Then Payne emphasized, “Here’s the crazy thing. Host Sean Hannity noted that electric vehicles are charged on a grid that uses 88% non-renewable sources after requiring products mined by equipment that uses fossil fuels. There is nothing economic about it, and it does nothing-zero, zero-to even save the climate,” he said. Then Payne noted that the incentives to buy electric vehicles would go primarily to college-educated voters who do not need them because they can afford the price point. “The only part of this equation that we play a role in is at the very end of it. The United States’ share will fall from 9% to 6%. When the White House talks about energy security, I guess they’re talking about those batteries.” China’s share of the battery market is currently 77%, and according to Payne, the nation’s share will increase to 80% in the next several years. “This is the most important part to remember. “Then you get the batteries,” Payne noted. Recommended: The Biden Administration Has Found a Sneaky Way to Compile an Illegal Gun RegistryĬhina receives a huge chunk of the economic benefit because processing the raw material and creating the cell components occur there Payne explained: “What it means is we are going to continue to strip-mine the planet and poison the waters.” So the New York Times was mistaken? The paper assured its listserv that this was a “climate and tax” bill. “This bill does nothing on the climate side.” “Even if you loved the climate issue itself, the president is lying to you,” Payne said. Payne also explained the five stages of getting the raw mineral out of the ground, via strip-mining, and into the electric vehicle. Some comes from Russia.” Undoubtedly we produce nickel, right? Actually, that metal comes from Indonesia, according to the report. ” You have got to poison the water to get it out of there. “Lithium, some comes from Australia, some comes from Chile,” Payne continued. You ever seen videos of those kids, those seven-year-old kids, in filthy water? For about eight hours a day, twelve hours a day? No education, pennies on the dollar.” Payne explained, “The cobalt comes from Congo. So how will producing these materials create the “green jobs” that the administration promised? In short, it won’t. We’re going to need, the world, 50 more lithium mines, 60 more nickel mines, and 17 more cobalt mines,” he said “This is what the world is going to need just to meet 2030 goals. Referencing a July report from the International Energy Agency on the supply chain for electric vehicles, Payne talked about the supply shortages and what it would take to resolve them. On a recent episode of Hannity, Fox Business host Charles Payne broke down the real impact of a “transition” in transportation. However, that little conundrum is just one of the environmental horrors electric vehicles cause. Additionally, the duo has still been together even after the sexual rape allegations against Charles.Apparently, purchasing an EV has some inherent virtue because it plugs into an outlet that just so happens to operate on a power grid that runs predominantly on fossil fuels. Yes, he has been married to his wife Yvonne since 2004. Charles was born in the United States on November 15, 1962. He has a net worth of $12 million which he has accumulated while working as an author, principal analyst, and CEO of Wall Street Strategies, and a television personality for at least a decade and a half.
Therefore, it goes undebated that Charles has been able to cumulate decent career earnings over the years. He has been working as a CEO and principal analyst of Wall Street Strategies, host, author, and television personality at least for two decades. He works as the host of Making Money on Fox News. Since then he has published the book, Unstoppable Prosperity: Learn the Strategy I’ve Used to Beat the Market Every Year(January 2019). Furthermore, Charles authored his first book in May 2007, “Be Smart, Act Fast, Get Rich”. Not only is he a television personality and news anchor but also an author. Charles Payne Book | Unstoppable Prosperity
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