A tough month for EVs

The US oil and gas industry has good reasons to question heavy subsidization by the federal government of vehicles powered partly or wholly by electricity. Those reasons differ from the caricature reason given by pop commentators. In the caricature depiction, the industry opposes electric vehicles (EVs) to protect markets for oil products. That's nonsense. EVs won't displace enough traditional vehicles to seriously erode markets for gasoline and diesel for many years. They cost too much. The good reasons for the oil and gas industry to question subsidization of EVs are: 1. Motorists are the industry's customers, whose interests it should support, and 2. The industry's shareholders and wor...

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