Glen Boise
Well-Known Member
- First Name
- Glen
- Joined
- Aug 1, 2021
- Threads
- 23
- Messages
- 314
- Reaction score
- 299
- Location
- Kokomo, IN
- Vehicles
- Mustang Mach-E
- Occupation
- Retired
I do worry. Not because of their electric vehicles. Rather, because of the obsolete ICE capital that needs to be written off. The Big Three (VW, Toyota, Honda, etc.) are effectively "changing horses in mid stream".
Look at the history of railroads during the transition form steam to diesel electrics. All the old established companies eventually failed. Leaving outsider upstarts like EMD (backed by GM) and General Electric to thrive. (Though today EMD and the GE locomotives have been spun off to other companies like Caterpillar.) It may be the future is Tesla, Rivian and maybe somebody else as American brands.
Look at the history of railroads during the transition form steam to diesel electrics. All the old established companies eventually failed. Leaving outsider upstarts like EMD (backed by GM) and General Electric to thrive. (Though today EMD and the GE locomotives have been spun off to other companies like Caterpillar.) It may be the future is Tesla, Rivian and maybe somebody else as American brands.
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