this post was submitted on 05 May 2026
108 points (99.1% liked)

Canada

11952 readers
618 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 Sports

Baseball

Basketball

Curling

Hockey

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 5 years ago
MODERATORS
 

cross-posted from : https://lemmy.zip/post/63799437

you are viewing a single comment's thread
view the rest of the comments
[–] LoveCanada@lemmy.ca 1 points 7 hours ago

And your “physics problems” are also solvable, people are currently putting billions of billions of dollars into battery research. There will come a point where batteries are superior to a tank of fuel for most use cases.

So, we're equating spending money with finding solutions to a physics problem?Would that money include the billions for the NorthVolt plant that just went belly up in Quebec? Doesnt seem very successful. Im glad you're certain cause the people with the big bucks certainly don't seem to be.

Have you looked at BYD (the BIG Chinese EV maker) lately? It has a Q1 2026 net profit decline of 55% year-on-year. Thats massive. Companies that cant attract investors dont succeed and when Warren Buffet pulls out of your company after 17 years, you know things are bleak.

Just because some companies spend big money does not in any way guarantee anything. "Hope" does not equal success. More accurately the number of EV startups that have failed far outnumbers the very few that appear to be succeeding. For now.