{"id":418054,"date":"2025-12-21T14:15:08","date_gmt":"2025-12-21T13:15:08","guid":{"rendered":"https:\/\/climatescience.press\/?p=418054"},"modified":"2025-12-21T14:15:10","modified_gmt":"2025-12-21T13:15:10","slug":"the-ev-bubble-or-whats-left-of-it-popped-this-week","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=418054","title":{"rendered":"The EV bubble, or what\u2019s left of it, popped this week"},"content":{"rendered":"\n
\"An<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From CFACT<\/a><\/p>\n\n\n\n

By Joanne Nova<\/a><\/p>\n\n\n\n

\"A<\/figure>\n\n\n\n

After carmakers invested billions into EV designs, and the EU and UK vowed to ban internal combustion engines, it\u2019s 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.<\/a> Ford\u2019s fell by nearly 60%.<\/p>\n\n\n\n

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\u2019s 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.<\/p>\n\n\n\n

General Motors laid off\u00a03,300 workers at EV\u00a0<\/a>plants in the US.<\/p>\n\n\n\n

On the other side of the Pacific, shares of Korean battery makers \u201cslumped across the board<\/a>\u201d this week after the news.<\/p>\n\n\n\n

The day after the Ford announcement the European Commission let the world know it would wind back the total ban<\/a> on internal combustion engines which was supposed to come into effect in 2035. Theoretically they\u2019re 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\u2019s to make it work.<\/p>\n\n\n\n

There are already calls to drop the 90% rule. It will mean that only the rich will be able to afford the few new petrol and diesel cars available for sale. Presumably the unwashed masses will just keep driving their old cars,.<\/p>\n\n\n\n

Ford Learns a Brutal EV Lesson<\/a><\/h3>\n\n\n\n

The car maker takes a $19.5 billion write-down on its electric-vehicle business.<\/h4>\n\n\n\n

The Wall Street Journal<\/em><\/p>\n\n\n\n

Not long ago, auto makers were touting electric cars as the future. Well, now they are slamming the brakes hard on that future as market reality has hit them like a 16-wheeler. See Ford Motor<\/a>\u2019s stunning announcement Monday that it will take a $19.5 billion charge on its electric-vehicle business.<\/p>\n\n\n\n

\u201cInstead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,\u201d Ford CEO Jim Farley said as he explained the company\u2019s plan to boost its lineup of gas-powered cars and hybrids. Ford will also scrap its all-electric F-150 Lightning pickup, which has been a favorite of the EV-loving press.<\/p>\n\n\n\n

Ford has lost $13 billion on its EV business since 2023, with bigger losses expected in years to come. Last year Ford lost about $50,000 for each EV sold. The truth is that the business case for EVs has always rested largely on government subsidies and mandates. Now that this combination of government favoritism and coercion is mostly going away, most car makers have much less reason to make EVs.<\/p>\n\n\n\n

The same week as CSIRO decided 90% renewable was near enough,<\/em><\/a> the EU did a similar thing:<\/em><\/p>\n\n\n\n

EU drops 2035 combustion engine ban as global EV shift faces reset<\/a><\/h3>\n\n\n\n

By Philip Blenkinsop<\/a>, Reuters<\/em><\/p>\n\n\n\n

STRASBOURG, Dec 16 (Reuters) \u2013 The European Commission unveiled a plan<\/a> on Tuesday to drop the EU\u2019s effective ban on new combustion-engine cars from 2035 after pressure from the region\u2019s auto sector<\/a>, marking the bloc\u2019s biggest retreat from its green policies in recent years.<\/strong><\/p>\n\n\n\n

Dominic Phinn, head of transport at non-profit group Climate Group, countered that the measures were a \u201ctragic win\u201d for the traditional industry over electric cars. \u201cThe watering down of the petrol and diesel-engine phase-out flies in the face of leading companies across Europe, who are investing billions in electric fleets and desperately need the stability it provides,\u201d he said.<\/p>\n\n\n\n

Under Tuesday\u2019s proposal, EU targets would shift to a 90% cut in CO2 emissions from 2021 levels, instead of current rules that all new cars and vans from 2035 have zero emissions.<\/p>\n\n\n\n

The lesson, yet again, is that in trying to artificially make EV\u2019s cheaper, Big Government has made all cars more expensive. Ford and everyone else will have to make up those losses somehow. And in trying to reduce emissions, the bureaucrats have almost certainly increased them. By denying  the poor a chance to own a new car, they\u2019re undoubtedly kept older, higher emission cars on the road. Not that emissions matter \u2014 the point is that whatever it was that the geniuses with the magic wand wanted, the free market would have done it better.<\/p>\n\n\n\n

This article originally appeared at\u00a0<\/strong><\/em>JoNova<\/em><\/strong><\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

After carmakers invested billions into EV designs, and the EU and UK vowed to ban internal combustion engines, it\u2019s 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\u2019s fell by nearly 60%.<\/p>\n","protected":false},"author":121246920,"featured_media":418059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Explore the fallout of the EV market downturn as Ford and GM reassess their electric vehicle strategies amidst changing regulations and challenges.","jetpack_seo_html_title":"Ford Faces $19.5B Loss as EV Market Cracks Amid Policy Shifts","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvY2xpbWF0ZS1zY2llbmNlLnByZXNzXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI1XC8xMlwvQVFPcDhINDFoSHdVUmVrNndtSUNRQ2RYaVdzNVVaYmdVcDN5OUZiLVBzN2o1TWc5VTVNbDJsVXU5dkdXdFZHekdoV0RJblpXOTVLREhsY29DQ2drRVhERGl0U19NV2VyN2Q0TGJLaWR2Ny1OYmdOUkVjNEJTYkpoVWVEeUxETEZadktIbEdjbGViRDV6Tzk4TU02ejlOcDZUd0N6ZXctMTAyNHgxMDI0LmpwZWciLCJ0eHQiOiJUaGUgRVYgYnViYmxlLCBvciB3aGF0XHUyMDE5cyBsZWZ0IG9mIGl0LCBwb3BwZWQgdGhpcyB3ZWVrIiwidGVtcGxhdGUiOiJoaWdod2F5IiwiZm9udCI6IiIsImJsb2dfaWQiOjE1NTgxMjQ0OX0.-HGrUaNznYmAQUpynX_VXm4C2kPjKChBlkjPJ3jn4KoMQ"},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691821977,691819303,691840242,691818859,691824250,691821582,691840241,691818299],"class_list":{"0":"post-418054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-electric-vehicles-evs","9":"tag-european-commission","10":"tag-ev-loving-press","11":"tag-ford","12":"tag-general-motors","13":"tag-green-policies","14":"tag-nternal-combustion-engines","15":"tag-subsidies","17":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQOp8H41hHwURek6wmICQCdXiWs5UZbgUp3y9Fb-Ps7j5Mg9U5Ml2lUu9vGWtVGzGhWDInZW95KDHlcoCCgkEXDDitS_MWer7d4LbKidv7-NbgNREc4BSbJhUeDyLDLFZvKHlGclebD5zO98MM6z9Np6TwCzew.jpeg?fit=1280%2C1280&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1KKO","jetpack-related-posts":[{"id":285954,"url":"https:\/\/climatescience.press\/?p=285954","url_meta":{"origin":418054,"position":0},"title":"Electric Vehicles: Unveiling the Hidden Costs","author":"uwe.roland.gross","date":"01\/11\/2023","format":false,"excerpt":"It doesn\u2019t include road maintenance \u2014 EVs tend to be heavier and cause more damage to pavement than conventional cars and trucks \u2014 because they avoid fuel taxes and surcharges that would otherwise go into preserving the road network. 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In April 2022 the Biden Administration had adopted aggressive vehicle mileage standards intended to be\u2026","rel":"","context":"In \"\u201cclimate leader\u201d states\"","block_context":{"text":"\u201cclimate leader\u201d states","link":"https:\/\/climatescience.press\/?tag=climate-leader-states"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQPN7XEoG-wD55p7890mwc-VavmxJjA3pFkw20d7H7DNe4QSMfNY9cyWpEuWFrpedA_UV05haTIAY9ecPP7PqZThAQ3Zi-U-2MnjCiyYL2ZxS_D-SdJoWAKeTqmQbKz_KLK_GjINc-GCfchnhbQ8rLWJT9s7tQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQPN7XEoG-wD55p7890mwc-VavmxJjA3pFkw20d7H7DNe4QSMfNY9cyWpEuWFrpedA_UV05haTIAY9ecPP7PqZThAQ3Zi-U-2MnjCiyYL2ZxS_D-SdJoWAKeTqmQbKz_KLK_GjINc-GCfchnhbQ8rLWJT9s7tQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQPN7XEoG-wD55p7890mwc-VavmxJjA3pFkw20d7H7DNe4QSMfNY9cyWpEuWFrpedA_UV05haTIAY9ecPP7PqZThAQ3Zi-U-2MnjCiyYL2ZxS_D-SdJoWAKeTqmQbKz_KLK_GjINc-GCfchnhbQ8rLWJT9s7tQ.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQPN7XEoG-wD55p7890mwc-VavmxJjA3pFkw20d7H7DNe4QSMfNY9cyWpEuWFrpedA_UV05haTIAY9ecPP7PqZThAQ3Zi-U-2MnjCiyYL2ZxS_D-SdJoWAKeTqmQbKz_KLK_GjINc-GCfchnhbQ8rLWJT9s7tQ.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQPN7XEoG-wD55p7890mwc-VavmxJjA3pFkw20d7H7DNe4QSMfNY9cyWpEuWFrpedA_UV05haTIAY9ecPP7PqZThAQ3Zi-U-2MnjCiyYL2ZxS_D-SdJoWAKeTqmQbKz_KLK_GjINc-GCfchnhbQ8rLWJT9s7tQ.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":215316,"url":"https:\/\/climatescience.press\/?p=215316","url_meta":{"origin":418054,"position":2},"title":"Breitbart Correctly Reports on the Folly of Ford\u2019s EV Transition","author":"uwe.roland.gross","date":"24\/08\/2022","format":false,"excerpt":"This is a foolish move on Ford\u2019s part, as pointed out by the\u00a0Breitbart\u00a0post, and will not protect the environment or help families save money.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1031.png?fit=1200%2C859&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1031.png?fit=1200%2C859&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1031.png?fit=1200%2C859&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1031.png?fit=1200%2C859&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1031.png?fit=1200%2C859&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":252246,"url":"https:\/\/climatescience.press\/?p=252246","url_meta":{"origin":418054,"position":3},"title":"Finally, the Europeans Revolt Over Net Zero Mandates and the Electric Vehicle Kool-Aid","author":"uwe.roland.gross","date":"11\/04\/2023","format":false,"excerpt":"You may not know it if you rely solely on American media, but there is a growing revolt across much of Europe against Net Zero mandates in general and electric vehicle mandates in particular.","rel":"","context":"In \"e-fuels\"","block_context":{"text":"e-fuels","link":"https:\/\/climatescience.press\/?tag=e-fuels"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/01b7b60c2-0007-4192-ac0d-fa9961de4cb0.jpg?fit=1200%2C707&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/01b7b60c2-0007-4192-ac0d-fa9961de4cb0.jpg?fit=1200%2C707&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/01b7b60c2-0007-4192-ac0d-fa9961de4cb0.jpg?fit=1200%2C707&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/01b7b60c2-0007-4192-ac0d-fa9961de4cb0.jpg?fit=1200%2C707&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/01b7b60c2-0007-4192-ac0d-fa9961de4cb0.jpg?fit=1200%2C707&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":285941,"url":"https:\/\/climatescience.press\/?p=285941","url_meta":{"origin":418054,"position":4},"title":"Study: Cost of \u2018fueling\u2019 an electric vehicle is equivalent to $17.33 per gallon","author":"uwe.roland.gross","date":"01\/11\/2023","format":false,"excerpt":"The complete costs of \"fueling\" an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new\u00a0analysis\u00a0from the Texas Public Policy Foundation says. BY\u00a0KENNETH SCHRUPP\u00a0 An electric vehicle driver makes use of a charging station in Seattle.\u00a0Photo courtesy of the City of Seattle. The study authors say\u2026","rel":"","context":"In \"$17.33 Per Gallon\"","block_context":{"text":"$17.33 Per Gallon","link":"https:\/\/climatescience.press\/?tag=17-33-per-gallon"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0westernstandard_2023-10_20d7ac8b-57aa-44df-b263-e71c88e0733a_IMG_1881-1.webp?fit=768%2C432&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0westernstandard_2023-10_20d7ac8b-57aa-44df-b263-e71c88e0733a_IMG_1881-1.webp?fit=768%2C432&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0westernstandard_2023-10_20d7ac8b-57aa-44df-b263-e71c88e0733a_IMG_1881-1.webp?fit=768%2C432&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0westernstandard_2023-10_20d7ac8b-57aa-44df-b263-e71c88e0733a_IMG_1881-1.webp?fit=768%2C432&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":432888,"url":"https:\/\/climatescience.press\/?p=432888","url_meta":{"origin":418054,"position":5},"title":"Electric Car Registrations in U.S. Plunge 41% as Gas-Powered Vehicles Gain Traction","author":"uwe.roland.gross","date":"21\/03\/2026","format":false,"excerpt":"Honda is only one of many companies that have altered EV production plans. 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