House Financial Services Subcommittee On Capital Markets

House Financial Services Subcommittee On Capital Markets

House Financial Services Subcommittee On Capital Markets

Electric Cars Return to the Market

In the early 2000s, California was doing the responsible thing in encouraging car manufacturers to design cars that would have zero-emissions by the year 2003. The car manufacturers were successful in creating such vehicles but due to relentless political pressures, the California mandate was rescinded and most of the cars were eventually destroyed.

This follows the historical patterns of fear and annihilation. It’s simple. Oil companies were fearful because the Zero-Emissions Vehicles (ZEVs) would impact their long-term sustainability due to decreased dependence on their product, oil. They had the power and resources to manipulate people, companies, and the government by “motivating” them to consider more oil dependent alternatives. Their strategies included purchasing controlling interests in battery manufacturers, negative advertising (against electric cars), and financing campaigns that would restrict publicly accessible recharging stations.