With all due respect to our good friend Steve, there is one key difference between the Edsel of the 1950s and EVs of the 21st century.

Taxpayers weren’t on the hook for hundreds of billions of dollars when the Edsel flopped. …

When the Edsel flopped, Ford scrapped the model, ate the losses, and moved on. But what happens if EVs are an Edsel-scale commercial flop?

[No one will be held accountable, that’s what. The same politicians will continue to throw money at EVs even when consumers largely reject them, because that’s what government does. It subsidizes losers. Winners don’t need this kind of support. — Ed]