Porsche Cancels Battery Gamble: EVs Collapse Without Subsidies
For years, the eco-left told us that electric vehicles were the future: clean, cheap, and inevitable. But the truth has always been the same: EVs are only “viable” when working-class taxpayers are forced to bankroll them for the wealthy. And now, without those redistribution schemes, the façade is collapsing.
According to an Inside EVs report, This week, Porsche announced it was canceling its in-house battery production program, admitting that the plan was “not economically viable.” That’s right, even for a luxury carmaker that sells six-figure sedans and SUVs, the math doesn’t work out.
“For volume reasons and a lack of economies of scale, Porsche is no longer pursuing its own production of battery cells,” said Oliver Blume, CEO of Porsche and the Volkswagen Group.
The reason? EV demand is stalling in the U.S., and the Trump administration has rightly scrapped the billions in Biden-era subsidies, grants, and EV tax credits that turned regular Americans into unwilling financiers for luxury car buyers.
EVs Were Always Propped Up by Subsidies
Let’s be honest: Nobody was ever going to make EVs affordable on their own. The so-called “green transition” relied on:
Taxpayer subsidies covering half the cost of projects. Special EV tax credits that benefited luxury buyers far more than working families. Regulatory mandates that punished gas-powered vehicles to artificially tip the scales.
In other words: Washington took money from the working class and handed it to billion-dollar automakers and to rich buyers who wanted to virtue-signal with a Porsche Taycan.
Reality Check: Fossil Fuels Still Win
Now that President Trump has ended the green giveaways, the industry is learning the hard way what Power The Future has said all along: EVs are not competitive with affordable, reliable fossil fuels.
If Porsche can’t even make its battery program pencil out for luxury cars, what chance does a middle-class family have at affording an EV without taxpayer subsidies? Meanwhile, gas-powered cars continue to deliver: lower cost, longer range, easy refueling, and no dependency on Chinese-controlled supply chains.
The Bottom Line
Porsche’s retreat isn’t just a business decision: it’s a wake-up call. Without endless government subsidies, the EV fantasy collapses under its own weight. Fossil fuels remain the backbone of affordable, reliable, and secure American energy.
And thanks to President Trump’s leadership, America is finally getting back to energy dominance instead of EV dependence.
August 27, 2025