FROM THE EVERYTHING CROTON MAILBOX: ELECTRIC CAR ISSUES, FIRES, PROBES, RECALLS: THE SHIFT TO ELECTRIC VEHICLES IS COSTING AUTOMAKERS BILLIONS

From time to time, the blog receives questions about assorted electric vehicle  issues especially -- in more recent months -- the Chevrolet Bolt.

Your editor is not an electric car enthusiast.  You may feel differently. However---as always--if you are considering such a purchase, please do your own due diligence.  You may also have an interest in this article from today's CNBC.  Whatever your decision, good luck.

FIRES, PROBES, RECALLS: THE SHIFT TO ELECTRIC VEHICLES IS COSTING AUTOMAKERS BILLIONS---8/19/2021

Key Points

• As the Biden administration pushes for half of new car sales to be electric vehicles by 2030, automakers that are spending billions of dollars to produce EVs are already having problems.
• The issues range from recalls due to vehicle fires or loss of power to cars not starting. The problems can prove especially costly when they involve batteries.
• GM missed Wall Street’s earnings expectations last week largely due to an $800 million recall of its Chevrolet Bolt EV following several reported fires. MORE FROM CNBC HERE.