The sentiment among the ICE catastophizers is that the end of ICE is nigh because of government intervention. The narrative is that government will force all to do what government wants and government always gets what it wants.
The assumption is flawed because it simultaneously accepts that government is incredibly dumb at allocating resources but is incredibly capable at executing on plans to allocate resources.
But only one can be true.
And it isn't "government is incredibly capable at executing plans to allocate resources."
The attempts to force EV adoption will fail miserably. It will be spectacular. The only question is how government extricates itself from the failure in a way that it does not look like failure.
Exhibit A.
Supposedly the biggest tailwind to EV adoption is the inflation protection act. To get Manchins vote it includes all sorts of protectionist bullshit. It turns out this protectionist bullshit will be a huge headwind to EV adoption. LOL
The assumption is flawed because it simultaneously accepts that government is incredibly dumb at allocating resources but is incredibly capable at executing on plans to allocate resources.
But only one can be true.
And it isn't "government is incredibly capable at executing plans to allocate resources."
The attempts to force EV adoption will fail miserably. It will be spectacular. The only question is how government extricates itself from the failure in a way that it does not look like failure.
Exhibit A.
Supposedly the biggest tailwind to EV adoption is the inflation protection act. To get Manchins vote it includes all sorts of protectionist bullshit. It turns out this protectionist bullshit will be a huge headwind to EV adoption. LOL
The Inflation Reduction Act is screwing up the market for electric vehicles
Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.
reason.com
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