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Electric Vehicles Set to Be Auto Market’s ‘Next Big Flop,’ Says FreedomWorks Economist

A senior economic advisor for former President Trump has warned that waning demand for EVs suggests that they’re poised to be a massive market flop.
Electric Vehicles Set to Be Auto Market’s ‘Next Big Flop,’ Says FreedomWorks Economist
Electric vehicles are charging at a charging station in Monterey Park, Calif., on April 12, 2023. Frederic J. Brown/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Stephen Moore, senior economist at FreedomWorks and once a senior economic adviser to former President Donald Trump, has issued a grim prediction about America’s electric vehicle (EV) market, saying EVs are poised to be automakers’ “next big flop.”

Mr. Moore’s grim prediction for the EV market came in an interview on Fox News’s “Varney & Co.” program on Oct. 30 and an op-ed in The Daily Caller on Oct. 29, in which the economist compared the current EV push to the failed rollout of the Ford Edsel.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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