More misinforming
the public
by the oil industry and the media
regarding EVs
 |
|
|
Jim
Cramer |
Mike
Wirth
CEO of Chevron (oil company) |
Keep in mind that every month, Chevron gives CNBC two million dollars (for ads). That buys influence. Always has, always will. And Jim Cramer works for CNBC, so he knows who butters his bread. So Jim (and Mike) have no problem misinforming the public.
In this interview, Jim starts out by saying that he thinks that buyers of EVs are having regrets (he termed it "EV regret"). Yes, some buyers of non-Tesla EVs regret not buying a Tesla instead of the EV they did buy (Teslas offer better value per dollar), but as far as EVs in general, no, people aren't regretting buying an EV over a gasoline-powered car. And there are good reasons for this. And the surveys bear this out. So, strike one for Jim.
Jim then says that EV owners are finding it difficult to charge at public chargers. But about 90% of EV owners charge at home, but yes, some public EV chargers suck... but not Tesla's chargers. With a 99.95% up-time and seamless billing, they are a joy to use... and most EVs on the roads in the U.S. are Teslas. But even the Ford, GM, Audi, and other EVs will be able to use the Tesla chargers in 2024. So Jim is cherry-picking data and not mentioning this other info in order to mislead the public at the behest of the oil industry.
Jim goes on to say that EVs are too expensive. And yes, some are expensive, but the average transaction price of a Tesla EV is now lower than the average transaction price of a gasoline-powered vehicle in the U.S. So Jim is not being honest about this issue either.
Jim then asks Mike if Chevron can now "revise down the challenge from EVs". And of course the CEO of a fossil fuel company said that the pattern they are seeing is the same one they saw when hybrid vehicles first appeared; the people who wanted them, got them, and then that demand surge died down. Funny, for EVs, the stats show otherwise. EV adoption is rising monthly, steadily (EVs are better than both gas cars and hybrids). But the CEO of an oil company has to paint a picture that will – hopefully – get people to not consider getting an EV. Why? Because every EV that is bought instead of a gasoline-powered car means less profits for the oil industry... this is a direct correlation. So of course they will do whatever they can do to slow EV adoption... even misrepresent the truth... meaning, lie.
And from the structure of this interview, I'm willing to bet that Chevron asked CNBC to do this interview, and Jim Cramer was coached on what to say and what to ask. This is why, those who want the truth should NOT be listening to the mainstream media.
This tweet from Jeff Lutz (an EV industry expert) which refers to this video interview says it all...
