No doubt that the future of personal automobiles will be electric. While we are still early in the transition, and regardless of how valuable Tesla is as a company (ridiculously overvalued) compared to how few cars they sell and deliver, their dominance of electric cars is tenuous. Already VW and GM have announced plans to migrate their fleets to full electric, and all the other makers are making plans for a post oil driven transportation world.
This is good. But it does have some thorny implications. Two of which are how to fund local road building and maintenance, and mechanics/technicians to repair the fleet of cars.Continue reading →