We can all see that EV prices new and used are going through the floor, but here’s a hot take which the below YouTuber sources to the Wall STreet Journal.
The US Government has been applying a fanciful and entirely fraudulent multiplier to EV “mileage” equivalence figures. This incentivizes carmakers to sell make and sell EVs via Al Gore’s carbon credit scam. So Tesla (selling only EVs) gets a fat stack of carbon credits, which they sell for $2B annually (2023 Q3 annualized), and which other carmakers must purchase one way or another. They have to buy enough to offset their gas motor sales minus their own EV sales, that is, sell EVs or buy credits, pal.
But the mileage numbers have been officially inflated — by the government — to a factor of almost seven. This is a much bigger story and a much more blatant (and damaging and expensive) scam than the famed Volkswagen Diesel hack, which was at least subtle and innovative. This is just plain-old fraudulent book-keeping ,and at multiple levels. Remember that a “carbon credit” is ultimately just a tax on people who had nothing to do with the product anyway.
Short video — good watch.
https://www.youtube.com/watch?v=TgfV_nDhWUc
