Electric cars myth: when everyone buys an electric car, there isn't enough electricity to charge them all

submitted by Hoomsns from (youtu.be)

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[–]Tums_is_Smut_bkwrds 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (5 children)

The capacitors are replacing a 12V car battery for starting a car NOT for running it. It's a cool idea but I'm not sure how it applies to a discussion about EVs.

Let me qualify my assertion: Today's EVs are toys.

Presumably they'll get it right someday, but as the general, better alternative to ICE powered vehicles -- which is how they are constantly being portrayed -- the EV's that we have today are terrible. That's not to say that in some circumstances they are not acceptable, or better. My daughter, for example, has one and given where she lives and her lifestyle it's a fine solution. In fact I think it could be argued that for her it's even better than a gas powered car. Except when she wants to drive 400 miles to visit us, however. You know those charger networks they like to brag about? Well the reality of them is not so great. Maybe someday, but not today.

So yeah, there's a place for EVs. And what's more, as you point out, it's completely reasonable to expect that they will continue to be refined and improved. Presumably EVs will eventually surpass gas in all respects, though I'll be surprised if it happens in most of our lifetimes. Or some other technology that no one has thought of yet will make it possible. But baring some remarkable breakthroughs in chemistry we've squeezed virtually all we're going to get out of lithium, and that's not even touching on issues with supply. Did you see the recent article about the lady with a Chevy Bolt that has a bad battery? She can't get a replacement for 4 years because of how limited the supply is.

I'm hopeful that the research that's been going on into sodium batteries will start to bare fruit soon and that will take some of the pressure off of lithium. Sodium is better than lithium for certain applications, though unfortunately car battery is not one.

Anyhow I don't disagree with much of what you say. My point is only that as they stand EVs are not the solution to ICE powered cars that everyone wants them to be. But they are a lot of fun.

[–]Hoomsns[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

I mentioned supercaps because of how ev's take so long to charge and have a life span of a few years..

Supercaps have a smaller holding capacity for their size, but they charge very quickly, because they are electronic electric whatever and that could be a huge improvement right there.

I just wanted to show the video above to show how simple an ev can be, they don't need to be as complicated as Mr musk is making them.

I am very serious when I say that Mr musk is operating a Ponzi stock scam, on that he keeps selling selling selling more and more stock that he will never be able to buy back which means that the stockholders will be left holding a big bag of air while Mr musk retires with billions of dollars of their cash.

Chew on that.

[–]Tums_is_Smut_bkwrds 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Bitcoins are a ponzi scheme. Tesla, and Musk, is capitalism.

If you buy a Tesla you're at least getting the use of a car, and it's a pretty cool car at that. Whether the high price is justified and the fact that you don't fully own the thing is proper is besides the point exactly because you're driving one of the coolest toys money can buy.

And if you think that Telsa is a scam then what about the many many financial institutions that do absolutely nothing to generate wealth yet turn (often) high profits? I'm not saying it's right or wrong, but I am saying that participation is voluntary and what is more it (capitalism) is vastly superior to all of the alternatives.

[–]Hoomsns[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I made a claim about a Ponzi scheme and you began mixing apples and oranges..

He has issued way more stock than he will ever be able to buy back.. he keeps selling more and more and more...

The stockholders will be stuck holding worthless shares, eventually.. it might be a minute, but it will happen.

[–]Tums_is_Smut_bkwrds 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Well if you're going to call the stock market a ponzi scheme then I can call bitcoin one as well. In actuality neither are.

If Tesla fails it will be the result of mis-management or some other factor that results in loss in confidence in the corporation and a resulting devaluation of the share price. Companies routinely have more shares than they can buy back BECAUSE THE MARKET SETS THE VALUE. This is the essence of the so-called free market.

And if I'm starting to sound like a pompous twat it's because I'm several beers in and drinking does that to me. Anyhow I think we're done here.

[–]Hoomsns[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Companies routinely have more shares than they can buy back BECAUSE THE MARKET SETS THE VALUE

I do believe that this is a defective assumption on your part.

And no, the company that issues the shares decides what the initial face or par value is.

Stocks are not my focus, but I think that I am correct.