Are Electric Cars Sales Slow Or Predictions Too High?
We Never Learn From Our Past Mistakes. No matter where and how you look at it, economic “experts” rarely hit it right. The last economic bubble drew very few warnings from the so-called economy experts. In fact, less than a handful were raising flags to no avail. Most experts derided those who cautioned the economy to slow down. Along the same vein, early predictions of electric car sales were very, very optimistic. After all, the U.S. was sobering out of an economic out of control party, facing a slump unlike any others it had seen in the past. All hopes went on the bubbling alternative energy vehicle market, focusing squarely on the electric car. The problem is the electric cars, and electric vehicles, EV in general are not meant to do everything for everyone.
Experts Optimistic. We should have learned our lessons by now. Economy experts have a poor track record. Most of the them get it wrong and count on consumer spending against any measured rationality. It happened when the electric car became more and more of a reality in 2008. The industry focused once more on the silver bullet type of approach. But there has never been a silver bullet for the economy. In the 70s, LNG was all the rage when we experienced our first petroleum shock. The 80s gave birth to CNG, then it was methane’s turn, and hydrogen and ethanol just gave its swan song. Each successive administration embarked on their pet energy program, dumping billions without any realistic goals.