Many of the changes needed to get us on the right climate path are going to meet with resistance, but it’s beginning to look as if getting people to accept electric vehicles may not be one of them. Things got very real with last month’s announcement of an electric version of the Ford F-150 pickup. Within seven days, the company had reported seventy thousand preorders—and the stock had jumped eight per cent. The car companies seem all in. Last week, Ford announced that it was putting down thirty billion dollars in new spending on E.V.s; General Motors has already said that it will be nothing but electric by 2035. By contrast, the banking sector seems determined to have it both ways, trying to make money off both fossil fuels and a renewable future.
By Bill McKibben. New Yorker. June 2, 2021.