-150 Lightnings in half, and slashed $12 billion in EV investments.
President Biden, however, is not slowing down when it comes to targeting the gas-powered vehicle industry. Earlier this month, Biden&#8217;s Environmental Protection Agency (EPA) set new eye-popping regulations in an effort to increase the number of electric vehicles on the road.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1711640026842000&amp;usg=AOvVaw3sOY2Bt9jMVsd927UJmEoT">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
The new EPA rules set emission standards for vehicles made between 2027 and 2032 and would eliminate more than 7 billion tons of greenhouse gas emissions, setting off concerns across the nation.
For example, Sen. Joe Manchin (D-WV) railed against the EPA&#8217;s move, calling it both &#8220;reckless&#8221; and &#8220;ill-informed.&#8221;
“The federal government has no authority and no right to mandate what type of car or truck Americans can purchase for their everyday lives,” the senator said. “This reckless and ill-informed rule will impose what is effectively an EV mandate without ensuring the security of our supply chains from nations like China and without a realistic transition plan that addresses our domestic infrastructure needs.”
<div class="HTMLModuleEnhancement" data-align-center="">
<div class="HTMLModuleEnhancement-item">
<div class="HTMLModuleEnhancement-embed">
<div class="HtmlModule" data-module-tracksubscribe="" data-gtm-topic="No Value" data-module-number="2" data-main-module-number="2">
Related: <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">Ford Cuts Production Of Electric Truck They Touted As The Future; Hiring Hundreds To Build More Gas Vehicles</a>
</div>
</div>
</div>
</div>

TOPSHOT-US-politics-government-pandemic-Covid-19

These 8 States Plan On Banning Sale Of Gas-Powered Vehicles As Biden EPA Tackles ‘Climate Crisis’

Environment

Politics

Former President <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump&#8217;s</a> presidential campaign fired back at President Joe Biden&#8217;s finalized plan unveiled on Wednesday that is considered to be the most extreme push in history to destroy the gas-powered car industry and force consumers to drive what will be, in effect, government-mandated electric vehicles.
&#8220;Joe Biden&#8217;s extreme electric vehicle mandate will force Americans to buy ultra-expensive cars they do not want and cannot afford while destroying the U.S. auto industry in the process,&#8221; a Trump campaign spokesperson said in a statement. &#8220;This radical policy is anti-jobs, anti-consumer, and anti-American. It will destroy the livelihoods of countless U.S. autoworkers while sending the U.S. auto industry to China.&#8221;
&#8220;President Trump will reverse Joe Biden&#8217;s extreme electric vehicle mandate on Day One,&#8221; the statement continued. &#8220;He will protect the freedom of Americans to drive whichever vehicle they choose, enhance President Trump’s tough tariffs on Chinese-imported cars, and save the U.S. auto industry for generations to come.&#8221;
The finalized rule was a concession to far-Left environmentalists who demanded the most aggressive effort ever to eliminate combustion engine vehicles.
The Washington Post, which called the effort “controversial,” <a href="https://www.washingtonpost.com/climate-environment/2024/03/20/biden-car-emissions-rules/" target="_blank" rel="noopener">noted</a> that the rule will force automakers to rapidly “ramp up sales of electric vehicles while slashing carbon emissions from gasoline-powered models.”
The Environmental Protection Agency (EPA) claimed that its national pollution standard, which could end up getting killed in the courts, would prevent more than 7 billion tons of carbon emissions, which it claimed would provide $100 billion in annual benefits to the U.S.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
A statement from the EPA claims that the rule will prevent &#8220;up to 2,500 premature deaths in 2055&#8221; and will reduce &#8220;heart attacks, respiratory and cardiovascular illnesses, aggravated asthma, and decreased lung function.&#8221;
American Fuel &amp; Petrochemical Manufacturers President and CEO Chet Thompson and American Petroleum Institute President and CEO Mike Sommers said in a joint statement that Congress needed to stop the extreme agenda.
&#8220;At a time when millions of Americans are struggling with high costs and inflation, the Biden administration has finalized a regulation that will unequivocally eliminate most new gas cars and traditional hybrids from the U.S. market in less than a decade,&#8221; the statement said. &#8220;As much as the President and EPA claim to have ‘eased’ their approach, nothing could be further from the truth.&#8221;
&#8220;This regulation will make new gas-powered vehicles unavailable or prohibitively expensive for most Americans,&#8221; the statement continued. &#8220;For them, this wildly unpopular policy is going to feel and function like a ban.&#8221;

US-VOTE-POLITICS-TRUMP

Trump Campaign Vows To Reverse Biden’s New ‘Extreme Electric Vehicle Mandate’

Donald Trump

Energy

The startup <a href="https://www.dailywire.com/topic/electric-cars" target="_blank" rel="noopener">electric car</a> company Fisker said this week that it is halting the production of its vehicles to raise $150 million in emergency funds as it grapples with a cash crunch spurred by a low demand for electric vehicles.
The California-based company, which says its mission is to &#8220;create the world’s most emotional and sustainable electric vehicles,&#8221; has barely produced over a thousand electric vehicles worldwide for the year.
&#8220;The company has approximately 4,700 vehicles in its currently inventory, carried over from 2023 and including 2024 production,&#8221; the company said. &#8220;While it has not completed an NRV analysis for 2024, Fisker believes the completed vehicle value for its inventory as of March 15, 2024, is in excess of $200 million.&#8221;
&#8220;Fisker will pause production for six weeks starting the week of March 18, 2024, to align inventory levels and progress strategic and financing initiatives,&#8221; it added.
Reuters <a href="https://finance.yahoo.com/news/ev-startup-fisker-sell-166-115743611.html" target="_blank" rel="noopener">reported</a> last month that signals from the car company indicated that there was &#8220;substantial doubt about its ability to continue&#8221; due to the financial health of the company.
The Wall Street Journal <a href="https://www.wsj.com/business/autos/electric-vehicle-startup-fisker-prepares-for-possible-bankruptcy-filing-26e63d32" target="_blank" rel="noopener">reported</a> last week that the company hired outside help to assist with a possible bankruptcy filing.
The company&#8217;s struggles comes as the Biden administration announced on Wednesday that it would continue its efforts to destroy the gas-powered car industry by implementing the most extreme pollution restrictions in history on automakers.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
The Washington Post, which called the effort “controversial,” <a href="https://www.washingtonpost.com/climate-environment/2024/03/20/biden-car-emissions-rules/" target="_blank" rel="noopener">noted</a> that the rule will force automakers “to ramp up sales of electric vehicles while slashing carbon emissions from gasoline-powered models.”
The Environmental Protection Agency (EPA) claimed that its national pollution standard, which could end up getting killed in the courts, would prevent more than 7 billion tons of carbon emissions, which it claimed would provide $100 billion in annual benefits to the U.S.
The announcement was met with swift backlash online across the political Right, who warned that Biden’s agenda would damage the American car industry.
&#8220;Biden’s latest ban on gas-powered vehicles and replacement with electric vehicles is another direct assault on consumer choice and the American way of life,&#8221; said Sen. Ted Cruz (R-TX). &#8220;It ignores the needs of American families in order to appease the radical environmental lobby at the expense of millions of jobs supported by the automotive industry. It’s time to put an end to this regulatory overreach.&#8221;
Related: <a href="https://www.dailywire.com/news/biden-finalizes-plan-to-kill-off-gas-cars-in-u-s" target="_blank" rel="noopener">Biden Finalizes Plan To Kill Off Gas Cars In U.S.</a>

SWITZERLAND-AUTO-SHOW

EV Startup Fisker Halts Production To Raise Emergency Funds Amid Cash Crunch From Low Demand

Money

Oil and Gas

President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> has finalized the most extreme push in history to destroy the gas-powered car industry and force consumers to drive what will be, in effect, government mandated electric vehicles.
The New York Times <a href="https://www.dailywire.com/news/biden-admin-backing-away-from-aggressive-push-for-electric-vehicles-as-consumer-demand-remains-low" target="_blank" rel="noopener">claimed</a> last month that the administration was going to back off its push to force consumers to only purchase EVs as demand for EVs has nosedived in recent years.
However, the administration ultimately caved to far-Left environmentalist groups and activists who demanded the most aggressive effort ever to eliminate combustion engine vehicles.
The Washington Post, which called the effort &#8220;controversial,&#8221; <a href="https://www.washingtonpost.com/climate-environment/2024/03/20/biden-car-emissions-rules/" target="_blank" rel="noopener">noted</a> that the rule will force automakers &#8220;to ramp up sales of electric vehicles while slashing carbon emissions from gasoline-powered models.&#8221;
The Environmental Protection Agency (EPA) claimed that its national pollution standard, which could end up getting killed in the courts, would prevent more than 7 billion tons of carbon emissions, which it claimed would provide $100 billion in annual benefits to the U.S.
The announcement was met with swift backlash online across the political Right, who warned that Biden&#8217;s agenda would damage the American car industry.
&#8220;Biden&#8217;s extreme climate agenda will crush America’s auto industry and its hard workers while making us MORE dependent on China,&#8221; said Republican Senate candidate Dave McCormick. &#8220;And the irony of it all? Biden will increase global emissions by restricting LNG exports and sourcing lithium needed for batteries from China&#8217;s mines!&#8221;
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
Sen. Ted Cruz (R-TX) responded: &#8220;Biden’s latest ban on gas-powered vehicles and replacement with electric vehicles is another direct assault on consumer choice and the American way of life.  It ignores the needs of American families in order to appease the radical environmental lobby at the expense of millions of jobs supported by the automotive industry. It&#8217;s time to put an end to this regulatory overreach.&#8221;
Sen. Tommy Tuberville (R-AL) called the agenda &#8220;restrictive and unnecessary,&#8221; and said that Americans should be able to &#8220;choose the best car for their needs.&#8221;

President Biden And First Lady Host Women’s History Month Reception

Biden Finalizes Plan To Kill Off Gas Cars In U.S.

Executive

Gasoline

A popular sports commentator revealed that an experience he had late this week with his electric car is making him reconsider driving the vehicle in the future.
PFT Commenter of the popular “Pardon My Take” podcast said on Friday that the nightmare story happened while he was driving to Indianapolis for the NFL Combine.
&#8220;I tried to save the environment and I ended up f***ing myself,&#8221; he said. &#8220;I have an electric car, very lib of me &#8230; I took it for the first road trip this week, I drove to Indy, and upon leaving it gives you like a calculation of how far you have left in your battery life to get to Indianapolis. So I charged it overnight, got it up to 100%. I left in the morning, it told me I would have about 15% battery left when I arrived in Indianapolis. And then there&#8217;s a charging station right here at Lucas Oil. So I was just going to hit that up and then drive back.&#8221;
&#8220;So as I start my drive, I&#8217;d say about 30 minutes into my drive, I looked down at the estimated battery remaining calculator that we have and it says now 12%,&#8221; he continued. &#8220;And then slowly but surely, every single mile that I drive, that percentage starts to dip, dip, dip, until now I&#8217;m down at like 5%, 4%, 3%, 2%. So I text the group I&#8217;m like, &#8216;Hey, developing situation here. My car might not make it to Indianapolis and I might need to get a ride from somebody else to take me the last leg.&#8217; So I go on my way and it gets down now to zero so I&#8217;m like okay, I&#8217;m screwed. I gotta find a charging station.&#8221;
He said that once the battery dipped down to 15% that he turned the volume on the radio down because he was concerned that it was draining the battery.
&#8220;So I had to find a charging station on the way which added about — I thought it was going to take about 15 — it added about 30 minutes to my trip,&#8221; he continued, adding that he was late getting to the event.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1709494169076000&amp;usg=AOvVaw3ahRXLXkjv1iXpVa_XB9YX">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
&#8220;I tried to save the environment, now I&#8217;m going full Taylor Swift mode, use as much energy as possible,&#8221; he added. &#8220;I&#8217;m going to fly places, I will fly a private jet from Chicago to Indianapolis instead of driving my earth saving electric cars. So that&#8217;s what I get for trying to save the environment for our children and our children&#8217;s children. F*** those kids, yeah because I&#8217;m going to be driving diesel now.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
WATCH: <a href="https://twitter.com/PFTCommenter?ref_src=twsrc%5Etfw">@PFTCommenter</a>’s Fyre Fest Of The Week was an electric vehicle roadtrip nightmare: 
“I tried to save the environment and I ended up f*cking myself.” <a href="https://t.co/osxwnGPKbR">pic.twitter.com/osxwnGPKbR</a>
&mdash; Conservative War Machine (@WarMachineRR) <a href="https://twitter.com/WarMachineRR/status/1763586816362283412?ref_src=twsrc%5Etfw">March 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

PFT Commenter

Barstool Sports’ PFT Commenter Details Electric Vehicle Trip Disaster: ‘I’m Going To Be Driving Diesel Now’

Media

U.S.

Tech giant <a href="https://www.dailywire.com/topic/apple" target="_blank" rel="noopener">Apple</a> has reportedly ended its decade-long pursuit to enter the electric vehicle market after spending billions of dollars on the effort known as Project Titan.
The Wall Street Journal <a href="https://www.wsj.com/business/autos/apple-car-project-canceled-ced2b626" target="_blank" rel="noopener">reported</a> that part of the reason Apple pulled the plug was that the company was lighting cash on fire trying to catch up to Elon Musk&#8217;s Tesla Motors.
“It makes no sense whatsoever for Apple to sell a car,” technology analyst Richard Windsor said last year. “Apple makes 40-50pc gross margins on the products it sells, and it will not make that on seats and steering wheels.”
Apple wanted to develop new battery technology that would dramatically cut the cost of electric vehicles and wanted to develop software that would make their cars fully self driving.
Some of the 2,000 employees Apple had working on the project will be transferred to other areas in the company while the rest will be laid off, the report said.
“Apple canceling this project is a sigh of relief for us,” said Dan Morgan, a senior portfolio manager at Apple shareholder Synovus Trust. “When you looked at Apple’s future initiatives, the car project was always the most far-fetched for Apple. This just isn’t in their wheelhouse.”
The news comes after Apple said last month that it was pushing back its timetable for debuting its electric car from 2026 to 2028, which comes as the electric vehicle market has fallen off significantly in recent years due to a wide range of consumer concerns.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
Mercedes-Benz announced last week that it was scrapping its plans to only sell <a href="https://www.dailywire.com/topic/electric-cars" target="_blank" rel="noopener">electric vehicles</a> after 2030 due to low consumer demand. The Verge <a href="https://www.theverge.com/2024/2/22/24080220/mercedes-benz-ev-only-sales-2030-back-off" target="_blank" rel="noopener">said</a> that the report showed a stunning turnaround for the German automaker from its pledge three years ago to completely phase out selling gas-powered vehicles by 2030 and to only sell EVs.
“Customers and market conditions will set the pace of the transformation,” Mercedes <a href="https://group.mercedes-benz.com/investors/share/outlook/" target="_blank" rel="noopener">said</a> in its fourth quarter earnings statement. “The company plans to be in a position to cater to different customer needs, whether it’s an all-electric drivetrain or an electrified combustion engine, until well into the 2030s.”
The New York Times <a href="https://www.nytimes.com/2024/02/17/climate/biden-epa-auto-emissions.html?smtyp=cur&amp;smid=tw-nytimes" target="_blank" rel="noopener">reported</a> earlier this month that the Biden administration was preparing to ease its push to force EVs onto American consumers as <a href="https://www.dailywire.com/news/hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles" target="_blank" rel="noopener">consumer demand for the vehicles remains low</a>, dealerships have <a href="https://www.dailywire.com/news/3700-u-s-auto-dealers-push-biden-to-scrap-unrealistic-ev-mandate-low-demand-even-with-incentives" target="_blank" rel="noopener">expressed serious concerns</a>, and automakers have had to <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">cut production and revamp production of gas vehicles</a>.
The report said the move was a “concession to automakers and labor unions” from the administration, as it was forcing “limits on tailpipe emissions” to force Americans to switch from gas-powered cars to more expensive electric vehicles — which often have performance issues in adverse weather conditions. The serious lack of charging stations, and the time it takes to recharge electric vehicles, are among other top complaints from consumers.

Apple China Promotion

Apple Ends Multi-Billion Dollar Effort To Build Electric Cars

Apple

Technology

Mercedes-Benz is scrapping its plans to only sell <a href="https://www.dailywire.com/topic/electric-cars" target="_blank" rel="noopener">electric vehicles</a> after 2030 as consumer demand for EVs remains lower than what automakers projected.
The Verge <a href="https://www.theverge.com/2024/2/22/24080220/mercedes-benz-ev-only-sales-2030-back-off" target="_blank" rel="noopener">said</a> that the report showed a stunning turnaround for the German automaker from its pledge three years ago to completely phase out selling gas-powered vehicles by 2030 and to only sell EVs.
“Customers and market conditions will set the pace of the transformation,” Mercedes <a href="https://group.mercedes-benz.com/investors/share/outlook/" target="_blank" rel="noopener">said</a> in its fourth quarter earnings statement. “The company plans to be in a position to cater to different customer needs, whether it’s an all-electric drivetrain or an electrified combustion engine, until well into the 2030s.”
The report said that the company only expects EV sales to reach &#8220;up to 50%&#8221; of their total sales by that point, indicating that it could be even less than half.
Tesla CEO Elon Musk, whose company is the world&#8217;s second largest EV manufacturer, said that Tesla expects to see significantly slower sales numbers this upcoming year.
The news comes after The New York Times <a href="https://www.nytimes.com/2024/02/17/climate/biden-epa-auto-emissions.html?smtyp=cur&amp;smid=tw-nytimes" target="_blank" rel="noopener">reported</a> earlier this month that the Biden administration was preparing to ease its push to force EVs onto American consumers as <a href="https://www.dailywire.com/news/hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles" target="_blank" rel="noopener">consumer demand for the vehicles remains low</a>, dealerships have <a href="https://www.dailywire.com/news/3700-u-s-auto-dealers-push-biden-to-scrap-unrealistic-ev-mandate-low-demand-even-with-incentives" target="_blank" rel="noopener">expressed serious concerns</a>, and automakers have had to <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">cut production and revamp production of gas vehicles</a>.
The report said the move was a “concession to automakers and labor unions” from the administration as it was forcing “limits on tailpipe emissions” to force Americans to switch from gas-powered cars to more expensive electric vehicles — which often have performance issues in adverse weather conditions. The serious lack of charging stations, and the time it takes to recharge electric vehicles, are among other top complaints from consumers.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
Ford <a href="https://www.dailywire.com/news/ford-cuts-production-of-electric-truck-they-touted-as-the-future-hiring-hundreds-to-build-more-gas-vehicles" target="_blank" rel="noopener">announced</a> last month that it was making significant cuts &#8212; around 1,400 employees &#8212; to the number of workers who produce its once-touted F-150 Lightning truck at the Rouge Electric Vehicle Center due to low customer demand.

London EV SHow

Mercedes Scraps Plan To Only Sell Electric Vehicles

Biden Administration

<a href="https://www.dailywire.com/topic/ford-motor-co" target="_blank" rel="noopener">Ford</a> said this week that it will make significant cuts to the number of employees who produce its touted F-150 Lightning truck as demand for electric vehicles continues to plummet.
Bloomberg News <a href="https://www.bloomberg.com/news/articles/2024-01-19/ford-cuts-production-of-f-150-lightning-electric-truck" target="_blank" rel="noopener">reported</a> that 1,400 employees will be cut from production at the Rouge Electric Vehicle Center, which is cutting all the way back to having a single shift.
Ford planned to produce around 3,200 F-150 Lightnings per week in 2024 at the Rouge Electric Vehicle Center in Dearborn, Michigan, which assembles all of the electric pickup trucks produced by Ford. Ford <a href="https://www.dailywire.com/news/ford-to-slash-planned-production-of-its-all-electric-f-150-in-half-citing-changing-market-demand" target="_blank" rel="noopener">announced</a> last month that it was cutting its production of the trucks in half, all the way down to 1,600 per week.
Ford has slashed $12 billion in EV investments as it struggles to sell its all-electric vehicles to consumers who have numerous concerns about transitioning from gas to electric, especially as retail prices for most EVs remain high.
Bloomberg News noted that the demand for gas vehicles remained so strong that the automaker was hiring approximately 900 new employees and transferring 700 employees who are being pulled off the F-150 Lightning to its Michigan Assembly plant to create a third shift of workers.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
The news comes after Hertz, one of the largest rental car companies in the U.S., <a href="https://www.dailywire.com/news/hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles" target="_blank" rel="noopener">announced</a> last week that it was dumping tens of thousands of electric vehicles from its fleet, citing low demand and high repair costs.
“The dramatic about-face, after Hertz announced plans in 2021 to buy 100,000 Tesla Inc. vehicles, underscores the waning demand for all-electric cars in the US,” Bloomberg News reported. “EV sales growth slowed sharply over the course of 2023, rising just 1.3% in the final quarter as consumers were put off by high costs and interest rates.”
U.S. consumers have had serious concerns about the electric vehicle market ranging from the price of the vehicles and the serious lack of charging stations throughout the U.S. to electric vehicles experiencing dramatic losses in their driving range during weather conditions that feature extreme cold or heat.
“The elevated costs associated with EVs persisted,” Hertz Chief Executive Officer Stephen Scherr said. “Efforts to wrestle it down proved to be more challenging.”
The company hopes that its decision to sell off 20,000+ electric vehicles better balances “supply against expected demand of EVs,” it said in a regulatory filing.
Morgan Stanley analysts said told Reuters that Hertz’s move should be a warning to the entire auto industry about the reality of the electric vehicle market, that they are not that popular and expectations for their growth need to be significantly reduced.
The news comes after nearly 4,000 auto dealers across the U.S. said in a letter to President Joe Biden late last year that his push to make two out of every three new cars sold by 2032 electric was highly unrealistic.
While there were good options for people wishing to buy electric vehicles, “the reality, however, is that electric vehicle demand today is not keeping up with the large influx of BEVs [Battery Electric Vehicle] arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots.”
The dealerships said they’ve seen a drastic shift in demand for electric vehicles in just the last year and that they are arriving on their lots faster than they can be sold despite “deep price cuts, manufacturer incentives, and generous government incentives,” the letter said.
“Mr. President, no government agency, no think tank, and no polling firm knows more about the automobile customer than us,” it continued. “Some customers are in the market for electric vehicles, and we are thrilled to sell them. But the majority of customers are simply not ready to make the change.”
Zach Jewell contributed to this report.

U.S.-DETROIT-AUTO SHOW-NAIAS

Ford Cuts Production Of Electric Truck They Touted As The Future; Hiring Hundreds To Build More Gas Vehicles

<a href="https://www.dailywire.com/topic/gas-prices" target="_blank" rel="noopener">Hertz</a>, one of the largest rental car companies in the U.S., is dumping tens of thousands of electric vehicles from its fleet, citing low demand and high repair costs.
&#8220;The dramatic about-face, after Hertz announced plans in 2021 to buy 100,000 Tesla Inc. vehicles, underscores the waning demand for all-electric cars in the US,&#8221; Bloomberg News <a href="https://www.bloomberg.com/news/articles/2024-01-11/hertz-to-sell-20-000-evs-in-shift-back-to-gas-powered-cars" target="_blank" rel="noopener">reported</a>. &#8220;EV sales growth slowed sharply over the course of 2023, rising just 1.3% in the final quarter as consumers were put off by high costs and interest rates.&#8221;
U.S. consumers have had serious concerns about the electric vehicle market ranging from the price of the vehicles and the serious lack of charging stations throughout the U.S. to electric vehicles experiencing dramatic losses in their driving range during weather conditions that feature extreme cold or heat.
“The elevated costs associated with EVs persisted,” Hertz Chief Executive Officer Stephen Scherr said. “Efforts to wrestle it down proved to be more challenging.”
The company hopes that its decision to sell off 20,000+ electric vehicles better balances &#8220;supply against expected demand of EVs,” it said in a regulatory filing.
Morgan Stanley analysts said told Reuters that Hertz&#8217;s move should be a warning to the entire auto industry about the reality of the electric vehicle market, that they are not that popular and expectations for their growth need to be significantly reduced.
The news comes after nearly 4,000 auto dealers across the U.S. <a href="https://www.dailywire.com/news/3700-u-s-auto-dealers-push-biden-to-scrap-unrealistic-ev-mandate-low-demand-even-with-incentives" target="_blank" rel="noopener">said</a> in a letter to President Joe Biden late last year that his push to make two out of every three new cars sold by 2032 electric was highly unrealistic.
While there were good options for people wishing to buy electric vehicles, “the reality, however, is that electric vehicle demand today is not keeping up with the large influx of BEVs [Battery Electric Vehicle] arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots.”
The dealerships said they’ve seen a drastic shift in demand for electric vehicles in just the last year and that they are arriving on their lots faster than they can be sold despite “deep price cuts, manufacturer incentives, and generous government incentives,” the letter said.
<a href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" aria-describedby="sk-tooltip-9096" data-saferedirecturl="https://www.google.com/url?q=https://onelink.to/dwapp&amp;source=gmail&amp;ust=1700760801843000&amp;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG">CLICK HERE TO GET THE DAILYWIRE+ APP</a>
“Mr. President, no government agency, no think tank, and no polling firm knows more about the automobile customer than us,” it continued. “Some customers are in the market for electric vehicles, and we are thrilled to sell them. But the majority of customers are simply not ready to make the change.”

Behind the Scenes at the “Hertz Let’s Go?” Campaign featuring seven-time Super Bowl champion Tom Brady and celebrating the company’s huge investment in Electric Vehicles

Hertz Dumping Tens Of Thousands Of Electric Vehicles, Replacing Them With Gas Vehicles

Gas Prices

Menu