Stranded: The False Promise of Electric Cars

The more the state ‘plans,’” wrote Hayek, “the more difficult planning becomes for the individual.” This may resonate with the driver of an electric vehicle (EV) who has pulled up at a charging station in the middle of nowhere, only to find it broken.

In January last year, Carlos Tavares, the CEO of Stellantis, the world’s fifth-largest carmaker (it was formed by the merger of Fiat Chrysler and Peugeot), described electrification as “a technology chosen by politicians” and said it was “imposed” on the auto sector. By contrast, the triumph of the internal-combustion engine (ICE) over a century ago was organic. Human ingenuity and the power of markets led to a product that swept almost everything else off the road. EVs (which first had a moment around 1900) were not banned, and neither was the horse. In due course, ICE horseless carriages for the Astors were followed by the Model T and its kin. The automotive age had truly arrived…

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