On Friday, John Hinderaker posted an article at Power Line Blog about the current state of green energy.
The article reports:
Wind and solar are both terrible methods of generating electricity, both expensive and unreliable. The one thing that can make the situation worse is the drive to electrify everything, including motor vehicles. The impracticality of this “green” vision has become blindingly obvious, and the “green” movement has begun to fall apart.
The article cites a few recent articles on the subject.
From the Telegraph: “Electricity prices ‘must rise by 70pc to pay for more wind farms.’”
No new wind farms will be built off Britain’s shores unless the Government lets operators earn more money from the electricity they produce, the chief of the nation’s biggest generator has said.
Tom Glover, country chair of RWE’s UK arm, said the price offered by the Government to wind farm operators must rise by as much as 70pc to entice companies to build.
His warning follows the disastrous result of the last offshore wind allocation round in September, which ended in a humiliation for ministers with not one company offering to build new offshore wind farms.
From Robert Bryce: “Ford Lost $62,016 For Every EV It Sold In 3Q.”
The bloodbath in Ford Motor Company’s EV division continues. On Thursday, Ford reported an operating loss of $1.3 billion in its EV division during the third quarter. That translates into a loss of $62,016 for each of the 20,962 EVs it sold during the period.
That’s a smaller loss than the company recorded in the second quarter, when it lost $72,762 for each EV and the $66,446 it lost per EV during the first quarter.
In its October 26 press release, Ford provided an additional comment on the EV losses, saying, “According to the company, many North America customers interested in buying EVs are unwilling to pay premiums for them over gas or hybrid vehicles, sharply compressing EV prices and profitability.” …
That’s a truth bomb of the first order, one to which veteran observers of the EV hype should rightly reply, “ya think?” Consumers, that is, consumers who aren’t part of the Benz and Beemer crowd, have been unwilling to pay premiums for EVs throughout the century-long history of the EV business. The question that Ford shareholders should be asking the company’s management, and CEO Jim Farley in particular, is obvious: “What the hell took you so long to recognize that customers aren’t willing to pay high prices for EVs?”
I don’t know if I can ever forgive Ford for what it did to the Mustang!
This is what happens when the government interferes in the free market.