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Biggest driver of inflation
The WH says the Ukraine War. And Joey says this is all good in the end as it will usher in renewable energy and EV’s. But it’s not on purpose.
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EV's are nice and all, but the EV equivalent to the vehicle I'm taking delivery of this week doesn't exist as of today, and when it does in 1 year it will start at a 50% premium over what I'm paying for the ICE equivalent. EV's are nowhere close to becoming mainstream for all.
I wonder how those EV harvesters and farm equipment are doing?
https://www.seattletimes.com/seattle-news/environment/new-state-federal-report-puts-10-27-billion-price-tag-on-lower-snake-river-dam-removal/
Now having said that I don't think the cost is even close to worth it as it would cost trillions, but if that is their goal, that's where they should start and it would work... the pocketbook would suck for a few years though.
For the US to build something like this government would have to get the fuck out of the way. The California bullet train is a poster child for shitty government projects. They pay 10x more for it and it sucks if it ever even gets done. Last time I heard Portland light rail now costs about 200 million/mile to build.