https://www.gatestoneinstitute.org/20127/forced-electric-vehicles
- [O]ur federal and state governments are investing huge sums of money into projects that will benefit a foreign government [Chinese Communist China] one that might not have America's best interests in mind.
- The harshest reality check may come in the form of expensive inventory build-up of unsold EVs that Ford thought customers would buy but is now finding out that customers do not want.
- Another red flag for EVs is the lack of profitability for Ford and GM's models. Ford lost $32,000 on every EV it sold in 2023 and expects its EV business to lose $4.5 billion on the year. GM saw its quarterly profits cut by $1.5 billion due to EV losses.
- It is time for our policy makers to stop and seriously evaluate if we as a nation are prepared to make these gigantic investments in unproven technologies that risk our nation's energy and transportation leadership.
- Now is not the time for communist-style “central planning,” or to let ideologues drive America's policy and its future over the proverbial cliff.