Damn right they are. Only with the edsel ford lost money, in this case EVERONE of us is losing money.
It didn't take government to force the change from horses to gas vehicles. The more useful cars were the difference. the buying public demanded the change. Not one penny of government money went into putting gas stations On almost every street corner and crossroads, again, the buying public caused the installation of PROFITABLE fuel stops.
By the way, when cars first started being used the electric car market was pretty competitive to gas cars, However, the same problems that ended up destroying the original "EV's" market are what the current EV's are experiencing.
https://mammothnation.com/blog/are-evs- ... &utm_term=
Since math can’t lie, here’s a look at how EVs are stacking up in terms of economic value. Economist Steve Moore recently compared EVs to the ill-fated Edsel, “one of the textbook marketing flops of all time.” (Millenials and Gen Z may have to do an internet search on this one.)
“All the automotive experts and Ford executives said it was a can’t-miss. Henry Ford (the car was named after his son) guaranteed hundreds of thousands of sales. But one big thing went wrong: Nobody ever bothered to ask car buyers what they thought of the new car,” he wrote.
“Given the all-in approach to electric vehicles at Ford and General Motors, it’s clear that Detroit never got the message.”
The main difference between the Edsel of the 1950s and EVs of the 21st century, however, is that taxpayers didn’t have to fork over hundreds of billions of dollars when the Edsel flopped....
...Are Dealers Cashing In?
The answer is a definite no. Despite all the subsidies, dealers can’t move the things off their lots. Last week, 4,000 dealers wrote Biden a letter begging him to ease up on his plans to mandate EV sales. They’re already suffering as carmakers flood the market with Biden-approved EVs. (You can read the entire letter here.)
“They are not selling nearly as fast as they are arriving at our dealerships — even with deep price cuts, manufacturer incentives, and generous government incentives,” they wrote. “Already, electric vehicles are stacking up on our lots, which is our best indicator of customer demand in the marketplace.”
For a while, EV sales were on the rise. But the bottom has fallen out now that most of the wealthy, early-adaptor, virtue-signaling homeowners have bought theirs.
Most car purchasers are more concerned with affordability, distance range, and not having to worry about the car spontaneously blowing up.
“Today’s current technology is not adequate to support the needs of the majority of our consumers,” the dealers explained to Biden....
...Insurance Costs More for EVs
An analysis by Policygenius, an insurance comparison shopping site, found that an EV sedan costs 18% more to insure, on average, than a gas-powered one. “Insurance for a Tesla Model 3 and Y costs $1,000 more per year than for a Ford truck,” it reports.
These extra costs might not mean much to affluent liberal elites, but for most folks, these are budget-busting numbers...
...Are EVs Even Really Good for the Planet?... (uh, NO!)
...Will EVs End Up In the Scrapyard, Like the Edsels?
When the Edsel flopped, Ford scrapped the model, ate the losses, and moved on. But what happens if EVs are an Edsel-scale commercial flop?
The government never admits a mistake. So the leftists who run it will just shower more taxpayer subsidies. There’s already talk of an industry bailout as car makers try to absorb the massive losses they are incurring on their EV lines.
And, if more subsidies don’t work, the left will simply ban gas-powered cars outright. That’s what California and several other liberal states are already planning, and it’s why the Biden administration wants to impose regulations that would force two-thirds of new cars sold to be electric.
Consumers, and taxpayers, be damned.