My previous note on auto costs was for internal combustion engine vehicles. Electric vehicles are a whole different critter. Random fact: Ford loses about $32,000 on each EV they sell. These things, even with the subsidies, are massive cost centers for the American car industry. Think gas powered cars are expensive? That's in part because you're subsidizing Joe Biden's donors. — J.D. Vance (@JDVance1) September 15, 2023