The chickens are coming home to roost for America's woke automakers who bought into the Biden regime's electric vehicle fantasy. Ford, General Motors, and Stellantis have collectively announced a staggering $50 billion in charges as they frantically retreat from their failed EV ambitions.
Ford alone announced in December it expects to take $19.5 billion in charges as EV demand plummets faster than Hunter Biden's laptop disappearing from news coverage. The Wall Street Journal reports these massive losses come as President Trump's administration wisely eliminates the taxpayer-funded EV subsidies that propped up this unsustainable market.
For years, these automakers drank the climate change Kool-Aid, betting billions on vehicles Americans simply don't want. While the previous administration threw taxpayer money at anything with a battery, real Americans stuck with reliable, affordable gas-powered vehicles that actually work in the real world.
The Trump administration's decision to end EV tax credits has exposed what patriots have known all along - these vehicles only survived on government life support. Without Uncle Sam forcing hardworking Americans to subsidize luxury toys for wealthy liberals, the true market demand is revealing itself.
This massive retreat represents a stunning validation of President Trump's America First energy policy. While the Biden regime tried to force Americans into expensive, unreliable electric vehicles, Trump promised to unleash American energy dominance with our abundant oil and gas resources.
The real tragedy? Thousands of American workers are paying the price for their executives' virtue signaling. These $50 billion in losses translate to plant closures, layoffs, and devastated communities - all because corporate boardrooms chose woke politics over sound business decisions.
President Trump's policies are bringing sanity back to American manufacturing. By ending the EV mandate madness and focusing on what Americans actually want and need, we're seeing the market correct itself from years of government interference.
The question now is: how many more industries will we have to rescue from the Biden regime's radical green agenda?
Award-winning journalist covering breaking news, politics & culture for Next News Network.
Source: Next News Network
