Now, we've got nothing against EVs; they're forever improving and are a marvel of innovation and capitalism. After all, the automotive manufacturing industry in North Korea doesn't produce a single EV. But given the nature of the automotive market, we've got to be very careful about interventions and unintended consequences on supply and wholesale pricing, not to mention the lack of fairness in making the less fortunate subsidise other people's fancy cars. Even Elon Musk, the founder of Tesla—speaking of fancy cars—has spoken out against subsidies and their propensity for creating false prices in the market. 