When there is a demand for a product or service, then those who can sufficiently supply that demand will do well. Those who cannot, won’t.
And that principle alone is why the electric vehicle (EV) industry is already imploding.
The Biden regime and its left-wing lunatic ‘green energy’ base have forced EVs on the American people. There was no widespread demand for EVs in years past and there isn’t any real demand for them now. There is little charging infrastructure to support the vehicles, and Americans who have bought one are finding out that they were lied to regarding the advertised ‘ranges’ for said vehicles, and the vast majority of them are prohibitively expensive.
As such, The Wall Street Journal reports, most EV makers are already cutting production goals as demand refuses to pick up and supply chain issues prevent wider manufacturing:
Electric-vehicle maker Lucid Group Inc. said it expected to make half as many cars as previously forecast this year, citing supply-chain and logistical challenges that have troubled the wider auto industry as well as the company’s own problems.
The California-based company on Wednesday slashed its 2022 production target for the second time this year. Lucid now projects making between 6,000 and 7,000 vehicles. It first lowered a previous estimate of 20,000 vehicles to between 12,000 and 14,000 in February....<<<Read More>>>...
