More evidence that the EV bubble is popping.

This latest headline from the Free Beacon demonstrates the ongoing failure of the Biden-Harris electric vehicle “transition”:

Ford Motor Company announced Wednesday that it is canceling plans to develop an all-electric three-row SUV amid slowing consumer demand, despite the billions of dollars in tax incentives and direct subsidies the automaker has received to scale up EV production…

Overall, the federal government and State of Michigan have collectively promised roughly $10 billion in taxpayer funds to support Ford’s unprofitable EV plans. And the 2022 Inflation Reduction Act, the Biden-Harris administration’s crowning climate achievement, set aside billions of dollars for domestic EV and EV battery manufacturing and tax credits designed to incentivize greater EV adoption.

The Biden-Harris EPA mandate is that 32% of all vehicle sales in model year 2027 must be plugin-electric vehicles.  That is only two years away, and it rises steeply after that.

It’s presently stalled out at less than 10%.

If these rules stay on the books we are looking at a total collapse of the US auto market.