Financial, Economic and Social Mood Update (March 1, 2019)
Financial, Economic and Social Mood Update (March 1, 2019) In February’s blog we discussed the fact that electric vehicle sales are set to increase at a very rapid pace due to worldwide governmental legislation and the related commitment from the motor vehicle (automotive) industry to reach this goal. Even if people from multiple sides of the political spectrum do not agree on the issue of “climate change” or “global warming,” everyone can agree that environmental pollution is serious enough to warrant a switch from the burning of fossil fuels (crude oil, natural gas and coal) to something much cleaner, safer, healthier, more environmentally responsible and ultimately more affordable – “green” energy sources and ultimately nuclear fusion energy (note – this is NOT nuclear fission energy). The US State of California has long led not just the USA but the entire world in legislation related to the environment and related to motor vehicle safety. In other words, what California has enacted into environmental and automotive industry law has eventually found its way to the rest of the USA and ultimately to the rest of the world. In spite of this progressive environmental and automotive safety trend, California will not (by its own admission) meet its environmental goals of reducing tailpipe emissions. Why is this so? Much of it has to do with the fact that California is home to very large metropolitan regions (Los Angeles – San Diego in the south and the San Francisco – San Jose / Silicon Valley in the north) where millions of people make long daily commutes to and from their homes and places of employment. In other words, far too many vehicles on road getting far too much daily use. Another issue (more in the rest of the USA compared to California) is the type…