The Great EV Conversion: FAIL

The Electric Vehicle Craze Turned Nightmare [The Daily FWD] February 26, 2024 [UNSUBSCRIBE]( The Great EV Conversion: FAIL Hi Reader, Here’s what our editors are looking at today… [Click here to learn more]( News: Jeffrey Tucker – EVs Are a Bust As recently as a year ago, automakers were struggling to meet the hot demand for electric vehicles. In a span of months, though, the dynamic flipped, leaving them hitting the brakes on what for many had been an all-out push toward an electric transformation. There was no particular reason to think anything would go wrong when the craze picked up steam in 2022. But then the next year began to reveal uncomfortable truths. Cold weather dramatically cuts the range of the EVs. This and other massive miscalculations have left the industry in a bind, facing a potential glut of EVs and half-empty factories while still having to meet stricter environmental regulations globally. Today, lots are selling the cars at a loss just to avoid the costs of keeping them around. Truly, this has been one spectacular boom-bust in a single industry. There seems to be no real end to the bust either… [⇒ Read More Here]( Recommended Reads: [External Advertisement] [Why Crypto is Set to Explode When the Next Bitcoin Halving Hits in April...]( The first bitcoin halving happened on November 28, 2012. Bitcoin went from $12 to $1,046 over the next year. The second bitcoin halving hit on July 9, 2016. Bitcoin launched from $663 to $19,118 in 18 months. The third bitcoin halving struck on May 11, 2020. Bitcoin jumped from $8,500 to over $64,000. And now, the 4th bitcoin halving is coming on April 22, 2024. [⇒ Here's why this will kick off the last great bull market in crypto](. [Click here to learn more]( Politics: Sean Ring – The Decade-Long CIA-Ukraine Relationship The CIA and USG have been in Ukraine since just after Russia took Crimea. And yesterday, The New York Times decided to tell everyone about it. After reading this piece, it’s hard to call Vladimir Putin a liar about US involvement in Ukraine. In fact, the USG, via the CIA, has been lying for ages about its relationship with Ukraine. Let’s dig into what we know… [⇒ Read More Here]( [Click here to learn more]( Markets: Chris Campbell – The Truth About the “Moon Landing” The Texas-based private company, Intuitive Machines just made history by being the first private venture to make it to the moon. But the real story isn’t necessarily the landing itself… but how it was made possible by American-made hardware. American hardware is coming back into focus – here’s how we’re on a path to not only hardware innovation… but software innovation in the coming year… [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with what our editors were thinking about this week. 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