In February 2025 the average cost of electricity is 31.6% higher than it was 2016-2020

 The average price per kWhr was $0.136 for the five years 2016-2020.

 

 

Ontario's Doug Ford slaps 25% tariff on electricity bound for Minnesota, Michigan, and New York, threatens total cut-off

 

Ontario slaps 25% tax increase on electricity exports to U.S. in response to Trump’s trade war 

 

... “I will not hesitate to increase this charge. If the United State escalates, I will not hesitate to shut the electricity off completely,” Ontario Premier Doug Ford said at a news conference in Toronto. “Believe me when I say I do not want to do this. I feel terrible for the American people who didn’t start this trade war. It’s one person who is responsible, it’s President Trump.” ...

Quebec is also considering taking similar measures with electricity exports to the U.S. ...

Ford estimated it will add about CA$100 ($69) a month to the bills of each American affected. “It needs to end. Until these tariffs are off the table, until the threat of tariffs is gone for good, Ontario will not relent,”  Ford said. ...

Ford’s Progressive Conservative government just won reelection by standing up for Canada against Trump. ...

Fascist Musk, Fascist Tesla: The electric car company would have been unprofitable for seven consecutive years through 2020 without selling its phony government carbon credits to other dirty automakers

 

 Elon Musk’s business empire is built on $38 billion in government funding

... Musk is one of the greatest beneficiaries of the taxpayers’ coffers. ... He has been a big beneficiary of national industrial policy, especially Democrat industrial policy, through government funding. ...

About a third of Tesla’s $35 billion in profits since 2014 has come from selling federal and state regulatory credits to other automakers. The credits are given to automakers that meet certain standards, including selling a certain percentage of zero-emission vehicles. Tesla is the largest seller of these credits to automakers that don’t meet the standards and want to avoid paying a fine.

These credits played a crucial role in the company’s first profitable quarter in 2013 and its first full year of profitability in 2020, according to Securities and Exchange Commission filings. Without the credits, Tesla would have lost more than $700 million in 2020, marking a seventh-consecutive year with no profits, according to an analysis of SEC filings.

With the credits, the company instead reported a $862 million profit.

While Musk has advocated for ending the EV tax credit for consumers, he has said little about these regulatory credits. ...

Nearly a tenth of government money that has benefited Musk’s companies comes from agencies in eight states, including California. ...

In 2016, SpaceX’s success in securing federal contracts prompted rival Jeff Bezos, founder of Blue Origin (and owner of The Washington Post), to say in a company meeting: “Elon’s real superpower is getting government money,” The Post reported. “From now on, we go after everything that SpaceX bids on.”

More.

Musk's many government subsidized businesses are just the currently most prominent examples of American fascism. For bigger ones simply look into the defense industry, the energy industry, or healthcare, or Amazon's early no-sales-tax arrangement which allowed it to become the retail behemoth that it is. President Eisenhower warned us about this long ago, but we're so used to it now that we just take it all for granted.

Real capitalism is swallowed up by the combine between the taxation authority holding a gun to your head, taking your money, and giving it to the corporations.

That's the racket. That's the American way.

In Jan 2025 the average price of utility natural gas is 49% more than the 2017-2020 average

 The average price of utility natural gas was $1.04 per therm 2017-2020.

In Jan 2025 it costs $1.55, 49% more.

Since about 10% of natural gas production is diverted to LNG export for big profits, most of the increase is related to diversion of natural gas from heating to electricity production because of the lunatic policy of retiring massive amounts of coal electric generation capacity.

It makes heating your home much more expensive, and keeping the lights on much more expensive at the same time.

Thanks for nothing, green energy assholes. It's 22 degrees F and snowing in Grand Rapids, MI.

New all time high for the average price of electricity in the United States: $0.179/kWhr January 2025

 

Global coal electric capacity hit 2,175 gigawatts in 2024

China added nearly 31gw of new coal electric capacity in 2024 and India nearly 6gw while the US retired almost 5gw, according to the story:

. . . U.S. exports of coal have been rising steadily to satisfy growing global demand for the world’s dirtiest fossil fuel, even though its domestic consumption has decreased.

On top of that, the world’s coal capacity reached a new record high of nearly 2,175 gigawatts in 2024, data from Global Energy Monitor showed on Feb. 6. Coal capacity is the overall power output that can be generated from coal-fired power plants. ...

More. 

According to Electric Power Annual for 2023 at the US Energy Information Administration, existing US coal electric capacity is down to 193gw, behind natural gas at 572gw and ahead of wind at 148gw. Nuclear is still a distant fourth at 100gw from 93 existing utility-scale generators.

Kevin Dowd: close the border, eliminate regulations, end the war on fossil fuels, cancel electric vehicle mandates, do a little dance

 

 

 Kevin Dowd takes over for Maureen Dowd on Thanksgiving, here:

 

Trump promises a return to common sense and has been given the tools to accomplish it with an electoral mandate and all three branches of government on his side. He cannot squander it. He must not get bogged down in petty disputes and perceived slights. ...

There are things he can do right away to make a difference: close the border, eliminate regulations, end the war on fossil fuels and cancel EV mandates. ...

He should move forward without rancour or grievance, fuelled by the joy of the Trump Shuffle, his robot-like dance that has broken out at UFC fights and across the NFL. I’m going to have the younger members of the family teach it to Maureen on Thanksgiving.

Kamala Harris would have beaten Donald Trump but she had to stop on the way to victory and recharge her car

 

Electric carmaker Lucid books nearly $1 billion net loss in 3Q, hopes to produce 9,000 vehicles by the end of 2024 vs. 8,428 in 2023

Well whoop-de-do!

They're flying off the shelf lol.

Lucid Group stock ended 2020 at about ten bucks a share, popped above $50 a couple of times in 2021, and is now worth $2.30 lol.

 

The company’s net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier.

Lucid CEO Peter Rawlinson described the quarter as a “landmark” for the company, citing record deliveries of 2,781 units as well as cost-cutting measures. He also noted that the company hit financial and production targets. ...

The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. ...

Lucid’s stock has been under pressure this year amid widening losses, slower-than-expected sales and significant cash burn.

More.

Stellantis-owned Jeep's US sales are down 34% since 2018, now cuts Jeep Gladiator production after ending internal combustion Renegade and iconic Cherokee

 

The electric vehicle idiots running this company into the ground should all be fired. Just build reliable combustion engine SUVs people can afford and don't start on fire while parked in the garage.

How hard can it be?

 

 Reported here in September:

Jeep’s U.S. sales have plummeted 34% from an all-time high of more than 973,000 SUVs sold in 2018 to less than 643,000 units last year. While most auto brands increased sales last year, Jeep was off by about 6%.

The most recent declines follow the company ending production last year of the entry-level Renegade and the Cherokee compact SUV — two mainstream models with peak U.S. sales of around 300,000 units annually from 2016 to 2019. ...

Jeep also is attempting to increase the quality and reliability of its vehicles, which have historically ranked below average in third-party rankings. ... Jeep on Monday confirmed it is cooperating with U.S. auto safety regulators on an investigation into more than 781,000 newer Jeep Wrangler and Gladiator SUVs after reports of underhood fires.

 

Reported here yesterday:

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo South Assembly Plant to cut production to one shift will better align output with demand of the Jeep Gladiator pickup — the factory’s sole product.

 

Ford Motor F-150 Lightning EV pick-em-up-truck sales are a JOKE, and the mainstream media propaganda stories don't tell you that, if they cover the story at all

  Ford sold 7,162 units of the Lightning in Q3 2024, up from the 3,503 units in Q3 of last year. ... Year-to-date, Ford sold 22,807 F-150 Lightning EVs. ... 

[22,807 units lol. Ford sold nearly 751,000 F-series pick up trucks in 2023, so that's like 3% of the 2023 total]

Overall, Ford’s all-electric vehicle sales in the third quarter of this year amounted to 23,509 units, up 12.2% from last year’s 20,962 vehicles. Year-to-date, Ford sold 67,689 EVs, up 45% compared to last year’s 46,671 units. ...

Ford sold 432,429 combustion-powered vehicles in the third quarter, down 2.8% year-over-year, and 1,340,139 units year-to-date, down 1.8% year-over-year.

Reported here. 

That means year-to-date total EV sales are just 5.05% of total combustion-powered vehicle sales year to date.

People aren't buying these dogs.

None of these stories mention these facts.

CBS: Ford to pause production of F-150 Lightning electric pickup trucks

CNBC: Ford to halt production of electric F-150 Lightning next month until January

MarketWatch: Ford to Pause Production of F-150 Lightning EV Pickup Trucks

Reuters, to it's credit actually reported some actual numbers: Ford to halt production of F-150 Lightning EV pickup trucks for six weeks :

Ford said this month its Ford-brand U.S. EV sales are up 45% this year and sales of F-150 Lightning more than doubled to 7,100 in the three months ending Sept. 30 - thought [sic] they still represent just 3.6% of all F-Series pickup sales.     

If Ford is smart it will abandon this boondoggle which is going to cost it $5 billion plus in 2024 and even more going forward and just stick with hybrids and hope Donald Trump fixes this mess.

Ford Motor loses $1.22 billion on electric vehicles in 3Q

 Ford’s “Model e” electric vehicle unit recorded losses of $1.22 billion during the third quarter — less than it lost a year earlier, largely due to lower volumes and cost cuts.

Ford CEO Jim Farley told investors Monday that the company continues to believe in its EV strategy; however, the automaker has pulled back on many investments in the vehicles to focus on hybrid models.

More.

Cheap gasoline prices were key to the Trump-era "boom" for the bottom half of income earners destroyed by the Great Recession

Reported here in "Inflation-shocked low- and middle-income Americans may not spend normally for years":

“For a very large share of Americans, the bottom 60% are spending more on essentials than before the pandemic,” said Michael Pearce, Oxford Economics deputy chief U.S. economist. “The burden is hardest among the lowest income but also touches middle income. Spending patterns of low-income Americans will take years to recover.” ...

The last time low-income Americans’ discretionary spending fell this much, which was during the Global Financial Crisis of 2007-2008, it took five to 10 years for spending patterns to return to previous levels, he said.

“And the reason was gas prices fell,” Pearce said. Global oil prices fell by about 70% between 2014-16, which pushed pump prices sharply lower and helped low-income Americans catch up.

“It’s harder to see some revolutionary cost saving (like that) on the horizon,” he said. 

          

Harder to see only if we continue with the green energy nonsense.

The opportunities are YUGE for Trump/Vance because ALL energy costs much more now.

It's not just gasoline. Get the government boot off the neck of fossil fuel producers and gasoline will come down, natural gas will come down, and electricity will come down. 

Base energy from coal should be transitioned to nuclear, which works in cold weather and hot weather without fail just like coal, unlike natural gas, wind, and solar, which are fine where appropriate but not as base energy, the energy you must have when you need it when the sun doesn't shine, the wind doesn't blow, and the gas won't flow.

J. D. Vance knows:

 

 

GM outperforms in 3Q assisted by pulling ahead truck production from 4Q lol, warns that and electric vehicles will be a drag man

 GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations

GM CFO Paul Jacobson warned earnings will be lower during the fourth quarter, citing timing of truck production, seasonality, lower wholesale volumes and vehicle mix, including selling more electric vehicles. ... some of the company’s third-quarter outperformance was assisted by the automaker pulling ahead some truck production from the fourth quarter ...

It's not just the government which borrows from the future.

Hurricane flooded electric cars going up in flames

17 in the wake of Hurricane Helene.

 

The average price of electricity in the United States remains at the all time high in September 2024, 31% higher than under Trump on average

 

By 2032 no more than 29% of new cars can be gas-powered, and Kamala Harris doesn't have to do anything to make it happen except get elected to protect the Biden EPA rule

 

That's one big reason why Kamala says she can't think of one thing she'd do differently than Joe Biden.

 The Environmental Protection Agency’s new greenhouse gas emissions rules require that battery-powered and plug-in hybrid vehicles make up 32% of auto maker sales in 2027. By 2032 no more than 29% of new cars can be gas-powered. Ergo, there will be only one gas-powered model for every two electric cars on dealer lots. ...

Auto makers must spend tens of billions of dollars to ramp up EV production to meet government mandates. The financial pain is growing for companies as sales of gas-powered cars decline, reducing profits available to invest in the EV “transition.” ...

A UAW study in 2019 projected that EVs would kill 35,000 jobs at its plants. “The workers who are making engines and transmissions today, their jobs will be eliminated when we make a transition to electric vehicles,” said UAW research director Jennifer Kelly.

More.

 

The New Way Forward is just another lie.

 

 

 

Are you ready for 67% all-electric vehicles by 2032, or 56% all-electrics and 13% plug-in hybrids, because that is what you will get if Kamala Harris wins and simply lets the EPA final rule from March play out

 Automakers could still comply with the final rule by making EVs account for 67 percent of new car sales in 2032, according to the EPA. But they could also meet the requirements by making all-electric vehicles account for 56 percent and making plug-in hybrids represent 13 percent, the agency said.

Story.

And we're not talking about hybrids which you don't have to plug in.

Kamala Harris is bent on abolishing combustion engine vehicles entirely, as she was in 2019.

 

 

Ford Motor sells 1.5+ million vehicles year to date, 67,689 of them EVs . . . 4.5% of the total 😂

 

The third-quarter results for Ford contributed to a 45% increase in EV sales this year through September to 67,689 units. That compares with GM on Tuesday reporting EV sales of 70,450 units through September, including a roughly 60% year-over-year rise during the third quarter. ...

Ford’s U.S. sales this year through the third quarter were up 2.7% compared with a year earlier to more than 1.5 million vehicles sold. 

More.

EVs represent just 4.9% of GM's 1.95 million vehicles sold year to date.

Meanwhile the top selling vehicles of 2023 were pick'em up trucks. The Ford F-series was numero uno at 750,789 units, followed by the Chevy Silverado at 543,780 units.

CNBC's enthusiasm for the tiny EV component competition between the big two, separated by 2,761 EV units, is . . . comical.

GM reported a 2.2% drop in third-quarter sales compared with a year earlier, slipping to 659,601 vehicles sold, 32,100 of which were EVs 🤣

. . . the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles — spanning a price range of roughly $35,000 to more than $300,000 . . . 😂😂😂

 

 

 

 

 

 

 

 

 

https://www.cnbc.com/2024/10/01/gm-third-quarter-sales-2024.html

Just look at these puny numbers!