The Forced EV Revolution — the Big-government Boom that Busted and Ford alone blew $20b US EV Bubble

[rangerrebew]

The Forced EV Revolution — the Big-government Boom that Busted and Ford alone blew $20b US
EV Bubble

By Jo Nova

 The EV bubble, or what’s left of it, popped this week
After carmakers invested billions into EV designs, and the EU and UK vowed to ban internal combustion engines, it’s all come undone. Donald Trump pulled the pin on subsidies for EVs and eased the strict emissions rules that punished petrol and diesel cars. US sales of electric cars promptly fell 40% in November. Ford’s fell by nearly 60%.

In response, Ford has killed off several electric cars, and will swallow a bitter pill of a $19.5 billion US dollar write down. That’s a lot of cars it will have to sell to make that money back. Gone is the fully electric F-150, the next generation electric truck, and any plan to make electric commercial vans. Instead Ford says it will shift into gas and hybrid models.

General Motors laid off 3,300 workers at EV  plants in the US.

On the other side of the Pacific, shares of Korean battery makers “slumped across the board” this week after the news.

The day after the Ford announcement the European Commission let the world know it would wind back the total ban on internal combustion engines which was supposed to come into effect in 2035. Theoretically they’re only dropping the 100% ban to a 90% one. But the ideology has cracked, largely due to the uproar from European car makers who were not selling enough EV’s to make it work.

https://joannenova.com.au/2025/12/the-forced-ev-revolution-the-big-government-boom-that-busted-and-ford-alone-blew-20b-us/

[IsailedawayfromFR]

Rationale #1 on why the government should have no role in what consumers purchase. 

Rationale #2 on why a company should never pursue making money based upon government subsidies and mandates.  Governments change, but people much less so.

[Cyber Liberty]

Rationale #1 on why the government should have no role in what consumers purchase. 

Rationale #2 on why a company should never pursue making money based upon government subsidies and mandates.  Governments change, but people much less so.

There will be more carmakers losing billions...Europe is backing off their goal of all-electric cars by 2035.

[Smokin Joe]

Regulation based on junk science has created the situation where manufacturers were faced with their primary products being banned, so they had to try to make it work.

Sucks to be stuck in the penumbra of government overreach based on poor science.
It's the equivalent of Lysenkoism on wheels.