Feb 16 • 05:53 UTC 🇮🇹 Italy Il Giornale

Green cars: a hole of 65 billion

The electric vehicle revolution faces a financial crisis with a $65 billion deficit as automakers reassess their investments, especially after Donald Trump's return to the presidency.

The anticipated shift to electric vehicles, which promised a cleaner future with zero-emission engines, has encountered an unexpected financial challenge, resulting in a staggering $65 billion deficit. This turnaround signals a significant deviation from the optimism surrounding green technology, as reports indicate that many automakers are struggling to align their production plans with current market realities.

In recent months, particularly following the political shift with Donald Trump's return to the White House, automakers have been compelled to revise their electric vehicle investment strategies dramatically. Companies that initially spearheaded the electric movement are now facing the brunt of these shifts, leading to reconsiderations of their vehicle lineups and production schedules. Notably, Stellantis has already allocated $26 billion to phase out certain fully electric models and reintroduce popular combustion engines like the V8 Hemi in the U.S. market, underscoring a retreat from aggressive electrification plans.

This trend raises broader questions about the future of the electric vehicle market and the feasibility of achieving a sustainable automotive landscape. The combined pressures of economic reality and changing leadership may reshape not just corporate strategies but also the regulatory and consumer landscape for electric vehicles, potentially stalling the progress towards greener cities and clean energy goals.

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