09/01/2022
By now we're all debating California's new law which prohibits the sale of "new" gas powered vehicles in the state by 2035.
This is a heated topic with many feeling that this is an overreach by our state legislators and that our infrastructure cannot handle EV charging.
Based on the research we've done over the last few years, most major car manufacturer's have already stopped investing in new technologies for combustible engines and have diverted those funds into developing EV technologies.
In fact, many have committed to selling only emission free "new" vehicles on a national level within the next decade which is well in advance of California's 2035 mandate.
Here are a few reasons why these private corporations are going full throttle into EV development:
1) Ever increasing MPG requirements by the Federal government. (Manufacturer's have come to realize that they'll never by able to achieve the high MPG standards with combustible engines.)
2) Profiting from the inevitable EV revolution.
3) Environmental reasons (this is debatable in and of itself...)
4) Timing
Government and private sector collaboration can be good with many examples including our train system, highway system and space program.
With the 2035 mandate, California has set a bar that the private sector had already planned to handily clear with over 100 new EV models slated to come to market over the next 5 years.
The biggest challenge ahead will be improving the energy grid and building out the public EV charging network. Again, this will take public and private sector collaboration, although there's massive opportunity for private companies to participate and profit.
Unfortunately, when gas prices went through the roof recently, we were the easy target for extremists to blast us as being extremists for selling EVs.
The fact is, we originally established Capital City EV Outlet to provide consumers with an alternative to combustible engine vehicles. We did not establish the company with a belief that EVs should be your only option.
