Electric car fiasco: Profits at Mercedes plunge as EV sales go into ‘freefall’ – Porsche abandons sales targets for EVs – Tesla’s profits drop 45% – Ford losing nearly $50,000 on every EV it sells

Unending EV disaster:

“Profits at the German auto giant Mercedes plunged on Friday as sales of its slick new range of electric vehicles (EVs) went into freefall. Porsche abandoned its sales targets for battery-powered cars amid waning demand from customers. Ford is losing nearly… pic.twitter.com/p5v51YLsLv

— Steve Milloy (@JunkScience) July 27, 2024

https://www.telegraph.co.uk/business/2024/07/27/heads-should-roll-over-the-electric-car-fiasco/

Heads should roll over the electric car fiasco: Policymakers have wasted billions chasing a net zero pipe dream. It is time they were held accountable – By MATTHEW LYNN