The World Economic Forum (WEF) wants to reduce the number of cars around the world by 75% by 2050.
- In a briefing paper released last month they state “if we are to meet their needs and achieve the climate goals of the Paris Agreement, the report recommends “electrification, public transport and shared mobility.”
People prefer owning cars because it gives them unparalleled mobility, and today most are powered by fossil fuels because they offer better performance and value.
- If mass transit offered equal or better performance, and was competitively priced without heavy taxpayer subsidies, more people would choose it.
- There’s also the small matter of what energy sources are going to provide all of the electricity for the electric vehicles that will replace gas-powered engines.
Meanwhile, the goals laid out by the WEF will require a vast project in central planning at untold cost.