Like everything else in the Green Movement, electric mobility too is turning into a giant money-burning pit.
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Germany’s online Blackout News here reports that the global automotive industry is facing an “existential crisis” due to a massive financial failures in the electric vehicle (EV) sector.
In 2024, losses in the electric car segment reached approximately 60 billion euros (70 billion dollars).
Major manufacturers like Volkswagen, Ford, Toyota, General Motors, Tesla, etc., have had to perform significant write-downs due to overestimating the market.
Expectations crash against reality
Blackout News points to a significant gap between manufacturer expectations and reality. Customers are reportedly rejecting EVs or delaying purchases due to:
1) high purchase prices,
2) limited range, especially in colder and hotter climates.
3) long charging times
4) poor charging infrastructures
5) poor battery longevity of 6-8 years
6) poor battery performance in later years
7) high insurance costs
8) very low resale values
9) disappearing government subsidies, which have “artificially” supported demand.
The CO2 reduction for 50,000 miles of driving an gasoline vehicle vs an EV is minimal, on a mine to graveyard basis, plus the gasoline vehicle can be expected to travel at least another 50,000 miles, whereas the EV would need a new battery, or be scrapped.
Consumers aren’t cooperating
Blackout News claims that car manufacturers prioritized political goals (such as CO₂ regulations, combustion engine bans, totally unrealistic, rah-rah, estimates by woke government bureaucrats of EV use) over market economic logic.
This “ideological misdirection” led to massive investments in production capacity totally in excess of the number of ready, willing and able EV users.
Manufacturers are responding
In response to these losses, companies are making sharp course corrections.
For example, Volkswagen, Ford, Toyota, General Motors, Tesla, etc., are cancelling models, reducing EV investments, reducing production targets and intensifying cost-cutting programs.
The economic consequences are profound. The crisis is leading to production cuts, cancelled projects, and increased uncertainty for employees and suppliers.
High raw material prices and the lack of “economies of scale” (due to low volume) mean that manufacturers are struggling with low margins and overcapacity.
In summary, the transition to electromobility is a “billion-euro grave” caused by manufacturers ignoring consumer preferences in favor of low-towing to woke political mandates and delusional green ideologies.
Will lawmakers finally wake up to put an end to this economically unwise, impoverishing folly?
CO2 IS AN ABSOLUTELY VITAL FOR GROWING FLORA AND FAUNA; NET ZERO IS A SUICIDE PACT
By Willem Post
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The IPCC, etc., has endowed CO2 gas as having magical global warming power, based on its own “science”
The IPCC, etc., claims, CO2 acts as Climate Control Knob, that eventually will cause runaway Climate Change, if we continue using fossil fuels.
The IPCC, etc., denies the Little Ice Age, uses fraudulent computer temperature projections.
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Governments proclaimed: Go Wind and Solar, Go ENERGIEWENDE, go Net zero by 2050, etc., and provided oodles of subsidies, and rules and regulations, and mandates, and prohibitions to make it happen.
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Net-zero by 2050 to-reduce CO2 is a super-expensive suicide pact, to:
1) increase command/control by governments, and
2) enable the moneyed elites to become more powerful and richer, at the expense of all others, by using the foghorn of the government-subsidized/controlled Corporate Media to spread scare-mongering slogans and brainwash people, already for at least 50 years, extremely biased CNN, MSNBC, NPR, PBS, NBC ABC, CBS come to mind.
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CO2, just 0.042% in the atmosphere, is a weak absorber of a small fraction of the absorbable, low-energy IR photons.
CO2 has near-zero influence on world surface temperatures.
CO2 is a life-giving molecule. Greater CO2 ppm in atmosphere is an essential ingredient to:
1) increase green flora and fauna, reduce desert areas, such as the Sahara, and
2) increase crop yields to better feed 8 billion people.
At About 30% Annual W/S Electricity on the Grid, Various Costs Increase Exponentially
The W/S systems uglify the countryside, kill birds and bats, whales and dolphins, fisheries, tourism, view-sheds, etc.
The weather-dependent, variable/intermittent W/S output, often too-little and often too-much, creates grid-disturbing difficulties that become increasingly more challenging and more costly (c/kWh) to counteract, as proven by the UK and California for the past 5 years, and Germany for the past 10 years, and recently in Spain/Portugal.
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All have “achieved” near-zero, real- growth GDPs, the highest electricity prices (c/kWh) in the EU, and stagnant real wages for almost all people, while further enriching the moneyed elites who live in the poshest places.
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Native People Suffer Extra Burdens: Their angry, over-taxed, over-regulated native populations, already burdened by the wind/solar/batteries nonsense, and then further burdened by do-good bureaucrat and self-serving moneyed elites bringing in tens of millions of uninvited, unvetted, uneducated, unskilled, ghetto-trash, crime-prone, poor folks, from dysfunctional countries.
Those folks are sucking from the multiple, government-program tits, while making 1) minimal efforts to produce goods and services, and 2) maximum efforts to be chaotic, culture-destroying burdens, the native populations never voted for.
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Minimal Temperature Change due to CO2: The climate is not any different, even though, atmosphere CO2 increased from 280 ppm in 1850 to 420 ppm in 2025, 50% in 175 years. During that time, world surface temps increased by at most 1.5 C +/- 0.25 C, of which:
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1) Urban heat islands account for about 65% (0.65 x 1.5 = 0.975 C) of the warming, such as the UHI of about 700 miles, from north of Portland, Maine, to south of Norfolk, Virginia, forested in 1850, now covered with heat-absorbing human detritus, plus the waste heat of fuel burning.
Japan, China, India, Europe, etc., have similar heat islands
2) CO2 accounts for less than 0.3 C, with the rest from
3) Long-term, inter-acting cycles, such as coming out of the Little Ice Age,
4) Earth surface volcanic activity, and other changes, such as from increased agriculture, deforestation, especially in the Tropics, etc.
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BTW, the 1850 surface temp measurements were only in a few locations and mostly inaccurate, +/- 0.5 C.
The 1979-to-present temp measurements (46 years) cover most of the earth surface and are more accurate, +/- 0.25 C, due to NASA satellites.
Any graphs should show accuracy bands.
The wiggles in below image are due to plants rotting late in the year, emitting CO2, plants growing early in the year, consuming CO2, mostly in the Northern Hemisphere. See URL
https://gml.noaa.gov/ccgg/about.html
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Here are four articles attesting to the small global warming role of CO2 in the atmosphere
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Eight Taiwanese Engineers Determine Climate Sensitivity to a 300 ppm CO2 Increase Is 'Negligibly Small'
By Kenneth Richard
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The Fairy Tale of The CO2 Paradise Before 1850...A Look at The Real Science
By Fred F. Mueller
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Achieving 'Net Zero by 2050' Reduces Temps by 0.28 C Costing Tens of $TRILLIONS
By Kenneth Richard
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German Researcher: Doubling Of Atmospheric CO2 Causes Only 0.24°C Of Warming ...Practically Insignificant
By P Gosselin on 19. November 2024
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