For years, the Democrat party has incessantly pushed the green energy agenda, claiming it is necessary to save the planet. However, recent reports indicate that such aspirations are not aligning with reality.
Liberals have touted new technology such as wind farms, solar energy, and, perhaps the most popular talking point, the push to get consumers to switch to electric vehicles. Despite government subsidies and a progressive craze surrounding these green initiatives, they are failing to materialize.
Fox News reported on a variety of different offshore wind projects that have been canceled as they encounter financial obstacles. Wind energy initiatives from several companies across multiple states have been scrapped, painting a bleak outlook for the alternative form of energy.
Moreover, the electric vehicle market has seen a significant pullback, forcing many big auto manufacturers to revisit plans for their EV lineups. Despite government incentives and subsidies, consumer adoption of battery-based vehicles has been slower than anticipated.
For example, Ford Motor Company is forecasted to lose approximately $4.5 billion on its EV offerings for 2023, where the company is opting to pause further investment. Various other car companies are contending with similar circumstances in the tight, competitive market plagued with low consumer demand.
EVs are often sold at a premium to regular, gas-powered vehicles, causing some car buyers to steer clear amid the sustained impacts of high inflation over the past couple of years. Furthermore, questions regarding reliability and insufficient infrastructure could require significant lifestyle changes to own an electric vehicle.
Former Republican political aide and founder of ClimateDepot.com, Marc Morano, appeared on Fox News, where he spoke with host Jesse Watters on the collapsing green energy agenda. When asked by Watters if he foresaw the crumbling of green energy, he responded, “I hate to say I told you so. But absolutely.”
“So for decades, they kept coming up with the net zero the solar the wind mandates, the tax credits and subsidies. And it didn’t really it was small enough that it didn’t really affect the energy mix, or we weren’t feeling it, obviously enough. And all of this happened. The Inflation Reduction Act last year will everything collapsing on its own now you can no longer virtue signal this nonsense.”
Morano explained how Democrat-led initiatives, such as Biden’s Inflation Reduction Act and green economy causes, have entirely failed. The climate author also noted how such projects are continuously falling apart despite various government incentives, where renewable energy companies are having to be bailed out around the world.
“It’s no longer possible as you just laid out Jesse on every metric of Biden’s green energy agenda is in complete collapse. And this is a key part despite massive inflation Reduction Act so called subsidies, mandates tax credits. And I’m talking about not just now but many years in the future. And you’re right we look to Europe to see the future Germany already bailing out offshore wind, they’re already going to double down and start bailing off. A report came out and said we have to spend 75 trillion on this green changes and easier to transition your gender than energy going about it, it’s just not happening.”
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