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The End of the Euphoria About Electric Vehicles Brought $65 Billion in Losses to Car Manufacturers

Summary by n1info.rs
Automakers have been forced to rethink their EV development and investment plans following a radical U-turn on climate policy in the US.
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2 Articles

Automakers have been forced to rethink their EV development and investment plans following a radical U-turn on climate policy in the US.

·Novi Beograd, Serbia
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The global auto industry has lost at least $65 billion in revenue over the past year as manufacturers have been forced to backtrack on their electric car plans. With the radical shift in US climate policy, companies are writing off their investments and turning back to traditional powertrains.

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Portfolio broke the news in on Sunday, February 15, 2026.
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