Should You Invest in a New Internal Combustion Engine?
Re: the ad here, I wrote, “We need a new internal combustion engine like we need faster biplanes. What type of moron buys into this?”Reader Andrew Dean replies: “Literally everyone smart enough to know that electric cars are NOT the long term answer.”
Two points:
The recognition that fossil fuels are ruining this planet is held by everyone whose understanding is not rooted in Big Oil’s propaganda.
The auto industry is investing trillions of dollars to move to electric. It makes sense, to me at least, to follow the money here. Mercedes Benz built 6 million gas- and diesel-powered cars and trucks in 2022. Their target for 2025? Zero. Not a single one.
I’m always amused by people who think that environmental movements are a sham, even when industries the size of world transportation are betting their entire future on them.
Again — you can’t cure dumb.