Quote of the Day: On sports cars, subsidies and so-called sustainability [updated]

"The Tesla, in effect, is a beautifully engineered toy for the conspicuous-consumption market, accessible to millionaires but beyond the reach of the commercial market. Neither it nor most other electric vehicles have any place in a competitive, free-market environment. As an indication of how economically injurious these playthings are to society on the whole, the U.K.’s National Grid estimated that Britain would need to increase its peak generating capacity by 50 per cent to meet the government’s plans for electric vehicles, the equivalent of building 10 new nuclear plants.
      "The driver of the electric-vehicle industry — government fixation on global warming — has spurred even larger fake industries, led by wind turbines and solar photovoltaic cells. Neither they nor the many other anti-carbon inventions such as carbon sequestration plants are in any business sense ‘real.' The global renewable-energy industry, having squandered trillions of dollars building economically unjustifiable infrastructure, represents the greatest loss of wealth in the history of commerce….”
    ~ Lawrence Solomon, on ‘How Elon Musk Became the Master of Fake Business'

UPDATE: Commenter Mark T. tells me “the ‘10 new nuclear power stations was an extreme worst case scenario, and the mid-range estimate and most likely estimate was nowhere near that.”

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