Didn't the Soviet Union prove that planned economies don't work? From The Telegraph: The rush to EVs is causing real damage
Car manufacturers are in an impossible situation, forced to balance what their customers want with what politicians think they should want
I'm shocked that politicians don't know what is best for everyone.
After the Thatcher revolution industrial policy was largely dead in Britain. We said goodbye to British Leyland and the militant union culture that accompanied decades of politicians “picking losers” as national champions and repetitive bailouts, including eventually of UK plc by the IMF.
However, it was put on life support by climate policies during the Blair/Brown years, creating low carbon markets that could only exist by extracting rent from the tax or bill payer in a hierarchy of plans, targets and controls.
Government likes to think it can "pick winners." It can't.
Hat tip goes to MGUY Australia and his video CHAOS: Electric Range Rover DELAYED as JLR offers 500 redundancies.
It's an abject lesson in why state intervention in a market, especially one as significant and valuable as the auto industry, has always been, and still is today, a complete disaster for everyone involved.
The video is 9 minutes, and it covers more than the article I have link above.
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