While perusing my news feed, I found a recent Fortune magazine article on the problems that electric vehicle owners are having with their cars, 80% more difficulties on average than conventional combustion vehicles (see below). The writer tried to deflect the problems into the category of “growing pains” for the new industry.
Yes, I agree with him, but he seems unaware of the much more fundamental issue. Problems or no, the EV is a politically driven product and, like any such good or service, has politically driven trade-offs. Growing pains? Growing pains or no, the whole EV industry probably would be immensely smaller but for politics. Politicians constructing their road to utopia understand that people must be bribed, and coerced, to mass adopt something that makes their lives worse off. The things still don’t make much economic sense compared to those efficient muscle engines.
Lest we forget, politicians are camp followers, always with their fingers in the wind discerning the next fashionable thought or issue. Those leaning to the Left already have a laundry list of ready-made issues, just add water – i.e., donors’ money.
But there’s one huge complication: Politics is a poor driver of an economy. Utility (use and practicality) occupies first place in a normally functioning economy. Sellers invent and continue to produce the stuff that buyers find useful and enhances their lives. If it’s not as good as the alternatives, it’s essentially junk. It’s the economic definition of junk. When politics enters the fray, utility disappears from the equation. Practicality and usefulness take a back seat to powerful groups’ ideological demands. When the movement rises in prominence due to their momentary occupation of the commanding heights of the culture, they quickly gain the reins of political power to impose their preferences, and the artificially driven esteem for junk rises.
Trade-offs and opportunity costs are tossed to the wind. If pressed, the true believer can always interject their own wholly invented, unprovable costs into the equation. Prominent among the hypothetical eco-costs is the existential end of the planet. That’s always the gambit for the zealot: scare people into adopting the zealot’s choices. The Left’s ownership of the cultural commanding heights has made it easy for already Left-leaning politicos to engage in the hyperbole. Consequently, political power is married to an ideology’s agenda. In the end, your family sedan is forced into oblivion.
So, as politically inspired junk is imposed on the population, what is lost, or the opportunity cost? On the EV front, the auto producers’ resources are plowed into the less-useful and away from the more-useful. That’s a trade-off, and it’s unavoidable. The loss of the opportunity for producing the more useful things (opportunity costs) increases, and that’s equally unavoidable.
What does all this mean for you? Your life changes, and for the worse. It always pencils-out that way when you are forced to choose the worst alternative. How bad is that alternative? The whole eco-agenda cascades onto you with its abundant unintended consequences. It goes beyond the problems with charging and the batteries (some of them catch fire) in the article. The additional resources to make the thing work as the numerous glitches of the impractical (“growing pains”) raise the costs of producing the impractical which will always translate into an increase in the cost of living. Higher standards of living do not ride the back of higher costs of production and living. The more that you try and do that, the worse it gets.
Save the planet by being worse off? But you aren’t saving the planet. Do you think for a moment that India and China and the rest of Donald Trump’s “shitholes” are going to give up cheap energy? Come on, get a grip. China is building new coal-fired plants at the same clip as they are warships. India, soon to be the planet’s most populous country, wants relief from the oppressive heat. Sorry, solar panels and windmills won’t cut it. Economies of scale in energy production, meaning a grid and power plants, is the only thing that’ll elevate people out of the sweat and filth. Everyone, if they were honest, knows it, except AOC, John Kerry, and our culture’s eco-barkers.
Wait a minute. That’s quite a crowd who’ve bought into the nonsense. And nonsense it is. The leap of faith from a period of warming temperatures to the apocalypse more resembles a religious doctrine than science. “Follow the science” is no such thing. It’s follow the eco-Pope.
That Genius of Lansing, Mi., Gov. Gretchen Whitmer, has decided to go California and follow the eco-Pope. She’s hellbent on bringing blackouts and skyrocketing utility bills to the wolverine state. She signed two bills establishing energy central planning (see below). The state must be 100% “clean energy” by 2040, 60% by 2035. That means a massive increase in solar and wind, 1.5 million acres more (Mackinac Center report, see below). The costs will be humungous, and it will be taken out of the hide of Michiganders. And out of the sovereign powers of localities. Their power to regulate these gargantuan scars on the land in their neighborhood will be proscribed. Expect each family in the state to shell out an additional $2,746 per year for energy (Mackinac Center report).
Declaring war on gas and petroleum and monopolizing all energy needs onto an electrical grid suffering from “intermittency” (solar and wind) is absolute folly. Do you want to live worse off? Do you want your children to be worse off? Don’t think for a moment that at least you’ve saved the planet, as they’ve made most people’s lives more challenging. By the way, it won’t be true for Jeff Bezos, nor Mark Zuckerberg, nor John Kerry, who married into the Heinz fortune.
The planet will be the same as before, and you’ll be less well off. All this brought to you by people who don’t know what they’re doing.
On second thought, they do. And it’s hooey.
RogerG
Read more here:
* “Electric vehicle owners report 80% more problems than with conventional cars and trucks amid ‘growing pains’ for the industry, Consumer Reports says”, Tom Krisher of the AP, Fortune, 11/23/23, at https://fortune.com/2023/11/29/electric-vehicle-reliability-more-problems-gas-powered/
* “Michigan Gov Whitmer signs sweeping green energy bill forcing transition from fossil fuels”, Thomas Catenacci, Fox News, 11/30/23, at https://www.msn.com/en-us/news/us/michigan-gov-whitmer-signs-sweeping-green-energy-bill-forcing-transition-from-fossil-fuels/ar-AA1kJF4I
* “New Energy Bills Would Increase Costs and Blackouts”, Holly Wetzel, Mackinac Center, 10/27/2023, at https://www.mackinac.org/pressroom/2023/new-energy-bills-would-increase-costs-and-blackouts