The EV boondoggle

 Power Line:

...

There is no real market for electric vehicles, at least not one of any magnitude. It is all about subsidies and mandates.

Consumers have understandably focused on the new $7,500 tax credit for their EV purchases available from next year, which comes with many more strings attached than the one it replaces. Notably, half of it will depend on manufacturers’ sourcing EV materials from outside of China, which will take time for anyone to meet.

Among their many other vices, EVs hand control over this important business segment to the Communist Chinese Party, something that our government doesn’t mind much–if it did, it wouldn’t subsidize Chinese materials to the tune of $3,750 per vehicle. And more:

But consumer tax credits are only one piece of the pie. A tax credit for business EV purchases of up to $7,500 isn’t subject to the same conditions…

I.e., the full $7,500 tax credit is available for vehicles made with Chinese materials. We are talking about the battery here, not the body or powertrain.

…which may explain why GM said it would focus first on fleet sales when it launches its electric version of the Chevrolet Silverado pickup truck next year. And then there are huge tax credits for battery production: $35 million for every gigawatt-hour of cells, and a further $10 million to package those cells into modules.

This whole sordid business is hopelessly corrupt, and it is antithetical to America’s economic and strategic interests. Nevertheless, it appears that EV mania will march on until it becomes obvious that the entire project is impossible.

They haven't solved the range issue for trucks and probably never will.  There is not enough material to make all the batteries that would be needed to convert all vehicles to EVs.  It is physically impossible at this point.  There is also not enough electric infrastructure to power the batteries.  It just makes no sense.

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