this post was submitted on 14 May 2024

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Nearly all major car companies are sabotaging EV transition, and Japan is worst, study finds (thedriven.io)

submitted 4 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml

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[–] Code_a@lemmy.world 9 points 4 months ago

It isn't about development investment. It's about engines. Engines have long tail after sales profits from maintenance and parts. It's why Toyota recently unveiled their ammonia fueled engine and declared electric vehicles are dead. Electric engines remove a ton of after sales profits in the form of servicing, spare parts and upgrades.