This is the truth about electric cars…They are costing the taxpayer millions of dollars a year. Government subsidies are corporate welfare. Governments can no longer afford to buy jobs.
There is not enough money to support both the public and private sector. Someone has to put money into the system. Right now, the withdrawals are larger than the deposits. That cannot continue for much longer before everything comes crashing down.,,and it will.
It’s Confirmed: Without Government Subsidies, Tesla Sales Implode
According to the latest data from the European Automobile Manufacturers Association (ACEA), sales of Electrically Chargeable Vehicles (which include plug-in hybrids) in Q1 of 2017 were brisk across much of Europe: they rose by 80% Y/Y in eco-friendly Sweden, 78% in Germany, just over 40% in Belgium and grew by roughly 30% across the European Union… but not in Denmark: here sales cratered by over 60% for one simple reason: the government phased out taxpayer subsidies.
As Bloomberg writes, and as Elon Musk knows all too well, the results confirm that “clean-energy vehicles aren’t attractive enough to compete without some form of taxpayer-backed subsidy.” – ZeroHedhe
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