Are Electric Vehicles Finished?
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TL;DR
- Ford is taking a $19.5 billion charge to stop producing electric vehicles.
- The F-150 Lightning and a new electric truck factory will be affected.
- General Motors is taking a $1.6 billion charge and cutting back EV plans.
- The EU has loosened rules that would have banned combustion engines by 2035.
- Conservatives view these developments as proof that the EV industry requires government support and is not driven by consumer demand.