New Jersey, You MUST Buy
Electric Vehicles
Rodney Johnson | June 13, 2019 | The state of New Jersey is putting a stake in the ground. Or rather, a stake through the hearts of taxpayers and citizens. But that's nothing new. Anyway, Governor Phil Murphy recently announced the state government's goal to reduce carbon emissions 80% by 2050, compared with the 2006 levels. That's great. He plans to do it by massively renovating infrastructure, dramatically changing building codes… and somehow encouraging hundreds of thousands of New Jersey residents to buy electric cars. That sounds iffy, at best. The initiative is called the New Jersey Partnership to Plug-In and will be co-led by the New Jersey Board of Public Utilities, New Jersey Department of Environmental Protection, and the New Jersey Economic Development Authority. So… a huge undertaking to shift the state's economy to a different energy profile won't have one clear leading entity, but rather three government bureaucracies. That always works out. The government hasn't put a price tag on the infrastructure build out or increased regulatory costs, but it does think the new move will create some jobs. That seems pretty obvious, since it clearly will require lots of new government clerks, administrators, and inspectors, and probably gobs of consultants. At least in the auto industry we get a glimpse of the size of the issue. The governor's plan calls for adding 330,000 zero-emission vehicles (battery electric vehicles, most likely) to the road between now and 2025. On a straight-line basis, that would mean New Jersey consumers buying 66,000 per year, which is about 5% of the total of all new vehicles sold in the Garden State last year. But of those sold last year, only 12,000, or roughly 2%, were electric vehicles. Clearly, something has to change. READ MORE » | While tens of millions of investors, business owners, and self-employed professionals will be losing their nest eggs, going out of business, and struggling financially for years to come… Those who possess one of the limited copies of this highly sought-after financial research will be able to GROW their retirement funds, EXPAND their businesses, and PROSPER like never before… For complete details, CLICK HERE. | Trending Stories... Never mind that China is the talk of the world, right now, what with the U.S.-China trade war in full swing, I've talked a lot about China's overbuilding bonanza since the 1980s… and especially since 2000 with total debt exploding 64 times since. China doesn't just print money like the rest of the developed world.... I haven't tried a Beyond Meat (Nasdaq: BYND) burger, but I want to. With all the hype surrounding the company, and restaurants adding it onto their menus, it just seems logical to give it a test run. What's the worst that could happen, I waste $7 and never do it again? My wife isn't convinced.... I recorded this video on Friday because last week's market action moved us closer to my second scenario in the greater Dark Window play, but I waited until today to send it to you because I wanted to see how markets opened this morning. Earlier, I wrote to Boom & Bust subscribers with an update,... A couple of weeks ago my family gathered at my sister's house for an afternoon by the pool. At one point, my dad looked over and said, "Thanks for the investments last month. Does that one company do music?" I handle his portfolio, and he'd made good money the previous month, with one holding standing... You understand how powerful cycles can be at predicting market moves ahead of time. Here at Dent Research, we've used them to help predict almost every major market move of the last 30 years. For example, using the power of cycles we called… The U.S. recession of 1990-1991; The following bull market from 1994-2000; The... |
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