Archive for December, 2018

A while back I wrote a little bit about electric vehicles, No, electric vehicles are not the future

And there’s a few reasons to not buy them. For starters there is a few articles floating around about children mining materials for EV batteries. Some automakers claim they don’t buy batteries from companies that use children but the fact is there are claims which I find a very good reason to not buy an EV regardless if the claims are true, if there’s a hint.. better to not invest in one with the slightest possibility the battery components was mined by children.

The second reason is we’re still using coal and nuclear for electricity. People think that a car that has zero emissions is “fighting global warming” while charging from a coal power plant. Nuclear isn’t much better due to the fact the radiation is deadly to life. Sure they got better over time and it’s pretty difficult for a meltdown to occur but it doesn’t mean it’s 100% safe. I don’t want to increase the loads of the grid when my power comes from a nuclear power plant.

The bottom line is EVs are not the best thing to replace gas vehicles, EVs may grow and find a niche market but that’s about it. People keep saying EVs are the future but the U.S. hasn’t really caught on the electric vehicle craze people are claiming.

Car manufactures continue to push EVs designing new ones. VW was rumored to produce EVs only. There may be a time where it’ll be difficult to get a gas running car, which is why buying a new gas car is going to be a good idea and every 5-8 years to replace it with a new one will keep the demand up at least and more used ones floating around in the market.

This may be needed, saving to keep that cycle up may only work with those with enough income if desperate enough to keep the gas car alive in case any car manufacture thinks of getting rid of their gas vehicle lineup.

I myself am planning to get a Dodge Challenger in the next 3 years and maybe a truck in the next 5 and keep them in good running condition. Next 10 maybe a Honda Accord or Toyota unless Chevy decides to bring back the Impala. Theres also the Dodge Charger as well. So I myself got plans to try to buy a new car when I can. It’ll be difficult though considering in 10-15 years I’ll have to think about retirement funds and need to upkeep my condo.

It won’t be easy but I like to try. So far America hasn’t really bought into the whole EV thing yet and considering where the electricity comes from and how the battery materials come from. At the most we may have 20-40 years before something like EVs may take over but depends on the future, what the automakers decide and be aware of when government tries to get people off of gas in favor for EVs.

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The above link describes a bit what this pastor bought for his wife.

The news has been flooded by a megachurch pastor who bought his wife a $200k Lamborghini and people are flipping out over it on social media, criticizing the pastor while others are defending the pastor. Usually some rich person buying a Lamborghini or other ridiculously overpriced vehicle doesn’t really stir much media attention but this one certainly did and it got me thinking, why would someone buy a $200k vehicle. To put this in perspective a new car such as a Honda Accord costs around $25,000.00 while the cost of the Lamborghini costs $200,000.00. That’s  $175,000.00 more for the Lamborghini.

Many people have a hard time coming up with the $25k for a new car so much of the time a loan is taken out. You can get a loan for $450 month on the Accord but for a Lamborghini that’s over $4,000 a month.

On one hand it’s no one’s business what people use their money for. On the other hand spending $200k on a car is pretty foolish and illogical. Reality is, if one had $200k to spend, wouldn’t it be a great idea to put that money to good use?

There are many people in the world that could benefit from $200k. $200k could pave the way to cleaner electricity. It could get 7 people a new car so they can get around. You get the picture. I can’t see myself buying an expensive vehicle that costs as much as 3 homes.

Don’t get me wrong it’s not a bad thing to buy something you really want. I’m saving up for a Dodge Challenger. Sure I could get a used Honda just to get around and potentially save $10,000. It’s nothing though compared to buying a $200k vehicle.

If we are to change the rich into being more giving those who become rich should set a better example. It’s not anyone’s place to really say what rich people should or shouldn’t buy. If I made millions, I’d set some money aside for myself but not buy something that has a very high price tag compared to the average price of a similar item, such as a car. The rest would go towards building a better future for humanity.

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