Because the government requires them to produce some number of zero emissions vehicles every year. The trouble is they take a loss on every one they sell.
Car Exec Loses Money On Electric Cars, Says ‘I Hope You Don’t Buy It’
More at link above.
-Uwe-
Car Exec Loses Money On Electric Cars, Says ‘I Hope You Don’t Buy It’
The CEO of Fiat Chrysler said he hopes that people don’t buy his company’s electric car, the Fiat 500e, which he is forced to sell at a loss because of state and federal mandates.
“I hope you don’t buy it because every time I sell one it costs me $14,000,” Sergio Marchionne told the audience at the Brookings Institute during a discussion of the auto bailout.
More at link above.
-Uwe-