I’m sure you could see the EV stock bubble a mile away given the grandiose promises and lack of answers to obvious questions surrounding its adoption feasibility–but, many still are disillusioned about the industry. Perhaps said another way, while you began to question whether this was the future, many are stuffing every paycheque into more and more EV equities.
The industry itself has very little legs and is only sustained due to its significant government involvement factor. The Bidenistas, the Canazuelans (term I like to say I’ve popularized), the Trot Brits, all of them are motivated by pure control and what better way of doing so then by controlling ones’ ability to move, consume, operate or flee by controlling the electric grid (that EV’s require). It’s a twisted technique that huge amounts of propaganda and marketing have convinced people to buy the rope by which they will hang or raise the animal that will eat them. The concentration camp no longer needs a fence!
I want to post about an underground credit economy that the US government has created in favour of electric vehicles companies and themselves.
Article
Essentially, “real” car companies are no longer incentivized to make petrol cars & “fake” car companies (EV companies) are incentivized by financial derivative subsidies and/or credits.
The administrations in the Western countries have all aligned on trying to make a big push away from gasoline-fed cars and towards electric vehicles (EVs) under the guise of saving the planet. Of course, anybody with 15 brain cells with the ability to ask questions is well aware of this scam (even if they tend to trust government).
Current legal proceedings are ongoing but it’s interesting to find out how the Bidenistas and many other governments are motivated to destroy the car companies completely through regulation. Throughout the article post, I think it’s important to be mindful that the communist notion of “owning the means of production” does not have to be in the form of owning a factory per sé. Rather, it’s about regulation & taxation to be able to mold the end product–> this is how government get de facto control of the economy, but first!
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This tweet should start it off:
Regulators
The regulators in the many governmental departments have created a scheme by assuming a ratio of petroleum equivalency factor for new automobile manufacturers. Under this, the Department of Energy is given the tasked to find a number that represents the fuel economy efficiency of EV cars vs. petroleum based car fleets.
If a car manufacturer over complies with their fuel efficiency standard (solely set by the government), than they have the ability to then trade their compliance credits with other auto companies for cash. This has created a whole other separate market for these companies and government that has nothing to do with automobiles or the climate. In effect, it’s designed so that electric vehicle companies have a huge head start compared to normal car companies because of this government policy, to receive free cash. This has therefore created the incentive to become an electric vehicle company to receive these fake credit payments, rather than produce long-lasting, durable, safe automobiles. Central planning at its finest
As of now, conventional car companies who produce electric vehicles do so at a loss and only continue to do so because of these compliance credits to offset these costs. In other words, if government played no role, the cars themselves would have no economic benefit to the companies and would not be made (EVs are incredibly metal intensive).
Effects
Those who are in the industry of car manufacturing who do not receive government subsidies (separate issue) and are mandated to produce an item that must be (according to the government) be so fuel-efficient, are forced to raise prices to consumers on conventional cars to pay for the input costs on their EV segments and the possession of these credits. In other words, for someone to make an honest car anymore, they’re legally roped into this game of having to purchase credits to operate.
Legal professionals have noted that the car credits are an underground business; nobody knows who owns what and how large this market truly has become
Governments never factor in upstream and downstream emissions associated with the creation of Electric Vehicles, their models don’t represent this reality
In fact, Toyota has just come out announcing that they dislike Electric Vehicles in what they cleverly outline as their 1:6:90 rule. This rule states that in order to receive the production of one electric battery car, you will need such ample resources and mining (pollution) that for the same amount you could build 6-plug-in hybrid cars or 90 hybrid cars. Moreover, the carbon reduction of the 90 hybrid cars is 37X that of a single battery car. Even if you are a more climate aware individual, you should be vocal that one should be doing more for hybrid cars & doing less EV cars.
Geopolitics
China holds a considerable amount of the supply chains for EVs in the world being the world’s largest producer of rare earth metals. Their production accounts for 68.57% of global production in 2023 (similar in years prior). China also has the largest reserves of rare earth minerals, estimated at 44 million metric tons.
More specifically, the country produces over 70 percent of the world’s lithium-ion batteries, holding a similar share of global commerce in refining, processing, and manufacturing stages. China has sought to diversify this even further by opening massive manufacturing plants in Mexico, in Central America and South America.
Energy Security IS political security
Of course, China and other actors who are antagonistic to the United States would love to snow plough mainstream media offices and low-level politicians with information, propaganda and cash to push this EV sector domestically in the United States (to combat this and provide another voice to the medium, please SHARE this article!). Like a martial art, China WANTS the United States to continue in this direction while it continues to purchase more and more coal for their own consumption.
In so far that the industry is legitimate, China in particular is beating the United States. In recent years, Tesla received $40 billion in US government subsidies — while the USA is imposing tariffs on Chinese EVs that are demonstrably BETTER & cheaper than Tesla’s fleet. Why can’t US make more affordable EVs like China can? You know, the economy with a colossal housing crisis and unemployment issue right now…
Forced Consumption
Consumer demand for EVs is simply not there. The autonomous driving cars has become a flop, the infrastructure isn’t there, the power-grid is vulnerable & too widespread and their functionality in bad weather is poor. Can you imagine an EV used as a war fighting vehicle?
Currently, nothing in the United States Code allows the government to force consumers to choose electric vehicles over conventional petroleum vehicles. However, the Bidenistas with their departments & through the power of lawfare and policy-making is literally granting them regulatory powers equivalent of mandating an industry without “legally” mandating it.
‘The emissions from the manufacturing process of an electric car are typically 40 to 50% higher than emissions of a manufactured petrol and diesel cars.’
Its A Big Club, And…
The above news article doesn’t necessarily relate to EVs, but it does show the power of the computerization of automobiles in the hands of the state.
Are you someone who thinks that something should be done about the energy consumption? Don’t miss our thorough article on this commodity (that is exploding, pardon the pun)!
Closing
There’s an interesting set of conspiracies going on to gain 1984-level control over populations in the Western world. Whether this is done by going digital towards Central Banks Digital Currencies, creating a unified network on a single ledger like they’ve created since the covid hysteria or tracking your movement with your own automobile.
Regulation has enabled government to get two birds with one stone. They not only promote a technology that absorbs freedom amongst citizens but they have also created a crooked credit system that is hidden and they have full control over the rule book. It has allowed this to enact serious legal powers through a concerted effort of regulations.
For [EV] car makers, they receive phoney monopoly money for partaking to offset their huge expenses whereas gasoline cars have to pay penalties/licenses. Overtime, the car makers stop being car companies; instead they become more like asset managers buying/selling these newly created financial derivatives and real car manufacturers are screwed because they can’t keep up with the higher fees imposed upon them–so the end result is no more cars (similar to abused financial derivatives I may add).
If you were to break this down to the source of the problem it once again stems from the size, involvement and the ultimate existence of government in every aspect of our lives. Without this regulatory process created and made legal in a reverse engineered way, the demand for fake credits or inefficient cars that the market is not demanding would not exist. Still to this day, many believe that the government is inefficient and that a new, refurbished, “honest” government is required but they fail to understand that the economic distortions created by government and central banks only make us more poor and less free as individuals. It is the existence of a third party with a money-printer and rule-maker that destroys our liberty.
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