The electric vehicle house of cards is finally collapsing, and it's costing America's automakers a staggering $50 billion as President Trump's elimination of EV subsidies forces companies to face market reality instead of government-propped fantasy.
Ford Motor Company alone announced a jaw-dropping $19.5 billion in charges as the company retreats from its electric vehicle disaster. Combined with General Motors and Stellantis (Jeep's parent company), the Big Three automakers are now scrambling to undo years of woke environmental policies that prioritized virtue signaling over actual consumer demand.
This financial bloodbath was entirely predictable. For years, these companies chased Biden's green energy pipe dreams, pouring billions into EVs that Americans simply didn't want to buy. Without massive taxpayer-funded subsidies propping up sales, the market has spoken loud and clear: electric vehicles are expensive, impractical, and unwanted by everyday Americans.
Trump's Market-First Approach Exposes EV Lies
President Trump's decision to eliminate EV tax credits wasn't just good policy – it was a reality check that corporate boardrooms desperately needed. These automakers bet big on government handouts instead of building products consumers actually wanted, and now they're paying the price.
"The EV mandates were never about the environment – they were about control," one industry analyst noted. "Trump's policies are forcing companies to build cars people want to drive, not cars the government wants them to drive."
While legacy automakers hemorrhage money trying to unwind their green energy mistakes, companies focused on American manufacturing and consumer choice are thriving under Trump's America First policies.
This EV bubble burst proves what patriots have known all along: when government picks winners and losers instead of letting the free market decide, everyone loses – except the politicians and lobbyists who got rich off the scam. How much more taxpayer money would Democrats have wasted propping up this failed experiment if Trump hadn't returned to drain the swamp?