“GM is currently assessing potential future investment,” GM spokesperson George Svigos said in a statement, adding: “No final decision has been made. GM is committed to an all-EV future globally. On that pathway, we continue to study consumer preferences and powertrain options, to ensure we best respond to customer demand and comply with an uncertain, complex and increasingly stringent regulatory landscape for 2027 and beyond.”
Oof, again with this nonsense. Fossil fuel industry is heavily net taxed, and gasoline would be MUCH cheaper if the government completely abandoned interference in the energy sector. And if you actually believed this, then you would advocate for smaller government staying hands-off the energy sector since you’re claiming corruption in propping up what you think is an obsolete technology.
With the exception of the space race (which was not remotely useful to the average man considering the massive expenditure compared to the direct return on investment), this is completely divorced from reality. We transitioned from oars to the age of sail because it was more efficient and we traded those sails for steam when it became more efficient and those steam engines turned to oil when the economics again made sense.
When fossil fuels become a more scarce resource or underperform in some way compared to an alternative, that alternative will be adopted organically just as it has time and time again throughout history.