Future of EV's

The future of electric vehicles is changing as consumers turn away and governments realize that the grid is not up to the challenge and the harm to the environment is more than predicted. Auto companies realize this is not the time or place for EV’s. The final nail in the coffin was the cancelling of the $7,500 tax credit. Ford is pulling back, a move that will result in a $19.5 billion dollar charge against its earning to be taken this quarter. The odd thing is this loss is the result of a management decision and no one seems to be responsible. Mary Berra became CEO of GM in 2013. Here is a brief history of her grand plan. Starting in 2018, GM said it would sell only EV’s by 2035 and 50% of its fleet by 2030. Here is a report from Oct 2025. GM said it is laying off 1,750 workers indefinitely and cutting back 1,670 others as it scales back EV production. GM took a financial hit of $1.6 billion in late 2025 due to scaling back EV plans. Mary Berra is still the CEO.