Monday, November 7, 2016

EV Corridor Announced For America-- November 6, 2016

Link here. Data points:
  • fifteen states won't be part of the "federal corridor"
  • $4.5 billion in guaranteed loans
  • for folks willing to build chargers that will charge an EV up to 80% in "about" 30 minutes
Am I missing something? $4.5 billion for a federal program like this? In a country already with $19 trillion in debt, it seems they could have "allocated' $10 billion in guaranteed loans and included all 50 states, DC, and Puerto Rico? Warren Buffett's Berkshire Hathaway closed the third quarter with $85 billion in cash. $4.5 billion seems such a pittance for such an important initiative.

This is just guaranteed loans. It's not a real expenditure.

Let's see, $19,000,000,000,000.

Or $19,004,500,000,000.

0.02% of the deficit. And the $4.5 billion would be spread out over many years, and again, just loans.

By the way, this new initiative pretty much tells me all that "concern" in Washington, DC, about the crumbling infrastructure across entire US is a bit of hyperbole. $4.5 billion for automobiles that represent less than 1% of cars sold, and most of which are sold on the west coast, tells me where the real interest is. In addition, those EVs running on coal energy won't be paying gasoline taxes to support the highways they are using.

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