World Press Release: “A Revolutionary New Technology”
Ladies and Gentlemen of the Press:
As you know, it’s been over a hundred years since the Tesla-Daimler Corporation invented the battery-powered electric vehicle (BPEV) in 1902. Since then, enormous progress has been made. For the first half-century, the cost of manufacturing and maintaining electric automobiles was so expensive that, even with the trillions of dollars of taxpayer subsidies, only the affluent could afford one. (When, by 1950, as yet only one percent of the population was wealthy enough to purchase a BPEV, the phrase “the one-percent” came into general usage as a term of class disparagement.) Gradually, as has often been the case with new technologies, the price of electric vehicles has declined, so that today, in 2017, fully one in two families proudly boasts a BPEV in their driveways. And no one can deny the benefits that this marvelous invention has conferred upon society over the years.