How Electric Vehicles Will Change The Midwest Economy
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- Опубліковано 3 вер 2022
- After manufacturing's 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Researchers believe modern factory jobs will require more education and could be less available than they were in the past. They estimate that electric vehicles could require 30% less manufacturing labor when compared with conventional cars. "The lines that run to drive oil or gas around an internal combustion engine aren't going to be there," said Cooley.
Leaders in Washington hope two key pieces of legislation, the Inflation Reduction Act and the CHIPS Act, which were signed into law by President Joe Biden in August, will provide a bridge to that future. These laws authorize billions in incentives for businesses that pursue clean energy manufacturing.
Watch the video to learn more about how the electric vehicle revolution will impact the economies of states across the U.S. Midwest.
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How Electric Vehicles Will Change The Midwest Economy
Ruin the Midwest Economy? Where have you been the last 4+ decades while the general outsourcing of manufacturing absolutely destroyed local economies across these states? I grew up in Ohio and went to school in Indiana. People have been suffering economically in these states for a VERY long time. I was one of those "contract workers"/"temp"/"contingency worker" for Honda for several years in my early twenties. We were performing the exact same duties and processes on the assembly line as the Boomers working next to us making literally less than half their hourly rate. When I was at Honda, they were force retiring the older employees in large waves to make way for us temps, a far cheaper workforce hired by third party employment contractors like Addeco, Spherion, etc. I destroyed my body working 10+ hour days in just a few years at Honda at a measly $11.35 an hour. I imagine they still seriously abuse the hell out of their temps there. When I was there, we were only allotted 2 "emergency days", zero sick days, and only 2 paid days off after having worked over a year. And you better not run out of those days because the second you do, you're gone. The employee retention was absolutely absurd as, you know, sometimes you just can't avoid having to take a day off once in awhile. Probably the most grotesque practice though was how people were let go. No one tells you that you've been fired. You just find out when your access card no longer lets you in the building. How convenient it must have been not to have an HR department when you have temp agencies hire for you, right? I knew several amazing workers who had real emergencies that eventually resulted in their termination. Despite having a degree in Comparative Languages & Linguistics focused on Japanese and Spanish, I will NEVER even consider going back to work for a company like Honda. If any company desperately needed of a union, it's Honda Manufacturing of America and all of their OEMs located near Columbus, OH.
preach it
Yeah, but you guys are all problematic nazis I was told by people on reddit
Great point
Absolututely! I used to work for a diesel engine manufacturer that closed its 1 million square foot facility and now I work for an EV prototype facility.
Nice speech but bro this is a UA-cam comment section
Midwest economy was lost like 30 years ago.
America sold itself out. And those who did it are rich and sitting on their piles of money, away from the rest of the Society they sucked the life out of.
Like you'd know
@@samsonsoturian6013 JB's sentence tells me he does know.
@@tsb7911 That's weird. I've been living in Michigan for...almost 30 years now. Seems to be doing fine to me. In fact, GM is building a new $2 billion battery plant right next to one of their car manufacturing plants as I write this comment.
@@tevinvezina1766 Certainly the economy differs depending upon where you live in the state. Everything I've read tells me the MW has gone through some tough times. Things go in cycles, and the new GM plant is part of the comeback.
How do ruin something that's already ruined?? I primarily up in Cleveland, Ohio during the 1980's and 1990's. I watched the decline as manufacturers left and relocated to cheaper labor cities/countries. Why do you think it's called The Rust Belt now?
Even if the jobs come back, are enough skilled people to fill them ? - I mean most of those workers from the 80''s are retired... or dead.
Yep! Part of it was the powerful Unions. When management wanted to increase productivity or switch to more efficient tech, the unions demanded that the works get the primary benefit. Management said, "why bother?" The plants more and more became unnecessary and one by one were closed.
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
Bot
Traditional car manufacturers and their dealerships franchises have been ripping customers off for decades. They made themselves ripe for disruption and I'm glad their era is coming to an end.
Yeah this video was poo. But it got us morons to click.
How are they ripping you off if you have deal with inflation? The car price of the 60s isn't the same today.
Still ripping off the customers with all the excuses, chip shortages, inflation, logistics…. I would buy a EV if the price is close enough.
@@kedarupasani4758, the dealerships have such a stranglehold on my state (Connecticut) that you can not buy a Tesla here. Everyone who lives here and wants a Tesla; goes to New York. The dealership model needs to be destroyed.
You can get a brand new Internal Combustion Engine (ICE) vehicle for around $40,000, maybe less. The average price of an EV is $55,000, and that is after they have used your tax money to pay the EV manufacturers. The video explains that the new EVs are much less complex than ICE vehicles, and cost much less to assemble. It seems to me that EVs should cost much less. It seems that we are still being ripped off.
Have to get rid of dealerships from the equation. They are gouging out of control
Dealership =Stealerships
Buy a Tesla = problem solved
Anyone noticed the used car lots are shifting and vanishing quickly? No inventory, huge markups.
no more road trips 🥺🥺🥺🥺
The comments seem to be filled with fear. This is the natural progression of technology. Not many horses on the streets these days. My father was born in 1914 his first jobs involved knowing how to deal with a team of horses. I'm 72 years old and just purchased my first electric car. I grew up with muscle cars, they were an a blip on the radar of history.
It will likely be back to horses in another 40 years.
Give me $60,000. and I will buy an EV. If not, then I will continue to buy $2500. used ICE vehicles and drive them until I can't make them run anymore.
As usual,the middle & lower class will b left behind.
@@DanLyndon Your mind is so small not to realize green infrastructure is a way to cultivate economical stimulation through new jobs and further technologies. Fossile fuels have ran their course for engineering and the jobs associated with them less people want to work them and have no new sectors. EV is highly superior to the combustible engine for the average consumer. Get your head out your butt.
@@thomasmaughan4798 history will mirror itself but, it will mirror with the times
The part that struck me was that globalization is not the main culprit for the workforce going down in manufacturing. It's productivity going up. I have to agree after working in the automotive manufacturing. We're now more productive than ever with automation. The only problem is wages haven't matched productivity.
Its definitely a big culprit, but we didn’t really have the option to move away from globalization until the last 10 years.
That's because the productivity is due to new/better tools, not increased worker capability
Wages DID go up to where they are suppose to go. Factory line workers push a button for something to be built..why would their wages go up? The hardware engineers and software engineers that provided manufactures with the automation got paid pretty well. Their robots replaced 80% of the work force WHILE increasing productivity. The credit of this increase productivity went to those engineers, not the factory line button pushers.
@@Singuy888 I'm guessing you've never been a truck assembly line. Such as the Sterling Heights, Warren, or Rogue in Michigan. They're not just pushing buttons. If you tried what they did for one day, you'd pack your bags and go home crying.
@@kalabash72 The point is people are demanding wage increase because their productivity are higher. Productivity is higher because of automation, NOT because the line worker worked harder. Your pay increase according to how hard you work and not how much you do. Companies are constantly trying to increase productivity while reducing staff. They pay a pretty penny trying to get that accomplished so the wages went to whoever that can provide them with higher productivity with less payroll. Get it?
As an EV owner who switched a year ago, somebody is coming up short. In regards to maintenance, all I’ve did in a year is put air in the tires. I clean it and plug it into 120 volt outlet. That’s it.
Same thing with my gas car that's got 240k on it...
What about the carbon emissions batteries put off?. I'm assuming they forgot to tell you that. And how much more land and innocent children do we need to lose do to mining.
@@veganpotterthevegan lol
That's all I did for my toyota plus $120/year to change oil. I save at least 25k for the gas upfront.
Wait till the cells die out and the thing becomes a useless brick. We dont have a way to recycle 18650s. Those batteries are not meant to last long. You're a typical lazy willfully ignorant american if you think electric cars are the way. You just want to keep driving and cover your ears when people tell you that you're not really helping america's downward trajectory. Consuming way too many resources for one person so you can feel like you're still in your own personal transport.
new technologies do not ruin economies, lack of foresight and preparation does
except that this is not new technology
No new technology can definitely ruin economies. Their are plenty examples throughout history of it happening. With the rise of open water navigation and extremely cheap trade over water, do you think the landlocked cities and countries could actually do much of anything besides watch as port cities and coastal cities and countries boomed like crazy?
If these companies don't transition, then they have only themselves to blame. However, all you have to do is look at places Detroit and Flint to see the midwest has been destroyed by the outsourcing these corporations have been doing for decades. If anything, this will just be the nail in the coffin.
You can thank Bill Clinton for that.
Anderson Indiana once had several Delco Remy plants and Guide Lamp.
All gone decades ago. And the town has turned to sheet.
The vast majority of people don't want an ev. And evs don't work for most people.
@Let’s go Brandon where’s Jackie the economy is literally always worse off under republicans 😭😭😭
@@honeybadgerstudios21 If you don't know what Clinton's repeal of Glass-Steagall did, then you'll just harp on Republicans. Nixon opened China and took us off the gold standard and that was asinine, but the Clintons and Pelosi/Reed sold out America to China.
All states must adapt to technological improvement and work cohesively, otherwise other countries will eventually surpass the US
Let them Germany already prove that it's not sustainable. Pull your head out of your ass it's a scam
States usually decline, and depopulate for decades.
That's the good thing about America. Not all states have to do the same thing. Blanket polices are horrible. Also should states be forced to adopt this policy or should they voluntarily adopt it?
Im pretty sure 2/3 of the world has surpassed us already
@@sunnohh extremely false🙄💀 have you ever left America?
Moral of all stories: Never put all your eggs in one basket. Regenerative agriculture is also a must do for Midwest as well.
Agriculture about to get slammed by precision fermentation. In 10 years the dairy industry will be toast. Bio-identical milk produced the same way beer is produced, a negative 10x the cost. No antibiotics, no growth hormones, no lactose. Robotics is going to eliminate Agricultural worker in addition to the heath trends toward vegetarian/vegan diet. Even baby formula will be replace by bio-identical precision fermentation mother's milk.
Read that on the internet somewhere? Regenerative ag still can’t currently meet crop needs on a large scale. We will need a shift in consumerism before we can apply regenerative ag across the board
@@claytonlind2996 precision fermentation is how insulin is now made vs processing two tons of pig parts to get 8oz of insulin. When the dairy industry goes under so will the veal industry. Egg white can be produced through precision fermentation as well which will destroy the egg industry. So much of agriculture out out is to feed animals. And only a small percentage of the population works in agriculture so a reduction in demand will not be as bit of an impact on jobs.
@@billthebuilder1579 Bizarre concepts. (from a farm).
@@billthebuilder1579 Precision fermentation is high cost low yield.
How can EVs Ruin something that Greed already Ruined?
"How can EVs Ruin something that Greed already Ruined?"
Electric ruination. Very special ruination.
Greed hasn't clear cut and strip mined the Congo rainforest yet.
@@francismarion6400 "Greed hasn't clear cut and strip mined the Congo rainforest yet."
That's good to know. I think.
@@thomasmaughan4798 Actually that is happening now thanks for the new ability to cash in on global warming, and Chinese business associates. You can see it on G maps now.
The one thing they didn’t mention at all is software. Big 3 outsource everything. Good luck when you need to make changes. Tesla is a tech company and does it all in house. That’s why they were able to rewrite firmware to use different chips when the chip shortage happened while The big 3 were probably still scheduling meetings with the vendor to discuss it.
STMicroelectronics makes Teslas chips, not Tesla. That said, every automaker has proprietary firmware.
As a System engineer for one of the big 3. I can say that is not true. There is a lot of in house software development especially with EVs. As software will be a new revenue stream for automakers.
That’s why software is profitable. It’s too easy to copy mechanical things, even if you could reverse engineer the software, it’s not legal in many cases to create a solution you only option is to pay
@@MrKongatthegates it's not legal to copy a lot of mechanical things either, even if it's easy to do.
@@veganpotterthevegan Most of STM's fabs are located in Asia as well as Europe unlike other vendors.
My grandpa was a linemen. Put doors on cars. He was able to buy a house, 2 cars, grab a beatiful blonde, my gma. Microwave. 2 color tvs. Had my dad. The 1940s and 50s were clearly superior for the random American worker.
because we had the bomb!
Babylon Falls for a reason.
After the 1960's there were so many tax loopholes and weak anti-trust laws that the golden age ended...
Unless of course you were a minority or a womam then NO; 40' & 50's sucked.
It's a bit like after the turn of the 20th century: Carriage makers and the draught horse biz were a _massive_ industry; but all of a sudden the future went very blurry for them, and very scary. All you could tell them was: Start transitioning your business to what's coming. But if you were a carriage maker over a certain age, realistically it was going to be early retirement - not a crash course in auto mechanics. Change - even what's basically _good_ change - is extremely difficult for some. :^{
Also, the invention of refridgerators decimated a lot of industries from Arctic expeditions that collect ice, to warehouse, to door to door delivery.
Absolutely true. The saddle and leather industry, blacksmiths, veterinarians, farmers that supplied hay, straw and animal feed to name a few others. They didn't go quietly. There was strong resistance to what they referred to as that Infernal Gasoline Engine. But as loud, noisome, unreliable, expensive and generally filthy as the early ICE vehicles were they were nonetheless a better option at the time. Most Americans are unfamiliar with certain aspects of US history concerning the use of beasts-of-burden for transportation during the late 1800's and early 1900's. Large cities had to deal daily with the removal of tons of manure which had to be moved to certain large collection areas. This and the 10's of thousands of gallons of urine that would collect in ditches and storm drains creating fertile breeding grounds for diseases like cholera, dysentery, typhoid, intestinal worm infections and even polio. Then there were the inevitable death of these animals (often in town), with their rotting corpses being left where they went down. The stench in most cities and large towns was often unbearable. Ironically, for similar reasons it now looks like DeJa Vu for the ICE vehicle.
EVs need a fraction of the maintenance demanded by ICE vehicles.
The list of engine associated parts parts is long and complicated. All that service work done by dealers and mechanic shops is gone.
Charging infrastructure needs building and maintaining. There’s work there for those who want it.
Add solar panel roofing over the chargers and there’s even more to do.
Sure, but to this day, gas powered works better, and seeing as how fossil fuels are still the most effective fuel source in the world, with nuclear being the only contender, it doesnt make sense to transfer unless you come up with a better fuel source.
@@davidelliott5843 one ice storm will take out the solar panels
I still remember working for Similton Windows. We were brought to the shipping floor, the the CFO announced the plant was moving to Mexico, and that effective immediately we were terminated. Volunteers were welcome to continue working at a decreased rate. Back then it was hard to find jobs, so we worked for 7.25 an hour to pack the floor. I still have the glass scars on my arms
Should of told them to GFY
@@myothercarisadelorean8957 Money requirements sometimes over ride judgements.
Nice video!❤️
But my mentor would always say; Desire + Motivation + Action = Success
Investments like Gold,Crypto,Real Estates and lots more are the actions ….
@Ben Kent I agree, I invested in shiba coin and BTC last year and now I am bullish
@Mark Taylor That's correct, I met her at a conference in Singapore... she's incredibly smart.I made $3,000 in a week trading with her😃
I don't understand why youths and adults are still poor when they have a smart phone and great opportunities on how to make money💸
Since 2018 I reached out to her,I’ve been debt free! Bought myself a car,house and an Amazon parrot☺️I love parrots
The car also ruined the blacksmith economy. The smartphone also ruined the alarm clock, camera, yellowbook, and wrist watch economy. Back in the early 1800s, people were destroying looming machines because it was taking away their jobs. Such a primitive view of thinking stil exist today.
Keep up with technology or be cast aside.
Stop. You're scaring the Republicans
Don't blacksmiths forge many of the tools used to build and maintain cars? As well as tools for many other industries? I wasn't aware the blacksmith economy was ruined, let alone by cars.
Don't forget that the Model T wouldn't/couldn't replace the horse but it did!
Technology is known to fail. I never had gas fail my car. When it's full. It's full. When it's emptied, it's empty.
@@caditech16 It actually saved the horses which were horribly abused and left to die when they were objects of transportation. Now they are cherished.
You need to build the batteries, solar panels, robots, and consumables in the USA.
Not just for jobs but to avoid supply chain interruptions.
One good thing with fewer workers is it does not matter that much what salary they have. It matters more where you find the raw materials for building the parts.
And to make sure you are independent of China.
One still needs lubricant, grease, fluids in moving parts. The maintenance is still needed and parts need inspection. People expect to just get in and everything works forever, not the real world.
CNBC has been under a rock for the last two decade? The Midwest has no economy, this is the best thing that has happened to the mid-west, as well as the Chips Act.
There has always been change, in products, in manufacturing, jobs, it's called evolution. Those that don't adapt, don't survive and it's been happening for billions of years.
64% of those who bought or leased an EV returned to gasoline/diesel.
If EV's are truly superior, or even competitive, why do EV's need the GOVERNMENT PUTTING ITS THUMB ON THE SCALE (AN UNLEVEL PLAYING FIELD) by giving Tesla billions -- more TAXPAYER DOLLARS than the next 7 corporations traded on Nasdaq receive, COMBINED -- plus also giving a tax credit lowering your effective purchase price by >10%?
@@Pepe_theFurfagFrog that 64% number is complete Bull hockey. The real number is more like 5%.
EVs? Governments, banks, and lobbying corporations have already ruined the economy. Wtf is this madness. 😂
Lol. You do realize that the old manufacturing model has been defunct in the Midwest? The reason why Minnesota is richer than all her neighbors is because she switched to tech and medicine first
The Midwest economy has been suffering since all of our manufacturing went overseas. China, India and Indonesia have all of our manufacturing jobs now instead of people in our own country.
The legacy automakers will ruin the Midwest by turning a blind eye on EV’s when they had the chance. I am from the Detroit area and blame the arrogance of the Big 3. Americans are sick and tired of being beholden to gas price massive fluctuations and dependence on oil. They had their chance back when the EV-1 was introduced… all the major automakers were bringing forward a new technology and then, poof, they took it away when demand was growing. Major automakers revenue isn’t the sale of cars, but, all the maintenance involved after purchase. Good by to dealers and the price gauging, it’s over. If they do not pivot HARD AND FAST it will be to their own demise. Like I said, I’m from the Detroit area and their ignorance will hurt my area, but, there needs to be change.
There's not enough lithium to convert the entire US car fleet into electrical vehicles, they have a limited range that would render them useless for those of us living in rural areas, they don't have enough power for big trucks and commercial rigs, etc. The executives running GM, Ford, etc, will all die as millionaires, but what about the workers who feed their families from those jobs?
Ever watched this little movie called 'Gung Ho' starring Micheal Keaton? Kinda talks about the shift needed especially in the mindset of our people. So long as those greasy lobbyists and slimy republican deal makers exist, Not easy in this country for any disruption to effect real change even if someone tried.
@@Falconlibrary So, use iron phosphate. Not the same range, but last far longer. We could produce enough Lithium here in the USA to meet the needs if we act now! other options exist as well, but lithium is best with the current tech as it's known, and you don't have to develop it.
@@rogersmith573 Hydrogen fuel cars are the future. Any country that invests wholesale in EVs is pursuing a dead-end.
@@Falconlibrary you're talking to ignoramouses its no use!
They think theres enough lithium and other minerals on earth to keep electric vehicles going forever in the future. And they understand little about how many batteries its going to take to create and electric vehicle for every one and every type of vehicle(personal, commercial, semitrucks). Dont forget all the battery grid electric storage they are creating too that takes 10x, 100x, 1000x the number of battery cells of a car. Plus how much it takes and the harm to the environment its going to cause to mine it all minerals need, manufacture it, and grind down separate and repeat again.......FOREVER in the future.
Its easy to fool the uneducated and indoctrinated.
Things change, and you either adapt, or you get run over.
or stand out like a nail just like horseshoe bend in grand canyon.
It would be very easy for the big three to bring their car manufacturers back from Mexico if they were so inclined.
And not to mention, the car quality from cars made in Mexico is pure garbage. They ruined the Explorer line.
Having a manufacturing job has been a bad idea for decades! If you saw automation coming and you didn't react, that's on you. Everyone needs to adapt skills and move forward. I grew up in the Midwest, this lesson has BEEN written on the wall.
True, but i moved to fixing, and programming the robots that took the jobs. Not sure that will save me with the changes coming. Bit old to start over now. Maybe I can make it to retirement before it get really bad.
@@rogersmith573 I don’t know man. I’m 22 and I buy American or North American as much as I can, since ethics of supporting domestically aside, trains & trucks are way more sustainable than ships & planes.
I think that’s going to be coming around more as more people from my gen and millennials realize it’s best for the planet to buy from your respective continent. We’re very motivated by sustainability. That requires more domestic manufacturing.
Every job eventually is a "bad idea". With various levels of AI and ML even the white collar jobs aren't safe.
I think the biggest problem is states become dependent on manufacturing, that entrepreneurship is removed from the states culture.
Places like Utah are doing just fine, with little manufacturing.
@J.D. Would agree the gig economy sucks.
I noticed they keep leaving electric vehicle powertrain components that just batteries... they do realize electric cars are moved by electric motors, right? The batteries power the electric motors at the axles or the wheels. It's not just batteries that are involved in the powertrain of an electric car. The batteries don't move the axles or the wheels; that's what the electric motors do. And electric motors do have their own form of construction and manufacturing. That's also jobs.
And all the jobs that will be created in building an entire electric charging infrastructure.
jobs that require much less people
They also have radiators, fluid lines, computers, sensors, lights, interior components, AC, heating, brakes, steering racks and a bunch of other components in common with an ICE vehicle. The complexity of the drivetrain is removed, but nearly everything else outside that exists in one form or another.
2:12 wtf
@@handlealreadytaken The point is still there, 30% less workforce to make EVs. Also, less maintenance. I'm an air filter change and windshield wiper change 2.5 years in on an EV in maintenance. Next will be grease brake calipers since they don't get much use.
Talk about job loss? Just wait until Tesla gets their Tesla Bot launched and it starts replacing people in these factories.
Evolve or get left behind. An unfortunate reality for many factory workers.
It was always going to happen. If not Tesla then somebody else.
What do you think the robots already doing.
@@robertagren9360 I saw what the robots did in the 80's and 90's but these stand up walk around robots are going to be a major change and a major loss of human jobs. The early robots also eliminated many human Jobs.....some for the better
@@justme7995
It's impractical for one reason that robots don't know anything. They're unable to create or solve new problems.
If EVs are so amazing why are they being forced on the public?
Don't buy one. Only communist California is forcing anyone, and you are a fool if you live there (sorry). Incentives for cheaper EV's bad too? I think $7500 is nice even if Ford has increased prices on it's EV's after this credit came online.
They are expensive for now and it is to hasten the process of removing our dependence upon entities from the east and middle east. That’s a good thing.
There's an adoption problem, where people don't want to buy EVs until there's an amazing charging infrastructure, but it's hard to muster the political will to just build the charging infrastructure if not enough people own EVs. It's a matter of "if you build it, they will come", just like for mass transit.
But there are plenty of people who are on the fence, or who might consider it, if there's a tax break involved. Gets them just over the hump into wanting to do it. That's hardly "forcing people to do it". The state-level gas car bans are so far out that the timing is less about encouraging people to start buying EVs, and more about kicking out the last stragglers, and in that sense yes it's a stick. Although those people can still own and register older vehicles that have a model year from before the ban (which is the case with WA's ban, dunno about CA). So there's still a VERY LONG soft landing for people to still hold onto used clunkers if they really want to spend more and get less. As maintenance on those old cars rises, few people will want to keep them.
Detroit, Cleveland, Flint, the Midwest.... They'll loose good paying jobs to areas like Tennessee, Kentucky, Alabama, Texas, and other areas that are less favorable for UAW and also incentivizing the auto manufacturers and suppliers to go there instead. I've been hearing for 20+ years that Detroit is coming back.. It's not and it will never come back. It will only get worse when these big auto giants and suppliers relocate work.
To be fair the last 5 top leaders of the UAW are in prison.
EV's will change how cars are manufactured and what parts they use, driving many businesses bankrupt. Just imagine what happens when there are no more oil changes (filters, oil, mechanics, lift manufacturers, disposal firms, tools, and even whole shops devoted to maintenance), no more mufflers, no more gas stations, no more belts, radiators, water pumps, alternators, transmissions, ...the list goes on. Not only manufacturing will be impacted, but the entire food chain will be disrupted - even the places that need to check emissions every year.
This is the real problem! ev's are coming, they are better, but they are going to cost a great number of jobs! Not just manufacturing!!! think about all the after market stuff, tuner cars, all of that will be gone.
Gas stations will just transition and have Electric chargers, plus gas stations make most of their money from food/drinks, and all the marked up items they have not actual gas.
Thank God.
Goodbye Autozone, Pepboys, Orileys, NAPA, etc.
You still need an emissions test on a Tesla. Required by law.
Teslas been building them for over a decade. They make it sound like it hasn’t happened yet.
Yuppie car.
They haven’t been making nearly enough cars to be a threat to the big three.
@@daniellarson3068 maybe but most in the Midwest are troglodytes and are just parasites
@@levibergbower3769 the big three are the biggest threat to the big three. they have not made a decent car in decades. Gm does not even make regular sedans anymore... they were junk and did not appeal to the buyers... but the nissans/hondas/toyotas are still going strong... hmmmm why is that. the big three are crap. have been for decades.
@@daniellarson3068 lol.. one leave you at the light? the performance models walk the big three hotrods every single time. for the same money.
Does investing in a all electric vehicle State or Country sound smart ? ..... does, "Putting all your eggs in one basket" sound familiar ?? ... each State and Country need to have multiple energy sources, ... not depending on just one.
A country that depends on ONE SOURCE of energy is probably doomed themselves !
Yeah, it doesn’t matter what the basket of energy sources look like as long as they keep burning fossil fuel, right?
Is this a joke. Neutron Jack decimated the Midwest long before EVs started to takeoff.
The only thing you can count on in life, is change.
And auto workers don’t like change. I grew up in Detroit.
@@keithjackson2035 You can either ride the wave, or get crushed by it. Whether they like it or not, that's how it works.
@@dougdiamond5774 exactly ! They want to live in the past.
@@keithjackson2035 maybe in the past they didn't go hungry but they don't know about the future with no job
@@dougdiamond5774 most time. You don't have a choice you just get chushed
EVs will not ruin the midwest economy. It's the lack of innovation among the Detroit automakers that are leaving them in the dust. It's their own fault.
I ran a industrial electric motor repair shop in Cleveland for 34 years 1979-2014. I watched all my customers go out of business due to Chinese imports and Foreign investors buying the others. I retired in 2014 and our repair shop closed it doors in 2016. The major manufacturers sold out the jobs to overseas plants or just closed period! My brother worked for GE from 1976 through 2018 before they closed his plant in Ohio. He was the last engineer working there and forced a early retirement. Shame on those CEO's!
We drive from Kansas to Florida every year. There’s no way at this point we could drive an electric car that far with the current battery technology we have right now. Every stop would take way too much time to top off the battery.
It just depends on if you cherish time over money.
I was lucky enough to work in a industry that allowed me to support my family. The printing industry. Working in Southern and then Northern Ca. I printed a lot of stuff. From checks,books,catalogs,menus,manuals. Then I printed wine labels. And I watch technology change n that industry. 10 jobs no longer exists in that industry. I moved with it. But it go so thin where international companies whipped out the small business printer. And online international Companies like VISTA PRINT. Here I’m a press operator and I get my business cards. Online. Complacency is a silent killer of personal and professional growth. We must have a new vision. A vision of a stronger manufacture and cultural growth.
What I really hate is how government politicians try to intervene and force the American economy into a certain mold.
No, we ought to have a free market without government interference.
Yes, that means some jobs are just better done abroad. A lot of jobs that require few skills can easily be done via cheap foreign labor.
But, some josh are likewise better done domestically. And, many of these jobs often require higher skills and therefore also pay far better.
And, with this efficient use of labor, businesses can better compete and offer lower prices to consumers.
People often cry about manufacturing jobs being outsourced. Yet, they completely neglect the fact that many are still here and many other jobs are plentiful.
There are so many trade jobs that simply can't get enough qualified people to even apply.
Welders, electricians, plumbers, mechanics, etc are all hurting for workers.
Medical and technology industries also need far more people.
The problem is that the big 3 had a stranglehold on cars in the US. GM proved they could make a EV with the EV1. Then it crushed them! If left to free open market principles we would still be using pre emission engines and a million or so people a year would be dying from the smog . Once in a while direction is helpful.
There is a flaw in your outsourcing logic. First you outsource the easy stuff. The guys overseas do this. Next year you outsource a little more because the guys overseas are now more competent. rinse repeat. Eventually you outsource the engineering research and customer service. All you have left in the US is executives.
No country has an actual free market tho...
China may be close, you can buy some great fake food to eat there, as you shop for an apartment with no rebar in the walls because it was removed and sold on the black market... :)
The government is the referee of the game, it needs to intervene when players get cheeky...
Unfortunately the referee has been on the star players payroll for some time now... :)
@@danharold3087 See, in a free market, companies would freely compete against one another for the business of consumers. Problems arise when government decides to favor some over others.
By the way, I don't know what "big 3" you refer to. People go for all sorts of vehicles (Toyota, Ford, Chevy, Honda, Nissan, Jeep, etc). People seek good quality at the lowest prices.
As far as emissions, you seem to think that. I disagree. Firstly, government is notoriously bad at doing just about anything except breaking things.
If consumers really want cleaner vehicles, great; they'll seek those out and provide an incentive for businesses to make cleaner vehicles.
The best direction comes in the form of supply and demand, not government meddling.
------------
The problem with your claimed flaw in my outsourcing logic is that you neglect so many other variables.
The skills and competency of foreigner workers is only one factor in outsourcing.
With many jobs, basic geographical distances make domestic production more appealing.
Also, many services must be done locally. You can't outsource a car mechanic, for instance. You need one to fix your car right where you are.
You can't really outsource construction, because you construct buildings and other infastructure on site.
The beauty of outsourcing is that you do increase the skills and competency of foreigners. They get better, put money back into their local economies, and increase their local standards of living.
This then increases wages there and causes the same western businesses to move elsewhere in search of more cheap labor.
And rinse and repeat, as you said.
For the longest time, China has been America's go to outsource nation.
Now, wages are increasing in China and American companies are gradually shifting to other Asian countries.
The best advice for American workers isn't to clinge to these jobs, but rather to seek jobs in-demand right in America. Work in things that aren't going to be outsourced or automated.
GM needed a technical CEO as do companies needing to survive major technical transitions. Instead, GM CEO Mary Barra dealt with the situation by publicly not uttering the word Tesla and hoped Tesla would wither away.
Spark Plugs is in for a wake up call. I live in a small town in Puerto Rico where there is really “no charging infrastructure” and new Teslas are seen every week. You just need a 220V and you’re set.
While the union had done a lot of good for workers, it did create a certain degree of complacency among certain workers. I remember that we need to submit a request for moving a computer from one place to another, a task that can be done only by union workers. We can’t compete like that with other countries.
So many moving parts to get one thing done.
Holy crap, this comment should be towards the top. Unions can be so damn wasteful, I've seen it first hand too.
Then they wonder why car manufacturing is so much more efficient and cost effective overseas. The midwest did this to themselves.
yes unions should never dictate work rules. only thing unions should be allowed to bargain for is wages and benefits. but instead they make a simple 10 minute job into a full day affair.
Until you literally get fired for cheap labor in the states. Unions save so many jobs in negotiations
@@ronblack7870 I agree
The people making this show don't see to realize the older automakers are making EVs but no one is buying them,
sure they are.
Ford lighting sold out in hours. GM made 27 hummers last year. Volt/bolt are fire hazards no one wants. Mustang sold out. Tesla 6 month backlog on every car. people want quality that will not burn your house down too.
50% more in cost, environmental damage, lack of electric infrastructure and few charging stations. Did I miss anything?
As a medical transcription service owner, I constantly continued my education, keeping up with technology, equipment, new procedures and surgeries, and even evolving English skills. We went from typewriters to computers to speech recognition and templates, etc.
I work in and Live in the Midwest and make Auto parts and some EV parts. Most of the Midwest, except some cities, is a Job dead zone. I’ve lived in the Midwest my entire life been to all the Midwestern states and seen the same problem for years. The utter Lack of jobs, or jobs that lack good infrastructure, jobs with poor leadership, lack of support from local leaders to bring better jobs to the states and so on. Now there maybe some similarities to other states but it’s not just limited to the Midwest it’s nationwide.
The idea of people needing different education to do the work is stupid. People can work without paying someone else to tell them how first. Companies need to invest in their people. Remember how in the old days people had loyalty to their jobs?
And companies had loyalty to their employees.
That depends on the job. Can you design a microcontroller. How about design a system on a PCB to move an electric window. Can you program that microcontroller. These are the sort of jobs we need. If it does not need training chances are a robot can do it. They days when you can earn a living with your back are drawing to a close.
My first job was to hand dig earth from around phone lines where they came close to other buried wires. Even this job is gone. Some guy drives up with a hydrovac and in a few minutes he does what took 2 or 3 people hours to do by hand. We can't live in the past.
How clean and Green are these Electric vehicles? Electric batteries requires Lithium and it's mining has caused major environmental and economic problems to the countries from where it's being exported. So please do reasearch on Lithium mining issues, vehicle manufacturers promoting Electric vehicles are ignoring the effects of Lithium mining.
Cleaner than gas🤷 Also, the LiFePO4 batteries many are using barely have any lithium and the next generation of batteries won't have any
@@veganpotterthevegan lithium mining has caused environmental problems in Bolivia and other countries in South America.
Everything you need is available in North America , all materials are 95% recovered at end of use only 5 percent needed in future.
Your ICE cars arent any better. New EV batteries dont have Nickel or Cobalt. Takes an EV about 2.5 years to offset its running and production emissions.
Like the 1 trillion megawatts of electricity used annually for oil refining? Like the pound of cobalt used to refine 80000 gallons of gasoline? 11% of our entire power output is used by the oil refining industry. Lithium is very abundant, and batteries are almost 100% recyclable.
Midwest? You realize people are moving out of California because it was unaffordable
Yes of course it is. Our country is built on growth. We look back at the gold rush and look what that did. It boomed and then fell. Innovation is key here. If what you’re doing doesn’t work for you anymore change your course. Bailing them out again when it has not worked time after time is literally the definition of insanity.
12:02 idk man maybe the 1+ year wait for EV's means there's a ton of demand there.
Availability is a combination of supply and demand. Right now supply is borked, so not enough cars to go around.
And demand has not yet really hit, because people still have more range anxiety than understanding of the fuel and maintenance savings. Also it's complete BS that it costs more to register your hybrid or EV than a gas-guzzler, just because the state knows you're saving so much owning one, and they want a cut.
@@googiegress7459 Yes, your state saw the EV revolution coming and increased road tax by 300% on EVs.
It would be a mistake to try and bring the jobs of yesterday back to the US, and it would be very much at the cost of the jobs of tomorrow.
Very well said! It's a reality we all hate to accept, but we eventually have to..
There's all but one constant in life...change.
The USA can absolutely bring back Manufacturing dominance. Outsourcing is being pulled back (especially with China) and legislation needs to be in place to contain international investment with incentives for home grown enterprises. Technology rights and advantages such as car Micro Chips should be prioritized for US industries - instead of handing over Innovation developments to Asia. It is unlikely to achieve the productive era of 1950's America , for lower end products, but the mid to high end goods could be reclaimed , over time.
The strange thing about EV’s is that most people don’t really want them.
"Most?" In my neighborhood probably 10% of the vehicles are EV's and it is rising fast. My next car will be an EV.
I've never seen a real ev
The day manufacturing is back in the US will be the day America is poor.
Every iPhone sold leaves $700 in California for the design, and $8 in China for the manufacturing. Who gets the better deal here?
If you look at history, China is getting the better deal. They are exactly where the US was after WW2 and will soon be the number one world power.
@@randomcharacter6501 Difference is: after WW2 the US did both the intellectual and the manufacturing work.
Imagine keeping industries outdated just to cater to people who refuse to update their skills. Glad that mentality is getting tossed out the window. Also, couldn't be happier that car dealerships are going away, Not having to deal with markups and being held hostage at a dealership all day by some greedy salesperson, is definitely a step in the right direction. Ordering your car, paying for it, and picking it up, without having to negotiate, is definitely how things should be.
It's not about the skills EV's will require less labor to build period. Even less engineers! Dealerships are going to die, but so are after market car stuff. tuner cars, muffler and transmission shops, oil change shops, but maybe a few more tire replacement jobs. Start your new job swapping and balancing tire now LOL. Entire auto food chain is about to get disrupted.
@@rogersmith573 Better adapt
It's fun and games until it's you that is put to the side in the name of progress, automation can only do so much, you still need actual skilled workers to catch defects instead of "technicians" that only know how to start and stop equipment.
Very informative video, good job CNBC.
LOL "we don't have the charging infrastructure". Ok I guess those outlets all over my house don't put out electricity. They probably put out pudding.
If you leave a reply as a foreigner, after the 2008 financial crisis,
I remember 2009 when the executives of three U.S. automakers, General Motors, Ford and Chrysler, were accused of riding a company-owned jet plane to a congressional bailout hearing.
I was surprised as a foreigner
Because how did the American automaker get to that point and beg for congressional bailouts?
I found out on the Internet that the external competitiveness of American car manufacturers has fallen a lot. Germany and Japan, famous for their automobile manufacturing, will suffer a huge economic shock
Germany and Japan are export-oriented economies, with automobiles and auto parts accounting for 35% of total exports, and employment accounting for 10%.
And the automobile industry accounts for about 15% of the gross domestic product.
Electric vehicles require 20% more manufacturing manpower than conventional internal combustion locomotives.
It can be manufactured 24 hours a day, 365 days a year.
Since electric vehicles have only 30% less parts than conventional internal combustion engine vehicles as they are cheap, it is expected that these countries with many medium-sized auto parts companies will be hit by electric vehicles so much that they cannot compete in the Midwest such as Michigan, Ohio, Wiscons, Illinois, Indiana, and the United States.
The American Midwest won't be hit by the electric car revolution because it's been down for 30 years
the problem w incentives is that you have to remove them at some point.. and then there will be a slow decline as manufacturers once again chase low cost production
The incentives are not even necessary. Generally incentives are introduced to help sell a product that is struggling. Currently there is a massive backlog and wait times or close to 12 months for certain models of electric vehicles.
Incentives are a complete waste of taxpayers money
I agree with Ben, the incentives are completely useless and just a money trap. But @JogBird you are forgetting the massive fuel incentives, current vehicle incentives, the massive loans that aren't paid back (except for Tesla, paid). Society no longer needs the overpriced BS vehicles the current manufacturing model presents. While we will be getting much better cars, once GM F VW etc finally begin attempting production, with less labor and costs overall for the owner.
The people displaced will need to transition into another position, true. But, this is what happens and more opportunities will be available once this process Tesla produced (yes based on GMs model from long ago don't get Karen out here).
@@DaBooster Not true, it does stimulate demand. Which motivates car companies to produce more. The ultra hot market drives investment, meaning a faster transition to electric. Hopefully EV tech and manufacturing will all improve and virtue alone will drive the transition. But since personal automobiles only contribute to 15% of greenhouse gases, it's not the primary change that needs to happen.
True, corn farmers like me depend on the ethanol market. I'm retiring next year and hope my cash rent doesn't crash with transition. I'm buying an electric truck by the way.
Not true, they only need to keep giving them until the ICE industry breaks. Also, EVs are getting cheaper to make
The new EV industry will still need people. They will require fewer people in all industries due to AI and robots. However, the EV industry is going to continue to grow, and more people will be needed. This means that industry will have to be willing to train people. Based on what I can see, there will be a balance as things transition to EVs of all types. This also includes the power industry. Fossil fuels industries will have to adjust as vehicles and building heat will require less fossil fuels.
Requiring battery material/refining/assembly to be within NAFTA will help. But in the end, NAFTA needs to be reworked if the U.S. wants to centralize the manufacturing industry. All this outsourcing since the 70's has cost the U.S. more than it gained.
What about someone who has or is pursuing PHD in internal cumbution engine?
The US motor companies have had the economy and our lives by the privates since their first commercial success. Yes automation helped develop our world to what it is today. But we never got better at designing our cities. Almost all US and Canadian cities are car-centrically designed. Yet cars are not living things. We are. I love cars, I love races and engineering and high HP. I love it so. Yet we keep designing our world for the car. Look at the Netherlands. People (PEDESTRIANS) and motorists/cyclists' are in an almost harmony. Children walk and ride their bikes to school, the shops, and their friends homes.... barely any fear of traffic there. All of this I wish for the people of my home of the US could have that everywhere one day. In the US we need transportation for long distances, but we need to design our cities (world wide) to lessen the day to day norm of millions of people wasting so much of our lives and time in a CAR just to get to where we need to be.
Instead of "automation" I meant auto-motion. Not exactly a word but I meant auto-motion in the sense of travel by personal motor vehicle.
We have so many stop lights each one costs 250 to 500 thousand and 6000 a year to run the light we waste an average of a minute and a 1/2 at each light. We need traffic circles lights are stupid 🤷🏽♂️
The president of the spark plug company made a great point on EVs... infrastructure is not there. And I have several questions: how are these used batteries going to be recycled? And who is going to buy a used EV?
Once there are enough old EV batteries to make it worth while, they can recycle them..
To do this, they chop open the battery, tip out the lithium, grind it up till it has no big crystals in it anymore, then pump it in a new battery and put it in a car...
The chemical formula for the process = none.... :)
The market for used EV’s is insane. People are getting $10-$24k more than they paid in the first place for them because they last so long. Redwood materials and many other startups are in the recycling game because purchasing recycled materials is multiple times cheaper than buying mined materials.
If you want to know how the batteries are recycled watch some UA-cam videos on Redwood Materials. They have the whole process down and will be selling the recycled materials back to the EV companies.
Californians, best of luck in a decade when you won’t even have the choice to buy an ICE vehicle. I am all for consumer choice but with all the power mismanagement within the state at at PG&E, I can’t see that working out well
No one with a brain will want a combustion engine in a decade, or less.
Well you could still buy a used one, or just live in a 15 minute city where you don't have to drive
Technology is changing. This is part of progress. People will have to adapt or not survive with a decent standard of living. Best to expand industries in the western world rather than in Asia and other countries. With vehicles, EVs have much less moving parts, but have other types of complicated technologies employed.
Why haven't workers been able to adjust in your opinion? There are millions of jobs available in the trades and STEM industry
To build a vehicle cost 30% less, but the sticker price is 30% more for the vehicle.
No, batteries are expensive and numerous...
Everyone with a revoked driver’s license seems to be enjoying their electric bikes 😂
I noticed that 😁
In WA anyway, last time I checked, an electric bike must not be capable of driving over 20 mph to still count as a bicycle, otherwise it's a motor vehicle. So it's an enforcement issue. But on the balance I'm happier seeing a drunk driver on a bike than in a car.
Unions, eh? Visiting the (now shut down) Oldsmobile factory in K'zoo, I was amazed to see Union workers perform 1.5 to 3.5 hrs of labor to press out their _Union-allotted quantity_ of door/quarter panels, *THEN SIT AT THEIR STATION DOING NOTHING until the end of their eight hour shift,* _and only then re-start the mfg of panels ON OVERTIME for another hour or two._ Unions...meh. 🙄
They needed a clip of the last 5 top union leaders in mugshots before going to prison. Just to keep the article balanced.
@@davidbeppler3032 Ah, but no doubt they were philanthropists at heart....
0:43 "What a 1000 workers took to construct in 1970 we can now construct with about 240 workers". Think about that for a second, automatization and general advancements have increased productivity FOUR fold (at least in this industry), the expectation would be that each person working in the factory would earn at least double than in 1970 right (even after adjusting for inflation)? And yet here we are, wages and real purchasing power is even less than over 50 years ago. How is that possible? Where is the benefit of that 4 fold increase in productivy going? It's going upwards, rich people are accumulating even more wealth at the expense of others. Don't believe me look at charts.
Why in the hell would a lazy union slob get double pay because a robot is doing their job?
I was a fan of fully all electric EVs and really really wanted a Kia EV6 until :
1) you hear of battery fires in garages burning down homes.
2) Batteries catching fire in accidents and firefighters can’t use water….they have to foam suppress.
3) The infrastructure is not there as there are a limited number of charging stations and typically only off major highways.
4) They are an electric shock risk in floods.
5) Their charge is much lower in cold climates.
6) the cost of the EV version is $10-30K higher than the gas version
7) states like California mandate EVs by 2035 but having rolling blackouts and limit charging times with only 1% of vehicles on the road as hybrids or PHEV or full EV. What would happen to the grid when even 50% are PHEV/EV?
8) Home charging takes 7-8 times longer to charge as a class 1. You could spend thousands on a class 2 charger and Electrician.
9) In California, the homeless are building encampments literally around charging stations. You might be fighting off several homeless to charge your “privileged” EV.
10) The range on an EV is 250-300 max. I took a Jeep Grand Cherokee out of state and got 600 miles to a tank. 300 is ridiculous.
Change and a shiny new object. Per Shakespeare, all that glitters is not gold.
As a side note, I would buy another hybrid because I had a Kia Optima Hybrid for 5 years and loved it.
The furthest I’d go would be PHEV but not full electric.
Meh, if we really cared about emissions we’d fund public transit.
Yup.
Yeah, everyone loves superspreaders that need massive infrastructure to work. 🤦🏽♂️
Can't have it that easily if the places were designed for cars first...
Wow. Good video. I learned something, thank you!
👍
It’s imperative that the middle guys and little guys don’t get cut out of the picture when the transition over to EVs occurs. The real issue is that it will become increasingly challenging for people to find good suitable partners. It will drastically change the population and possibly make individuals become less intelligent over the generations.
I deleted facebook.
I’ve never had Facebook.
States compete with other states. That's the reality of the situation. If your state refuses to compete by not offering incentives, infrastructure, lower taxes, etc., you will lose out on these jobs. It's common sense. Businesses are a for-profit company. State politicians need to do a better job orchestrating their economy.
A better idea? Try fixing the infrastructure and educating the population. That will draw Tesla faster than a tax break. Where Tesla goes industry follows. Just look at Texas right now.
Paul Pilsner wrote a book call Economic Alchemy. In it he said when there is a technology stealing your job. Maybe you need to learn a new technology. Cause change keeps changing. This is how the Horse and Buggy people felt when Henry Ford changed the world. Car don’t even have carburetor anymore. Soon won’t need a gas powered engine. CHANGE CAN BE VERY PAINFUL. WHEN YOU FIGHT ALL THE WAY.
total resignation to the man
@@hardrays I see you using your IPad or Smart phone. Why didn’t you use a pigeon.
At the end of the video… the guy says there is not enough charging stations in place. Ummm have you heard of tesla? They have charging stations everywhere. You can literally drive anywhere in the US with your tesla.
Plus third-party charging stations are being built at a fast pace. CGP Grey was able to drive the USA "loneliest road" in a tesla just fine. Look for his UA-cam video.
Concept of opportunity cost is based on the fact that resources are limited,but have many alternative uses. Since every Factor is limited,they cannot be fully utilised in all uses. From point of view of society,utilising a resource for a purpose means that opportunity of using it in other use is to be sacrificed. Opportunity producing cost of a goods is that quantity of goods which we have to sacrifice. That cost which encourages resources in their present use is called opportunity cost. For example,if certain resources are utilised in production of two commodity - wheat and Machine and with similar resources wheat of worth ५ lakh rupees and ४ lakh rupees of machine can be produced. Producer in this case will produce wheat rather than machine or for wheat ५ lakh rupees, machine of ४ lakh rupees has to be sacrificed. In this way sacrificed value of machine will be called opportunity cost of wheat worth of ५ lakh rupees. 🙏🙏🙏🙏🙏
Part of me simply cannot be sympathetic to the automotive industry, or at least its leadership. We had MULTIPLE chances to develop or switch to electric or even hybrid vehicles decades ago. Each time the fossil fuel industry and the automotive industry did their best to quash those efforts, full well knowing the longer it took the more addicted we would be to fossil fuels and combustion engines. It would be that much harder to make the switch or to explore any option OTHER than fossil fuels and combustion.
THEY are the ones responsible for putting us in this predicament where it is exceedingly painful, nay, traumatizing to move away from fossil fuels. We cannot afford to remain addicted and yet the difficulty of making any meaningful change is almost insurmountable now.
Greed is our enemy , we America has fallen for it hock, line, and sinker. As a nation we can do better, the engineering exist to today to solve most or problems, but we're standing in our own way due to greed and not wanting to feel the burn lol.
The power grid will never be able to handle 275 million new electric cars and that's just the US. Fossil Feuls will need to be used no matter what. Idk where you think electricity comes from but it's comes from burning coal and fossil fuels.
The batteries you want for your special cars are being mined by slaves and children in Africa. But I'm sure you people will ignore that for the first 25-50 years of the switch over.
Baahhh, you plebs know nothing besides what you've been brainwashed with, to think the world's dying.
I suppose its a great idea to bring assembly back to the mid American states. Unfortunately i keep seeing American and Canadian plants closed and jobs moved to Mexico where the wage is like 2 bucks an hour.
When I visited our Mexican plant in 2009 the daily wage was about $2/day. And we paid double what some places paid.
Gotta love American CEOs.
Legacy products are manufactured in Mexico, but the drug cartels are murdering the people at an alarming rate...
When the jobs are replaced by robot manufacturing can return to the US.
Kind of sick but true. Unions have done little to keep jobs in the US. Mostly they made manufacturing here unprofitable.
Print more money
CNBC failed to mention that GM & Ford have decided to build their EVs in Mexico. These OEMs are also 5-10 years behind Tesla and the Chinese EV makers (BYD, FAW, SAIC, Nio, Li Auto, Xpeng, Geely, Chery, Leap Motors, etc). The issues are similar for German & Japanese OEMs, and this will not end well for any of them. By 2030 you can expect Tesla to have 25%-35% of the global car market, but expect the Chinese to have at least 50%. That leaves very little market share remaining for the OEMs and startups to fight over.
That is partially true, but highly misleading. Both Ford and GM are investing tens of Billions of dollars building EV manufacturing and battery plants in the USA.
While some cars are made in Mexico like the Mustang Mach E, others like the Ford F-150 Lightning are still made in the USA...
You're smoking Musk brand ganja if you think Tesla is going to have 30% of the global vehicle market in less than 20 years. They are choking on their own growth right now, and what happens when people actually demand Teslas have quality and not just be hipster status symbols?
Very informative. Thank you!
It's crazy I have a Bachelor's degree in mechanical engineering amd OEMs in WV would not even email me back to say no interview. I hope they get crushed.
what's WV?
Dude....change your address....to something better you will get calls...then...
@@lazynow1 yep I left it was a year of applying. 300 a month I think idk.
One Question: Why would EV's ruin the midwestern economy when all of the major midwestern car manufacturers produce EV's themselves?
GM Delivered only 26 EVs In Q4 2021, Including just 1 Electric Hummer. Tesla is the only important / profitable EV manufacturer in the U.S. today.
Not that I know anything about this, but the video explained that it only takes about 25% of the employees to build an EV, as it does to build an ICE, so the money spent on those vehicles doesn't stay where they are built, and 75% of the former ICE vehicle builders are left unemployed.
@@MCraigWeaver or maybe 4x the manufacturing?
@@MCraigWeaver It's hard for me to believe that it takes 75% less workers to build an EV. Sure the EV doesn't need a motor or exhaust but in turn it needs a battery system installed. All the other parts EV/ICE have in common: tires, weather seals, steering wheels, etc. Either way, the batteries need to be built for the EVs. GM is building a new $2.5 billion battery plant right next to one of their ICE manufacturing plants here in Michigan. I can't speak for the other car companies as I'm most familiar with GM, but the money spent on the GM vehicles will mostly stay where they are built (Lansing, MI).
@@MCraigWeaver unless I just totally blanked out that's not what it said. It said that compared to 1970 we need 76% less workers to build a gas car than we did then due to increases in automation and productivity. They did say that EVs use 30% less parts to manufacture though.
With rolling blackouts unavoidable, what are they doing to make more alternative power plants? Are they going to wait until power usage fails to supply, even close to enough, before making more to be ready?
I think a lot of the states with big land with options to expand factories in the future are winning here. Also freight cost is going up so a lot of the companies are building near shorelines.
We can assemble EVs in the US, but where are the components and the raw materials needed to build those raw materials coming from? Will that impact the sustainability of this business model?
Why would I buy one from a US company when the foreign made cars might be cheaper, with the same standards, because their chip plants and engineers are close by?
@@fitybux4664 Buy a Tesla it has more american components than any ICE car.
Easy. Either EV's are made in the Midwest, or they will be made somewhere else. The longer that can is kicked down the road, the more other, often new names, brands will pick up market share.
Tesla is doing it right now and Chinese OEM's are ready to storm the US market.
Having doubts? That's the reason why the Japanese were able to take their share of the US market in the 70s and 80s and Kia/Hyundai have done so in the 00s and 10s. The Chinese will do the same in the 20's and 30s.
No, most people in the Midwest will NOT buy an EV this or in the next 5 years, but they will after that. Those EV's could be made in the Midwest or more jobs will go away. It's do or die.
Traditional car makers and their suppliers know that this transition will take place, but they want to ease into this transition at their own pace to protect the profits and their bonuses. Newsflash, they will not determine the pace of the transition. Their pace in the transition will determine if those jobs are in the Midwest or somewhere else.
Someone that gets it.
What is that grey car at 5:32 ? It looks like a Camaro but isn’t. Anyone?
U folks at CNBC do a great job on these EV and auto-related “series” stories - topical and informative. Please produce more.
Forget the cars - Thousands of charging stations will be needed for trips. Hotels will need to offer charging. Rest stops will have charging stations. There will be a huge market for standardized charging stations.
And amenities at those charging stations. The equivalent of truck stops for EVs. Places like Starbucks/McDonalds/Dunkin, etc. etc have huge opportunities here.
Exactly, I'm an electrical engineer. To make CA's infrastructure capable for every vehicle to be EV would take a century and far more sophisticated technology. We aren't there yet.
To ordinary people they think this is possible, it is most certainly not in my lifetime.
@@TheHandsGamingCommunity You got that right,...I wish someone would let Biden in on that,...(Thank you "thing")
@@TheHandsGamingCommunity you only going to live 10 more years? LOL. I live in Michigan. 2 nuclear power plants power the entire grid during the day. After 2:30 Peaker stations come online to help support. It would only take a few nuclear power plants to provide the needed power, or just keep buying it from other states LOL.
@@TheHandsGamingCommunity Is that the far more sophisticated technology that Europeans are already using? The main thing is we need an official legal standard and screw Tesla trying to monopolize its standard.
This is still a new technology. Demand for EV still not at peak yet. No one want to wait for 45 minutes to “fast” fully charge their vehicles vs 4-5 minutes to pump your gas. Convenient > Consciousness.
You get used to it very quickly belive me. And we need tonlook to future and environment.
You are really lost. There is a one-million person waiting list for the Tesla cybertruck. Tesla sells one million cars per year. One million is a lot more than "nobody".
Most people will spend 1 minute a day to plug it in, plug it in.....
@@DrJohnnyJ you said 1 million people waiting I will wait for that to appear in like 10 years-15 years. Tesla they not “god” and just flipping fingers and a million car will be produced.
New batteries that should be coming out in the next 1-5 years drop that time to around 10-15mins or less. You also can charge your car at home or in more locations that don't require gas safty pumps. In my city I could plug it in while I go into work - do a few tasks - come back out and move my car into a parking spot fully charge. Any city or large parking lot could support this. No more need to head over to a gas station just for gas.
I find it amusing at 1:44 that you even posed the question of if the US auto industry can make a change without leaving it's workers behind when they have been actively doing that almost from day one with the Model T. Why do you think today it only takes roughly 25% of the workers to build a car than it did in the 1970's even though the vehicles are unbelievably more complex? You think those in management shed a tear for their workers when they have to let them go? What in God's name do you think the term "Human Resources" means to begin with?
Don't fool yourself, buying an electric car will come back and bite you in the A$$ .... as it did my family ! ... Forget Batteries ! ... an lets move on to a newer energy source that won't poison everybody on earth !!
Your family probably brought an old EV
The ones with technology designed from now onward are beasts. The new battery and motor technologies will blow gas engines away.
With combustion engines you burn fuel to spin wheels then waste that energy when you break, turning that energy to heat. With regenerative breaking you get most of it back