Not long ago, electric vehicles (EVs) were heralded as the inevitable successors to gas-powered cars, promising a green revolution on wheels. Automakers dove headfirst into the hype, unveiling ambitious blueprints for fleets of battery-powered models and pouring billions into factories, batteries, and tech to spearhead the shift.
Yet, consumer enthusiasm never matched the buzz—range anxiety, high costs, and charging woes kept buyers at bay. The tipping point came when U.S. government subsidies evaporated under policy changes, leaving the EV market parched. Sales plummeted, forcing giants like Ford (F) and General Motors (GM) to swallow massive losses and retreat. Now, Stellantis (STLA) joins the wreckage, its EV dreams derailed in a costly crash.
