Well, that didn’t take long, did it? I mean, I only started actively predicting a crash in the western world’s EV market late last year, and I’ve been skeptical about the tech’s potential all along, based on the fact that the industry still hasn’t solved the very same shortcomings and consumer concerns that caused it to crash 120 years ago. In 1901, electric cars outnumbered internal combustion cars by a wide margin. Within the next 5 years, the equation had reversed.
This isn’t anything new, and now, some legacy media outlets that have served as loyal boosters of this failing energy transition are starting to catch on.
The Times of London, one of the most shameless EV booster outlets, ran a story on Sunday headlined “The electric car crash will rival the dotcom bubble.”
That prediction could prove to be hyperbolic. Then again, maybe not.
