The Car World Is Going Electric, Without America
Mar 5th 2026
U.S. automakers have struggled to convert EV investments into profitable cars while Tesla and Chinese producers surge, exposing dealer incentives, charging failures, and supply chain vulnerabilities.
- Ford, General Motors, and Stellantis disclosed EV-related write-downs totaling about $50 billion in recent months.
- Tesla's vertical integration and software-first design let it scale EVs faster than legacy automakers.
- Franchise dealers earn more from gasoline vehicle service and in many cases discouraged EV purchases.
- U.S. public charging networks were fragmented and unreliable for non-Tesla vehicles, undermining consumer confidence.
- China dominates battery manufacturing and rare earth processing, creating strategic supply chain and national security risks for the United States.