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News Link • Transportation

Will This Megatrend Become a Government Tool?

• https://www.caseyresearch.com, By Jeff Brown

According to the Paris-based International Energy Agency, 125 million electric vehicles will be on the road by 2030. That's up from an estimated 3.1 million in 2017.

And according to a 2018 survey from the American Automobile Association, roughly 20% of Americans are considering going electric for their next car purchase.

The adoption of this technology has been aggressively pushed for by governments. In the U.S. alone, government subsidies for electric vehicles have been estimated to be as high as $20 billion.

But the push to migrate from internal combustion engine (ICE) vehicles to EVs isn't what most people think.

There's a deeper story there…

The most popular motivation used by both consumers and governments is a simple one: EVs are better for the environment. They produce less – or no – pollution.

Sadly, this is a logical fallacy.

Taken out of context, yes, EVs produce less pollution than ICE vehicles. Or do they?

The answer lies in a simple question that's rarely ever asked… Where does the electricity come from?

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