Yahoo Finance
There is a particular kind of business decision that only looks brilliant in hindsight, and only after everyone who made the opposite call has finished writing off the difference.
It usually feels like being the last person in the room who did not get the memo.
The American electric vehicle market spent most of the past decade running on a subsidy.
That credit, worth $7,500 per car, expired on Sept.
30, 2025, and the correction arrived exactly on schedule.
Automakers sold 462,892 all-electric vehicles in the first half of 2026, down 23.8% from the same period a year earlier, according toCox Automotive.
The industry response was a stampede for the exits.
Carmakers have booked nearly $70 billion in write-downs as they scrap and postpone electric programs, reportedAutomotive News.
Honda alone canceled three North American electric projects and now expects its first annual net loss since 1957.
Toyota (TM) confirmed this month that it will keep rolling out new battery-electric models through the rest of the year, even as it trims spending elsewhere in the lineup.
The company will "slow its product interventions in some model lines to save money," reportedAutomotive News, while continuing its EV rollout and leaning harder intohybrids.
Read that carefully, because it is a resource-allocation decision wearing a product plan as a costume.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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