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Economy/Business / Re: Biden Calls for Record-High Tax Rate, Just a Few Points Shy of 50%
« Last post by LMAO on April 28, 2024, 11:55:34 pm »The federal government could try cutting spending instead. Just a thought
ICEs didn't require any subsidies to effectively make horse-and-buggy obsolete within years, despite the fact that prior to the introduction of the Ford Model T there were few paved roads and few gas stations.
Numerous companies such as Green Bean battery company are popping up to rehab old batteries and resell them for a 1/4 of the cost of new. The free market is taking care of the battery problems.
I believe this is how Interstate battery company was started-rehabbing used batteries but it's been a while.
Only half of Teslas now use cobalt. The EV industry is getting away from Lithium and cobalt and or only using minimum amounts through innovation.
For example, the cobalt used in my iPhone is predominantly from recycled sources. The same cannot be said for your EV.
Biden probably still believes the current inflation is "transitory'
The Tesla Roadster already does 0-60 in 1.9 seconds. The next generation one is supposed to be 1.1 seconds. It probably can't do it many times before requiring a recharge...
because that EV will be worth nothing in a few years when the battery goes out of it.