WHY ELECTRIC VEHICLES ARE A BAD INVESTMENT - ABOUT THOSE BURNING CARGO SHIPS

As always, please do your own due diligence:

Amid tougher emissions regulations worldwide, established automakers are racing to add more electric vehicles to their lineup. A Reuters analysis found that global automakers such as Audi, BMW, Hyundai, Fiat, Volkswagen, GM, Ford, Nissan, Toyota, Daimler and Chrysler plan to spend a combined  $300 billion on EVs over the next decade. Most EVs will be manufactured in foreign countries far removed from American ports.

Today, there are over 50 million more automobiles manufactured annually outside the U.S than there were in 1950. China went from zero to 28 million, greater than the U.S. and Japan combined. India, Germany and South Korea went from obscurity to millions of vehicles annually. The foreign manufacturing dominance occurred over the last 69-year period.

Bringing those foreign-built cars to America may be an insurmountable insurance problem. The Felicity Ace, a 650-foot-long cargo ship carrying hundreds of millions of dollars worth of luxury cars, sunk in March 2022. The salvage crew working on the burning ship said EV batteries were part of the reason it was still aflame after several days. READ MORE AT https://www.washingtontimes.com/news/2022/mar/28/why-electric-vehicles-are-a-bad-investment/