Tesla may be synonymous with electric vehicles right now. But within a few years, GM, Volvo and many other manufacturers will be making mostly or only EVs, because they’re emission-free, climate-friendly, socially and ecologically responsible, and more affordable every year. Which explains why we need subsidies to persuade people to buy them, and mandates to force people to buy them.
President Biden wants all new light/medium-duty vehicles sold by 2035 to be EVs. Vice President Harris wants only ZEVs (zero emission vehicles) on America’s roads by 2045. Various states are considering or have already passed similar laws; some would even ban the sale of new gasoline and diesel vehicles by 2030. Climate Czar John Kerry will likely be happy to buy EVs to expand his fleet of twelve cars, two yachts, six houses, and the private jet he flies in to accept climate crusader awards.
AOC would use her Green New Deal to “massively” expand electric vehicle manufacturing and use. She herself now drives an EV, most likely a $48,000 Tesla Model 3 Long Range (350 miles per charge). Read more…..
Chart of the Day
Buffett & Gates on Success.