2015: VW DieselgateLarge-scale fraud as industrial policy and the consequences if it is discovered. German politicians have systematically created an environment in which Volkswagen thought it could get away with it.Estimates of the costs go up to 20 to 25 billion EUR. While Tesla is currently making a 6 billion investment to build a battery factory for 50 GWh annual battery production, Volkswagen is sinking several times that amount into the emissions fraud affair. The money could have been invested in 200 GWh battery factories. Enough for 3 million electric cars with a 50 kWh battery and 3 million plug-in hybrids with a 16 kWh battery. I am assuming realistic battery capacities here, not rolling waivers for electric cars and plug-in hybrids optimized for the standard consumption fraud formula.
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