Loading ...“Record 7 million Americans are 3 months behind on car payments, a red flag for economy”
The electric cars are too expensive gobbling up investment cash with no breakeven price in sight .Mandating 100 % electric by any specific date is insanity…Its like passing a LAW outlawing Poverty,only idiots do that ! and thats whats getting elected to Congress these days. Its all headed for a crash ,nobody in middle class can afford to buy them.They are going head first into debt from which there will be NO recovery .Car batterys are not efficient enough yet to warrent going all in….Its all funded with debt,it dosent work on a sustainable basis at all..
Passing edits that require efficiency by date certain with out proof they can be met is causing MAL investment in unproven technology even with Government subsidies that throw money at a problem that shows NO promise of ever becoming a self sustaining industry without printing money and throwing it at the problem.Its the only industry that bets its FUTURE on Government subsidies forever …..Thats NUTS …Only the Government can afford to buy the CARS that the Government mandates…..Really ! The Government causes this problem that itself cant fix ….