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Mercedes-Benz scales back electric ambitions as EV pessimism grows
(arstechnica.com)
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this post was submitted on 22 Feb 2024
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Okay. He still handcuffed the EV market itself. To which the American companies have suddenly decided they can spend a few more years dumping their last ICE engines here.
Nope, not even close. Reality is that doing things with oversight takes time. Writing grant guidelines and requirements takes time. Reviewing bids, or whatever mechanism is chosen to allocate the very finite pool of money takes time. Adherence to financial regulations, as any Gov. program must, takes time. Permitting takes time. Construction contracting takes time. Construction takes time. And, oh look a year later and the charge stations are appearing.
Meeting the "instant gratification" crowd's expectations is how you lose most of the funding to waste and fraud.
It's not about the charging stations. That's what the other commenter was talking about. He made foreign EVs prohibitively expensive and domestic companies are shitting the bed. So your choice is a domestic EV that has quality control problems and is still the cost of a high trim ICE car, or pay luxury car price just to get a competent EV.
Or you can buy a very reliable ICE car for half the price.
Thus he handcuffed the EV market by artificially subjecting it to monopoly forces. Now everyone is suddenly wondering what went wrong like we're all blind.
Not a whiff of truth to any of that.
Go read the IRA. Look up what's eligible for the rebates now versus before.
Go read the the Infrastructure Investment and Jobs Act and catch up to reality.
Buddy they didn't reinstate the rebates.