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Government policy would cave-in if the private companies lacked innovation and told them it was impossible. You need existence proofs like Tesla, who are highly
by Aron 9y ago
Government policy would cave-in if the private companies lacked innovation and told them it was impossible. You need existence proofs like Tesla, who are highly leveraged to making EVs work and don't care a wit about preserving the old business.
- greglindahl 9y agoAs a concrete example, consider the government effort to shift ethanol-to-be-mixed-with-gasoline from food-based sources to non-food sources like switchgrass. No one figured out how to efficiently turn switchgrass into ethanol, so it failed. And that was despite a huge economic incentive. In contrast, the government effort to promote electric cars, solar energy, and wind energy appear to be really paying off.