We must always be wary when politicians pride themselves on industrial strategy.
Especially when it ignores all expertise, to build itself on ideology alone.
The French nuclear disaster, sacrificed on the altar of militant environmentalism, could, it was thought, serve as a lesson.
However, the same experience is taking place before our eyes with the automotive sector.
In their frantic quest to green the economy, European governments decided two years ago to ban the sale of combustion engines from 2035, to replace the entire fleet with electric vehicles.
The sky then fell on the heads of the builders, who offered another common-sense solution: “
Impose a decarbonization regulatory framework on us, we will determine ourselves the best industrial strategy to respect it and the cows will be well looked after
.”
The big leap into all-electric is dizzying today.
Extraction of rare metals…
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