#MrMarket: Why the consumers are always right about EVs and cupcakes. Shrinkflation and the Debt. Veronique de Rugy, Mercatus Center, George Mason University
The John Batchelor Show
John Batchelor
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🗓️ 16 February 2024
⏱️ 9 minutes
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Summary
#MrMarket: Why the consumers are always right about EVs and cupcakes. Shrinkflation and the Debt. Veronique de Rugy, Mercatus Center, George Mason University
https://www.nationalreview.com/corner/ignore-consumers-at-your-own-risk/
1953 Paris
Transcript
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| 0:00.0 | Book your ticket to happiness with Sun Express Airlines. This is C. B. the world. I'm John Bachelor. The Electric Vehicle. There is talk everywhere that the electric vehicle demand has dimmed. |
| 0:34.0 | Suddenly, over the last six months, says the Wall Street Journal. |
| 0:38.0 | Now, I watch Tesla's in the part of rural Connecticut where I get to watch and they're prominent black and red and blue. |
| 0:47.0 | I do not see other EVs however so I puzzled where's Ford |
| 0:52.0 | where's General Motors where Where's BMW? They all have the electric |
| 0:56.0 | vehicles. Where's Volvo? I learned now that the |
| 1:00.0 | consumer suddenly pulled up, pulled back. |
| 1:02.8 | What does this teach us about how to adjust government policies which recommend EVs |
| 1:09.9 | for the consumer that has to pay for them. |
| 1:13.2 | I welcome Verenek to Regi of the Mercata Center |
| 1:17.1 | who explains this in terms of anchovy and marshmallow cupcakes. |
| 1:23.0 | Vernica, very good evening to you. |
| 1:25.0 | What does that teach us, that cupcake, about the EV pullback? |
| 1:29.3 | Good evening to you. |
| 1:30.8 | Good evening. |
| 1:32.0 | Well, so I wrote this blog post that after I read a story in the |
| 1:36.4 | Wall Street Journal about how after all the subsidies and all all the |
| 1:41.8 | hype about |
| 1:44.0 | about building EVs and shifting production and profits |
| 1:50.0 | away from regular cars to EVs. |
| 1:53.2 | There was a one small problem with that whole |
| 1:56.8 | a hike and that was consumers. |
... |
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