Honda records its first-ever annual loss on a costly EV strategy

[catfish1957]

https://apnews.com/article/japan-automaker-honda-trump-oil-evs-b476547c889697a20e836e71de07335a

<snip>

TOKYO (AP) — Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming from President Donald Trump’s pro-U.S. policies.

The Japanese automaker said losses related to its EV operations are estimated to total 2.5 trillion yen ($16 billion), incurred mostly in the fiscal year just ended and the current fiscal year.
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I enjoy good news, and love a feel good story, where corporations feel pain for their bowing to the Enviro- Climate Scam.  First loss in corporate history (70 years).  Helpful hint:  Don't build shit, nobody wants.

[DefiantMassRINO]

If we don't have enough electricity for datacenters?  How the fudge are we going to have enough electricity for wide adoption of electric car charging and electric heat pumps?

If we completely rely on solar, wind, and battery storage for increased electricity supply, how much greater is the cost per additional kwh?

Electrification only makes economic sense if electricity is cheap and plentiful.

The Global Climate Change fraud was accomplishing the exact opposite - insufficient supply of expensive electricity.

The Global Climate Change fraud was economic suicide.

[IsailedawayfromFR]

If we don't have enough electricity for datacenters?  How the fudge are we going to have enough electricity for wide adoption of electric car charging and electric heat pumps?

If we completely rely on solar, wind, and battery storage for increased electricity supply, how much greater is the cost per additional kwh?

Electrification only makes economic sense if electricity is cheap and plentiful.

The Global Climate Change fraud was accomplishing the exact opposite - insufficient supply of expensive electricity.

The Global Climate Change fraud was economic suicide.

Funded by the Chinese who makes the components for wind and solar power while at the same time greatly expand its coal power generation.