Britishvolt’s Collapse Signals Economic Disaster For UK’s Net Zero Plan
After the much-lauded battery start-up Britishvolt collapsed into administration, Net Zero Watch has reiterated its warning that the Government’s policy of green interventionism and Net Zero dogmatism is a recipe for economic and political disaster
Described as a ‘gigafactory’, the collapsed EV battery factory was meant to be a symbol of leveling-up and would show how a green “planned economy” could herald an industrial renaissance.
The then Prime Minister, Boris Johnson, claimed last year that:
“Britishvolt’s plan to build a new gigafactory in Northumberland [was] a strong testament to the UK’s place at the helm of the global green industrial revolution.”
Those plans are now in utter disarray.
UK Government ministers had committed £100 million to the battery project, apparently without a sound business plan, because it aligned with official rhetoric on Net Zero.
The company blamed Britain’s “ballooning energy costs” for its predicament and its ultimate collapse.
Other carmakers plan to slash the number of electric vehicles they manufacture because rising prices and the spiraling cost of electricity make them increasingly unaffordable for drivers.
Dr. Benny Peiser, Net Zero Watch’s director, said:
“This fiasco was utterly foreseeable and was indeed foreseen by us and other analysts — but not by complacent ministers and incompetent civil servants.
BMW’s China exodus and Britishvolt’s collapse won’t be the last casualties of the government’s green command and control economy.”
See more here climatechangedispatch
Header image: autocar.co.uk
Please Donate Below To Support Our Ongoing Work To Defend The Scientific Method
PRINCIPIA SCIENTIFIC INTERNATIONAL, legally registered in the UK as a company 
incorporated for charitable purposes. Head Office: 27 Old Gloucester Street, London WC1N 3AX.
Trackback from your site.
Tom
| #
Nothing that a few trillion dollars can’t fix.
Reply
VOWG
| #
The net zero lie has to stop as does the covid vax lie.
Reply
Howdy
| #
“testament to the UK’s place at the helm of the global green industrial revolution.”
Boris Johnson, eh? What an absolute buffoon. It is his view that the tiny island he oversaw can be best at everything, yet we witness the exact opposite.
The UK needs new blood to spur action on real problems. The tories are hopeless, with no leadership qualities between any of them, Labour, run by captain hindsight, don’t make me laugh.
Reply
Ivan the Horrible
| #
During creation of the earth, man was given fossil fueled fire and the brains to develop nuclear “fire” for all of his energy needs.
Greed caused the sheeple of the earth to find alternatives and it did not turn out so well.
Reply