The electric car debacle shows the top-down economics of net zero don’t add up

The car industry's expectation of a surge in demand for electric vehicles has been proven wrong as supply outstrips demand and prices tumble rapidly, revealing the misjudgment of the scale of demand; this highlights the flaw in the top-down approach of forcing manufacturers to produce millions of electric vehicles without a guaranteed market, and calls for the arbitrary 2030 ban on petrol and diesel cars to be scrapped. The Government's wind energy policy is similarly divorced from reality as rising costs lead to the abandonment of major projects, jeopardizing Britain's ambitions in offshore wind capacity. Additionally, the campaign to promote heat pumps for homes has been unsuccessful due to high costs and technology flaws, resulting in minimal uptake despite government subsidies. The article questions the viability and fantasy-like nature of net zero economics, while also raising concerns about the lack of protection for productive hi-tech industries in the UK.

telegraph.co.uk

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