No one can tell from their stock prices that Ford Motor Co. ( NYSE: F) and General Motors Co. ( NYSE: GM) have almost completely wasted the tens of billions of dollars each has put into electric vehicles (EVs). There is even a rumor that Ford will kill its EV flagship, the F-150 Lightning. The stock market favors manufacturers that produce and sell gasoline-powered cars. In parts of the world, especially outside China, it will remain a great business for years, if not decades.