EV Unicorns Leaving Common Sense In Dust?

In its “EV Unicorn Crash” the WSJ says “cheap credit & political subsidies led startups to let their ambitions get ahead of market realities.” Ongoing tech & fueling limits also ain’t helping a US stampede to EVs?

As the article noted: “A parade of electric-vehicle startups have gone public in recent years & commanded multibillion dollar valuations – Rivian, Nikola, Canoo, Lordstown, Fisker, Workhorse Group, Mullen Automotive & Lucid. Most had never sold a single car at their public debut … their stocks surged, only to crash. Their ambitions were ahead of reality.”

Still, progressives are doubling down on replacing asap “gasoline-powered cars with supposedly climate-friendly EVs.” Few seem to consider that China, the world leader in EV production (it produces 5.7M EVs compared to the 434K EVs sold in the US last year) has growing concerns about its own oversupply thanks to “reckless investments & disorderly efforts” in the industry. In fact, some 200 Chinese EV startups have launched “in the chase for government subsidies” ala the US and, with the possible exception of US Musk’s Tesla, the supply of EVs now far exceeds the demand … and those startups are also starting to go belly up. Has anyone also asked how easy it is to find a charging station in the middle of know where province or USA?

Davd Soul