All these EVs and no one to buy them.
Yahoo Finance (12/18/23) reports: "Audi will hit the brakes on its rollout of electric car models as consumer enthusiasm wanes in the face of high prices compared to petrol models. Gernot Döllner, the boss of the Volkswagen-owned brand, said that he wants to avoid flooding dealerships and factories with the vehicles as sales slow. 'The advantage of EVs (electric vehicles) is becoming visible to consumers step by step,' Mr Döllner told Bloomberg News. Official forecasts for electric car take-up in the UK were slashed by almost half last month. Sales of new battery-powered cars were expected to grow steadily until they accounted for 67pc of the market by 2027, under a prediction issued in March. But that figure has now been revised down to just 38pc by the Office for Budget Responsibility (OBR), which said the take-up of EVs has been slowing. Mr Döllner, who was an executive at upmarket stablemate Porsche, was hired in the summer to reinvigorate the mid-market brand, on which Volkswagen relies for a large chunk of its profits...It comes as electric car sales fell by the most on record last month following Prime Minister Rishi Sunak’s climbdown on banning petrol models."
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"The Biden administration’s hostility toward the oil and gas industry, both in rhetoric and policy, is welldocumented. The Institute for Energy Research has chronicled dozens of actions and orders by the Biden administration that have blocked or created financial disincentives for drilling."
– Stephen Moore,
Committee to Unleash Prosperity
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