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Americano
The case for energy humanism
Feb 27, 2025
Robert Bryce, an energy expert and author of "The Question of Power," dives into the complexities of global energy and electric vehicles. He highlights Ford's staggering $17 billion losses due to its EV strategy and critiques government subsidies that drive automakers into unprofitable terrain. Discussing energy humanism, he shares a personal story that illustrates the importance of energy access. Additionally, Bryce explores China's and Russia's influence on climate policies and the radical shift in the environmentalist movement amid changing political landscapes.
28:04
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Quick takeaways
- The staggering financial losses faced by Ford in the EV market underscore significant inefficiencies and misallocations within the automotive industry driven by government policies.
- The concept of 'energy humanism' highlights the essential role of energy access in personal and societal development, advocating for policies that prioritize human progress over restrictive measures.
Deep dives
Ford's Financial Struggles in the EV Market
Ford has faced staggering losses in its electric vehicle (EV) segment, accumulating $17 billion in deficits since 2022. The company projects an additional $5 billion in losses for the current year, averaging around $50,000 lost on each EV sold. This financial downturn highlights significant misallocations of capital within the automotive industry, where many companies, including rival automakers, are experiencing similar challenges in selling EVs. The lack of consumer demand and the impact of government policies, such as subsidies and mandates, have further complicated the market dynamics, leading to a reevaluation of investment strategies in the EV sector.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode