SACRAMENTO, CA—Gavin Newsom, governor of the state with the highest people-to-electricity ratio in the nation, banned gasoline cars yesterday via executive order. The order takes effect in 2035, meaning by that time, everyone in the state with no electricity will only be able to plug in their cars to the power grid that does not work.
Continue reading “State With No Electricity Orders Everyone To Drive Cars That Run On Electricity”
Chris’ note: We’re in the middle of a revolutionary trend…
As we’ve been showing you, the car industry is rapidly changing because of two growing technologies: electric vehicles (EVs) and self-driving cars.
EVs aren’t like traditional vehicles. They run on electricity instead of gasoline or diesel.
Not long ago, just a few hundred of these vehicles existed. Now, there are nearly 5.1 million EVs on the roads… and that number grows by the day.
And self-driving cars are only becoming more popular as well. By next year, estimates say there’ll be 10 million self-driving cars in use.
In short, these technologies are the future. Even our founder, Doug Casey, thinks so. And when Doug gets excited about something, I get him on the phone to find out why.
Read on to see what Doug has to say about this megatrend… and don’t miss tomorrow’s Dispatch, when Doug and I finish this important discussion…
Continue reading “Doug Casey on Electric and Self-Driving Vehicles, Part I”
Guest Post by Eric Peters
Electric cars are unforgiving things. If you forgot to plug in the night before – or just didn’t have time – they’ll make you pay for it . . . in time.
My 18-year-old non-electric truck is much more forgiving of my forgetting . . . to fill it up.
I was driving down to Lowes the other day – and from there to the coffee shop where I spend a few hours each day composing the rants – when I glanced at my fuel gauge and realized I was almost running on empty.
Guest Post by Eric Peters
There must be a rube in the House.
A recent Republican who does not understand how the game is played – much less why it is being played the way it is played. He and perhaps some of his fellows not-yet-initiated publicly wondered why the federal government is underwriting the sale of luxury-performance cars that happen to be electric.
It is a curious thing.
They suggested rescinding the $7,500 tax inducement which the government has been using to “help” electric car manufacturers like Tesla, which sell electric cars that start around $40,000 and which emphasize not economy but performance and style and technology.
Guest Post by Eric Peters
Whenever the government is rabidly enthusiastic about something you can be reasonably sure you shouldn’t be.
Electric cars are being pushed for all kinds of reasons, none of them beneficial to us. If that weren’t the case, then it wouldn’t be necessary to push (mandate, subsidize) electric cars. They would be embraced as naturally – as freely – as a better smartphone or more-delicious (and cheaper) hamburger.
Of course, it is necessary to push them. The why gets interesting.
One of the reasons for the electric car push has to do with their very high cost. Which – if electric cars are to become mass-market cars – necessarily entails more and higher debt for the average person.
Continue reading “Another Reason for the Electric Car Push?”