|Re: The Electric Car Future.. I found the Achilles heel for Tesla... in 8-10 years it will have little if any value because of the battery replacement cost. Therefore ownership costs estimates have to include either a 24K battery replacement or 24K depreciation at the end of 10 years.... I'm on the edge.. it's gonna take a while before other people figure this out... mark this post|
Tesla or any electric then become what they are..expensive toys OR infrequently used vehicles to preserve battery life
ABOUT GROWING OLDER...
First ~ Eventually you will reach a point when you stop lying about your age and start bragging about it.
Second ~ The older we get, the fewer things seem worth waiting in line for.
Third ~ Some people try to turn back their odometers. Not me, I want people to know "why" I look this way. I've traveled a long way and some of the roads weren't paved.
Fourth ~ When you are dissatisfied and would like to go back to youth, think of Algebra.
Fifth ~ You know you are getting old when everything either dries up or leaks.
Sixth ~ I don't know how I got over the hill without getting to the top.
Seventh ~ One of the many things no one tells you about aging is that it is such a nice change from being young.
Eighth ~ One must wait until evening to see how splendid the day has been.
Ninth ~ Being young is beautiful, but being old is comfortable.
Tenth ~ Long ago when men cursed and beat the ground with sticks, it was called witchcraft. Today it's called golf.
And finally ~ If you don't learn to laugh at trouble, you won't have anything to laugh at when you are old
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| Reply to trendtn - Msg #2704825 - 12/05/2017 09:54|
The Electric Car Future
China Will Lead an Electric Car Future, Ford’s Chairman Says
Fords at an auto show in Guangzhou, China, last month. Ford Motor said Tuesday that it planned to introduce 15 models in China by 2025 that run at least in part on batteries.CreditBobby Yip/Reuters
By Keith Bradsher
Dec. 5, 2017
SHANGHAI — The world’s automakers are just starting to bet on an electric car future — and already, one of the most powerful people in the industry says that future belongs to China.
The Ford Motor Company said on Tuesday that it planned to introduce 15 battery electric or plug-in gasoline-electric hybrid car models in China by 2025. Speaking in Shanghai, Bill Ford Jr., Ford Motor’s longtime executive chairman, outlined why in an unusually blunt comment.
“When I think of where E.V.s are going,” he said, using an abbreviation for electric vehicles, “it’s clearly the case that China will lead the world in E.V. development.”
Ford Motor is far from alone. General Motors, Volkswagen, Daimler and other automakers have put big bets on the market for electric cars in China in recent months.
Still, Mr. Ford’s statement was notable given his own long-held ambitions to develop vehicles that run on something other than gasoline. Two decades ago, he drove an electric Ford Ranger compact pickup truck around the Detroit area even as his wife drove a gasoline-powered Lincoln Navigator sport utility vehicle.
China now appears to be behind that wheel. The government has taken a major role in electric car development and is pushing to dominate the market. Beijing hopes the push will add to its technological know-how, help address its pernicious pollution problems and curb its dependence on oil imports from politically volatile countries.
To achieve this, China is offering global automakers enticing financial carrots and threatening them with weighty regulatory sticks. State-controlled automakers have begun putting massive investments into electric car production. Meanwhile, Beijing has mandated that automakers must start selling large numbers of electric cars and plug-in hybrid cars or risk losing their right to sell gasoline-powered cars in China, now the world’s largest auto market.
“Certainly having the full weight and power of the Chinese government behind it gave them a pretty good head start,” said James Chao, a China automotive analyst at IHS Markit.
China is already the world’s dominant producer not just of electric motors but of practically all their components. Chinese companies even mine most of the valuable minerals, called rare earth metals, that go into the tiny magnets often used to make many of the motors.
Volkswagen has said that together with its Chinese partners it would invest almost $12 billion to introduce 25 models of electric cars in the Chinese market between 2020 and 2025. VW already planned to bring 15 electric models to the country by 2020.
Daimler AG, the maker of Mercedes-Benz and Smart cars, said at the Guangzhou auto show last month that it also planned a sharp increase in its electric car production investments, particularly for making the batteries.
“China will, in my view, be the biggest market for passenger cars for a very long time,” said Hubertus Troska, the company’s management board member responsible for China. Many of them, he added, will be electric.
General Motors, VW’s rival as the market leader in China, has put much of its electric car development effort in China and is laying plans to expand its electric car offerings here.
“Globally, but especially here in China, car companies are shifting and new companies emerging with a focus on electrified products,” Jennifer Goforth, the chief engineer of electrification at General Motors China, said in a statement on Tuesday afternoon.
Jason Luo, the chairman and chief executive of Ford China, said in an interview on Tuesday that the supply base for electric car parts is expanding rapidly in China thanks to automakers’ changing production plans. That makes possible the same kind of formidable economies of scale that have allowed China to become the world’s dominant supplier of everything from solar panels to drones.
Once that electric car parts volume materializes, Mr. Luo said, “I call it an inflection point,” producing a drop in prices and a takeoff in sales.
Ford Motor’s market research has also found that Chinese customers are less concerned than customers elsewhere with issues like an electric car’s range on a single charge, said Peter Fleet, the president of Ford Motor’s Asia-Pacific operations. That may partly reflect the fact that cars in China tend to be used mainly for driving within cities.
Mr. Ford has a long history of interest in alternative-fuel vehicles. As a young man, he has said in interviews, he toyed with becoming an environmental activist before deciding that he could make more of a difference in the world going to work in the company his great-grandfather founded.
Follow Keith Bradsher on Twitter: @KeithBradsher
China Hastens the World Toward an Electric-Car Future
The biggest automakers in the world are being forced to follow Beijing’s lead as China takes steps to dominate in electric vehicles and technology.
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Honda Motor Company showed its NeuV concept electric car at the Consumer Electronics Show in Shanghai in June.
A Risky Bet for Big Automakers: Electric Cars in China
G.M., Ford and Volkswagen are increasingly working on new energy vehicles in a country with a history of using what it learns to set up rivals.
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Image by Mike Cohen for The New York Times
California Today: Jerry Brown’s China Ace Card
Thursday: Jerry Brown confronts Detroit, Harvey Weinstein’s long shadow, Californians brace for higher taxes
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Workers inspected the Baojun E100 electric car at an assembly plant in Liuzhou, China, last week. The country is pushing to expand sales of electric cars.
China Craves Electric Cars, While U.S. Flirts With Ending Tax Credit
As American lawmakers weigh a repeal, automakers are gathering in China, a country demanding they sell more electric cars.
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The All-New DealBook
Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines — and the power-brokers who shape them.
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Cellphone users in Jodhpur, India, where Google sent a researcher this week to get feedback about apps. Google is changing core products in India to use less data and work better on low-end smartphones.
Rebecca Conway for The New York Times
Google Missed Out on China. Can It Flourish in India?
As major companies chase India’s new internet users, Google is changing core products to work better on low-end smartphones and use less data.
With 1.3 billion people, only one-third of whom are currently online, India has huge moneymaking potential for the services that secure a foothold.
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Brownstones on the Upper West Side of Manhattan. New York’s homeowners could suffer disproportionately from changes in deductions for state and local taxes.
Winnie Au for The New York Times
New Yorkers Would Suffer Under the Republican Tax Bill
The tax bill approved by the Senate disproportionately affects high-tax, high-cost and generally Democratic-leaning areas — most notably New York City and its neighbors.
If enacted into law, it could send home prices tumbling, increase the region’s tax burden and make it harder for local governments to pay for infrastructure.
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Amazon’s debut in the Australian marketplace featured only a few hundred sellers – or third-party vendors.
Joe Castro/European Pressphoto Agency
Amazon began operations in Australia, the start of what could be a shake-up of the country’s retail market.
The retail giant launched with a modest product offering, seeking to steal a piece of Australia’s retail sector.
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A CVS pharmacy in San Francisco. The planned merger of CVS Health is raising questions about whether the companies will benefit more than the consumer.
Justin Sullivan/Getty Images North America
CVS and Aetna Say Merger Will Improve Your Health Care. Can They Deliver?
The two major health players promise better care and lower costs, but skeptics question whether they can achieve those goals.
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Robin Wright, left, and Kevin Spacey in “House of Cards.” Ms. Wright’s character, Claire Underwood, the wife of Mr. Spacey’s Frank Underwood, will be the lead in the final season.
Robin Wright will star in the final season of “House of Cards,” after Kevin Spacey’s firing, Netflix said.
Ms. Wright will headline the hit Netflix show’s sixth and last season after Kevin Spacey was fired amid a series of sexual assault allegations.
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