Thursday, February 19, 2026

EV bubble bursting? Automakers lose billions as tax credits disappear | Blaze Media

EV bubble bursting? Automakers lose billions as tax credits disappear | Blaze Media

America’s largest automakers are retreating from their electric vehicle ambitions after taking staggering financial hits — a shift highlighted in a recent Wall Street Journal report revealing more than $50 billion in combined charges.

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