With the recent UN Climate Change report, the crazy share price of Tesla and just the general acceleration of electric car production. Has a tipping point been reached in wealthy countries where gas guzzling vehicles will quickly be phased out over the next 10 years as opposed to maybe a 20-30 year timeline that most of us would previously have predicted.
It might not be the most scientific method but I have a curious observation from the last few years. When I visited Scottsdale for the Fastlane summit in February 2020 there were Tesla's everywhere. This was an unusual sight for me as I had only ever seen one in my native country Ireland. Fast forward to August 2021 and my middle class not super wealthy city is awash with them. I see 10+ every single day now. Taxi's are all beginning to change over to electric VW's/Mercedes's.
I know many years ago there was stubborn reactions to threads here on the forums about electric vehicles as they were ugly, had low range and took ages to charge. A lot of these problems are being phased out and previous staunch critics have begun to be swayed. People who are on video saying they would never drive an electric car over their dead body are now warming up to it as the electric vehicles become genuinely impressive.
What will be the implications of this?
- Cheaper taxi fares
- Eventually phaseout of taxi drivers as the cars drive themselves
- Rural bars revival as a combination of cheaper taxi fares and self driving cars make it safe, convenient and financially easy to get home
- Death of some businesses that rely on commuters. i.e Gas stations or possibly a reworking of their present business model. A reduction in their numbers.
- Less reliance on the middle east for oil. In turn reducing the oil prices and turning a lot of wealthy countries back into their previous poor states.
- Reduction in influence of other countries that were previously big players because of oil i.e Russia
- Massive recycling solutions needed for the batteries of these electric cars once they reach end of their lifespan.
I know myself, for the last few years I didn't care too much about what was going on with the environment but the recent changes are pretty shocking. For the first time ever I am considering what drastic changes I personally can make to stop contributing to the problem. I also want to reward companies that act to solve this instead of financially incentivizing polluters by continuing to use their products. I would like to purchase an electric vehicle but I think it's still a year or two away from me financially. I could go out and buy one now but it would set my business back which wouldn't be helpful. I also think the price of those vehicles will continue to drop as they are mass produced.
It might not be the most scientific method but I have a curious observation from the last few years. When I visited Scottsdale for the Fastlane summit in February 2020 there were Tesla's everywhere. This was an unusual sight for me as I had only ever seen one in my native country Ireland. Fast forward to August 2021 and my middle class not super wealthy city is awash with them. I see 10+ every single day now. Taxi's are all beginning to change over to electric VW's/Mercedes's.
I know many years ago there was stubborn reactions to threads here on the forums about electric vehicles as they were ugly, had low range and took ages to charge. A lot of these problems are being phased out and previous staunch critics have begun to be swayed. People who are on video saying they would never drive an electric car over their dead body are now warming up to it as the electric vehicles become genuinely impressive.
What will be the implications of this?
- Cheaper taxi fares
- Eventually phaseout of taxi drivers as the cars drive themselves
- Rural bars revival as a combination of cheaper taxi fares and self driving cars make it safe, convenient and financially easy to get home
- Death of some businesses that rely on commuters. i.e Gas stations or possibly a reworking of their present business model. A reduction in their numbers.
- Less reliance on the middle east for oil. In turn reducing the oil prices and turning a lot of wealthy countries back into their previous poor states.
- Reduction in influence of other countries that were previously big players because of oil i.e Russia
- Massive recycling solutions needed for the batteries of these electric cars once they reach end of their lifespan.
I know myself, for the last few years I didn't care too much about what was going on with the environment but the recent changes are pretty shocking. For the first time ever I am considering what drastic changes I personally can make to stop contributing to the problem. I also want to reward companies that act to solve this instead of financially incentivizing polluters by continuing to use their products. I would like to purchase an electric vehicle but I think it's still a year or two away from me financially. I could go out and buy one now but it would set my business back which wouldn't be helpful. I also think the price of those vehicles will continue to drop as they are mass produced.
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