https://www.zerohedge.com/markets/rising-cost-european-energy-makes-ev-battery-plants-unfeasible-vw-exec-says

and, ...
Recall, just days ago, we reported that the UK was looking to raise more tax revenue from electric vehicles, shattering the years-long assumption that if you contributed to "helping the environment" by buying an EV, you'd be entitled to subsidies and tax credits.

Now Japan's internal affairs ministry is reportedly weighing whether or not to raise taxes on electric vehicles in order to make up for a shortfall in income from taxes on traditional gas powered cars.

And so it's turning out that the economics of an industry pivot set into motion almost solely due to government subsidization may not entirely make sense. Who would have figured?

(What can go wrong with Biden's overnight tectonic shift out of oil?)