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Matt Ridley Details The Many (Sane) Reasons He’s Sticking With A Petrol Car

by Matt Ridley
July 09, 2023, 12:17 PM
in News and Opinion
Reading Time: 3 mins read
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electric car chargingBritain’s electric vehicle transition and the ban on petrol car sales in 2030 are a slow-motion car crash.

The technology is not ready, the cost will be vast, the logistics are forbidding, the reliance on China is worrying and the backlash from the public is likely to be harsh.

Worst of all, the benefits are derisory at best and may not even exist. [emphasis, links added]

Yes, you read that right. It is possible that we could replace all of Britain’s cars and vans with electric vehicles and still find that carbon dioxide emissions are higher, not lower. Cost-benefit, hello?

First, though, consider the politics. Most electric car batteries are made in China and their hold on the market is growing thanks to huge investments in lithium and other minerals, low labor costs, and a cheap coal-fired grid.

Chinese company BYD overtook Tesla as the biggest manufacturer of electric vehicles last year and, in a truly sinister development, has just agreed with Tesla to jointly promote ‘core socialist values’ while dominating the market and apparently fixing prices.

Switching transport to electric in a short timescale will inevitably mean buying Chinese.

Are we really about to force ourselves to become even more reliant on a totalitarian regime that stamps out freedom in Hong Kong, commits genocide against the Uighurs, threatens war on Taiwan, and refuses to be transparent about how a pandemic began near its leading virus laboratory?

To wean ourselves off China over the next seven years would require 100 times as much battery capacity as we have now, which is neither affordable nor feasible.

To lure battery makers to the UK, despite our sky-high energy prices (caused by the massive investment in wind power and the refusal to tap shale gas), the Government is having to throw armfuls of taxpayers’ money at battery and car manufacturers.

Britishvolt failed to build its ‘Gigafactory’ in Blyth for lack of taxpayer subsidies.

Lord (Zac) Goldsmith thinks we are falling behind in the race to subsidize ‘green’ energy. Yet handouts rarely make industries competitive.

If America and the European Union want to spend a fortune trying — and probably failing — to catch up with the Chinese, why should we join in?

But don’t expect industry bosses to tell you the truth about the impossibility of this transition.

Huge taxpayer subsidies to force consumers to switch products are just what they love, whether the plan makes sense or not.

To paraphrase Gulliver’s Travels, if you asked Rolls-Royce or Tata to devise a plan to make sunbeams from cucumbers, they would have a jolly good crack at it — and only tell you it was impossible after spending a couple of billion pounds of your money.

This raises the question: why are we doing this again? We’re deliberately killing a profitable British car industry for minimal benefit to please a few posh activists and crony capitalists.

There is no sign of ordinary people demanding this transition. Electric cars still cost almost double their petrol equivalent.

So, just as producers need taxpayer subsidies to supply electric cars, consumers need subsidies to buy them.

Any industry dependent on taxpayer support at both ends of the chain is not sustainable.

Nor can Britain’s electricity infrastructure be adapted easily or quickly to cope with the extra demand implied by the transition — without further subsidies.

Just to supply the extra electricity for a fully electric fleet would mean a near-doubling of the number of wind farms (plus necessary gas-fired back-up), or an equivalent new supply from nuclear, a technology that takes decades to build.

Read rest at Daily Mail

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Comments 1

  1. SPURWING PLOVER says:
    2 years ago

    Lets put all the World Leaders Politicians, Hollywood Eco-Freaks and the rest of the Go Green crowd on EV’s and Wind or Solar Power only

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