What does the emperor do when he sees his kingdom collapsing? Well, what does Saudi Arabia do when it sees electric vehicles taking over the world and drying up the need for all its oil?
These Saudis are not fools. They can see the writing on the wall. It might appear they will fight to the end to preserve the gasoline car, but will they?
Truth is, the year 2030 is closing in, and the Saudis see it coming. Yes, you know what 2030 is about. That's the year carbon emissions are to be slashed by 50 percent all over this blue-sky earth of ours.
So, have you ever heard of something called Saudi Vision 2030? It's Saudi Arabia's plan to reduce its dependence on oil. They can see the billions upon billions of dollars they are reaping from oil has an expiration date. And, rather than go down with the ship, the Saudis plan to expand their tourism and recreation sectors, and to see if it can squeeze more money out in their health, education, and infrastructure sectors.
Hey, here's the kicker: The Saudis -- the reapers of so much money from gasoline cars -- are about to come out with their own electric car. Yep, they announced as much last year. The government's Public Investment Fund (PIF) is partnering with Foxconn -- no smudge of a company there; Foxconn is the maker of Apple iPhones -- to produce a brand of vehicles to be called Ceer. Ceer will be the first electric brand in all the Kingdom of Saudi Arabia.
And just when might this happen? When are these Ceers to start rolling off the assembly line? Two years from now in 2025.
Hmm -- just of interest -- 2025 is the year the Paris Agreement says greenhouse emissions must peak before the numbers are turned around and carbon emissions start heading down.
Benji Franklin said something to the effect if you fail to plan, you plan to fail -- and these Saudis don't plan to fail; they have a plan for when their pedestal of oil is knocked from underneath them.
(Index -- Climate change info)
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