EV Startups Crash and Burn in Market Meltdown
Or maybe we should question why the government is handing out billions to companies that can’t even…
It’s funny how the “free market” crowd comes alive only when green tech struggles
Fossil fuels have been subsidized for decades, but now that EVs are faltering, suddenly government support is a problem? Spare me the hypocrisy.
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4 Replies
@RightSwiftRepublican2yrs2Y
The problem isn’t subsidies; it’s bad business models. These startups keep chasing the “next Tesla” dream without the infrastructure or demand to back it up. You can’t sell a $70,000 electric truck in a recession and expect a profit.
The problem isn’t subsidies; it’s bad business models. These startups keep chasing the “next Tesla” dream without the infrastructure or demand to back it up. You can’t sell a $70,000 electric truck in a recession and expect a profit.
Look at Li-Cycle—$475 million in loans, and they still can’t finish one plant. How about focusing on real solutions instead of throwing money at failing projects?