EV Bubble Popping… US backs away from forced EV sales targets
... The shift has been so fast the full length of the supply chain is in turmoil. The price of lithium has fallen 90% from it’s peak, nickel has halved. Ford has sacked 1,400 people. GM has cut its workforce by 1,000. Hertz is selling one third of it’s electric fleet and cancelling $3 billion dollars worth of forward orders. A month ago, the biggest political party in the EU decided it would rather drop the ban on petrol and diesel cars.
Meanwhile EV drivers in China are learning the same awful lessons the US learned a month ago. EV batteries don’t go as far during freezing cold weather and are extremely hard to charge. During the Lunar New Year holiday Chinese drivers have been forced to push their EV’s for miles in the snow, while traffic jams formed at charging stations. Drivers were so desperate they lit fires on roads to stay warm, rather than use their car heaters and drain the battery. EV’s were banned from the Hainan Ferry due to the fire risk. It must have been sudden. Some Chin
https://joannenova.com.au/2024/02/ev-bubble-popping-us-backs-away-from-forced-ev-sales-targets/
“Biggest Transnational Crime Group on Earth”: Why Canada Must Break Free From China
A group of top national security experts is sounding the alarm: Canada’s relationship with the Chinese Communist Party (CCP) has crossed from economic engagement into a full-blown democratic threat.
At a Dec. 6 forum in Toronto, former RCMP proceeds-of-crime director Garry Clement called the CCP “the biggest transnational organized crime group ever seen,” warning that Beijing is actively infiltrating Canada’s political, business, and cultural institutions. Through the United Front Work Department, the CCP co-opts elites, business leaders, community organizations, and media outlets—while intimidating and surveilling dissidents “on a daily basis.”
Clement also linked Beijing to the fentanyl crisis, saying the CCP could shut down precursor shipments to Canada “if they really wanted to,” but instead allows the flow as a form of “disruptive warfare,” echoing the tactics of the Opium Wars....
