it’s been a suck-up to Biden and his goobermint.
Biden’s subsidies are to blame.
It is irrational for companies like GM and Ford to change much of their direction based on a government subsidy that can be withdrawn at any time.
A market created by government subsidies can die with the stroke of a pen.
As an aside, the subsidies in the U.S. started with the Energy Improvement and Extension Act of 2008 which included tax credits for new qualified plug-in electric vehicles (see Internal Revenue Bulletin: 2009-48). And there are credits in place in countries around the world)