The world’s largest car market just announced an imminent end to gas and diesel cars - Vox
China, India, and Europe are getting rid of gas and diesel vehicles much faster than most Americans realize. It will happen here, eventually, but the US is lagging behind the rest of the developed world in most important industrial and technological developments. Other nations are taking over the markets of the future and developing the technologies that will be at the heart of the economy in the near future. How about this sentence: "In most big markets outside the US, EVs are the hot thing"? Here's another: "In July, Volvo announced that all its models introduced in 2019 and after would be hybrid or electric." Yes, electric cars are "the hot thing" everywhere except here, where Americans are still salivating over V-8 pickup trucks and the national government is run by a party that denies the existence of global warming because they are on the take from the oil industry. And it isn't just that the switch to electric. At the same time, cars are going driverless, and the Chinese are trying to beat us to the market with this technology. The implications for the housing market of the transportation revolution that is happening everywhere but here are pretty dramatic.