Electric Cars Will Cost Less Than Gasoline-Burners by 2025


I could be tempted

❝ Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows.

Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles.

❝ Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, the London-based researcher said…

❝ Renault, maker of the Zoe electric car, predicts total ownership costs of EVs will by the early 2020s equal conventional internal combustion engine vehicles…according to Gilles Normand, the French company’s senior vice president for electric vehicles.

If I could justify buying a new vehicle to replace my 24-year-old pickup truck it probably would be from whomever offers me a smallish EV pickup, say, a quarter-ton AWD.

Still, I just don’t drive enough to justify a second new or newish vehicle in our family. My wife’s 4-year-old Fiesta is still very low accumulated miles – our go to town shopping-mobile – averages 40+ mpg.

Our presidential fraud substitutes “Trump” for “Integrity”


Click to enlargeTom Jamieson, Chang Lee/NYTimes

Mr. Trump’s American coat of arms belongs to another family. It was granted by British authorities in 1939 to Joseph Edward Davies, the third husband of Marjorie Merriweather Post, the socialite who built the Mar-a-Lago resort that is now Mr. Trump’s cherished getaway.

In the United States, the Trump Organization took Mr. Davies’s coat of arms for its own, making one small adjustment — replacing the word “Integritas,” Latin for integrity, with “Trump.”

I presume no one is surprised by one more example of fraud by our so-called president. One which precedes his ascendance to royal head of the United States. RTFA for the whole story.

Trump affects America’s tourist business the way we expected


Click to enlarge

❝ Trump Tower, in midtown Manhattan, has become a modern-day Mount Vernon. Tourists have long visited George Washington’s homestead. Now they venture through Trump Tower’s brass doors to ogle the decor—“it’s so gold,” said a German teenager standing near the lobby’s waterfall on a recent afternoon—or buy souvenirs. The Choi family, visiting from South Korea, wandered the marble expanse with their new “Make America Great” hats (three for $50).

❝ The question for America’s hoteliers and airlines is whether such visitors are just anomalies. A strong dollar is one reason for foreigners to avoid visiting America. Donald Trump may prove another, suggests a growing collection of data. Yet measuring the precise impact of Mr Trump’s presidency on travel is difficult. In addition to the currency effect, many trips currently being taken to America were booked before his election. Marriott, a big hotel company, reported an overall increase, compared with a year earlier, in foreign bookings in America in February.

But Arne Sorenson, Marriott’s boss, has voiced concern about a potential slump in tourism. In February, ForwardKeys, a travel-data firm, reported that in the week after Mr Trump first tried to ban travel from seven Muslim-majority countries, international bookings dropped by 6.5% against the same period in 2016. Hopper, a travel app, found that average daily searches for flights to America have declined in 99 countries since Mr Trump tried to issue his travel ban, compared with the last weeks of Barack Obama’s term. Russia is one of the few places where demand has risen…Tourism Economics, a forecaster, expects 2 million fewer foreign visits to America this year, a 1% drop from 2016. Without Mr Trump it had expected a 3% jump…

❝ The industry has been here before. International tourism in America slumped by around 3% each year from 2000 to 2006. Most analysts blame not only the attacks of 2001 but stricter visa rules and anti-American sentiment abroad. Countries that had the dimmest view of America, according to surveys during that period, tended to see drops in travellers there, says Adam Sacks of Tourism Economics. “We are facing a potential rerun,” he says…

I’m not surprised. Are you? I expect the most insular, if not xenophobic of Trump voters will think the question unimportant. Some people hate realtors. Some people hate travel agents. Usually for not very well thought-out reasons.