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TM - The Great Electric Car 'Zero Emissions' Boondoggle
Toyota Motor Corporation
Although not directly concerned with investment, this article should be of interest to all long-term investors in the auto business, including Ford (F), General Motors (GM), Fiat-Chrysler (FCAU), Toyota Motor (TM), Renault (RNSDF), Peugeot (PEUGF) and Volkswagen (VWAGY), but especially those who are investing in electric car companies such as Tesla (TSLA) under the mistaken impression that they are somehow supporting sustainable transportation.
Governments have been promoting electric cars as a means of reducing greenhouse gas emissions and averting