The Great Narrative: Betting the farm on electric vehicles – Stellantis takes $26B hit in EV disaster.

"The EV bubble has burst, the hype is gone. Automakers are now scrambling to restart their combustion engine production lines as they lick their EV-inflicted wounds and say loudly 'To HELL with the mandates!'"

"It means the company, now worth about €18bn, has shed nearly €70bn value in under two years."

"In the past year, carmaker including Volkswagen, Ford and General Motors have written a staggering $55bn (€47bn) off their balance sheets amid disappointing EV sales and government policy changes in the US and Europe."

More in the MGUY Australia video.

Location: Europe

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