Friday , March 22 2019
Home / LewRockwell / The Real Killers

The Real Killers

Summary:
Back in the ‘90s, a movie came out accusing GM of killing the electric car. The movie was wrong. The real killer wasn’t GM. It was a tag team of the market – and the government. One of those killers was innocent. The other is still at large. The market killed off the GM EV1 – the electric car that was the subject of the movie – because it was still allowed to work back then. It was a mercy killing.  Justifiable homicide. There weren’t any “zero emissions” mandates or carbon credits back in the mid-’90s and while CAFE – the government’s fuel economy edicts – did exist, back then it was only 27-something miles-per-gallon and so it wasn’t yet necessary to build EVs as compliance cars, just to even out the MPG math (as it is now;

Topics:
Eric Peters considers the following as important:

This could be interesting, too:

Thorsten Polleit writes Central Banks Are Messing with Your Head

Bradley Thomas writes Capitalism Turns Luxuries Into Necessities

Ryan McMaken writes Australia’s Gun Laws and Homicide: Correlation Isn’t Causation

George Reisman writes Classical Economics vs. The Exploitation Theory

Back in the ‘90s, a movie came out accusing GM of killing the electric car. The movie was wrong. The real killer wasn’t GM.

It was a tag team of the market – and the government. One of those killers was innocent.

The other is still at large.

The market killed off the GM EV1 – the electric car that was the subject of the movie – because it was still allowed to work back then. It was a mercy killing.

Justifiable homicide.

There weren’t any “zero emissions” mandates or carbon credits back in the mid-’90s and while CAFE – the government’s fuel economy edicts – did exist, back then it was only 27-something miles-per-gallon and so it wasn’t yet necessary to build EVs as compliance cars, just to even out the MPG math (as it is now; this is one of the non-market mechanisms being used to nudge EVs onto the market).

So the EV1 had to stand on its own two bowed and rickety legs – and of course, couldn’t. As today, it was much too expensive ($35,000 in mid-1990s dollars) to make any kind of economic sense and didn’t go very far and took forever to recharge before you could go not-far again.

Which didn’t make sense generally.

GM tried give-away leases but that was just the problem. The only way to get people into an EV1 was to basically give it to them. GM may be evil but it can’t stay in business that way. So it gave up, recalled the EV1s in circulation ad crushed most of them. That’s what car companies often do with inventory that  would otherwise collect dust and possibly create liability concerns for them

They kept a couple for the museum.

Hardly a conspiracy. Just a market failure.

But there is a villain in this story – and his name is Uncle. He committed two heinous crimes, for which he deserves to be frog-marched to the dock, tried, convicted and (cue Judge Alvin Valkenheiser from Nothing But Trouble) sent for a ride on Mr. Bone Stripper.

Eric Peters
Eric Peters is a freelance car/bike/political columnist. He escaped the corporate-owned media Big Boys years ago. Without the censorship of the corporate tools

Leave a Reply

Your email address will not be published. Required fields are marked *