Stephen Moore | Oct 31, 2023
Excerpt: Amazingly, less than 10% of all new car sales over the last two years were EVs. This is despite the fact that the U.S. government is writing a $7,500 check to people for buying an EV, and some states are kicking in $5,000 more. The Texas Policy Foundation calculates that all-in EV subsidies can reach $40,000 per vehicle. It would practically be cheaper for the government to purchase a new gas vehicle for every American car buyer.
Energy expert Robert Bryce estimates that Ford has lost $62,000 for each EV it has rolled off the assembly line. …
The Wall Street Journal reported last week that “clean energy” investment funds are tanking, with some down as much as 70% in recent months. Solar has been one of the worst-performing industry stocks this year. …
In 2023, the world is guzzling oil and gas like never before. Global consumption of fossil fuels was higher in 2022 than at any time in human history, even as the developed countries spend hundreds of billions of dollars trying to stop oil, gas and coal.
