If you want to see America's future as it pertains to electric vehicles, look to the east.

Hi, I'm Scott Ott with Bill Whittle and Stephen Green. This episode of Right Angles brought to you by the

members at Bill Whittle.com. And gentlemen, I saw a story today. I believe it was in the Wall Street

Journal, but I may be mistaken about that, about the problems with electric vehicles in China.

And those problems are that inventory continues to grow as subsidies from the government to buy those cars are slashed,

and people are not buying them. They are, at the same time, the government is mandating

that companies make them and increase

production of them.

And I just thought, gentlemen, that it was a perfect picture of this issue that we're

constantly talking about when it comes to free markets and government interference in those

free markets that usually come in one of two major forms.

One is mandates to do something. In this case, in one of two major forms.

One is mandates to do something.

In this case, in China, it's production of more electric vehicles.

And the other is subsidies designed to induce you to do something, in this case, to buy more electric vehicles.

And in both cases, they're finding that that is running into a brick wall.

And we're seeing some of the same early signs here in the United States.

Tesla has had to reduce pricing on some of its vehicles.

And the Wall Street Journal board is forecasting that the same thing that's happening there is going to happen here, but guess who's going to pay for it?

People who buy gasoline-powered vehicles in the United States, because the companies, the big three primarily and others that also produce gasoline power vehicles have to make up their losses on the electric vehicles in some way. And so that means higher prices for the kind of cars that most people want to buy.

Stephen Green, I don't know that there is a more vivid way of explaining to people how this

system works. Because in general, Steve, I think people say,

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