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An article title caught my consideration in the present day for a few causes. The title of the article is: “Major Automakers Have Written Off $55 Billion After Overestimating EV Demand.”
Hmm….
Initially, the factor that jumped out to me was $55 billion. That’s quite a lot of freakin’ cash! The latest announcement contributing to this was additionally the most important. Stellantis simply wrote off $26 billion of EV funding. Gorgeous. Unimaginable. Horrifying.
Ford wrote off one other almost $20 billion, which triggered quite a lot of dialogue on this matter already.
Taking a step again, it’s vastly disheartening to see that this a lot cash being invested into EVs was simply all of the sudden dropped and written off as a supposedly ineffective and dead-end endeavor. It’s stunning, and in addition a vastly adverse signal for the place we’re headed with the local weather.
However why was the $55 billion written off? Are automakers giving up on their EV plans as a result of they overestimated EV demand?
Effectively, the plain reply is definitely a very powerful one: US coverage modified dramatically when Donald Trump took workplace and Republicans took management of the Home of Representatives in addition to the Senate. EV subsidies have been killed, the Trump administration is making an attempt to kill EV charging initiatives, and, in…
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Author : tech365
Publish date : 2026-02-11 07:54:00
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