We’re not quackers: American Automakers duck away from the EV arena

Douglas McIntyre and David Callaway discuss the financial challenges U.S. automakers face in the electric vehicle market. Ford, despite significant losses, is continuing its EV investments with the aid of government loans, while GM has largely exited its EV ambitions after incurring $8 billion in losses. Both agree that automakers are scaling back ambitions to challenge Tesla, reflecting a broader retreat in the industry amid shifting political and financial realities.