Members of the Apple cult who were hoping to one day drive their iteration of an Electric Vehicle will be disappointed. After dropping billions into an effort to one day compete with Tesla Motors, The Tech Giant has cut the plug-in cord.
Apple wanted to develop new battery technology that would dramatically cut the cost of electric vehicles and wanted to develop software that would make their cars fully self driving. …
The news comes after Apple said last month that it was pushing back its timetable for debuting its electric car from 2026 to 2028, which comes as the electric vehicle market has fallen off significantly in recent years due to a wide range of consumer concerns.
What no one ever seems to say is Apple, despite its braintrust, easy access to China, and billions of dollars, couldn’t make it work. There was no path to a more affordable battery pack technology. They also didn’t say why, at least not in the reporting I found: inflation and the price hikes created by false demand.
Government policy has driven the development and manufacture of Electric Vehicles for which the general public has no use, even if they could afford one. The recent glut of inventory and an almost institutional retreat by car makers is back in the driver’s seat, with Apple not being alone in wasting billions. Domestic EV makers have reported similar losses from making EVs. Unions have expressed anger at the changing dynamic EVs bring to autoworkers who have lost jobs, pay, and opportunity. It’s gotten so bad that one government, Joe Biden’s, has decided the impending and inescapable planetary doom that precipitated their EV demands can wait until after the next election.
The New York Times reported earlier this month that the Biden administration was preparing to ease its push to force EVs onto American consumers as consumer demand for the vehicles remains low, dealerships have expressed serious concerns, and automakers have had to cut production and revamp production of gas vehicles.
The report said the move was a “concession to automakers and labor unions” from the administration, as it was forcing “limits on tailpipe emissions” to force Americans to switch from gas-powered cars to more expensive electric vehicles
It might be a useful bit of political art to remind voters that we were told we couldn’t wait until we could and that should you fall for this sleight of hand and vote for Democrats despite their crimes against common sense and the economy, they put the screws to you the minute they get back into office.
Their preferred priorities are a dead end that is voting them trillions.