Saturday, September 3, 2022

"New California Bill Will Pay Residents $1,000 for Not Owning a Car"

This ties in to our operating thesis that the goal is not to replace internal combustion engine vehicles but to herd people to public transit:

I am getting the same vibe I get when talking with a very clever rhetorician or
playing chess with someone much better than I, that somehow my options are
being circumscribed, in ways and for purposes that I don't quite understand.

"Environmentalists Have Turned On The Lithium Industry"

From Jalopnik, September 2:

For California, less cars and public transit equals less emissions. Except the state is known for its lousy public transit.

California state officials are doing everything they can to bring down the state’s emissions, even though the grid isn’t quite up to the task of handling all those EVs. On Wednesday, state officials took things a step further and passing a bill that would give a tax credit to income-challenged residents who don’t own cars, the Washington Post reports.

The bill essentially incentivizes not owning a vehicle, by providing a $1,000 tax credit for single filers making up to $40,000 per year; $60,000 for joint filers. While it looks good on paper for residents, it doesn’t come across that way once you hear that this incentive is a very scaled-back version of what was originally proposed....

....MUCH MORE

As noted a week ago in the outro from ""Tesla’s battery metals bill balloons to $100 billion" (TSLA)

....Unless there are some significant breakthroughs in battery chemistry, manufacturing and materials sourcing, it looks as if California will be known as the "Walking State" in addition to the current moniker "The Brownout State."