EV industry faces $50 billion in losses due to government mandates and shifting consumer preferences

Automotive expert Mike Caudill discusses the significant financial challenges facing the electric vehicle industry, with over $50 billion in losses over the last five years, including specific figures for Ford and Stellantis. He attributes these losses to government mandates that forced automakers into aggressive EV pushes, overriding actual consumer demand. Caudill emphasizes that the consumer ultimately dictates market choices, and they are currently not buying EVs at the expected rate.