https://www.spiked-online.com/2023/07/03/this-rush-to-electric-cars-is-a-colossal-mistake/
We may soon regret the radical and absolutist embrace of electric vehicles (EVs). Governments across the world are planning to ban sales of new petrol and diesel cars, and to take older, gas-guzzling vehicles off the road. The Biden administration is proposing strict new pollution limits, as well as vast state subsidies, to accelerate the US’s transition to EVs.
Replacing the massive $3 trillion global car industry is an extremely high-risk economic gamble, particularly for the West. It could also threaten the mobility of all but the richest among us. And all this is being risked for environmental benefits that may prove far less robust than is often claimed. This is not to say that EVs won’t help us to reduce CO2 emissions or to clean the air. The problem is that, at least in the immediate future, they should not be the only option available to consumers.
Toyota, for instance, has argued that there are other, more affordable and quicker ways to reduce emissions than transitioning exclusively to EVs. While Toyota is investing in electric batteries, it also hopes to continue offering hybrid and hydrogen-powered cars in the coming decades. For stating this openly, it has come under fire from green lobbyists and politicians. New York City’s comptroller, Brad Lander, has even decided to restrict the city’s pension fund’s investments in the Japanese car company, due to its unwillingness to faithfully follow the green party line.