The death of the internal combustion engine : (UBS Bank) optimistically predicts electric vehicles will make up 14% of global car sales by 2025, up from 1% today. Others have more modest forecasts, but are hurriedly revising them upwards as batteries get cheaper and better—the cost per kilowatt-hour has fallen from $1,000 in 2010 to $130-200 today. Regulations are tightening, too. Last month Britain joined a lengthening list of electric-only countries, saying that all new cars must be zero-emission by 2050. The shift from fuel and pistons to batteries and electric motors is unlikely to take that long. The first death rattles of the internal combustion engine are already reverberating around the world—and many of the consequences will be welcome.

Will Stepp Join U.S. EPA Wrecking Crew? : Wisconsin Department of Natural Resources Secretary Cathy Stepp has confirmed to the Journal Sentinel that she’s been discussing joining the Trump administration.

Walker’s Desperate Deal With Foxconn : But the Foxconn deal will give away tax money in a style that makes the WEDC look like a piker. Rather than a tax credit for seven percent of payroll, Foxconn will get 17 percent, and for 15 years, not nine. In short, the state will get less than 30 percent of the tax credit back in income taxes paid by workers, losing a huge amount of money for 15 straight years.

One Response to What We Are Reading 08/11/2017

  1. AJ says:

    As anyone calculated how negative this Foxxcon deal will be for the people of South Eastern Wisconsin. It will still lead to 585 bucks in state government cuts per adult plus they will be paying all the local bills and getting a property tax hike thanks to TIF. As bad as this deal is for the state it is worse for the people near Kenosha.

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