Electric cars are coming; this much we know. After decades of promises, it seems like electric cars will finally be a reality. But it isn’t happening organically, or rather, due to consumer demand. Instead governments around the world are dolling out billions of dollars in low-interest loans and tax incentives to get people to buy electric cars. It is sort of like encouraging a kid to be nice by giving him candy.
However, a recent study by a collection of German environmental groups says that not only are the benefits of electric cars to the enviroment minimal, but the billions in incentives will “plunder treasuries” of governments worldwide. I wonder if pirates conducted the study?