Just in: capitalism continues to be shit
Celebrated greed will be our end.
The kick is there is a large voting block who thinks we aren’t being greedy enough.
This shit actually hurts my soul. This is the type of shit as to why we might not make it. We have the technology to mitigate climate change yet we don’t because those in power don’t want to see their power decrease. It’s a serious reason why we might not make it. How do we even begin to take direct action? I really have no clue, this entire planet, life as we know it, is entirely fucked if we don’t do something soon. The US government gave billions to implement charging infrastructure and the corps did jack SHIT with it, the government has become the corps fuck pig, bent over dishing out money while getting fucked.
Might not make it? Sorry man we’re literally looking down the barrel of end times.
Human greed can only be stopped when the earth has nothing left to give.
This is the reality we all exist in and 99% of us are powerless to change it, unless we all collectively agree to (spoiler we’re not gunna).
It only takes 1/4 of a population to effect change.
Yay but seriously 0.25 aren’t rising up anytime soon either.
Don’t lose hope, otherwise, they’ve already won.
Nah, we’re not powerless, and we don’t all have to collectively agree. We have so many technologies that have been developed over the past several decades that can help solve this problem. Change is constant, this kind of shit is just another bump in the road.
Oh sweet summer child…
Why are you doing this?
Because they’d rather live their life believing they couldn’t change anything than believe they had a chance to change something and missed it.
Shit no dawg. We’ve had loads of chances to fix it, but one half of the political divide actually wants to end the world so they can get raptured and shit cuz they only believe lies. Most of the population is just people doing what they’re supposed to and assuming others are doing the same. Apologies for not joining a radical cell and blowing shit up i guess… short of that, i mean, you can’t even talk about killing the people who need killing in any public forum let alone make a plan for it, and actually doing it would require, you know, snipers and shit, so…
I mean, you’re probably American. Y’all the ones with weapons out the wazoo. If that were useful, somebody would have paired up and done something about it by now. Obviously it’s not, which is good news, cuz it means you can put all that gung-ho rhetoric away and join the rest of us, but i mean yeesh, that was a lot of sound and fury just to signify nothing, nawm sayin?
Is there a number on the break even point where it’s better for the environment to buy a new EV than to keep driving an old ICE vehicle? I bike most days when I don’t need to buy more than a backpack of groceries or go more than 3 miles. Surely when you consider the carbon cost of refining materials and constructing a whole new vehicle, it doesn’t make sense in most situations for people who drive less than 30 minutes a day on average. This is of course assuming you have a current vehicle, new vehicles should have to be hybrid/EV in the modern era.
It’s not a might at this point.
bro we’re so far past this lol
it’s been too late for probably a decade now, get ready to starve cuz there’s only a couple years left
Sabotaged, or just efficiently increasing shareholder value. It’s called “Fiduciary Responsibility”.
I am constantly baffled how refusing to futute-proof the company meets the definition of “fiduciary responsibility”.
“Let’s spike today’s profits by destroying tomorrow’s profits” doesn’t seem very responsible to me.
The desires of private shareholders, which have exclusively become “give me more NOW!” are wholly incompatible with the long term needs of our species, such as homeostasis with our sole shared COMMUNal habitat. The private shareholders that dictate how our economy runs through their captured governments literally only care as far out as their next quarterly earnings/ego score report, the planet can explode beyond that as far as they’re concerned, and my pet theory is that the wealth class is so egotistical, living like Pharoahs as others suffer and still needing mooaaaaaaar, that they kind of want the world to end after they’re gone, as they were the only point of it ever existing from their perspective.
Our species only pays lip service to the second, because many to most of us have been successfully propagandized to believe in the lie that we may one day be in the irresponsible sociopath hoarder con-man class, whether through lottery or not buying lattes, lol. And heaven forbid we kneecap the gluttonous, destructive lifestyle we delude ourselves we’ll one day have with… barf… responsibilities towards the societies that facilitated such unethical levels of antisocial wealth hoarding to begin with. Punching down looks fun amirite?
Basically the self-inflicted doom of our species that we’re sleep walking towards can be boiled down to this meme:
the same reason that you’re better off taking the lump sum vs the 30 year pay out if you win the lottery.
money today that i can use today is worth more than money tomorrow.
and money today that i invest now, will be worth a lot more than money tomorrow that i can’t invest and get interest on
it’s not responsible in terms of my company lasting a long time… but it’s responsible in terms of profit.
the same reason that you’re better off taking the lump sum vs the 30 year pay out if you win the lottery.
money today that i can use today is worth more than money tomorrow.
You might be theoretically better off in an ideal outcome, but I’m pretty sure taking the 30 year payout is the generally recommended option. If I were to win the Mega Millions at the current level, I would need to make investments that paid $96,244,081 over 30 years just to equal the tax savings of taking the annuity versus the lump sum payment. That works out to a 3.1% return on the initial lump sum, every year, 30 years straight. Granted, this isn’t exactly impossible, but it does require a few caveats. For example, this assumes you don’t actually spend any of that money, investing 100% of it and never having a bad year. Of course, the average lotto winner is not exactly known for their great ability to invest their money. Meanwhile, there’s nothing preventing the person taking the 30-year annuity from investing a portion of their annual payouts, which are guaranteed, while returns on investments are explicitly not guaranteed.
A guaranteed $96,244,081 return is a better investment than a possible $200,000,000 that’s continent on absolutely nothing going wrong for the next 30 years, but the sort of people who run companies seem to forget about this these days.
money now is worth more than money later.
because of inflation, and also because i can use it now. money i am getting in 30 years is no good to me now.
this isn’t that hard of a concept.
When your justification is an uncertain investment, it isn’t that hard of a concept to realize you’re wrong. You’re literally the only person I’ve ever seen advocating for the lump sum payment as the financialyl sound move when it quite nearly halves 100% sure income.
Inflation is also much less of a concern when you’re talking about literal millions of dollars, unless you’re talking about the Zimbabwe national lotto. If you’re living in a way that your ability to live with $15,000,000/year towards the end of a 30-year annuity payout has materially changed, you have bigger issues than inflation going on.
It doesn’t.
No. So many people misunderstand that. No, it does not simply mean you automatically sacrifice longterm profits. Fiduciary responsibility is pretty widely open to interpretation because shareholders overall can want different things. Some stocks barely budge in price but the board gives good dividends. Some companies make no profit for years upon years because they are pushing for growth. Just chalking this up to fiduciary responsibility is misguided and misses many big reasons why many boards choose short term profits while sacrificing longterm sustainability. Many get most of their earnings in stock. As long as they can keep the share price up long enough for them to make bank, they have little care about the longterm health of the company. This is one of the reasons that stock buybacks have been so big over the last decade.
Then other companies do stock buybacks instead of quality control in their airplane factories…
The Lich the holds Jack Welch’s phylactery demands sacrifices.
Well, ackchyually… /s
Nothing surprising.
EVs have been developed since the 90s at least as far as I know, and progress on them has been sabotaged at nearly every turn by the industry.
Technically the first one was developed in the late 1800s, but it had a range of about 5 meters.
41 miles at 20mph.
Wasn’t aware of that. My thoughts were more towards the EV1, although I assume there were many others before that.
They’re referring to how Thomas Edison created the first electric vehicles back in the 1800s. They might have had a future until Ford introduced assembly lines. Then the rest is history.
The EV1 was the first commercial development in the US following the World Wars, but even before then you had solar EVs being made for science and eclectic racing before then. Think of those weirdly shaped cars only made for 1 driver that have solar panels covering the entire body of the car.
Funny thing is that we’re now seeing some commercial (or soon to be commercial) manufacturers add solar panels in the same way. Just look to Hyundai and Aptera.
Edison didn’t create a damn thing, just stole ideas from everyone else.
Yeah, no… edison was way late to the game. https://www.energy.gov/articles/history-electric-car
At one point steam cars were 40% of the market, electric was 38%, and gas was a paltry 22%
I remember an early Saturn EV that was never sold, only leased so GM could maintain ownership of them. Even with a limited range, the drivers all loved them for commuting and running errands, and many tried to purchase them outright, which GM refused. Eventually, GM issued a mandatory recall for all the Saturn EVs, mothballed the project, and then they released the Hummer… made me sick even at the time.
Saw that on a great documentary, “Who killed the electric car?”
Here in Australia I busted someone with a locked Facebook profile who apparently worked at a ford reseller lying about Kias EV9.
He did the whole laugh emoji and called me a stalker, but deleted his message a few minutes later (probably got a call from his employer who I tagged who was probably worried about the legal repercussions). I pointed out it was libel to lie like that
And people don’t really care about it . Let the wheel spin and get as much as you can while you ride, don’t think about next drivers.
is that purely because they can’t make them well or is there another reason?
honestly the japanese EV ive been in felt decent?
Japan doesn’t have enough electricity. After Fukushima, they lost most of their nuclear. The country is densely populated, and the parts that aren’t populated are covered in forested mountains, which all makes building the required amount of renewables very difficult. So today and in the future, Japan runs on coal and natural gas. So they make cars that run on hydrogen (which is more efficient to create out of their imported natural gas than burning the gas for electricity) and then sell those abroad greenwashed as “but you can produce hydrogen from green electricity!”
First of all EVs do not need that much power. We are talking something like 25% more electricity production for a country like Japan. Then Japan has rather a lot of onshore and even more offshore wind potential. Mountains are a problem, but hardly something which can not be overcome. Solar can easily be installed on roofs and mountains are even less of a problem.
Also really important to say it. Combustion engines in cars are massivly inefficent. So an EV is still better for the climate, even if run with coal electricity. The other factor is that Japans population is falling. So they will need less power over the long term.
The margins are thinner. There’s almost no resale value. Someone might buy a 60k car and eat the payments for a few years, knowing that they can sell it any time for a decent price.
Buying a 60k EV is more like setting your money on fire. The car might be fine, great even, but it just won’t hold it’s value.
why is that? i don’t think lithium batteries degrade THAT fast?
if the used market had these dirt cheap evs here id probably be considering them.scratch that there is no way to charge them in my country unless you live in a house, or unless you can use regular power outlets hahahaGuess I’ll just buy a cheap used one then
Those are reasons people don’t want to buy EVs, not reasons for companies to sabotage the change over.
Companies give zero fucks about anything but money.
Completely retooling for EVs is expensive with a lot of risk. And they’ll make less money afterwards…
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There’s almost no resale value.
That is not an EV thing, that is a new, rapidly developing technology thing.
Force them to commit or repeal Chinese tariffs
The tariffs were explicitly to protect them. To prevent them from having to compete. We’re about to eat a lot of shit.
Well they have to first compete… I have yet to see a good under $25k mass produced EV
And now you won’t. They don’t have to work their prices down now.
The issue I’m seeing here is that there isn’t anything to protect legacy auto does not make a product that is remotely comparable
We’re all going to fry in old age. Our children are going to become sterile. Who tf knows what’s going to happen to whatever ppl make it past that.
Great timeline isn’t it
The Japanese car companies put all their eggs in the hydrogen basket, despite their early head start in EV with the Toyota Prius and such, and as hydrogen looks to be more and more of a dead end due to transportation and safety concerns, of course they are going to be sandbagging EV adoption to buy time and catch up.
Gotta love the Japanese culture of holding onto tradition until you can’t anymore.
Gotta remember that Japan was still mostly feudal up until the World Wars. Pretty recent in human history.
China being a massive producer of EVs is also a large part of it. Japan and China have a long hatred of one another, but will sometimes set aside differences for simple things.
Care to share some sources regarding hytrogen safety?
NEDO is a big public institution for renewable energy research. The budget is ~500M$ a year and they bet a lot in hydrogen : https://www.nedo.go.jp/english/index.html (https://www.nedo.go.jp/english/activities/activities_ZZJP_100096.html)
That isn’t what I asked for but thanks. Their comment implied hydrogen is unsafe and I asked sourced for that, because I couldn’t find any.
At this rate Saudi Arabia will beat Japan on EVs. A very big claim but I have cause to believe it.
The Saudis are also huge investors in Lucid Motors .
Lucid already started making EVs in Saudi Arabia. And they also have investments in Human Horizons and an EV manufacturing deal with Hyundai.
Sounds like oil tycoons didn’t find ev adoption humorous any more
Now that we’ve trained the whole world in american-style corporate criminality, we’re gonna pull the rug out from them and reveal ourselves to be the good guys! Right? Right, guys?
Tesla and Tata Motors are exceptions noted, but noted highlighted in the article.
Tesla isn’t really a major car company in the transitional sense since they didn’t exist at all as a pre-EV car company.
