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Ford Admits Their Risky EV Gamble Hinges on Government Coercion

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(Climate-Science.Press) – Who could possibly have predicted that the promises of Politicians aren’t worth the paper they are written on?

“Ford UK says any delay on government petrol car ban risks EV transition

Ford said dropping the [British] 2030 deadline would be a mistake, and hinted it could put further investments at risk.

“The UK 2030 target is a vital catalyst to accelerate Ford into a cleaner future,” Ford UK chair Lisa Brankin said in a statement on Wednesday.

“Our business needs three things from the UK government: ambition, commitment and consistency. A relaxation of 2030 would undermine all three.”

Is anyone awake in shareholder land? Who put the fools who bet the futures of their businesses on the trustworthiness of politicians in charge of major automobile companies?

To my knowledge, only one automaker called it right, and defied the senseless EV stampede. Back in May, Ferrari announced they had no plans to phase out internal combustion…

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This post first appeared on Southern Nation News, please read the originial post: here

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Ford Admits Their Risky EV Gamble Hinges on Government Coercion

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