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The Clark Howard Podcast

10.15.19 Big strides in renewable energy; What to call fake meat?; Cost of cars over time

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 15 October 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

There are now more people working in wind / solar energy in the U.S. than in coal mining, which has become an industry in retreat. It's now cheaper to generate power from wind or solar, depending on geography. The new energy outlook from Bloomberg reports that wind is THE cheapest way to generate power in the U.S. In 2/3 of the world, solar and wind are more economical than even natural gas. Power companies are fighting in state legislatures and with utility, regulators to prevent consumers from a cost-effective home solar option. They see the threat and want to own solar to continue to supply power. Regardless, the mix of power is changing and costs will be coming down. Traditionalists claim wind and solar are intermittent and therefore unreliable sources of power. But battery backup provides the solution there, and these batteries are also getting steadily cheaper, along with solar panels. Better and cheaper in a continuing cycle brings these technologies to bear. The benefit flows back to consumers. More states are passing laws infringing on First Amendment rights for food producers to name their food. Missouri cattlemen are threatened by plant-based meat substitutes. Other states have joined in passing label restrictions. They should not be permitted to interfere in the free market flow of information. The clarity for consumers, not confusion - should be the priority. Edmunds reveals that the average loan amount to buy a new vehicle is $32,590. AAA reports is costs $774 per month to operate a new vehicle: Depreciation, the loan, insurance, fuel & maintenance. Many would-be new buyers are opting for used for more affordability. Meanwhile, the average length of a vehicle loan is just under 70 months, almost 6 years, putting the buyer upside down for the duration. Many will tire of a vehicle before paying it off and create a negative mountain of debt by trading in before the loan is paid. The trade-in loan is rolled into the purchase, leaving the buyer even MORE upside down. STOP! 10K a year just for transportation calls for a rethink. Is your old car working fine? Do you REALLY need a new vehicle? 4-year-old vehicles are the sweet spot in the market now. AAA reports electric vehicles to cost half of what gas engines cost per mile to operate. Within 2 years the compelling price argument for buying electric will be overwhelming. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

How did Malcolm finally gain his cat's respect?

0:03.1

Was it because he saved 35% on Train 9 and bravely looked into the eyes of his dismissive pet,

0:09.2

where he saw something that said,

0:11.9

I don't actually hate you.

0:14.8

His Train 9 detanged for Malcolm gaining his cat's respect.

0:18.8

We hope so.

0:19.7

We really do.

0:21.4

Great journey start with Train 9.

0:24.2

Average savings for advanced fairs, rail cards and split-save wearer veil

0:27.1

versus equivalent flexible fair at TNC's apply.

0:35.9

It's great to have you here on the Clark Howard Show, where it's all about you and that

0:40.7

wall of the yours. I want you to learn ideas, me, so that you can save more and spend less

0:46.0

and don't let anyone ever rip you off.

0:49.9

Coming up later in today's Carcragist moment,

0:53.6

more states are trying to restrict what food is called on the label.

1:00.7

I want to tell you what the shenanigans they're up to are all about.

1:05.7

And coming up yet later, brand new data from the AAA that the cost of owning a vehicle

1:15.2

has gone up yet again. You're going to be stunned what it actually costs for you to put your

1:21.9

vehicle on the road each year. I'm going to give you the data and give you some suggestions

1:28.2

how to fight back against those high prices.

1:32.3

So I wanted to tell you about something that is quite surprising.

1:38.9

Did you know there are now far more people in the United States working in solar and wind

...

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