Sound advice from a car guy. Big Green's EV crusade has gone too far too fast.
Money Wise (11/3/23) reports: "A former leader at three top U.S. automakers has shared his no-nonsense take on America’s attempt to transition to electric vehicles (EVs). Bob Lutz, former executive at General Motors, Ford and Chrysler, told businessman John Catsimatidis on a recent episode of the Cats Roundtable podcast: “The government fuel economy rules … are such that they basically cannot be met without broadscale electrification. What we’re seeing is electrification that could occur naturally, because there’s a lot to be said for electric vehicles, but right now, it’s being forced by governments for environmental reasons.' Lutz believes there’s not enough electricity-generating infrastructure in the U.S. to support President Joe Biden’s goal of having 50% of all new vehicle sales be electric by 2030. He also believes there’s simply not enough demand. 'The regulation is way ahead of the public,' he added. 'The American public is not ready for the broad adoption of electric vehicles. There are maybe 10%-12% of people who really want an electric vehicle — and that’s good — but the remainder still want internal combustion.'"
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“I have continued to say what I see as reality. If regulations are created based on ideals, it is regular users who are the ones who suffer.”
– Akio Toyoda,
Toyota Motor
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