Elon Musk may just realize that his business home is in Indonesia.
When it comes to innovation the automobile industry has been a laggard over the last few decades.
Improvements have occurred but innovation has been scarce. Elon Musk can claim to have forced automobile companies to innovate once he decided to get going on electric vehicles with Tesla.
Governments are playing their part as well in encouraging electric vehicles (EV) and discouraging gasoline vehicles. California has a policy of carbon credits wherein companies that pollute have to transfer money to companies that don’t. Dubai allows free parking and no toll for EV’s while Norway doesn’t charge Value Added Tax on EV’s as compared to 50 percent for several fossil fuel driven cars.
Other nations are joining in. France has decided to ban sales of petrol and diesel cars by 2040. Even China, the world’s largest market for electric vehicles, is mulling a ban on cars that run on fossil fuels. India has decided to sell only electric cars by 2030.
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