Economist predicts potential flop for EV market

Economist Steve Moore, a former Trump administration economist, has warned that the electric vehicle (EV) market could become the "next big flop" similar to Ford's failed Edsel model in the 1950s. Moore argues that car buyers do not want EVs, citing the financial losses suffered by automakers like Ford and General Motors due to the EV push. Both companies have experienced setbacks in their EV plans, including production cuts and delayed investments. Moore suggests that hybrid vehicles may be a smarter option, but government mandates for EVs have hindered their production.