Because they started designing this 2 or 3 years ago. Canceling the project means no return on money already spent.Now that CAFE standards have been cancelled why electric now??
EVs can be amazing for the right use case, like mine. I doubt I will ever buy another new ICE car, unless it's a pickup.Now that CAFE standards have been cancelled why electric now??
Right, but that's sunk cost. Ask Dodge how much "recovery" they're making on the Hornet.Because they started designing this 2 or 3 years ago. Canceling the project means no return on money already spent.
Plus I do believe EV sales are still well above zero. It still has a market.
Sure, but if they don't try to make sales, then it's 100% loss. Even if they do fire sales they might still recoup some level--for all we know, some of the components bought for this model may have terms in the contracts about if the contract is canceled, the supplier might still be liable for some minimum amount.Right, but that's sunk cost. Ask Dodge how much "recovery" they're making on the Hornet.
CAFE wasn’t cancelled. The penalty fee structure has been greatly reduced.Now that CAFE standards have been cancelled why electric now??
Well, the initial investment would be 100% loss, sure. But my point is that if they can’t sell them for more than they cost to build, then producing them is additional loss, and the best financial outcome would be cutting your losses and moving on.Sure, but if they don't try to make sales, then it's 100% loss. Even if they do fire sales they might still recoup some level--for all we know, some of the components bought for this model may have terms in the contracts about if the contract is canceled, the supplier might still be liable for some minimum amount.
I'm sure someone ran the numbers, and thinks it's worth going forward.
They have been developing it way before now….Now that CAFE standards have been cancelled why electric now??