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Valuetainment

Will Electric Cars Save The Planet? Or Is It Just Propaganda?

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 11 July 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

In this video, Patrick Bet-David does a deep dive into electric vehicles and breaks down the myths surrounding them.


Download the free PDF here: https://valuetainment.com/ev-vs-gas-bonus-content/


To reach the Valuetainment team you can email: info@valuetainment.com


#Valuetainment #PatrickBetDavid

Transcript

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0:00.0

Does it just mean it doesn't feel like the only way you and I can save the world from climate change or global warming is by owning a Tesla or an electric vehicle?

0:08.0

As if if we drive gas or diesel, the world is coming to an end.

0:12.0

Matter of fact, we just recently saw President Biden talk about the fact that by 2030, 50% of all cars need to be EVs.

0:19.0

And even Nusom talked about the fact that by 2035, 100% of the cars need to be EVs.

0:25.0

There are stories deeper than that. The more we research, the more bizarre it got.

0:29.0

With China, with Congo, with cobalt, with lithium, with child labor, very bizarre, but we're going to get right into it and today's answer.

0:46.0

So I'll stick around for a little bit to get the PDF over what we're talking about today.

0:49.0

But there's a few questions that we have to answer. Number one, the argument for having EVs and the argument against it.

0:56.0

Number two, which industry will benefit the most from EVs? Number three, who is hurt by EVs?

1:02.0

Number four, are EVs the new diesel scandal waiting to happen and in some final thoughts on today's discussion?

1:09.0

So first things first, there's a lot of good motives here. People are concerned younger generation, climate change, global warming, but is it really worth it?

1:16.0

Here's why, because when we look at the total US greenhouse gas emissions by economic sector in 2020, this is what it looks like.

1:23.0

29% is caused by transportation, 25% is electricity, 24% is industry, which is raw material.

1:30.0

We all use 13% is commercial and residential, 11% is agriculture, but this is the key.

1:36.0

Today's focus is transportation and out of the 29%, only 16.82% of it is cars.

1:43.0

So the question becomes, is this 16.82% of cars, everything? Let's change everything up.

1:48.0

2030, 2035, is that worth the shift that we're making today? To fully understand that we have to look at some numbers.

1:54.0

Here's some numbers to look at in regards to total cars sold in Q4 of 2021.

2:00.0

In Q4 of 2021, we sold little over 3.3 million cars in the US, of which only 152,000 were diesel, 353,000 were EV,

2:10.0

and then the rest, which is about 2.761 million are just regular gasoline cars.

2:15.0

And by the way, for some of you just to show you how new this is, we've only been selling EVs roughly since 2010,

2:21.0

Tesla, who is the main leader in this market, has only sold 1.917,450 cars,

...

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