DETROIT AUTOMAKERS TAKE $50B HIT AS EV FRENZY FIZZLES U.S. automakers are facing major losses as electric-vehicle hype fades. The Detroit Big Three—GM, Ford, and Stellantis—announced over $50 billion in EV-related write-downs after Q4 sales fell 30% following the expiration of a $7,500 federal tax credit. GM continues scaled-back EV production, while Ford pivots to a single low-cost EV pickup by 2027. Stellantis offloaded its battery stake, citing a misjudged pace of the energy transition. Federal tax credit cuts and relaxed efficiency mandates, combined with weak demand, have forced project cancellations, layoffs, and a shift back to gas-powered vehicles. Meanwhile, EV markets grow abroad: China’s BYD delivered over one million vehicles internationally, surpassing Tesla.