The American consumer’s “love affair” with electric vehicles turned out to be more of a figurative one-night stand. That’s the conclusion of many economists today, along with the management at automakers including Ford and General Motors. The Biden administration attempted to force its EV mandate and goose the public into supporting it by spiking the punchbowl in the form of generous taxpayer-funded subsidies and rebates. (It’s funny how generous they can be with your money, isn’t it?) And for a little while it seemed to work, at least to a degree. There was an initial surge in EV sales, leading some of the larger automakers to introduce new lines of EVs and ramp up production. But soon those sales cooled dramatically, and lots began to fill up with unsold EVs while sales of traditional internal combustion models returned to previous levels. At this point, the conclusion is that the…
The EV Mandate Push Has Flopped. What’s Plan B? – HotAir
