When governments try to steer consumer and business choices from the top down, catastrophe ensues. The USSR learned it the hard way. NetZero imbeciles must likewise do.
EVs Are Piling Up Unsold, Despite Huge Discounts
The government is killing the auto industry with its senseless emissions rules. The economic impoverishment flows from the top down.
Ford said it lost $1.3 billion on the sale of 10,000 electric vehicles in the first three months of the year — a staggering figure that amounts to $130,000 lost for every EV sold. __ EV Economic Devastation
It is a classic case of supply greatly exceeding demand, in this instance brought about by politicians and regulators determined to impose arbitrary deadlines on carmakers regardless of whether they are realistic and without any consideration for the wider fallout.
It is further evidence, if any was needed, of the wrong-headed pursuit of net zero at all costs. Almost eight in 10 new electric cars are now being sold at a discount as demand stalls – a sharp increase on just over half a year ago. And while a similar proportion of petrol cars are experiencing price cuts, electric vehicle (EV) prices are being cut more sharply.
Meanwhile, the market is increasingly being propped up by tax-efficient corporate schemes as appetite among private buyers goes into reverse.
Fleet purchases have accounted for 60pc of registrations so far this year, up from a little over half over the same period in 2022.
Private sales have fallen nearly 10pc, suggesting the so-called early adopter phase that drove the first wave of purchases is already over. In Germany, Sweden and Italy, electric sales have plunged 30pc.
As carmakers scramble to meet strict deadlines for phasing out petrol and diesel models that have been imposed on them by complicit governments, overproduction of electric cars is taking place on a massive scale. ___ Dictatorial Governments Destroy Everything They Touch
The only folks who should be buying new EVs right now are those who plan to keep them for a long time. Otherwise, buying an EV is a very risky financial decision if there’s a chance you’ll be looking to sell anytime soon.
Unless a hefty down payment or trade-in is made, buying a new EV in 2024 puts buyers at significant risk of becoming ‘underwater’ on their car loan. This means that your car is worth less than you owe on the loan (learn more here). It’s a situation you want to avoid, no matter what. __ CarEdge.com
Bryan Dean Wright, former CIA operations officer and host of the podcast “The Wright Report,” told Fox News Digital that American society has shifted to EVs largely because some people are “just so hellbent on making sure that this transition happens, even if that means wrecking the economy, in terms of electricity, its reliability, the grid, getting brownouts or blackouts or economic wreckage by people who otherwise can’t afford these new vehicles.”
“That cost is being shouldered by buyers and car companies by raising the price of gas-powered vehicles, [which] is basically just a direct wealth transfer, just paying for EV subsidies and that will grow over time, if we continue to keep this regime in place,” Brent Bennett, a policy director for Life:Powered, an initiative of the Texas Public Policy Foundation, told Fox News Digital.
California, Wright said, is likely a “really sad test case” for what the rest of the country could face, where he said it currently costs about $250 an hour to service an EV. The state has made a strong push for EVs under Gov. Gavin Newsom, and Californians will by 2035 not be allowed to buy new gas-powered cars and light trucks. __ The Reign of Terror Continues
When the US national elections of 2020 were taken over by parasitic elites, the $trillion dollar NetZero escapade was only one of the criminal enterprises that had been carefully planned out. The US government has become the largest and most corrupt wealth dispenser in the history of mankind. Stealing a presidential election was child’s play for the corrupt vultures soaring above the field of blood, but the lockdown hysteria of the Chinese COVID virus helped to coverup the fraud.
For 2024, without the pandemic panic, the elites were forced to jury-rig several highly questionable lawsuits against their political opponent, in hopes that perhaps one of the dubious charges would lead to a conviction or judgment. Needless to say, the actual election will be scrutinized closely, but that does not mean that the results can be trusted. All of the elitist players — including big tech — have joined in the campaign to negate any possibility of an election victory for the reform party.
The massive wealth transfer from the middle class to the elites is the best scam ever, and the elites do not intend to give it up. Not when they have big media, big tech, big/deep government, big education, and virtually every other big bureaucratic social institution in their pockets.
NetZero and the economic devastation it brings to the real world, is just one piece of the thieving scam, as interesting as it is. Without the climate apocalypse religion, it would not stand a chance even with the best propaganda.
Here is a dash of cold ocean spray on the delusional religion of climate apocalypse:
al fin next level 