security. and supporters say the auto industry is onboard with this radical shift. the car companies, every one of them has technology. they ve all made announcements about how fast they re going to transition to electric vehicles. so it will be disruptive. so the word i would use is, yes, it ll be disruptive. but it s not shocking and it s not surprising. reporter: but there are concerns, among them the capacity of california s all too often unreliable power grid to keep up with increased demand, the dependence on china for the raw materials to make ev batteries, the scarcity of charges in many places, the range limits of electric vehicles and the sheer cost. right now average price of an electric vehicle is $60,000 plus. low income or moderate income consumers can t afford electric vehicles at that price, so we have to work as a society to
consumers can t afford electric vehicles at that price. so we have to work as a society to help manufacturers come up with the technologies to drive that price down so that evs can be affordable for everyone. now, again, neil, we were expecting the vote a couple of hours ago. but at the california air resources board, they are still talking. a lot of hot air from people talking about zero emissions. neil. neil: thanks, jonathan. in the land of the traffic jams. doesn t seem to bad there right now. we ll see. more coming up and getting into the latest on the judge ordering the release of the redacted mar-a-largo raid affidavit. the big if by noon tomorrow is what we ll get by noon tomorrow. if anything at all. the latest after this. r: type 2 diabetes? discover the power of 3 in the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk,
this notion of a bigger public good, the oil companies are indebted to the people who invest. but as far as drilling more, long term there could be a discussion about that but this is not just pushing a button one day and suddenly more oil will come from the ground. it is a pretty involved process. i think so that where maybe we ll see some discussion in washington is encouraging companies, give them perhaps incentives or some environmental incentives to start drilling more. but they have so many incentives already. biggest tax breaks of any industry all right. no question. but this is a capitalist system and that is what prevails at least for the moment. gas tax holiday possible? i think it is being discussed. one thing which i ve been hearing from economists if you want to help the american consumer especially lower income consumers, offer some kind of subsidy. but that is a whole discussion as well. and there is no magic wand
petrol in their cars. so, unfortunately, it s a real double whammy for consumers and particularly for lower income consumers who spend a much higher proportion of their own wages on food and energy. all of this is likely to place new pressure on the government s finances at a time when it s still bearing the huge costs of the covid pandemic. experts say the chancellor faces a very difficult decision. should he borrow more money in order to pay for measures that might help struggling households and boost the incomes of public sector workers like nurses and teachers? or should he keep borrowing strictly in check and accept that that might cause widespread hardship? theo leggett, bbc news. investigators say a series of failures contributed to a fatal train crash in aberdeenshire in 2020. three people died when a scotrail service hit a landslide and came off the tracks after heavy rain in stonehaven. a report by the rail accident investigation branch said a drainage
it s called putin price hike. is he trying to blame everything on putin. but i am a mom. guy to the grocery store. i have been feeling this inflation since last year. since last summer. when he said it was transitory. well, hi, good morning to you, rachel. rachel: good morning. 10 months now hi, 10 months we have had inflation of 5% or higher. so i guess it depends on how you define short-term or transitory. it s clear that our policymakers under estimated not just the amount of inflation that we would experience but also the duration that we re experiencing. i don t think they anticipated it going this long. and it looks like we are still in the early innings of this thing, i m afraid. the average consumer out there as you said whether he or she is grocery shopping. filling their tank, they are the ones that feel the pinch. lower income consumers and middle income consumers who really bear the brunt of this thing. rachel: yeah. especially i think so much about our elderly who