The inevitable EV implosion By Ron Ross
The electric vehicle honeymoon is over. Don’t expect the marriage itself to last much longer either.
The mass conversion from internal combustion engine vehicles (ICEs) to electric vehicles was never more than a Democrat/environmentalist hallucination anyway. It was the most ill-conceived government policy objective in modern history.
The transition should have been a non-starter. It’s riddled with numerous deal killers. It’s like having a dozen fatal diseases all at the same time.
Any goal as massive as a total conversion from ICE vehicles to EVs requires careful planning and infrastructure preparation. It would necessitate a rapid doubling of electricity generation and grid expansion. In today’s world that’s impossible.
EV promoters could never deliver on their promises. Their grandiose assurances were nothing more than wishful thinking.
There was no market research. Hmm — I wonder why. There were no feasibility studies. Hmm — I wonder why. Did they actually believe everyone would tolerate spending hours to charge their vehicles rather than the minutes they were accustomed to?
Car dealers are resisting further deliveries of EVs because of swelling inventories. Avis and Hertz can’t even get people to rent EVs! Yet, manufacturers are ramping up production just as consumers are balking. Something will have to give, and soon. EV makers and their shareholders will tire of pouring money down a rathole.
We are spending trillions of dollars on a fabricated dream, all for imaginary payoffs decades in the future.
When the EV house of cards collapses what will the reaction be? Ordinarily, for normal persons, it would be a time for regret, rethinking, and humility.
It would be good if the Democrat/environmentalist true believers learned something from the EV debacle. However, the same utopian blindness that caused this fiasco will prevent any lesson-learning on their part. We are more likely to see them doubling down instead.
Ron Ross Ph.D. is a former economics professor and author of The Unbeatable Market. He resides in Arcata. California and can be reached at rossecon@aol.com.
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