EVs in the USA head for bust while sales globally are artificially propped up

 Doug Field, the head of Ford’s EV unit … had good reason to be optimistic. Buoyed by billions of dollars in federal investment in charging infrastructure and a generous $7,500 consumer tax credit, the electric vehicle market in the United States had recently hit historic highs, climbing from annual sales of roughly 490,000 in 2021 to more than 800,000 in 2022 – an increase of approximately 60 per cent.

Yes, it was government-enabled and woke-driven. A false boom – and a colossal economic mistake in retrospect.

[Ford’s early EV model] seems to have been cursed from the outset. Unlike many of the earlier Ford EVs, the “bullet train” was not merely a retrofitted version of an existing vehicle with an internal combustion engine … It was an entirely new car, requiring a large and complicated battery to match the vehicle’s projected heft.

The early reaction to Ford’s ambition (wokeness) was green-is-great and the auto-transition-is-on. But reality set in....<<<Read More>>>...