In the case of these ultra cheap EVs the bank is the financing arm of the manufacturer. Of course no normal financial institution will take such a loss but beca

In the case of these ultra cheap EVs the bank is the financing arm of the manufacturer. Of course no normal financial institution will take such a loss but because of CAFE regulations the only way they can kee selling high profit margin, gas guzzling SUVs is by offering these 'highly sponsored' EVs.