The U.S. state capitalist EV boondoggle comes to an end, shape-shifting automakers take well-deserved $50 billion hit

 

 Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts

... Following years of investments into EV technology, the Detroit Big Three ... have announced more than $50 billion in combined write-downs.

EV sales fell more than 30% in the fourth quarter, after a $7,500 federal tax credit that had juiced U.S. sales expired in September. ... 

Automakers’ retreats and massive write-downs have come as Republican lawmakers abolished a lucrative federal tax credit for EVs last fall, while also doing away with federal fuel-efficiency mandates. Even with federal support, EV demand was below expectations. ...

Ford Lightning review by Scotty Kilmer: Not Suitable For Towing on a trip, takes 3 days to charge at home, range plummets when cold, battery exposed to the elements will corrode, yada, yada, yada

 But it comes with a Frunk!

LOL, one of Scotty Kilmer's worst cars ever made has Bernie stickers all over it

 Bernie isn't for sale, and neither is the PT Cruiser.

I'm sure it's just a coincidence.

 

LOL, The Grauniad just lies that electric vehicles aren't heavier and don't produce more tire pollution than conventional vehicles

The average weight of all cars has been increasing. But there has been particular debate over whether battery electric vehicles (BEVs), which are heavier than conventional cars and can have greater wheel torque, may lead to more tyre particles being produced. Molden said it would depend on driving style, with gentle EV drivers producing fewer particles than fossil-fuelled cars driven badly, though on average he expected slightly higher tyre particles from BEVs. 

More here, in "Car tyres produce vastly more particle pollution than exhausts, tests show".

Meanwhile, the great Scotty Kilmer was all over this like white on rice a couple of days ago: