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EV tax credit expiration caused $50B in losses for Detroit automakers due to plummeting sales and unsustainable government-backed investments.
Government subsidies for electric vehicles have led to a $50 billion loss for Detroit's auto industry, according to a new analysis, as EV sales plummeted after the federal tax credit expired in 2025.
The report blames decades of taxpayer-funded support under Obama and Biden for creating unsustainable investment, resulting in unsold inventory and losses at Ford, GM, and Stellantis.
Declining consumer adoption is linked to range anxiety, cold-weather performance issues, and political backlash, particularly among Republicans.
While future EV advancements may offer promise, the article argues that government intervention distorted market forces, urging policymakers to withdraw from the auto sector to allow true market competition.
La expiración del crédito fiscal EV causó $ 50B en pérdidas para los fabricantes de automóviles de Detroit debido a la caída en picado de las ventas y las inversiones insostenibles respaldadas por el gobierno.