…And, also as accurately predicted…it was all a giant waste of our tax dollars…totally avoidable and self inflicted…




Bad Bets: Massive EV Subsidies Not Paying Off
Outside of government work, the market for EV makers is grim. On Feb. 6, Stellantis announced a
$26 billion loss on its EV business. Ford has never been able to entice buyers to an electric version of its F-150 pickup, which for many years has been the best-selling car in America, and two months ago announced it will absorb
losses of $19 billion on its EV ventures through 2027. In an earnings call this month,
Honda revealed big 2025 EV losses, which have now cost the company close to $5 billion.
In between those staggering hits came General Motors, whose Chief Executive Mary Barra has been
an outspoken booster of EVs. Last month, General Motors announced a $6 billion write-off, which, added to previous losses, brings GM’s
EV hit to $7.6 billion. The German carmaker Volkswagen has seen declining sales of its EV cars in the U.S. – they fell off a cliff in the last quarter of 2025 after federal payments for buyers ended. VW executives said last year the company remained committed to spending $180 billion on its EV ventures,
a slight reduction from initial estimates, but its flagship model, the ID4, is the
slowest-selling car in the United States.
“There have been massive, mounting losses that are going to have to be made up somewhere,” Pyle said. “Washington bludgeoned carmakers into a timetable of efficiency standards and the carmakers went along with it. People should be vehemently opposed to anything mandatory, which in effect is what the government is doing.”
Bad Bets: Massive EV Subsidies Not Paying Off | RealClearInvestigations
OVERCHARGED EXPECTATIONS: UNMASKING THE TRUE COSTS OF ELECTRIC VEHICLES
2023-10-TrueCostofEVs-BennettIsaac.pdf