Electric Vehicle Folly

Virginia’s law to ban the sale of new gas-powered cars in 2035 becomes more questionable as a new study shows that EVs lose up to 30 percent of their range in high temperatures (here). This is a similar loss as was previously found for EVs in cold weather (here). This could explain in part why dealers are sitting on massive inventories of new electric vehicles. The Thomas Jefferson Institute has argued for a long time that the power, mining, and reliability issues surrounding electric vehicles make the premature banning of gas cars in Virginia nonsensical (here).

The entire auto industry is making a massive pivot to electric vehicles. The world is going to need a lot more batteries. And China dominates the supply chain. Read more here.