Price Controls Stemming From ESG Mandates Are Destroying The Auto and Housing Sectors: Ford Motor halts shipments of all 2024 model F-150 Lightning electric pickup trucks – March 10, 2024

According to Reuters, “Ford halts shipments of new F-150 Lightning EVs”, the article goes on to state the following:

Ford Motor (F.N), opens new tab said on Friday it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an issue it did not specify.

Ford halts shipments of new F-150 Lightning EVs
| reuters.com

Although I’ll wait for Ford to specify before making my final conclusion, the conclusion most of us are coming to revolves around sales targets not being met. As I like to remind people, there are a lot of EXISTING price controls that predate, the Green New Deal-Environmental, social, and corporate governance (ESG) price controls.

The current method central planners are using to “save the planet” revolves around special interest groups attempting to fix prices and create an artificial demand.

The current EV model which is subject to FAR LEFT political mandates put in place STRICT regulations that must be adhered to which drive up production costs. Even when production of these EVs are sent offshore, tariffs and other taxes have to be paid, and then making matters worse, the current political strategy to drive down costs for EVs revolves around governments getting into more debt to finance what is currently a failing venture.

Some have argued that the Central Bank’s digital currencies will solve these pricing issues; the problem with the government having full control over the PRINTING of money is that inefficiency will accelerate as pricing models or the value of money will disintegrate. Venezuela, for example, has tried to allow the federal government complete control over the money supply, and the result was that the unproductive people were rewarded for being UNPRODUCTIVE, which makes productive people less productive.

The current financial model revolves around PRIVATE profit-driven banks, which only lend money to PROFITABLE business ventures. If a venture is not profitable, that venture will no longer receive capital from banks or private investors.

As I like to remind people, ESG is a form of Global Socialism or Globalism, and the track record for Global Socialism has failed countless times because it destroys the incentive motive. The problem with politics trying to solve problems, is that dep down, most people HATE POLITICS, what attracts most people to politics is that they can get something for nothing without baring any cost.

This is, of course, a pipe dream because rewarding bad behavior is the equivalent of BALING OUT WALL STREET. ESG is “bailing out Wall Street” on steroids’. Now that the public has gotten a taste of what EVs are all about, EVs have again returned to being a niche product. I also say this about housing: most local governments in Western countries have destroyed pricing fundamentals.

There are a lot of local regulations on housing which is creating shortages of BUSINESS people willing to rent or build housing for lower income people. This housing madness is purely a function of the government.

Owning a home in the Western world is a niche, most people should NOT be homeowners, because they’re irresponsible and have little to no interest in the upkeep of their house. If you go to most third world countries in which the government doesn’t have any money to build housing for the “poor” you’ll notice that lot of people are DISINTERESTED in fixing or maintaining their home.

Even in third world countries, a lot of people would rather PARTY, than fix up up their house. Owning a home is liability not an asset, owning a home is an asset if you have the mind of a business person. It’s usually a liability if you’re a short term thinker.

If this is flying over your head, don’t worry, it’s normal, because most people don’t think this deeply about PRICING and the damage government PRICE CONTROLS have on culture and quality of life.

Interesting times ahead