"That’s especially true of automakers who, rather than standing up for their consumers, eagerly bent the knee to the Climate Industrial Complex."
For that matter, who or what has been guiding General Motors (which announced a $7.6 billion writedown last month), Ford ($19.5 billion), and other automakers that’ve written down a total of $140 billion in just the past three years?
"Anyone who has followed the auto industry over the past decade knows the answer. All of these losses are the result of automakers chasing the phantom known as “zero emission” cars.
"Remember that until just recently, we were treated to a constant barrage of stories about how EV sales were skyrocketing, and car companies were winning plaudits for going green.
"Just five years ago, GM promised to go all-electric by 2035, and just two years ago, its chief executive, Mary Barra, said “we believe in an all-electric future.” Honda, Volvo, Ford, and others laid out plans to be 100% “zero emission” within two decades.
"It was all supported by Big Environment, which brayed that EVs were the only way to save the planet from “climate change.”
"But none of it worked out as planned.
"And keep in mind that the $140 billion in combined auto industry losses is just the tip of the iceberg. Those are just the costs incurred by shareholders and employees of these companies.
"Taxpayers have forked over hundreds of billions in federal and state tax dollars in subsidies that were designed to “kick start” the EV car market. They paid thousands toward the cost of each EV sold. They paid companies to build battery factories. They paid for charging stations." . . . More...
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