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Electric vehicle startups are not a good investment
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In today's newspaper was an article written by Coral Davenport, published by the New York Times, saying that the truck engine manufacturer Cummins was hit with a $1.6 billion penalty for violating the U.S. Clean Air Act by installing emission control equipment on their diesel engines that did not comply with clean air standards. They followed in VW's footsteps by installing devices to defeat emissions controls on hundreds of thousands of engines, the Justice Department announced Friday. The Justice Department accused the company of installing defeat devices on 630,000 model year 2013 to 2019 RAM 2500 and 3500 pickup trucks engines The company is also alleged to have secretly installed auxiliary emission control devices on 330,000 model year 2019 to 2023 RAM 2500 and 3500 pickup truck engines.
Current motorcycle collection: 2002 Yamaha FZ1; 2020 KTM 390 Duke; 2009 BMW F650GS; 2018 Zero S 16.6 kWh
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Sat Feb 24, 2024 3:49 pm (Last edited: Sat Feb 24, 2024 3:50 pm)
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Here is another reason that investing in EV companies, startups or otherwise, are not a good investment. The cost of electric power is going up faster than the price of gasoline. Current motorcycle collection: 2002 Yamaha FZ1; 2020 KTM 390 Duke; 2009 BMW F650GS; 2018 Zero S 16.6 kWh |
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Zitat von Richard230 im Beitrag #18 My mother-in-law lives in Livermore, CA, in a 1600 sf house. Her PG&E bill last month was over $500. That's insane in a small house in an area that doesn't see snow and freezing temps in winter. Insane. |
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