03-04-23, 10:02 PM
Jo Nova
Free market wins: Subsidies end, and electric vehicle sales collapse
By Jo Nova
March 5, 2023
Excerpt:
The magic of the free market was suddenly applied to EV sales last month. Tax credits and subsidies for electric cars in the EU and China ended on January 1, and sales promptly halved.
So half the entire EV market apparently only existed because governments took money from poor people to help rich people buy EV’s. Everyone wants nice weather in 100 years, but no one wants to pay for it.
Let’s all sing “equity”.
LINK
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Of course, it drops dramatically they buy mainly BECAUSE of the Tax credit and subsidy set up.
Free market wins: Subsidies end, and electric vehicle sales collapse
By Jo Nova
March 5, 2023
Excerpt:
The magic of the free market was suddenly applied to EV sales last month. Tax credits and subsidies for electric cars in the EU and China ended on January 1, and sales promptly halved.
So half the entire EV market apparently only existed because governments took money from poor people to help rich people buy EV’s. Everyone wants nice weather in 100 years, but no one wants to pay for it.
Let’s all sing “equity”.
LINK
=============
Of course, it drops dramatically they buy mainly BECAUSE of the Tax credit and subsidy set up.
“A theory that is not refutable by any conceivable event is non-scientific.” – Karl Popper
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