• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Wyoming wants to phase out sales of new EVs by 2035

January 16, 2023
in Finance
Reading Time: 2 mins read
A A
0
Wyoming wants to phase out sales of new EVs by 2035
0
SHARES
5
VIEWS
ShareShareShareShareShare

While jurisdictions like California and New York move toward banning the sale of new gasoline-powered cars, one US state wants to go in the opposite direction. Wyoming’s legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035. Introduced on Friday, Senate Joint Resolution 4 has support from members of the state’s House of Representatives and Senate.

In the proposed resolution, a group of lawmakers led by Senator Jim Anderson says Wyoming’s “proud and valued” oil and gas industry has created “countless” jobs and contributed revenue to the state’s coffers. They add that a lack of charging infrastructure within Wyoming would make the widespread use of EVs “impracticable” and that the state would need to build “massive amounts of new power generation” to “sustain the misadventure of electric vehicles.”

SJ4 calls for residents and businesses to limit the sale and purchase of EVs voluntarily, with the goal of phasing them out entirely by 2035. If passed, the resolution would be entirely symbolic. In fact, it’s more about sending a message to EV advocates than banning the vehicles altogether. To that point, the final section of SJ4 calls for Wyoming’s Secretary of State to send President Biden and California Governor Gavin Newsom copies of the resolution.

“One might even say tongue-in-cheek, but obviously it’s a very serious issue that deserves some public discussion,” Senator Boner, one of the bill’s co-sponsors, told the Cowboy State Daily. “I’m interested in making sure that the solutions that some folks want to the so-called climate crisis are actually practical in real life. I just don’t appreciate when other states try to force technology that isn’t ready,”

While the resolution has the markings of a political stunt, it does allude to genuine economic anxiety. Wyoming produced 85.43 million barrels of oil in 2021, making it the country’s eighth-largest crude oil producer that year. The state’s Carbon County is also home to one of the largest wind farms in the US. Something that’s not talked about enough when it comes to climate change is how the world transitions to a zero-emissions economy in an equitable way. People in many rural US states are rightfully mistrustful of so-called green technologies because they haven’t benefited from more recent technological shifts as much as their urban counterparts. Take the advent of the internet, for instance. In 2018, Microsoft found that many rural communities don’t have access to broadband internet. That’s something that has contributed to diminishing economic opportunities in those places.

Credit: Source link

ShareTweetSendPinShare
Previous Post

RBI Governor: Crypto Should Be Banned

Next Post

Millions of Aussies letting $243 go to waste

Related Posts

Gig companies are now obsessed with profits—not just revenue growth, says analyst.
Finance

Gig companies are now obsessed with profits—not just revenue growth, says analyst.

February 3, 2023
5
White House top economic advisor Brian Deese to depart mid-February
Finance

White House top economic advisor Brian Deese to depart mid-February

February 3, 2023
3
Americans prefer to cling to cash after shaken by stock market volatility
Finance

Americans prefer to cling to cash after shaken by stock market volatility

February 3, 2023
7
Tech stocks extend post-Fed rally, Dow futures lag
Finance

Tech stocks extend post-Fed rally, Dow futures lag

February 2, 2023
4
2 reasons Meta stock is exploding 20% after a whopper earnings miss
Finance

2 reasons Meta stock is exploding 20% after a whopper earnings miss

February 2, 2023
6
Next Post
Millions of Aussies letting $243 go to waste

Millions of Aussies letting $243 go to waste

Recommended

LBank Reveals More About Its New Derivatives Trading Program

LBank Reveals More About Its New Derivatives Trading Program

January 13, 2023
6
US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week

US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week

January 8, 2023
5
Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley

Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley

February 1, 2023
5
Nigerian central bank moves to regulate Stablecoins and ICOs

Nigerian central bank moves to regulate Stablecoins and ICOs

January 11, 2023
6
‘We can expect mortgage rates to go down’

‘We can expect mortgage rates to go down’

January 15, 2023
6
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Cellular IoT Module Market: Thriving Business for Multiple End-use Industries
  • Altcoins go green with AI tokens leading the way
  • LBank Exchange Will List Fief (FIEF) on February 8, 2023

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?