When Exxon Mobil moved to Texas (after jumping ship from NYC to Virginia), their acquisitions have been much more narrowly focused on E&P, or extensions of existing biz, previously they had purchased Container Corp of America, Montgomery Ward and Reliance Electric!
https://www.un.org/en/climatechange/reports
After 2800 pages you do not want anymore buy heavy cars...being electric or not.
After 2800 pages you do not want anymore buy heavy cars...being electric or not.
While Tesla is riding high right now with their 1000HP "Plaid" electric rocket-ship, it is likely it will "all fall down". It's happened before...the 1970 400+ HP Boss 429 Ford Mustang in four short years became the small 88 HP four-cylinder Mustang II. Power consumed along a simulated "track" with these electrics could form as a regulation, a limit of power production, this could could strike a death Knell to Tesla. Tesla knew of course of this intrinsic "need for speed" & played this hand quite well.
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Someone ripping around in their Tesla dawn to dusk & visiting a supercharger station twice in one day is no different than the Corvette guy topping off his gas-tank in the middle of the afternoon after a day of entertaining himself.
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With the loss of the car carrier Felicity Ace that sunk near the Azores, the ship chocked full of electric cars, insurers are eying electrics with suspicion. "Scorched cars burn insurers facing higher risks from electric vehicle transport" spglobal.com
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........................................................................................................Rick...
I'm guessing we're more likely to see legislation responding to a rash of "unintended acceleration" crashes. Many EVs are capable of supercar 0-60 times; imagine millions of them in the hands of distracted or impaired drivers. Hopefully "driver assistance" features will stop them crashing through cinderblock parkade walls or storefronts. Or perhaps a responsible government would decide that equal access to EVs means rationing the limited battery production capacity. You could build 10 practical commuter cars or 100 e-bikes with the batteries from a single electric pickup.
The property casualty insurance carriers are going to see their expense ratios skyrocket like they did in the late 1970's.