Collapse of the EV Market Shows That Government and Elected Officials Need to Stay Out of Running Businesses

Let’s face it. Most politicians are ignorant of the facts and they are no smarter than the average person. That’s showing itself these days as our politicians grapple with electric vehicles (EVs).

Some, maybe even most, elected officials think they become smarter after they are elected. Of course, they’re wrong. Take it from personal experience. As an elected official who faced term limits, I did not become smarter the longer I stayed in office. Thankfully, I was smart enough to reach out to as many people as possible to educate myself on whatever issues I faced.

The continued collapse of the EV car market–not to mention the obsessive idea that those vehicles will save the world–shows that politicians don’t have all the answers, no matter how long they have stayed in office.

Companies like Ford and GM have now come to realize that there will be a healthy market for Internal Combustion Engine (ICE) vehicles that rely on fossil fuels for the next 10-50 years.

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Of course, too many of our politicians don’t know this. Shame on our leaders and the board members of car companies who fell into the trap of thinking that government and elected officials know how to run a business. They don’t. Private enterprise is–as it has always been–far more effective when the politicians and officials stay out of it.

Government mandates should be challenged by businesses. Complying with the mandates often leads to failure.