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Non-Tech : Kirk's Market Thoughts

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3:42 PM EST

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berniel

To: robert b furman who wrote (19211)	6/12/2024 3:20:14 PM
From: Kirk ©	1 Recommendation Read Replies (2) of 26782

Thanks for the excellent summary. What almost everyone misses with the EV calculus is you are PREPAYING for your gasoline by buying a battery that SHOULD use less expensive electricity. A few years ago, when our electricity was a TON cheaper, it took about 14,000 miles a year driven with an EV to breakeven with the cost of gasoline relative to the higher cost of the battery. One thing I haven't heard of except from my EV buddy I have dinner with once a month is the cost to keep the chargers up and running in remote sites. On our hike to dinner last night (cost up 7%, two $1 per meal price hikes in 7 months) I pointed to the new fire hydrants the city placed along the road and said the crooks were stealing them for the $10 worth of brass... as we passed the EV charging station under the grammar school parking lot, he said the copper thieves are stealing the cables for the thick copper wire, especially needed at the Super Charger stations used by Tesla. Nobody with a brain wants to build (with their money) low-cost housing in poor neighborhoods when CA won't let you evict deadbeats who don't pay the rent and they have rent control for those who do pay. Well, who with a brain would want to put unattended Super Chargers in low-income neighborhoods like most of Oakland where the police won't show up if your car is stolen or your restaurant is broken into? They certainly won't care if someone steals a copper cable from Tesla shareholders. FWIW, they already are stealing cables from the lights and light rail systems here... I think one Darwin Award contestant got electrocuted going for the third rail wire... ktvu.com

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