Gatestone Institute.org has an excellent critique of the electric vehicle (EV) mania, from a US perceptive, but the material and arguments are relevant too for Australians, who in any case will be getting these electric monstrosities from overseas, particularly communist China. Vast sums of money are being invested for no good reason beyond the climate change alarmist view that fossil fuels are set to destroy the planet via runaway global warming. And the nation to benefit most from this fear campaign is communist China.
But still, consumer reality is biting, and both Ford and GM have faced problems unloading EVs on the public, who have gone quite sour on these woke vehicles. For example, Ford lost US $32,000 on every EV it sold in 2023. It is predicted that Ford will lose in 2023, US $ 4.5 billion on its EV products. Things are bad for GM too, as EV losses cut quarterly profits by US $ 1.5 billion. These are high, unsustainable losses, indicating market failure; that in general people are not interested in EVs
