EVs: Range Is Everything
Readers respond to our contributor Friday who said he would move abroad if Biden reforms the current tax code.
“The new tax proposal applies only to the richest .3% of the population,” a reader writes. “If you have that much money and don’t want to help rebuild our country, then good riddance. Close the door on your way out.”
Truth is, moving abroad is a rare phenomenon in the U.S. That said, Americans surrendered their citizenship at record numbers in 2020, according to Bambridge Accountants New York, to the tune of 6,705. Or the highest number on record…
In the first three months of 2021, only 228 Americans have done the same, compared to the first quarter of 2020: 2,909.
“Americans must pay a $2,350 government fee to renounce their citizenship,” says an article at PR Newswire, “and those based overseas must do so in person at the U.S. Embassy in their country.”
Every three months, the I.R.S. is tasked with publishing the names of individual’s “who have chosen to expatriate,” as the I.R.S puts it. And we’ll hear from a few of them later this week…
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Monday, May 3, 2021…
EVs Have Range…
“Sales of EVs are on the upswing everywhere,” says a Fortune article. “Tesla CEO Elon Musk even predicted this month the Model Y could well become the top-selling car or truck worldwide next year.”
Not to be outdone, Ford, Volkswagen, General Motors and other automakers are in the race for battery-powered vehicles.
“While generous state subsidies and increasingly stiff emissions regulations help drive demand, a number of factors influence a purchase, such as a car’s styling, how fast its battery recharges, and of course its price,” Fortune says.
But the majority of buyers in the market for an EV share a common concern: they “won’t even consider an electric vehicle if its range doesn’t meet their needs.”
Here’s how ten EV carmakers stack up:
So, of the ten, only two electric vehicles, made by Tesla and Ford, have the capability of driving over 375 miles (we did the conversion for you) on a single battery charge.
But that’s about to change… The Tesla Model S Plaid Plus — due next year and priced around $180,000 — will have a range of 520 miles.
Fortune says: “Constant improvements in cell chemistry are pushing the range envelope for electric vehicles further and further, with some of the latest models able to drive as far as their internal combustion engine rivals.”
[Reader, do you drive an EV? Or are you in the market for an electric vehicle? Write in with your experience, and which factors led you into the EV car market.]
Market Rundown for Monday, May 3, 2021
S&P 500 futures are up 24 points to 4,205.
Oil is up 1% to $64.32 for a barrel of WTI.
Gold is up 1.5% to $1,794.60 per ounce.
Bitcoin is up 1.7% to $57,810.39.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We hope your week’s off to a great start… We’ll have more to say Wednesday.
For the Rundown,