Issues & Insights
two white and red tesla charging station
Photo by Chad Russell on Pexels.com

The EV Graveyard

Last week, the House approved a resolution to block the Biden administration’s emissions rule that would require more than half of the automobiles sold in the new-car market to be electric by 2032. The 215 representatives who voted for the bill, including eight Democrats, are far more in tune with most of the country than the White House. The “deplorables” and “bitter” clingers of the industrialized world are rejecting electric vehicles.

Nationwide, the inventory of unsold EVs had grown by nearly 350% over the first half of 2024, creating “a 92-day supply — roughly three months’ worth of EVs, and nearly twice the industry average,” says Axios, which is 54 days for gasoline-powered vehicles.

Ford, which lost nearly $73,000 on each EV it sold in the second quarter of 2023, continues to yield to reality, now ditching its plans to build a large electric SUV. This “course change,” says Just the News, “comes amid lower-than-expected demand for electric vehicles.”

The company has also “pushed back to 2027” plans for “another electric vehicle project for a pickup truck.”

“Based on where the market is and where the customer is, we will pivot and adjust and make those tough decisions,” said John Lawler, Ford’s chief financial officer.

And here’s the market’s message:

“Of the U.S. consumers planning on purchasing a new vehicle in the next 24 months, only 34% intend to purchase an EV, down 14% from 48% in the 2023,” says Ernst & Young’s Mobility Consumer Index, “a global survey of almost 20,000 consumers from 28 countries.”

The story is much the same in Britain. EVs “are losing value at an ‘unsustainable’ rate as a slowdown in consumer demand sends used car prices tumbling,” the Telegraph reported last week. Meanwhile in France, “the EU’s second largest market for battery electric vehicles behind Germany,” deliveries have fallen by a third.

Germans are likewise losing interest, as the country has “suffered a ‘spectacular’ drop in electric car sales as the European Union faces growing calls to delay its net zero vehicle targets,” the Telegraph said in a separate story.

National Public Radio, which speaks to and for the political left, argues that “EVs are better for the environment than gas cars,” and laments that more Americans have doubts about electric vehicles’ eco-integrity. EVs, says NPR, “are caught up in the culture wars.”

There might be some truth there. Many Americans are fed up with elected and unelected officials forcing their preferences on them. It’s a culture of independence at war with a culture of coercion.

We also venture to say that a significant number in this country disfavor EVs because they don’t want to be seen as virtue signalers putting their green cred on display. They see the shallow exhibitions of eco-activism every day and they don’t want to be lumped into that crowd.

There are other reasons, of course: EVs’ steep sticker prices, their short ranges and extended charging times (when a working charger can be found), the high costs of insuring and repairing them, their drain on the grid, and their bogus reputation (they’re not zero-emission vehicles). There should no astonishment that, as documented by Wired, EVs are losing as much as half of their value in a year, with “some electric car brands … hemorrhaging value, with the worst losing as much as $600 a day.”

It’s not within the government’s limited range of authority to tell Americans what they can and cannot drive based on cars’ various energy sources. Yet policymakers issue mandates with no regard for the short leashes that should hold them back. Maybe consumer backlash, followed inevitably by voter backlash, will encourage them to rethink their agenda.

— Written by the I&I Editorial Board

I & I Editorial Board

The Issues and Insights Editorial Board has decades of experience in journalism, commentary and public policy.

17 comments

  • I think EVs are stupid wastes of money–right now because the tech just ain’t there yet–but our governments do, in fact, have the authority to dictate what we drive. Why? Because governments own ALL the roads on which we drive. Don’t like that obvious, logical conclusion? Okay, then change the fabric of our society and privatize all modes of transportation. And good luck with that!

    • Funny thing those Amish, cause they aren’t driving gas powered cars and won’t be driving EVs either. Wonder why government couldn’t make them move from horse and buggy. The social compact and laws don’t allow government that much authority to specify that you must drive an EV. They can, for safety reasons, prevent a horse and buggy on an interstate, but not side roads or state roads. But even that authority is somewhat scatchy.

  • All these globalist policies only make sense if you are committed to reducing the global population by 95%+. Then you can have 15 minute cites to control the few remaining people globally, and the demands of electric cars would be totally achievable. Few people would be allowed to have cars and venture outside of their reservation cities. It would be extremely easy to cut of the resources of individuals who don’t tow the government line on doctrine. It would be total serfdom to the global.

  • EVs are not cleaner than gas & diesel vehicles. All they do is move their emissions from the vehicle to the electric generator. There is also nothing clean about the processes used to create them and to scrap them. The eco-fascists are just trying to shove this fraud down our throats. None of their “clean energy” solutions are clean. The only truly clean energy is nuclear and they are against it.

  • And better batteries (solid instead of liquid) that aren’t as explosive will be in newer battery operated cars soon.
    Most tech takes years to get better/cheaper

    • Carl Benz was told that he was wasting his time with Internal combustion engines because longer lasting, faster charging and lighter batteries were “just around the corner ” and the brightest minds were on the verge of a solution. We are still hearing the same BS 140 years later.

  • EVs have more than one or two problems. The first is Lithium Ion batteries which will catch fire or explode, thus insurance for EVs is far higher than normal gas cars which can’t burn your garage down. Then we have the charging time and distance driven problems.
    The whole of the EV problems rest with the fake Climate Change !d!ocy saying that to save the earth we all have to drive electric cars. Human activity on earth is so minuscule it is a joke upon the unsuspecting that it is the rich who are pushing this so they can make a buck off selling and controlling Carbon Credits. IT IS A SCAM !

    • Fossil fuels have absolutely nothing to do with fossils. Fossils are not organic, and hydrocarbons certainly are.

  • And EVERY electric vehicle is powered by so called “fossil fuels”. This whole thing is about control of the populace, through virtue signaling.

    • EV’s will never be cost effective. Considering America has enough oil and gas to last centuries, buying an EV is just plain ridiculous.

  • The issues of EV adoption is a classic example of government putting immense pressure on the evolution of the driving habits of billions of drivers, not just in the USA. In the early days of the auto industry electric vehicles, such as the Detroit and Baker electrics, took the lead in sales as it was easy for women to start and drive them. Steam and gasoline vehicles were close behind. Once the electric starter was implemented on gasoline cars, the ease of starting along with the expanding availability of fueling stations, ease in fueling (e.g. “jerry cans” of gasoline for longer trips) eliminated many of the obstacles to gasoline-powered vehicles winning the race. In other words, gasoline power was ultimately better and steam and electric vehicles were gone by the early 1930s.

    Natural selection will work here. I am very familiar with electric vehicles from within the automotive industry and I can say with authority that today’s EVs are actually very good vehicles, and the biggest obstacles today are misinformation about range (range anxiety isn’t really an issue as most owners charge at home), road-tripping is easier than it’s ever been, and getting better every week as new charging stations are coming on-line daily.

    That said, range sensitivity in cold weather (and very hot weather) is very real and the “solutions” are really just Band-Aids covering up technological shortcomings, EVs wear out tires 25% faster, insurance costs are crazy, and liability fears (spontaneous battery fire risk) mean even minor collisions can render a vehicle totaled.

    Generally speaking, governments have shown that they basically SUCK at everything. The same people who gladly paid $600 for a $10 hammer in the 1980s, and who generally have little experience outside of government work, are trying to tell Americans what to drive. Hopefully we citizens will do our part by VOTING THEM ALL OUT OF OFFICE. The next window for that is a little more than 6 weeks from now.

  • This is what you get when politicians invent a problem/solutions instead of a successful business person with real experience solving many types of problems. The politicians bring only three values to their office. They are emotions, and how to get more money to help them get reelected and fishing for votes.
    Over the last 30 years the federal politicians are inventing problems to justify their insane worthless solutions which solve NOTHING. They have not given a dang about the hard working Citizens of the Country.

  • While out for dinner last night came upon a tow truck loading a disabled EV in the parking lot. Owner was a young attractive woman in a business suit. All I could do was laugh.

  • The Tesla model Y is the best-selling car in the world, and the second best in the U.S. behind the Toyota RAV-4. Car, not EV, C-A-R!

    When legacy automakers offer something worth the price, people will buy it. So far, they haven’t!

    No, government should not shove EVs down our throat, but Tesla only gets the subsidies that others begged for. And Tesla has the highest made-in-America content of any of them!

    As I tell me friends and family, every “EVs are doomed”article should end with “… except of course, for Tesla.”

    • I am beginning to believe Tesla was a scheme to get environmentalists to finance a space exploration company. In which case I say , “well played,Mr Musk”

About Issues & Insights

Issues & Insights is run by seasoned journalists who were behind the Pulitzer Prize-winning IBD Editorials page (before it was summarily shut down). Our goal then and now is to bring our decades of combined journalism experience to help readers understand the top issues of the day. I&I is a completely independent operation, beholden to none, but committed to providing cogent, rational, data-driven, fact-based commentary that the nation so desperately needs. 

Discover more from Issues & Insights

Subscribe now to keep reading and get access to the full archive.

Continue reading