Common Sense with Bari Weiss • 570 implied HN points • 17 Feb 26
- U.S. automakers have taken huge write-downs — roughly $50 billion combined — from failed or pulled electric vehicle investments like Ford’s canceled F-150 Lightning.
- Detroit first denied the EV shift and then rushed into panicked, flawed programs, leaving companies with costly sunk investments and strategic missteps.
- The move to electric cars cuts dealers’ traditional service income and risks ceding market leadership to countries like China as the U.S. struggles to get its EV strategy right.