Exactly right. The smart guys I love to learn about economics make a very good point about how this all distorts the price signals from the market. The market might not want EV's, but then rebates give a false sense of demand. When they drop interest rates, this distorts the true price of money. Everything is fucked up these days. The government has moved towards managing the entire economy, and that never ends well.
Cryptocurrency makes up to 0,5% of world money supply while consuming about the same % of world energy production.