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Toyota to Spend $9 Billion on Electric-Car Battery Plants

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Old 09-08-21 | 10:06 AM
  #16  
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Originally Posted by AMIRZA786
LOL that's completely 100 percent avoiding the question I asked. I get that there are different types of Innovation. And like you, I love ICE. But why is it that people have no issues with their tax dollars subsidizing Gas and oil companies, but throw a fit when it comes to cleaner tech like EV's? That's all I want to know
I wasn't avoiding any question... I just said that innovation extends to modern ICE cars as well. I didn't want to get into it further because I disagree with the standard "Let the rich eat it, warmongers, etc." which is rhetoric I don't agree with and can't really talk about on here.
Old 09-08-21 | 10:07 AM
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Originally Posted by situman
No one as in Midnight Jan 1, 2030, everyone just gets up in the pajamas and set their ICE cars on fire or send it down a cliff or swear off ICE cars and rush to whoever is selling EVs? All of this in 8yrs time?
You and I both know that's not going to happen. We both know that's silly

Last edited by AMIRZA786; 09-08-21 at 10:15 AM.
Old 09-08-21 | 10:12 AM
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Originally Posted by AJT123
I wasn't avoiding any question... I just said that innovation extends to modern ICE cars as well.
OK, let me ask again. We know the US government subsidizes oil and gas. It's why the US has the cheapest gas prices in the world besides Russia. I can pull and post the docs and post the numbers. Why is that OK, but subsidizing EV's is not? I'm not advocating buying an EV, I'm just asking a question of why is OK to hand government money to the Koch brothers but no one else? And I agree with you on your last statement, but car companies are moving in a different direction, like it or not

Last edited by AMIRZA786; 09-08-21 at 10:17 AM.
Old 09-08-21 | 10:19 AM
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Originally Posted by AMIRZA786
OK, let me ask again. We know the US government subsidizes oil and gas. It's why the US has the cheapest gas prices in the world besides Russia. I can pull and post the docs and post the numbers. Why is that OK, but subsidizing EV's is not? I'm not advocating buying an EV, I'm just asking a question of why is OK to hand government money to the Koch brothers but no one else?
For many it's political. I couldn't give a hoot about politics on my car preferences. I own more ICE than EV but think the future will be much better with EV especially given the much more rapid progress we are seeing in that field.

I also don't think we should ban ICE by a given date. Let the market determine who the winner is over time.
Old 09-08-21 | 10:23 AM
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Originally Posted by AMIRZA786
OK, let me ask again. We know the US government subsidizes oil and gas. It's why the US has the cheapest gas prices in the world besides Russia. I can pull and post the docs and post the numbers. Why is that OK, but subsidizing EV's is not? I'm not advocating buying an EV, I'm just asking a question of why is OK to hand government money to the Koch brothers but no one else? And I agree with you on your last statement, but car companies are moving in a different direction, like it or not
Show me any other thing that's not an EV that has 300-400 miles of range or so. That's why.

Planes, ships, heating our homes in the winter.... It's not just cars that depend on oil and gas.

How long until jets abandon fossil fuels? I'm not an engineer but I have no idea how an electric motor would produce the thrust planes need. What about boats? Shipping vessels?

It's not quite as simple as "America subsidizes oil and gas".
Old 09-08-21 | 10:24 AM
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Originally Posted by EZZ
For many it's political. I couldn't give a hoot about politics on my car preferences. I own more ICE than EV but think the future will be much better with EV especially given the much more rapid progress we are seeing in that field.

I also don't think we should ban ICE by a given date. Let the market determine who the winner is over time.
It's impossible to ban ICE. It's not going happen, at least in our lifetimes. Anyone who repeats that is just repeating misinformation. But eventually EV's will become the dominant car, just like the smartphone pushed aside flip phones, which were all the rage once upon a time. Your absolute right, the market will determine in the end as people vote with their pocket books
Old 09-08-21 | 10:26 AM
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Originally Posted by AMIRZA786
It's impossible to ban ICE. It's not going happen, at least in our lifetimes. Anyone who repeats that is just repeating misinformation. But eventually EV's will become the dominant car, just like the smartphone pushed aside flip phones, which were all the rage once upon a time

People will keep their ICEs longer too. As it is, isn't the average age 12 years old of a vehicle now?
Old 09-08-21 | 10:32 AM
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Originally Posted by AMIRZA786
OK, let me ask again. We know the US government subsidizes oil and gas. It's why the US has the cheapest gas prices in the world besides Russia. I can pull and post the docs and post the numbers. Why is that OK, but subsidizing EV's is not? I'm not advocating buying an EV, I'm just asking a question of why is OK to hand government money to the Koch brothers but no one else? And I agree with you on your last statement, but car companies are moving in a different direction, like it or not
When did I have a problem with what the govt subsidize? I do have a problem when people think we just gonna wake up one day and throw away gas pwoered cars. Why not start a new thread talking about the politics that u love so much instead of on here?
Old 09-08-21 | 10:32 AM
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Originally Posted by AJT123
Show me any other thing that's not an EV that has 300-400 miles of range or so. That's why.

Planes, ships, heating our homes in the winter.... It's not just cars that depend on oil and gas.

How long until jets abandon fossil fuels? I'm not an engineer but I have no idea how an electric motor would produce the thrust planes need. What about boats? Shipping vessels?

It's not quite as simple as "America subsidizes oil and gas".
I'm not saying we abandon fossil fuels. I'm glad the US government subsidizes oil and gas because I like cheaper gasoline to power my cars and natural gas. That doesn't mean we can't transition over time to newer more efficient technologies over time. In order to do that we need to innovate, and unfortunately that needs money, and wealthy people are not going to fund new technologies unless they have an incentive. Just like oil companies won't explore new oil fields without tax incentives

Last edited by AMIRZA786; 09-08-21 at 10:36 AM.
Old 09-08-21 | 10:39 AM
  #25  
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Glad to see Toyota finally getting with the program
Old 09-08-21 | 10:42 AM
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Originally Posted by AJT123
People will keep their ICEs longer too. As it is, isn't the average age 12 years old of a vehicle now?
Yep. I plan to hold on to mine. Even if EV's become the dominant vehicle (and that's an IF), I plan to hold on to at least one or two of my ICE cars
Old 09-08-21 | 10:44 AM
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That is a huge amount of money. I have a really bad feeling these dumb politicians forcing EV's on the population for no logical reason are going to bankrupt/kill several automakers and make car ownership more expensive/complicated.
Old 09-08-21 | 10:51 AM
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Originally Posted by UDel
That is a huge amount of money. I have a really bad feeling these dumb politicians forcing EV's on the population for no logical reason are going to bankrupt/kill several automakers and make car ownership more expensive/complicated.
New technology is forced on everyone. I was a hardcore Blackberry user (remember those?) and swore I would never given them up. From a corporate IT standpoint there was nothing better for secure email communications. And yet today I have a OnePlus in my pocket and am happier for it. It's not politicians that will determine, it's people's pocket books in the end
Old 09-08-21 | 01:43 PM
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Folks please knock off the baiting or don’t post.

this is not a Tesla thread
Old 10-18-21 | 09:38 AM
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https://news.yahoo.com/toyota-build-...110236849.html

Toyota to build $1.29B US battery plant employing 1,750

FILE - The Toyota logo is shown on a dealership in Manchester, N.H., in this Thursday, Aug. 15, 2019, file photo. Toyota plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles. The plant location wasn't announced, but the company said it eventually will employ 1,750 people and start making batteries in 2025, gradually expanding through 2031. (AP Photo/Charles Krupa, File)


TOM KRISHER
Mon, October 18, 2021, 7:02 AM
DETROIT (AP) — Toyota plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.

The move comes amid a flurry of global announcements about shoring up production of batteries for electric vehicles. Most automakers are working to transition away from internal combustion engines to zero emission battery vehicles.

The Toyota plant location wasn't announced, but the company said it eventually will employ 1,750 people and start making batteries in 2025, gradually expanding through 2031.

The plant is part of $3.4 billion that Toyota plans to spend in the U.S. on automotive batteries during the next decade. It didn't detail where the remaining $2.1 billion would be spent, but part of that likely will go for another battery factory.

Stellantis, formerly Fiat Chrysler, and LG Energy Solution said Monday that they plan to build a battery manufacturing facility to help the automaker get 40% of its U.S. sales from vehicles that run at least partly on electricity by 2030. They didn't say where the plant would be.

Also Monday, the Taiwanese company that makes smartphones for Apple and others, Foxconn Technology Group, said it would produce electric cars and buses for auto brands in China, North America, Europe and other markets.

Volvo Cars on Monday unveiled more details of its initial public offering that will fund its ambitious plan to transform into an all-electric vehicle company by 2030. The Swedish auto brand, owned by Chinese carmaker Geely, said the IPO would value the company at 163-200 billion kronor ($18.8-$23 billion) when shares start trading Oct. 28.

And Ford Motor Co. announced that it will turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe.



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