Regular readers of the HOTLINE know that we saw this headline coming 100 miles away:

If you want to wreck an industry, have the government subsidize it.

Ford, which has lost $13 billion on its EV business since 2023, said it would bolster its lineup of gas-powered vehicles…

“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford Chief Executive Jim Farley said in an interview. “We now know enough about the U.S. market where we have a lot more certainty in this second inning” of reduced-emissions powertrains, he said…

The company will stop making an EV version of its F-150 pickup truck, called the Lightning, and will instead make an extended-range version of the truck.

These were just the losses to the car companies. This doesn’t count the hundreds of billions taxpayers spent on the green new deal scam that tried to force families to buy these cars. Thank you, Joe Biden.

Do you think Congress will learn the lesson that the best way to bankrupt an industry is to subsidize it?

Nah.