Ford (F) wants the Feds to help it build and market an electric car. The vehicle manufacturer argues that if Congress does not give incentives to citizens who want to buy the expensive motor cars, they will go unsold. A car with a battery is more costly than the current generation of gas cars. But, if everyone had one, the Arctic ice ledge would stop melting.
The odd thing about this is that Toyota (TM) and Honda (HMC) plan to launch battery cars of their own. They have not been around to see anyone in Washington about getting a special deal for their customers. Or, if they have done it, the meetings have been kept from the public eye.
Detroit has evolved to the point where it does not want to really be in the car business, using the normal economics of profit and loss. It wants to be in the business of having part of its support from the government and part from its customers. Rebates are a way to drive revenue just as certainly as getting a check is.
Does the electric car have a future? It may, if it is left in the hands of the Japanese. They have made money selling tiny cars when the profits on SUVs and pick-ups were better. They have made money on hybrids, which cost more than comparable gas models.They make money because they make more efficient use of capital and their manufacturing facilities.
Congress may help Detroit with the marketing of the electric car, but the legislative body ought to get a commission.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
