Biden Admin Tries To Spin Faltering EV Market, But Its Talking Points Don’t Add Up

Photo Credit: Getty

“Even a mediocre pizza restaurant could sell lots of pies if they give them away,” Marlo Lewis, senior fellow for the Competitive Enterprise Institute, told the DCNF. “The real issue then is profitability, which ultimately determines financial sustainability. And here the stats are not good.”

“The DOE charts show increasing EV sales,” Lewis continued. “But EV purchases are subsidized by federal and state governments and—potentially—by manufacturer cross subsidies,” he added, referencing a pricing strategy in which a manufacturer may make up some of its losses on EVs by bringing up prices on internal combustion engine vehicles.

Read the full article on the Daily Caller.