WSJ: Volkswagen Hits the Net-Zero Wall

Sample quotes:

  • Germany’s auto industry is trapped in a vise between higher energy prices that drive up the cost of production, and electric-vehicle mandates that drive down sales.
  • Germany’s auto industry is trapped in a vise between higher energy prices that drive up the cost of production, and electric-vehicle mandates that drive down sales.
  • Politicians are forcing the companies to sell cars that consumers don’t want.* Europe’s auto-industry travails are painful evidence that net-zero climate policy is the worst act of economic masochism in the West since the 1930s. 

(*) A big part of the problem is cost. I'm a fun of VW's newest minivan, the ID.BUZZ, but the all wheel drive version starts at over $69,000!

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