Ferrari just reported a third quarter sales sales uptick of nearly 11 percent, which it attributes to demand for its V8 powered Portofino. Sales of the V12 Superfast rose 7.9 percent. The best-selling three cars in the U.S. are big trucks – the Chevy Silverado, Ford F-150 and Dodge Ram 1500. These are not being produced at bayonet-point, via mandates – and the people buying them don’t need their palms greased as inducements to buy them.
Contrast this with the sales of electric cars so far this year – of which there were none.
A number of them did change hands, it’s true. But to describe the exchange as a “sale” is to abuse the language, akin to referring to Bruce as “her.”
Each one must be given away at a net loss. This includes most especially the Tesla3, which the company falsely proclaims is “selling” well. Tesla is taking in money, perhaps. In the manner of Tony Soprano.
But it is not making money selling cars.
Not if you exclude the money paid to Tesla by its enforcer, the government – or the money which others are forced to pay the government but which the government so generously exempts Tesla from paying. These latter – the various “tax breaks” received by the “buyers” of Teslas and other EVs – are considered by some to be innocuous, even desirable because (so the argument goes) the government is simply refraining from taking.
The problem is that the government still takes from others and by doing that – but not doing it to others – the government is advantaging the one at the expense of the other. It is analogous to your neighbor being exempted from being forced to pay the property tax on his home. Meanwhile, you have to pay – and probably pay a bit more – in order to make up the shortfall.
Your neighbor gets to build an addition to his place.
It is hard to divine the full extent of the EV’s plugging-in to other people’s pockets, but we can get a general idea:
Carbon credits – This is a payment made by a manufacturer of standard cars to the manufacturer of electric cars in order to avoid having to actually make electric cars. The buyer gets credit for not making them . . . in exchange for cash.
It is an extorted payment, made under duress, to comply with “zero emissions” production mandates, which require every company selling cars in that state to sell a certain number of “zero emissions” electric cars or else be denied permission to sell any cars whatsoever in that state.
California has had such a mandate in place for years and it has been used by Tesla to subsidize its otherwise not-viable business with the money earned by viable businesses. If the carbon credit system did not exist, Tesla would probably not exist – or would have folded years ago.
Sales of non-electric cars have been subsidizing the development of EVs via nonconsensual wealth transfers – which are fundamentally mo different than the way Obamacare mulcts the young, healthy and responsible for the benefit of the old, sick and irresponsible.