Where do they “stockpile” their excess funds? In the stock market? (where the companies invested in apply it to their business needs) In bank accounts? (where the banks use it to create value which they then lend to customers who apply it to their needs – look up “fractional reserve banking”) Bury it in the back yard? Hint: the rich didn’t get rich by letting funds remain idle.
All true. But the important point that the proponents fail to include in their praise of EVs is the fact that according to the US Energy Information Administration, about 12% of energy production comes from wind and solar. All those trainloads of coal and pipelines full of oil are transporting EV fuel!!
Where do they “stockpile” their excess funds? In the stock market? (where the companies invested in apply it to their business needs) In bank accounts? (where the banks use it to create value which they then lend to customers who apply it to their needs – look up “fractional reserve banking”) Bury it in the back yard? Hint: the rich didn’t get rich by letting funds remain idle.