Electric Vehicle Push: A Costly Mistake for America
Submitted by MAGA
Posted 2 hours ago
The ongoing electric vehicle (EV) saga appears to be spiraling into what could be one of the most colossal financial blunders in modern history, pushing taxpayers and car buyers to the edge.
Recent announcements from major automakers highlight a disheartening trend: billions of dollars in losses tied directly to the push for so-called zero-emission cars.
Stellantis, the parent company of Chrysler, has revealed a staggering $26 billion write-down, joining other automotive giants like General Motors and Ford in suffering immense financial setbacks totaling approximately $140 billion over the past three years.
These losses have raised eyebrows, prompting a critical examination of what has become a misguided obsession with electric vehicles.
Prominent figures in the auto industry boasted ambitious plans to transition entirely to electric vehicles, with GM committing to an all-electric future by 2035 just a few years ago.
However, the reality of the market is proving these predictions to be overly optimistic.
The fervent push for EVs has been propelled not by genuine consumer demand but by relentless regulatory pressure and lavish government subsidies designed to manipulate market outcomes.
Federal and state taxpayers have collectively poured hundreds of billions into EV incentives, covering everything from the cost of production to the installation of charging stations.
Despite the heavy financial burden placed on consumers, the reality checks keep coming.
Joe Biden’s misnamed “Inflation Reduction Act” may have promised greener skies, but it has primarily resulted in more funding for an industry mismanaged by environmental zealots.
Biden’s administration committed $7.5 billion for charging infrastructure, only to yield fewer than 400 charging ports—a glaring failure that further exemplifies the wasteful spending associated with this misguided initiative.
Consumers are sending a clear message: they prefer the affordability and reliability of gas-powered vehicles.
The so-called “green revolution” has not resonated with everyday Americans who prioritize practical transportation over ideological mandates.
Fortunately, the Trump administration recognized the dangers of this direction and has been working to dismantle these excessive subsidy schemes, aiming to relieve taxpayers of the burden.
As more automakers join the ranks of those recalibrating their approaches to meet consumer preferences, it’s crucial to hold accountable those who have pushed the EV agenda without considering the consequences.
In the face of mounting losses, it’s time for a reckoning—one in which all parties complicit in this costly venture are held to account.
The overreach of regulators and environmental advocates has not only cost automakers dearly; it has also left consumers grappling with the fallout of decisions made far from their interests.
As this EV spectacle unfolds, it serves as a stark reminder of the necessity for a government that respects and prioritizes the real needs and desires of the people it serves.
Sources:
issuesinsights.com
economiccollapse.report
theepochtimes.com
Recent announcements from major automakers highlight a disheartening trend: billions of dollars in losses tied directly to the push for so-called zero-emission cars.
Stellantis, the parent company of Chrysler, has revealed a staggering $26 billion write-down, joining other automotive giants like General Motors and Ford in suffering immense financial setbacks totaling approximately $140 billion over the past three years.
These losses have raised eyebrows, prompting a critical examination of what has become a misguided obsession with electric vehicles.
Prominent figures in the auto industry boasted ambitious plans to transition entirely to electric vehicles, with GM committing to an all-electric future by 2035 just a few years ago.
However, the reality of the market is proving these predictions to be overly optimistic.
The fervent push for EVs has been propelled not by genuine consumer demand but by relentless regulatory pressure and lavish government subsidies designed to manipulate market outcomes.
Federal and state taxpayers have collectively poured hundreds of billions into EV incentives, covering everything from the cost of production to the installation of charging stations.
Despite the heavy financial burden placed on consumers, the reality checks keep coming.
Joe Biden’s misnamed “Inflation Reduction Act” may have promised greener skies, but it has primarily resulted in more funding for an industry mismanaged by environmental zealots.
Biden’s administration committed $7.5 billion for charging infrastructure, only to yield fewer than 400 charging ports—a glaring failure that further exemplifies the wasteful spending associated with this misguided initiative.
Consumers are sending a clear message: they prefer the affordability and reliability of gas-powered vehicles.
The so-called “green revolution” has not resonated with everyday Americans who prioritize practical transportation over ideological mandates.
Fortunately, the Trump administration recognized the dangers of this direction and has been working to dismantle these excessive subsidy schemes, aiming to relieve taxpayers of the burden.
As more automakers join the ranks of those recalibrating their approaches to meet consumer preferences, it’s crucial to hold accountable those who have pushed the EV agenda without considering the consequences.
In the face of mounting losses, it’s time for a reckoning—one in which all parties complicit in this costly venture are held to account.
The overreach of regulators and environmental advocates has not only cost automakers dearly; it has also left consumers grappling with the fallout of decisions made far from their interests.
As this EV spectacle unfolds, it serves as a stark reminder of the necessity for a government that respects and prioritizes the real needs and desires of the people it serves.
Sources:
issuesinsights.com
economiccollapse.report
theepochtimes.com
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