Free Republic

The electric vehicle industry has taken a pummeling this year. The Trump administration, as expected, reversed a whole suite of federal policies that promoted or encouraged EVs. California's ability to require the sale of EVs: gone. Federal rules about emissions and fuel economy — being rewritten. Federal penalties for car companies that sell too many gas guzzlers: zeroed out. The $7,500 federal tax credit? Kaput. Meanwhile, automakers delayed or canceled a host of unprofitable EV plans. The all-electric Ram 1500 REV was canceled before a single one was built. The all-electric Ford Lightning was discontinued despite some glowing reviews. (Both...

Electric Vehicles (EVs) are “piling up on dealer lots” as American consumers continue buying traditional gas-powered cars at faster rates, the Wall Street Journal reports. According to the Journal, despite major investments from the federal government and automakers into EVs, Americans are not warming to President Joe Biden’s green energy agenda the way the administration and the industry had predicted. The Journal reports: As a result, electric cars and trucks are piling up on dealer lots, causing auto companies to reassess their investment plans. It takes a dealership around three weeks longer to sell an EV than a gasoline vehicle,...

Ford Motor Company projects it will lose a staggering $4.5 billion on electric vehicles (EVs) in 2023, up from its previously predicted loss of $3 billion earlier this year. Ford, which has recently reduced the price of its electric F-150 Lightning pickup truck, announced Thursday that the company is projected to lose $4.5 billion from EVs this year, according to a report by Fortune. The company’s EV division, called “Ford Model e,” has already lost about $1.8 billion so far this year. The projected loss of $4.5 billion reportedly stems from slower-than-expected adoption of the new battery-powered vehicles.