this post was submitted on 14 Feb 2026
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Fuck Cars

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Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand

Source: https://www.wsj.com/business/autos/detroit-automakers-take-50-billion-hit-as-ev-bubble-bursts-06a97414

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[–] ivanvector@piefed.ca 3 points 9 hours ago

US automakers designed EVs that are really just toys for the wealthy, not a family mover or grocery getter or daily commuter. It's not just the EVs: I'm in Canada and the market is different but not that different, and I don't know anyone who drives a US-brand vehicle smaller than an F150. I haven't set foot in a US dealership in maybe 30 years. US automakers are apparently baffled that they're not selling luxury second vehicles at a time when affordability has been on the decline for 40+ years.

Meanwhile, in markets with reasonably affordable, well-built, and compact EVs available, they're selling like crazy.