By Duggan Flanakin ~
If you listen to the “woke” futurists, or even to the majority of auto companies pledging to stop manufacturing gasoline and diesel vehicles, it might be time to sell your auto stocks. Do you really think the U.S. is about to build 280 million electric vehicles to replace the 270 million internal combustion engine (ICE) vehicles that many states (and many countries, not to mention auto manufacturers) want to ban (from the highway not just from new sales) by 2030, 2040, or maybe 2049?
Forget if you will all the arguments about the massive amount of earth mining using slave labor those 270 million EVs will generate to acquire the cobalt, nickel, lithium, and other metals without which EVs cannot be built, much less operate. Forget the huge costs of expanding the electric grid to account for all of the electricity needed to move those vehicles…
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