European Energy Crisis Making EV Battery Plants “Unfeasible”
The alternative energy industry is headed for a brick wall. The reality is that it takes cheap energy to make things like battery packs.
The declared war on ‘fossil fuels’ will continue to backfire on any country that buys into the false economic proposition that solar and wind is a free lunch.
Will they ever learn that there is no such thing as a free lunch?
We’ve already written this month about how the “tax break” incentive to buy an EV is starting to vaporize into thin air in places like Japan and the U.K.. Now, the irony continues, as rising costs of energy in Europe, helped along by “green” energy policies, are making industrial projects like battery cell factories “unfeasible”.
Volkswagen brand CEO Thomas Schaefer said this week that investments in German and EU projects will no longer make financial sense if “policy makers fail to control ballooning energy prices in the long-term”, according to the Times.
In a post on LinkedIn, Schaefer said:
“Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive production or new battery cell factories in Germany and the EU will be practically unviable.
The value creation in this area will take place elsewhere.”
Last week, French and German economy ministers proposed an outline for policy cooperation that Schaefer claims “falls short in crucial areas and does not address the envisaged priorities”, the report says.
“Outdated and bureaucratic state-aid rules” fail to focus enough on “the short-term ramp-up, scaling and industrialisation of production,” he said.
The report says that EU officials are focused on responding to President Joe Biden’s Inflation Reduction Act, which they say “violates World Trade Organisation rules and discriminates against non-US companies.”
Meanwhile, Volkswagen is in the process of putting 6 battery factories in operation across Europe by the year 2030, the report says. The company’s lead plant in Germany broke ground this July and already has a €3bn (R53bn) joint venture with Umicore in place for cathode material production.
Recall, just days ago, we reported that the UK was looking to raise more tax revenue from electric vehicles, shattering the years-long assumption that if you contributed to “helping the environment” by buying an EV, you’d be entitled to subsidies and tax credits.
Now Japan’s internal affairs ministry is reportedly weighing whether or not to raise taxes on electric vehicles in order to make up for a shortfall in income from taxes on traditional gas powered cars.
And so it’s turning out that the economics of an industry pivot set into motion almost solely due to government subsidization may not entirely make sense. Who would have figured?
See more here technocracy.news
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Howdy
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“The reality is that it takes cheap energy to make things like battery packs.”
Let’s get one thing clear: Energy was never cheap, even before the scamdemic, and war that is now blamed to be the cause of everything.
Oh I know if you’ve got plenty of dosh it’s no problem, and there are certain folk advising others to do this and that to avoid the outcome, but it needs outlay and resources, and the ones doing the advising are the ones with self-professed plenty! There are more cars blasting up and down the roads at high speed than ever, yet, aren’t people supposed to be skint? Didn’t the price of road fuel hit a high?
One of the most common pieces of advice I’ve come across in the last decade or so when a home appliance needs repair is: “Item X is not expensive, just get a new one. Such a wastefull society that has too much, and is irresponsible with it.
People in the West scoff at those in places like Pakistan and India where repair or rework is the only way forward due to economic restraints and the need to earn a crust. Those people use comparatively crude, or outdated methods that are by necessity. It used to be that way in the West, but laziness and excess wealth took over.
How happy the old days were compared to now.
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Eric the Red
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Green energy is a delusional narrative that believes it can suspend the laws of thermodynamics.
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Carbon Bigfoot
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The birth of Green Energy & Carbon Foot Print….Elon Musk’s Grandfather. Elon the King of Mars.
https://bestnewshere.com/ye-reveals-the-method-nwo-synthesis-between-new-age-and-technocracy/
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