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| Peak EV: Electric Vehicles Will Fade As Their True Costs Become Clear |
| 2023-04-15 |
| [ZERO] "On Wednesday, the Environmental Protection Agency plans to announce tough new tailpipe emission standards designed to effectively force the auto industry to phase out the sale of gas-powered cars," reports The Verge, with the provocative headline "The End Is Nigh for Gas-Powered Cars." Environmental, social, and corporate governance (ESG) is the newest religion, and we all know who the practitioners are. Electric vehicle (EV) owners sing "Hallelujah" when they pull out of their garages. The investor-class ESG evangelists believe the new belief is in its beginnings. Whatever the Biden EPA does, investor Harris Kupperman thinks it’s likely just the Church of What’s Happening Now. Kupperman, referred to as Kuppy by Real Vision’s Maggie Lake, told her, "Well, I think we’re nearing peak ESG, which is probably a good thing, honestly." He explained, And it’s like religions kind of come, they peak, they die out. No one practices Roman religions anymore. I can name three of the gods and I’m a Roman history major. These things, they peak, they crest, and this little religion of ESG, it’s been around for a while. It peaked. And now there’ll be some die hard adherence, but I think the vast majority of investors want to make money. And it’s great if they’re doing something that has a social good, but most of them just want to save for their retirement. As to all those fancy Teslas silently cutting you off in traffic, their drivers teeming with superiority, thinking they are saving the planet, Kuppy sees them going the way of T. rex. "No. I think EV is going to be something you’re going to go to a museum with my kids and be like, wow, that was an evolutionary dead end and we always [waste] trillions of dollars on this. No, I think that there’s no future to EV." "Really, why?" an aghast Lake wondered. Next, Kuppy comes with the hard facts amateur environmentalists and government enforcers don’t consider. Because it [the EV] destroys energy. You have this concept called EROI, which is the return on energy you put in. An EV, you put more energy in than you get out. And so as a result, it’s just like a thermodynamic rule—it won’t work unless you subsidize it. What’s the reason for EVs? It’s because it supposedly produces less carbon. But through the full life cycle of owning an EV, because so much carbon has to go into the stupid thing, it doesn’t use less carbon. You’re better off having a gas guzzler. Yikes. Maybe EV owners are not as heroic as they believe. |
| Posted by:Besoeker |
| #17 |
| Posted by: M. Murcek 2023-04-15 14:36 |
| #16 And then wait for the states - especially CA and NY - to enact laws on disposal Both are dependent upon ocean dumping of their disposables. |
| Posted by: Skidmark 2023-04-15 14:33 |
| #15 #2 This says it all; Back in the day things were simpler and I'd stay. |
| Posted by: Dale 2023-04-15 12:53 |
| #14 And the IC vehicles not cashed for clunkers won't start because the software for the mandated alcohol sensor is no longer supported. Ooops! Ooopsies! Because it [the EV] destroys energy. You have this concept called EROI, which is the return on energy you put in. An EV, you put more energy in than you get out. And so as a result, it’s just like a thermodynamic rule—it won’t work unless you subsidize it. *bangs head on desk* And the same MFrs complaining about apple batteries going bad too soon, just a couple years ago, are like yeah EVs its fine. |
| Posted by: swksvolFF 2023-04-15 11:59 |
| #13 We can only hope. |
| Posted by: 49 Pan 2023-04-15 11:54 |
| #12 EV's Not-so-little Dirty Secret(s) |
| Posted by: DarthVader 2023-04-15 10:26 |
| #11 /\...Wait until they need to airdrop bicycle rickshaws (made in India or Chine and priority airshipped here) in the disaster area for ambulance work. (/sarc) |
| Posted by: magpie 2023-04-15 09:49 |
| #10 To add to #5's list: Wait until the first major disaster that knocks out regional power for days and weeks. The armed forces can truck in whatever is the 'fuel de jour' for their vehicle fleet but the rest of the population (including local infrastructure) is screwed. |
| Posted by: magpie 2023-04-15 09:47 |
| #9 Indeed, we will all wait to discover the true cost. Too late then as there will be no alternative bbut pack animals and steam as per design. Forget about alternative imports. Only a few will be allowed to trickle in but those will go to the ruling class as they can't be bothered to live under the rules they've set for the rest of us. |
| Posted by: Rex Mundi 2023-04-15 09:45 |
| #8 Yeah, EV's are sooooooo popular that the Feds had to offer $7,500 to get one. Of course, the EV makers would never raise prices...(kind of like guaranteed student loans vis-a-vis tuitions and raising the minimum wage). How many miles of copper wiring are in these EV's, by the way? ESG and "climate change" is definitely the new religion; well, besides covid and Saint Fauci. |
| Posted by: DooDahMan 2023-04-15 09:31 |
| #7 Separate paperless billing coming soon. We'll read the meters from the street. Multiple meter volume discounts apply. |
| Posted by: Besoeker 2023-04-15 08:39 |
| #6 ...Wait till the dealers find out how much it costs and how few they're going to sell. And then wait for the states - especially CA and NY - to enact laws on disposal and handling of batteries. You think paying extra to dispose of your tires sucks? Wait till they start adding a 15-20% fee for battery disposal at the point of sale and then added into your yearly license and registration every year. And don't get me started on the increases in insurance. Oh, and the new user fees on EVs will be comedy gold as well. Just because you're using electricity doesn't mean you're going to stop paying for the roads. A mileage tax makes the most sense and is the least intrusive, but 'sense' and 'least intrusive' are two concepts most governments aren't real clear on. And then the utilities will get in on the act, with 'high demand' usage and special fees for charging stations, not to mention what they're gonna charge for new generating capability. Like I've always said: if you think driving with gas is expensive now, wait till you see how much it costs to drive when you don't use it anymore. Mike |
| Posted by: Mike Kozlowski 2023-04-15 08:31 |
| #5 Thought that was Camilla? |
| Posted by: Skidmark 2023-04-15 07:01 |
| #4 /\ But I thought he and Victoria Nuland hated gas pipelines ? |
| Posted by: Besoeker 2023-04-15 06:48 |
| #3 Preparing for the move to LNG when EVs expire? Biden admin approves massive gas pipeline project in huge blow to climate activists |
| Posted by: Skidmark 2023-04-15 06:45 |
| #2 I'd be happy with a mule. Until you actually have a mule. |
| Posted by: Skidmark 2023-04-15 06:17 |
| #1 As auto manufacturers fade away Japan has planned for a brighter future. They will continue to produce gas, hybrid, Hydrogen, Diesel, and whatever to satisfy markets. Poor countries, wealthy countries , authoritarian all require different modes of transportation. I'd be happy with a mule. |
| Posted by: Dale 2023-04-15 03:34 |