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The auto industry is full of people getting a cut of the automotive dollar. EVs threaten that. By switching to EVs, you cut out the oil industry and most of the
by rickydroll 2y ago
The auto industry is full of people getting a cut of the automotive dollar. EVs threaten that. By switching to EVs, you cut out the oil industry and most of the auto parts industry. States lose gas tax revenue, and automotive and oil jobs shrink. Most importantly, dividends to shareholders shrink.
EVs will become more accepted if and only if we can increase the number of rent-seeking points where the finance industry can convert the EV dollar into stock dividends. Once that happens, magically, all the EV objections will go away.
- HeatrayEnjoyer 2y ago...electric vehicles still have parts. Only 10% of a car is its powerplant. Steering, braking, holding humans, and keeping them comfy and safe, are not going anywhere. They also introduce new and very dangerous parts that demand a high dollar and specialized maintenance.