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Fabled Silver Gold Corp T.FCO


Primary Symbol: V.FCO.H Alternate Symbol(s):  FBSGF

Fabled Silver Gold Corp. is a Canada-based company. The Company is focused on identifying new opportunities.


TSXV:FCO.H - Post by User

Post by JulianAssangeon Oct 12, 2017 8:28am
72 Views
Post# 26803240

🔮Electric Car is Coming, No Matter What the Reasons🔮

🔮Electric Car is Coming, No Matter What the Reasons🔮
Canadian Prime Minister Justin Trudeau along with Ontario Premier Kathleen Wynne plug in a Chev. Bolt electric car as they were on hand at the Oshawa General Motors Plant to announce 1,000 new jobs across Ontario on June 10, 2016.
Canadian Prime Minister Justin Trudeau along with Ontario Premier Kathleen Wynne plug in a Chev. Bolt electric car as they were on hand at the Oshawa General Motors Plant to announce 1,000 new jobs across Ontario on June 10, 2016.
 
General Motors last week startled the automotive world with a deeper commitment to electric cars into the next decade, a timely reminder of how quickly things are changing because of advancing technology and the public’s growing acceptance of vehicles that operate on electricity.
Such acceptance was unheard of even a few years ago. But what then seemed like a futuristic dream has become entirely plausible, thanks to automotive pioneers like Tesla whose all-electric vehicles can be seen, infrequently, on Ontario’s highways.
As always, private industry is leading the way. Governments have been encouraging the adoption of electrical vehicles for some time through public policy and financial incentives. But the vehicles’ ultimate success has always depended on the willingness of private corporations to risk capital and their ability to convince buyers of the electric car’s value.
GM on Oct. 2 unveiled plans to roll out two new electric vehicles over the next 18 months and a total of 20 over the next six years. But more importantly, the corporation’s head of product development said, “General Motors believes in an all-electric future.”
Details are few, but the statement suggests GM is banking on a future where electric vehicles will dominant the landscape, beginning with the next decade.
Outside of public policy and financial incentives (which should be unnecessary after electric cars become more common) governments have done surprisingly little in providing for the type of infrastructure necessary to support such a vast paradigm shift in transportation.
But what should government do?
Over a century ago, when the automobile was becoming a dominant feature in Canada and the U.S., it was left to private interests to provide the infrastructure for fuel and service. It became public policy that government should assume responsibility for improved public roads, but that came only after the advocacy of automobile leagues and associations.
Tens of billions of dollars have since been spent developing a network of roads and highways, all of it funded by public money, under the implied belief that such development is good public policy.
Although the automobile was developed without government involvement, the electric vehicle has been actively encouraged by public policy and legislation. California in 1995 set the tone with legislation demanding that for companies selling vehicles in that state, at least two per cent of sales must be electric. Major cities in Europe now have targets to ban fuel-driven vehicles from their streets.
Companies like GM are being driven by two forces: The public’s growing acceptance of electric vehicles, and legislative prodding by government. It’s a challenge to understand which force is greater… but it really doesn’t matter. The electric car is coming.

https://www.chathamthisweek.com/2017/10/10/electric-car-is-coming-no-matter-what-the-reasons-2
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