Corporate Cronyism: Controversial EV Carveout Raises Red Flags

It’s not going to end with this new push by Scout. The EV industry as a whole has been experiencing major contraction in demand. Almost all EV makers have scaled back production, and the ones that still make gas powered vehicles (Ford, GM, VW, etc.) have shifted resources from EV production back to ICE production. Massive seller concessions are being made to move the glut of EVs on the dealer lots out of inventory – particularly the EV trucks. It seems that Scout wisely shifted some of their planned plant capacity from EV back to ICE, but the question will be if they have to come back with their hat in their hand because they can’t sell the EV product line.