Have you ever noticed that government officials never seem to pay the price for their wretched policies? The same holds true for the affluent liberals whose terrible ideas often drive those policies. According to the , executives at the Ford Motor Company have decided to “pivot” away from their electric vehicle business, which they project will cost the company around $5 billion this year. As we have seen with other , numbers that bad often entail job losses.
Unfortunately, terrible ideas can have consequences for the workers who did not implement them. In this case, Ford Chief Financial Officer John Lawler cited one major factor shaping the company’s decision to delay the launch of new EV vehicles or scrap them altogether. “Based on where the market is and where the customer is, we will pivot and adjust and make those tough decisions,” Lawlar said.
Another company executive has also bemoaned stiff competition from the Chinese EV industry. “We believe that the fitness of the Chinese in EVs will eventually wash over our entire industry in all regions,” Ford Chief Executive Jim Farley told analysts last month. Still domestic demand poses the biggest problem.
According to the WSJ, “consumer interest in EVs has waned after a burst of enthusiasm.” For instance, the sales growth figure for fully electric vehicles has plummeted from near 50 percent in 2023 to only 6.8 percent in the first half of 2024.
We should note, of course, that conservatives do not object to .