Posts tagged losses
How Big Government and Big Labor Colluded to Get VW to Unionize
April 24, 2024 // Failure to meet government sales mandates will be met with massive fines that increase by leaps and bounds after 2026. California, the nation’s biggest auto market, will, for example, require that 35 percent of automaker sales be of battery-powered vehicles by 2026. Failure to meet that number will cost them $20,000 per vehicle for every vehicle below the threshold. The percentage jumps to 43 percent in 2027, 51 percent in 2028, 59 percent in 2029, and 68 percent in 2030 on the way to outlawing the sales of gasoline cars in 2035. Federal penalties are similarly harsh. Tesla aside (as an EV-only seller, it is not only exempt from penalties, but also receives generous subsidies), just 5 percent of sales today are electric, with 50 percent of EV buyers returning to a gas car when they go back to market.