Why not? The assumed that the administrative state will bail them out when it fails horribly so what is the real risk?
“Why not? The assumed that the administrative state will bail them out when it fails horribly so what is the real risk?”
The risk is getting in bed with a whore and expecting to be protected. Anyone putting their financial future in the hands of politicians who are risking nothing is just plain stupid.
Don't forget the punishment aspect for not going along with the administrative state. No corporation wants to go through regulatory hell. Then there's the aspect of generational marketing; the car makers wanted to build street cred among Gen Z.
IMHO it'd probably be wise for a car maker to have maybe 10% of their products be EV to cater to that market. Analogous to most pickup buyers not needing a F-350 diesel, but some do. Likewise, most people aren't in a situation where buying an EV is practical, but some are.