So where does the money for NRE and R&D come from?

On Sat, May 24, 2014 at 11:41 AM, Ben Apollonio via EV <[email protected]>wrote:

> On May 23, 2014, at 9:06 PM, Michael Ross <[email protected]>
> wrote:
>
> > No, there is no economy of scale with the low numbers they are building.
>  That is a fact.
>
> Not on the electric drivetrain, no.  But on the wheels, body panels, dash
> board, seats, and everything else it has in common with the regular Fiat
> 500, you bet there is!
>
> >
> > I developed cam and crank sensors for a while.  The tooling for a cam
> sensor with 10 small components in it (I am even counting tiny neo magnets
> and some discreet electronic components and an IC) will easily exceed $300K
> - 10 years ago.  I am  fairly sure the cost is higher for an OEM (I was
> doing cost conscious aftermarket).
> >
> > Or if that doesn't help - what would it take for you to build an entire
> car that meets all the homologation, safety, blah, blah, blah?   It is
> incredible how much capital expense there is to bring out a car.  You have
> to make a lot of cars to break even -  whole lot, and you have to be pretty
> good at it or you will fold.
>
> R&D and NRE are not the same as production cost.  When budgeting for new
> product development, you do want to amortize it over expected sales, but to
> come out & grouse that you lose money on each car you sell because you
> previously spent a lot on NRE is disingenuous.  By that measure, Tesla is
> still losing money on every car it sells because they spent so much
> investor money on development, so they should just close up shop because
> there's no money to be made.  By the same measure, Apple lost gobs of money
> on the first 1000 iPads they sold -- they should have come out and whined
> and asked people to stop buying them because they were losing 1000's of
> dollars on every one.
>
> I get that EV's are still a niche market and it's hard to recoup
> development costs.  Hence why I'm wondering if the compliance car mandate
> is obsolete -- let the companies like Nissan and Tesla who want to invest
> have an easier time recouping THEIR investments with less competition from
> unwilling and whiny rich people.
>
> -Ben
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