Carmakers Took a $50 Billion Loss on EVs

February 24, 2026

It sure seemed like electric cars were going to be the next big thing. So automakers gambled big on them, rejiggering production lines and product plans to address what “everyone” thought would be a massive shift to electric power and the end of the gasoline age.

Sign Up. Be Informed.

First Name*
Last Name*
Email Address*
Address*
ZIP Code
Phone Number
What tea publication would you like to subscribe to*
- Select All
- Afternoon TEA (blog sent every other Monday)
- TEA Takes (opinion column sent every Wednesday)
- Common Sense Energy (newsletter sent every Friday)
This field is hidden when viewing the form
Subscribe
- Subscribe to our weekly energy newsletter
CAPTCHA

Paid for by The Empowerment Alliance