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The Daily Telegraph is reporting an increasing number of older cars in use on UK roads (don’t blame them, there’s hardly any new cars around I’d spend actual money on if I had the money).
About 5.3 million cars are 15 years old or older, according to figures from car marketplace Auto Trader, up from just 1.7m in 2001. The number is on track to rise to 9.3m by 2032.
Lots of reports flying around earlier that switching to crappy electric cars is really biting Ford in the butt, with them said to be losing $60k for each one of the stupid things they make.
Ford lost roughly $60,000 per electric vehicle sold in the first quarter of 2023, as the electric division remained on track for roughly $3 billion in yearly losses, according to the company’s earnings report.#CostOfNetZero
👉 https://t.co/SBDZYAtRhQ pic.twitter.com/T4ut351Lvy
— Net Zero Watch (@NetZeroWatch) May 4, 2023
Continue reading “Electric Cars Are a Financial Disaster for Ford”