Quote:
The price of fuel is guaranteed to go above $3/gal in both nominal and real terms.
Just because Neil can afford a $40k vehicle doesn't mean others can
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Guaranteed is a strong word. Here are a couple reasons why I disagree:
1. Neil's ev lease cost ~$150/month IIRC.
2. You can buy a used Volt for <$20k. That's affordable for most.
3. CAFE standards
BTW I pay about $1.80/gallon in New Mexico. The indian reservations around here don't charge tax.