Good read. I liked this paragraph:
Kevin Czinger, Coda’s C.E.O., who drove me around Manhattan in his company’s soon-to-be-in-production electric car last week, laid out what is going on. The backbone of the modern U.S. economy was locally made cars powered by locally produced oil. It started us on a huge growth spurt. In recent decades, though, that industry was supplanted by foreign-made cars run on foreign oil, so “now every time we buy a car we’re exporting $15,000 of capital, paying for it with borrowed money and running it on foreign energy sources,” says Czinger. “We’ve gone from autos being a middle-class-making-machine to a middle-class-destroying-machine.” A U.S. electric car/battery industry would reverse that.
I've been saying that for for years, at least the part about exporting capital. And have been called a moron around these parts for saying so. It's all about "globalization" so it's ok. Glad there are now two of us anyway who think that.