“Despite the optimists telling us how well EVs are selling and that the charging and cost issues will be quickly resolved, the industry struggles. The math doesn’t work, and consumers are concluding hybrid electric vehicles (HEVs) better meet their driving needs. Auto executives are wondering whether their betting on the EV transition, even with mandates, is putting them on the road to bankruptcy.”
“The math doesn’t work,” Mark Fields, former Ford Motor CEO, told Joe Kernen of CNBC early last week. Until the industry solves charging and cost issues, EV sales will continue to underperform. The bottom line for Fields is that “the government [Biden administration] will have to back off” its policies mandating two-thirds of new vehicle sales being EVs by 2030. Absent such an adjustment, emissions will worsen, and the EV transition will lag. …
Continue Reading[Ed. Note: Part I yesterday examined quotations on the primacy of energy for human betterment from friends of conventional energy. Today’s post adds respect from foes of oil, gas, and coal.
Free-market energy proponents gain the high ground when they stress the utilitarian nature of affordable, plentiful, reliable energy. Energy statists must play defense when their opponents stress the need to keep energy affordable for the less financially able and those billion-plus world citizens who do not have access to modern forms of energy.
… Continue ReadingIncreased energy affordability is not bad but good. Yet cheap energy is the enemy to the other side (although the Obama greens will not publicly admit it). Julian Simon noticed as much when he wrote The Cheaper the Energy the Better during the BTU tax debate in 1993:
Some people simply believe that it is ipso facto a good thing to use less energy and have less economic growth.
Energy is ubiquitous to modern industrial life. It is the fourth factor of production in addition to the textbook triad of land, labor, and capital. Julian Simon coined the term master resource to describe the resource of resources, energy.
Energy as been recognized as a unique driver of economic activity and human betterment for almost two centuries–about as long as carbon-based energies came to be recognized as a sea change from the inherently dilute, unreliable renewable energies of before. The Industrial Revolution was enabled by coal, the energy required by the new machinery, as W. S. Jevons so brilliantly saw in his day.
The quotations below, some classic, resonate as well or better today than ever before. They are as ‘right” as the peak-oil quotations (compiled here and here) have been wrong.…
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