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Adam Pankratz: Guilbeault's EV fantasy crashes into reality

17 0
19.03.2024

His refusal to balance priorities and reliance on government dictates rather than consumer choice make his dreams unrealistic

Late last year, when Environment Minister Steven Guilbeault announced the Liberals’ plan to eliminate the sale of cars with internal combustion engines by 2035, a number of people, myself included, rolled their eyes at the government’s interference in the free market. Little did we know how fast the free market would slap the electric vehicle mandate back to reality, while Canadian taxpayers continue to subsidize green fantasies.

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The signs were already there in late 2023, before our environment minister proudly announced he would jettison capitalist principles and create a dirigiste Canadian automobile economy. First, in September 2023, Volkswagen announced it was cutting EV output due to low demand. Then, in November, Ford announced that it too would be scaling back EV battery production due to lacklustre demand.

The new year has not changed the story. If anything, the pace of automakers turning their backs on EVs has accelerated. General Motors is struggling with production woes, Mercedes Benz has delayed its EV goals and even Tesla has warned that EV sales could be significantly lower than predicted.

In response to sagging demand,........

© National Post


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