{"id":286645,"date":"2023-11-05T15:37:54","date_gmt":"2023-11-05T14:37:54","guid":{"rendered":"https:\/\/climatescience.press\/?p=286645"},"modified":"2023-11-05T15:37:57","modified_gmt":"2023-11-05T14:37:57","slug":"the-coming-collapse-of-green-energy-and-why-evs-will-never-catch-on-in-the-tank-422","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=286645","title":{"rendered":"The Coming Collapse of Green Energy (and why EVs will never catch on) \u2013 In the Tank\u00a0#422"},"content":{"rendered":"\n
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The Heartland Institute\u2019s Jim Lakely, Chris Talgo, Linnea Lueken, and special guest Jason Isaac of the Texas Public Policy Foundation present episode 422 of The In the Tank podcast. <\/p>\n\n\n\n

The Biden administration is continuing to mandate the electrification of everything while at the same time pulling offline the reliable and affordable power generation and transmission that would make it remotely possible. <\/p>\n\n\n\n

And this is a global delusion, not just a growing problem in the United States. Energy prices are skyrocketing and the \u201cgreen energy\u201d industry is now demanding even more government handouts \u2013 and permission to hike prices even more \u2013 to keep the scam going. <\/p>\n\n\n\n

But are we seeing signs that a rapid collapse of the scam is near?<\/p>\n\n\n\n

\"\"Stopping Socialism TV with Justin and Donald<\/a><\/p>\n\n\n\n

Investments in \u201calternative energy\u201d companies took off in 2020, but all those gains are now gone. General Electric announced that it will post $1 billion in losses in its wind division. <\/p>\n\n\n\n

The S&P Global Clean Energy Index is down more than 30 percent this year and still dropping. Siemens, one of the premier German manufacturers of wind turbines, saw its stock price crash by nearly 40 percent in one day last week and now wants a 15-billion-euros handout from the German government. <\/p>\n\n\n\n

It also appears that \u201cBig Oil\u201d is giving up on pretending to be a part of the \u201cgreen energy\u201d future and is consolidating to produce even more oil and gas in the future.<\/p>\n\n\n\n

And in signs that the EV bubble is collapsing, Ford announced that it lost $1.3 billion in its EV division during the third quarter of 2023 \u2013 which translates into a loss of $62,016 for each of the 20,962 EVs it sold during the period. <\/p>\n\n\n\n

The CEO of Mercedes Benz said of the glut of EVs on the market that the public doesn\u2019t want: \u201cI can hardly imagine the current status quo is fully sustainable for everybody.\u201d <\/p>\n\n\n\n

Even Elon Musk is warning that demand is just not there for this massive, government-driven push for EVs.<\/p>\n\n\n\n

Joining us to talk about all this is Jason Isaac, senior fellow of Life:Powered, a national initiative of the Texas Public Policy Foundation and co-author of the brand new report: \u201cOvercharged Expectations: Unmasking the True Cost of Electric Vehicles.\u201d <\/p>\n\n\n\n

With government so invested with OUR MONEY in these schemes, is it inevitable that a massive financial bailout for these boondoggles is coming?<\/p>\n\n\n\n

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