Earlier quoted context omitted.
Like in politics, voting with your wallet only works if alternatives are available.
It also implies that money is worth more above all else. What happens when every car company decides to follow this model because it looks great on the short term? Am I suppose to vote with my wallet and start a new car company single handedly? Well no. This is why we need to legislate these issues and concerns. Saying vote with your wallet is already a losing position, the corporations already have a much larger wal…
That's exactly what you're supposed to do, except probably not single-handedly. You're supposed to find investors with cash to burn, engineers who are frustrated with their big corp wage-slave jobs, and frustrated consumers and bring them together.
There's about 4300 EV startups funded in the last 15 years [1], and 27 have gone public or are in the process of going public via SPAC in the last year [2]. Some of them (eg. Nikola) don't even have the "hire qualified engineers" and "build a working product" part down and still managed to raise billions.
[1] https://tracxn.com/d/emerging-startups/electric-vehicles-sta...
[2] https://www.bloomberg.com/news/newsletters/2021-07-06/hyperd...