The US hasn't even tried to make an ultra affordable EV. Not even an attempt!

Instead, we make Cybertrucks that no one wants, and then work the refs to kneecap better, smarter companies, to try and prevent anyone else from being successful at doing it.

Every day, I hear people prattle on about how the US Venture Capital industry is so innovative and forward-looking. Yet of all the billions spent (wasted), none of them were smart enough to fund a company making ultra low cost EVs.

Ultra low cost EVs will be the vast majority of all cars sold in the world by 2060. Look at how big the global auto industry is! That's a huge opportunity! And almost every US VC passed on it! 🤡

Warren Buffett was smart enough to see where this was all headed, and invested heavily in BYD back in the day. But Berkshire Hathaway is more of a private equity / diversified holding company, than a VC.

@mekkaokereke

18 percent of all cars sold worldwide in 2023 were EVs.

https://www.iea.org/reports/global-ev-outlook-2024/executive-summary

But in the US, it's only 6.5%.

https://www.edmunds.com/electric-car/articles/percentage-of-electric-cars-in-us.html

Why? Because Americans are by and large offered the most expensive EVs.
Those of us with more modest means get priced out, and the more affordable EVs aren't allowed into the US.

Because profits.