Electric Car Sales Stall
Car manufacturers are producing electric vehicles faster than buyers want them.
Car manufacturers are producing electric vehicles faster than buyers want them.
Faced with a growing number of protests, several cities have had to back down and adapt the restrictions, which were deemed too severe.
Tesla is scoping out the potential to open a major electric car manufacturing facility at a disused French nuclear plant.
Before agreeing to a post-2035 ban on the sale of traditional cars, the German transport minister negotiated a provision for those running on so-called ‘e-fuels’.
Between easily damaged batteries that can’t be salvaged and a higher accident rate than petrol cars, electric vehicles may not be the boon to the Green Transition originally envisioned.
So long as there is something moving in the economy, socialists will always want to subject it to existing taxes. If they can’t do that, they will invent a new tax.
Italian Deputy Prime Minister Matteo Salvini welcomed the postponement, with Italians presenting stiff opposition to legislation that critics say will cripple the European car industry.
Podesta stated that America made “no apologies” for prioritising its economic interests, as car giant Tesla announced plans to scale back on a new factory in Germany due to the IRA subsidy scheme.
The viability of electric vehicles has been challenged since the outbreak of war in Ukraine and a tripling of wholesale electricity prices in Germany.
Italian Deputy Prime Minister Matteo Salvini brandished the plans as economic suicide and insinuated that EU legislators had been influenced by Chinese lobbyists.
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