The Answer To Our Problems, EV's

More insanity and corruption from California.

https://www.wsj.com/articles/califo...os1#:~:text=Where are the,governs the country.

 

Gavin Newsome and the Democratic House and Senate have a responsibility to the citizens of California. Reference the following map, and notice that California has some of the worst air quality in the country due to its geography. It is responsible for state government officials to take action to enable city mayors and county councils and boards to meet their EPA targets. Air quality is one aspect. Getting fined by the EPA is another..

 

Newsome has a responsibility to act in the best interest of the citizens of California. He and the progressives running this state are not doing that. The state of California refuses to implement common sense methods to reduce the amount of wildfires in the state. BTW if the EPA claim about 2.5 micron particles were correct every person in Northern California would have died a few years ago.

 

I'd like to see more rail mass transit in those big cities. They are so car-centric. Maybe a well connected monorail system, which doesn't affect the current infrastructure as much. That makes them more affordable to build. I thought the city of LA had contracted with BYD to build a monorail system?

 

California is too spread out. There are no population centers as there are in the cities which have mass transit systems.

The California bullet train project is a joke.

 

San Francisco/Oakland area has BART

 

Yes. We use it to get to the SF Airport. But it is rarely full. I does have stops in multiple places but then other forms of transportation are needed. San Francisco is fairly compact but I and many others won't go there anymore. The progressives have ruined one of the most beautiful cities in the world.

 

Yeah, I've ridden it from SFO to downtown and back several times. Cars weren't crammed but most seats were taken with a few standers.

 

California got into the emissions regulations game before EPA was created. Therefore, they've always had the ability to make their own rules. CARB is essentially the uglier and meaner sister of EPA.

Other states have always had the option of complying with either CARB or EPA rules. If I recall right, up until real recently there were about 17 states that were following CARB rules and I believe each of them passed that agreement through their individual legislatures. This predates Massachusetts v. EPA that gave the Federal EPA the authority to regulate CO2. The states that threw in with CARB were all the usual suspects- most if not all of New England and the West coast along with the occasional liberal terrorist cells like Virginia (driven mostly by whacky liberal enclaves like Northern Virginia) and Maryland (hint: where most of the Federal government itself lives and works).

This has never really been a problem since California has always just been a tighter standard for real pollutants. Basically, CARB vehicles are just more expensive versions of Federal vehicles.

Until the nutcases hit on the big idea of regulating CO2 and eliminating ICE. California, natch, became the first to the table with banning ICE. Now because this is only applicable to vehicles sold in the state, what this would mean is that people who still wanted ICE after the California ban would just have to cross the border to Nevada to buy the vehicle and then bring it back to California to register it. Potentially reshapes or destroys the dealership business in CA, but doesn't work to actually ban ICE.

But then the Supreme Court gave EPA the responsibility to regulate CO2 and the insanity went nationwide. Work arounds will no longer work.

Until June at least when the odds favor getting Chevron (and by extension Massachusetts) overturned and we get to watch the entertaining spectacle of California continuing to implode under the weight of misguided wokeness and the rest of the cabal furiously tries to get out of that stupid agreement.

I believe I read that you live in California. You have my deepest sympathies.

 

Los Angeles Skyrail anybody?



Skyrail is BYD's monorail system. Evidently Los Angeles has a "predevelopment agreement" with BYD, who has their North American headquarters in LA.

https://laskyrailexpress.com/

 

Thanks. We are retired so a lot of the insanity doesn't affect us directly. We have considered moving but California is a beautiful state. The progressives unfortunately have made it very difficult for middle class workers. Our son moved to West Palm Beach a few years ago and is much better off financially.

 

A global CO2 emissions reduction of 0.18% is worth forcing US consumers to choose an EV or nothing by 2032? Incredible.

https://www.wsj.com/articles/on-evs...djemMER_h#:~:text=“You have my,Biden knows it.

 

This project fits in nicely with the California bullet train to nowhere.

 

Hertz loses millions of dollars by buying in to the EV koolaid. Hertz has lost $250M by betting on EV's to enhance it's fleet and bring consumers in. As a consequence of this preventable fiasco CEO of Hertz Stephen Scherr has lost his job. What was he thinking?

https://www.theepochtimes.com/opini...e Biden administration’s,isn’t allowed either.

 

It would really enhance the city with modern infrastructure that could relieve a lot of the deadlock. Mass transit, from an ecological standpoint, is more beneficial than EVs.

 

LA is too spread out.

 

Yup he's never been there doesn't have a clue how boxed up it is.

 

Warren Buffett has made more than $7 Billion on BYD stock. He met Wang Chuanfu, and the rest is history.

https://markets.businessinsider.com...an,company in 2008, paying about $1 per share.

Berkshire's vice-chairman, Charlie Munger, first brought BYD and its founder Wang Chuanfu to Buffett's attention.

"Charlie called me one day and says, 'We've got to buy BYD, this guy that runs it is better than Thomas Edison,'" Buffett told CNBC in 2018.
...
Warren Buffett's Berkshire Hathaway has made more than $7 billion on its BYD investment to date, representing a roughly 3,000% gain.

The famed investor's conglomerate spent $232 million to buy 225 million shares in the Chinese electric-vehicle company in 2008, paying about $1 per share.

BYD continues to outperform. They passed Tesla last year in EV sales. Wang Chuanfu started BYD, and they originaly made batteries for cell phones. When the company first switched to cars, they started making ICEs to develop familiarity with the auto manufacturing industry. They then started making PHEVs, and recently passed Tesla with the most sales of EVs in 2023. And this was a startup company in 2005!

 

When did he sell? Your chart is from 2021. How much money has the Chinese Communist Party "invested" in BYD?

 

I didn't post a chart. I posted a link. The reason I chose that link is that it had a statement from Warren Buffet. I found the exchange extremely interesting.

Berkshire's vice-chairman, Charlie Munger, first brought BYD and its founder Wang Chuanfu to Buffett's attention.

"Charlie called me one day and says, 'We've got to buy BYD, this guy that runs it is better than Thomas Edison,'" Buffett told CNBC in 2018.

Why are you asking me questions? If you are refuting that Buffet made this amount of money, show your proof. If you think BYDs stock went up, because of the CCP, show your data. They probably did get some incentives in the early years. The US gives subsidies and incentives to large corporations - example: ICE auto industry bailout, avoidance of State taxes to lure corporations, etc.

 

Then how can you claim that Buffet made a profit if he didn't sell? Buffet took a flyer in 2008 and the stock took off but has been declining since 2022. If Buffet sold in 2022 that means he correctly has determined that BYD was in a lower stock price trajectory and that BYD is not a good investment now and indeed that is what Buffet has done.

https://markets.businessinsider.com...t=Warren Buffett famously,the overall company.

You should really do more research before posting.

 

He's a smart businessman. He cashed in part of his holdings. I've done this quite often, although can't say I've ever gotten a 3,000% gain. It's called "Take the money and run". He cashed that in at a good time too. The Hang Seng index has been in decline since 2021, until a recent moderate rebound.
.
Indeed most analysts believe the divestment is because of geopolitical issues.

https://news.yahoo.com/warren-buffetts-company-slashed-stake-084517972.html?fr=sycsrp_catchall

A big reason that Berkshire has been cashing in its BYD stock may be geopolitical. The US and China have been clashing in recent months over everything from microchips and Taiwan to Russia's invasion of Ukraine.
...
Buffett said in April that the breathless rise in BYD stock over the past few years, and the possibility of finding something better to invest in, were factors in the sale.

 

He sold because his research indicated that the stock was going down because in part of the global softening of the EV market.

 

I'd like to know what any of this BYD nonsense has to do with EVs in America.

 

Very interesting - you claim to know more about Warren Buffett than Warren Buffett himself.