Powerline 9/22/2024
Electric vehicles have been the next big thing for a long time. In 1901, the Los Angeles Times wrote that EVs “will quickly and easily take precedence over all other” vehicles. In 1911, the New York Times described EVs as the “ideal solution.” In 1915, the Washington Post predicted that “prices on electric cars will continue to drop until they are within reach of the average family.”
Electric vehicles, like “green” energy, are always on the brink of success, but never actually arrive. There are good reasons for that.
The Europeans are a little ahead of us on the Green Disaster Curve, so we should pay attention to their experience. The London Times headlines: “Plunging electric car sales add to EU manufacturers’ gloom.”
The crisis enveloping Europe’s once-mighty vehicle manufacturing industry has caused sales at the continent’s three biggest carmakers to drop to a three-year low, felled by weak demand for electric vehicles.
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Sales of battery electric cars collapsed 43.9 per cent to 92,627 and accounted for just a 14.4 per cent share of the EU car market, down from 21 per cent last year.
More:
https://www.powerlineblog.com/archives/2024/09/the-ev-crackup.php
