HawkInsight

  • Contact Us
  • App
  • English

Electric cars will be the next big failure in history?

Trump has stepped down from the position of President of the United States, but economic advisers under the Trump administration are still grabbing the show。Recently, the former White House economic adviser Steve Moore made a surprising statement in an interview, saying that the electric car market will be the next big failure in American history! At first glance, this statement is really scary, after all, the world's EV development is now in full swing, whether it is new automakers or traditional automakers, are vigorously developing electric vehicles, how can this be a big failure??In the face of doubt, Steve Moore's reasons are also simple and crude, saying that the auto industry is updating so fast that it's likely that automakers are trying so hard to build a blockbuster that no one wants it when it comes out.。He took Ford's classic Edsel as an example, once, Ford was betting that the Edsel would sell well without doing much market research, spending ten years building 500,000 Edsel in one go, and finally building a car that no one wanted at all, a huge loss of 3..500 million dollars。Moore also means that if today's electric cars continue to be built like this, they will one day collapse like Ford.。However, Moore is quite optimistic about hybrid cars. He thinks that a car can use both gasoline and batteries, which is a clever move.。

·Original

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.