Money Talks: Will the electric vehicle boom go bust?

<p>This month, California banned the sale of petrol cars by 2035. <a href="https://www.economist.com/the-economist-explains/2022/08/27/how-revolutionary-is-californias-ban-on-petrol-powered-cars?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">It could prompt</a> a third of American states to embrace electric vehicles more quickly. But America is a laggard when it comes to the EV revolution. The European Parliament <a href="https://www.economist.com/graphic-detail/2022/06/02/the-electric-vehicle-revolution-is-not-happening-fast-enough?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">voted in June</a> for a ban on sales of petrol and diesel cars by 2035. Japan and others are also aiming for a ban by 2035. But government efforts to encourage consumers to switch to buying electric cars could run into the reality that there isn’t yet enough capacity to manufacture the batteries necessary to power all those cars.&nbsp;</p><br><p>On this week’s episode, hosts Alice Fulwood, Soumaya Keynes and Mike Bird look at whether the EV boom <a href="https://www.economist.com/business/2022/08/14/could-the-ev-boom-run-out-of-juice-before-it-really-gets-going?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">could go bust before it gets going</a>. They’re joined by our industry editor Simon Wright who lays out <a href="https://www.economist.com/finance-and-economics/2022/08/18/how-to-encourage-electric-car-use?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_n