this post was submitted on 26 Dec 2024
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libertarianism

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Most people live their own lives by that code of ethics. Libertarians believe that that code should be applied consistently, even to the actions of governments, which should be restricted to protecting people from violations of their rights. Governments should not use their powers to censor speech, conscript the young, prohibit voluntary exchanges, steal or “redistribute” property, or interfere in the lives of individuals who are otherwise minding their own business.

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[–] AA5B 1 points 1 month ago* (last edited 1 month ago)
  • Tesla is profitable selling only EVs.
  • Hyundai/Kia is making well above operating cost and will have made back its R&D to start earning a profit on EVs in about two years
  • BYD is profitable with EVs, after govt support for R&D and setting up factories
  • GM learned a lot from Bolt and expects to make back R&D and turn profitable in 2-3 years with its next generation Bolt

So yes, there’s a big transition cost, but manufacturing EVs already is profitable for companies who have made the transition and are selling in significant numbers.

It’s only legacy manufacturers who have not made the transition, who are not yet selling EVs in significant numbers, who are not profitable. It’s in our society’s best interest and these legacy manufacturers best interest to help subsidize the transition, prompt them to move faster, grow the market a bit faster- if they were selling EVs in significant numbers, like Hyundai or GM, they’d also find them profitable or about to turn profitable