Roads and the interstate were paid for almost entirely by user fees and user excise taxes. There were no subsidies similar to electric vehicles.
Many engineers are of the view we are nearing the limit of battery capability. New tech will be required. But super-conductivity would be a game changer if we can ever get it.
My bet is hydrogen with limited full electric as a supplemental. But we will still need a lot of electricity to produce hydrogen. I think we will be kicking ourselves for wasting all this money on electric vehicles and infrastructure.
Scaling up emerging technologies to enable a low-carbon future.
collaboration.lanl.gov
Seriously what is the deal with the obsession of the combustion engine and oil? Is your retirement all in on oil stocks?
When the automobile came out there was massive concerns about putting thousands of buggy makers out of business.
I could actually argue that the expansion of the car destroyed our downtowns and bankrupted our cities (there's a suburban ponzi scheme where new development has access to that sweet govt cash but not for repairs, that has to come from local taxes. Car infrastructure is insanely expensive and lasts -20 to 30 years before it needs serious repairs. How do cities afford it...they develop more suburbs and use part of that govt development cash to help pay for the older development. Suburbs are not dense enough to pay for themselves. Tax density from cities, that the automobile devastated, pays for a big chunk of the suburbs bills).
Past city planning for the automobile sucked and it turned the country into a bland cookie cutter, car dependent wasteland while costing us zillions in car infrastructure upkeep and leaving giant, ugly ass parking lots in place of prime real estate that could be making money but no, it's a giant, free parking lot.
It could be argued that the oil industry and the car industry devastated our cities (parking lots and flight), isolated our citizenry (again flight to suburbs into residential areas that have no social center to go to or is accessable without a damn car, so we hole up in our man caves), turned our smaller towns into bland, charmless, cookie cutter, fast food hells, monopolized access as it's pretty hostile to get anywhere without a damn car because of car infrastructure, made us dependent on foreign adversaries (Middle East and Russia) and if you believe in it, excessively polluted our planet.
That's quite the legacy.
EV's are much quieter, much less polluted, much more efficient especially for short trips (approximately 85% of our trips are less than ten miles), much cheaper and efficient than gas (as it comes from a larger and more efficient mass power plant), can refuel from home and is a developing industry....meaning it will become more efficient.
Toyota is talking about a 900 mile range solid state battery that can charge in less than 15 minutes.
Being in retail my entire professional life...emerging technology is where the money is at. Think about technology evolution. From music to video games. It's all evolving and when it does it revitalizes the industry.
Hell even basic boring lightbulbs went through a crazy profitable technology transformation. I was with GE during the incandescent to CFL to LED technology change. There was some old guard in the beginning fighting like hell to keep the incandescent going, even though our margins were paper thin but, incandescent was the dominant bulb.
The government, starting in California started restricting the incandescent and GE started making money hand over fist as people switched to CFL. Ave basket ring went from $1.50 to $8. CFL'S were much more efficient so the consumer did save four times in energy costs alone, plus the life was much longer so you didn't have to buy and replace the same socket every year or so.
They quickly discovered that we're talking about insane amounts of scale. There are so many sockets out there that if you can get someone to change just two to a more expensive bulb, the increases are insane. The fear was CFL's last 8 times as long....all those sockets will fill up!!!! The truth was it will take 30 some years to replace every socket and by then we can do it again as LED rolled out.
Moral of the story, there is so much fu$king money to be made. So many jobs to be created. More opportunities to dominate a global industry. It's the chance for an old industry to remake itself. Plus it's happening regardless so either we become market leaders of the new auto age or let other countries lead while we keep on with leading technology of the 20th century.
I want American companies to be the leading EV market setters. That gives us a chance to take a foreign car off the road and replace it with an American car. It gives us a chance to rebuild brand loyalty and possibly create affinity (which is the magic sauce of brand management).