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Environment/EnergyFeaturedAn Oversupply Of EV’s From Foreign Manufacturers And A Lack Of Demand May Be A Financial Shock To The World
Liability exposure to transport EV’s via cargo ships from countries far removed from American ports, could be an economic disaster in the works.
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The U.S. desperately needs more fossil fuels to address rising prices, shortages, and Russian aggression in Europe. But rather than encourage the development of domestic sources, foreign supplies from hostile regimes in places like Venezuela and Iran are pursued.
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EVs are still a luxury product that attract the Benz and Beemer crowd, not low- and middle-income consumers.
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Tesla reported second quarter results earlier this month. Despite losing $718 million during the quarter, Tesla shares rose 16 percent on renewed promises of profitability.
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Climate ChangeEnvironment/EnergyGermany, Australia Take Opposing Lessons from Climate Policy Experience
The German and Australian governments have taken different lessons from their respective embraces of renewable power in the fight against global warming.
