David Harsanyi argues against electric vehicle (EV) subsidies, noting that despite their modern appeal, most features are already available in cheaper gas-powered cars. He points out that EV sales remain low, making up only about 9% of the market, and are mostly purchased by wealthy consumers. Ford's significant financial losses in its EV division, projected at $5.5 billion for the year, suggest that the company is reacting to government incentives rather than market demand, raising concerns about the sustainability of their EV strategy.
Ford projected it would lose $5.5 billion on its electric cars this year, which is a clear indication of an unsustainable production model.
Despite government subsidies, EVs only account for about 9% of new car sales, largely to the wealthy, highlighting the market's lack of demand.
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