The Electric Vehicle Bubble Bursts. In Fact, it Explodes
Trying to “save the planet” by buying an electric vehicle (EV) is like deciding to make a unicorn by buying a thoroughbred horse and soldering a narwhal’s horn to its forehead: a costly, even cruel way to accomplish nothing at all.
It’s highly debatable whether, even if every car owner in the West could afford to switch over to EVs, it would have much impact on our climate at all — not when the hungry half of the world is unapologetically burning coal. According to the Center for Research on Energy and Clean Air’s 2024 report: “China approved 114 gigawatts (GW) of coal power capacity in 2023, up 10% from a year earlier. Construction started on 70 GW of new coal plants last year, up from 54 GW a year earlier.”
Right there, China blotted out every arguable improvement that pricey, environmentally toxic EVs might have offered. But at least Red China’s getting rich selling us rare earth elements to make those EV batteries.