It's beyond bullshit...

Editor's note: ...in California with Newsom's Nomenklatura in Sacramento pushing for a mileage tax for California residence. Imagine that, getting taxed to drive back and forth to work to force cars with gasoline engines off the roads by these arrogant leftists running California into the ground. If this mileage tax goes through, and it is anyone's guess how they will pull it off, that means California drivers already pay state gasoline or diesel taxes, annual vehicle registration fees, the vehicle license fee based on car value, the transportation improvement fee, smog and DMV service fees, and, for electric vehicles, the road improvement fee, and if a mileage-based tax is adopted, they would also be charged a per-mile road usage fee on every mile driven. Not only this but now California will seek traffic fines up to $1,000 to increase revenue streams preying on the public. Wtf?
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EV Bloodbath: Carmakers Suffer Face-Melting Losses As Buyers Flee, Credits End

By Zero Hedge | February 4, 2026

The push into electric vehicles was always bullshit, sold by the left as the move that would future-proof America's and Europe’s legacy automakers and save the planet - and anyone not buying it was subject to a guilt trip from smug, private-jet-owning elitists. Instead, EVs are now looking like one of the costliest strategic blunders in modern automotive history. Major U.S. and European brands - including Ford, General Motors, Stellantis, Mercedes-Benz, and Volkswagen - have collectively burned through nearly a staggering $114 billion on EV ventures between 2022 and late 2025, according to an analysis by Robert Bryce in The New York Post.

Ford, Lucid, and Rivian report EV losses directly in their SEC filings, while GM, Stellantis, Mercedes, and Volkswagen do not break out EV performance, forcing analysts to rely on conservative estimates drawn from earnings results, write-downs, and public guidance. Among traditional automakers, Ford stands alone in providing clear EV-specific financial reporting, Bryce reports.

Between 2022 and the third quarter of 2025, legacy automakers alone are estimated to have lost roughly $83.6 billion on EV programs, including major write-downs at Ford and GM. EV-only startups Lucid and Rivian account for another $30.2 billion in red ink, with total losses across seven automakers approach $114 billion. The newspaper said it excluded Tesla from their analysis because a significant portion of its profits comes from regulatory credit sales and non-auto businesses.

Legacy automakers poured tens of billions into new factories, battery deals, and all-electric lineups, often under intense regulatory pressure and incentive schemes under the Biden administration that were premised on rapid, mass adoption that never fully materialized.

From 2015 through early 2024, automakers announced more than $188 billion in U.S. EV and battery investments, with spending accelerating after passage of the so-called Inflation Reduction Act in 2022, according to an Environmental Defense Fund report. GM pledged $35 billion through 2025, Ford committed $50 billion through 2026, and Volkswagen launched a $131 billion global electrification and digital push over five years.

Please go to Zero Hedge to continue reading.

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California must be a wonderful state to live in and pay taxes for:

Busted: Secret Chinese Bio Lab in Vegas Tied to California Cover‑Up [WATCH]

It is just astonishing what is going on in California with the Democrats:

California legislation would allocate $90M to Planned Parenthood

California's Hospice Fraud Explosion: Billions Drained From Taxpayers

Really? This is the kind of bullshit being reported about this psychopath Newsom when California's state government debt is roughly $497 billion in liabilities?

Gavin Newsom gives ice-cold take on marriage to Kimberly Guilfoyle: 'Going through the motions'

Because it is related to driving gas powered vehicles:

The Great Oil Conspiracy: An overview of Chapter 4

Archiving California's collapse:

California