The wheels are falling off of the forced transition to electric vehicles

The rapid push to electric vehicles was never something the country has been ready for, and many are now changing course to correct their mistake of embracing the Democratic Party’s narrative.

Hertz is cutting 20,000 electric vehicles from its rental car fleet after planning to have 125,000 EVs by the end of 2024. The company is expected to lose $245 million due to depreciation, citing both that depreciation and higher damage-repair costs for its decision. In October, Ford announced that it is postponing $12 billion in spending and investment on EVs.