Are Electric Vehicles Finished?

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Are Electric Vehicles Finished?

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.

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