Jay Leno on Electric Cars, Hydrogen Fuel, Space Travel

Two years ago, we invited Jay Leno to write about his love of cars, and his thoughts about driving during the pandemic. In that article, he also talked about his fondness for electric cars.

A lot has happened in those two years, with technology companies, auto makers and governments betting a lot of money on electric vehicles as the transportation of the near future. So we thought it was time to check in with Mr. Leno, who is back performing at comedy clubs after his accident in which he suffered severe burns while working on one of his cars. He has new material from the accident, he says.

Here is what Mr. Leno had to say, as told to The Wall Street Journal.

Out with the old, in with the old

They had electric cars before they had gas cars back in the early 1900s. But at the time, what they didn’t have was electricity, at least in homes. I mean wealthy people had it, which is why wealthy Wall Street types bought electric cars for their wives, because they could putt around town and not get on your hands and knees and crank it and get dirty and set the choke and get gasoline on your hands and that kind of thing.

So electric vehicles were always quite popular for that reason. I’ve said this before, but for new technologies to succeed, it can’t be equal. It has to be superior on every level and to other forms.

I’ve got a 1909 Baker Electric and I’ve got a 1914 Detroit Electric that we’ve converted to modern electrics. We put air conditioning and Bluetooth and all kinds of things in the Detroit Electric. My 1909 Baker Electric has not needed any service in the 30 years that I’ve had it. I’ve replaced the batteries because they’re basically like golf-cart batteries, deep cycle six volts. And they last about 12 years. They’re not lithium ion. You could change to lithium ion if you wanted to, but it’s an antique vehicle.

Powering your car and home

I’m quite proud of American manufacturing.

The new electric Ford F-150 is unbelievable. I drove it as a work vehicle. It is eminently practical. You can you go 240 miles on it, and you can power your house for three days with it if you lose power.

When they had the big freeze down there in Houston last year and people had no electricity for days, dealers, in one of the most brilliant public-relations moves, just gave the trucks to people, and people powered their houses for days—making them, if not customers, certainly fans.

Affordable options

I thought a car that was just brilliant was the Chevy Volt. I had one for seven years. It’s a hybrid and you got 40 miles electric free without using any gas. It didn’t seem like much, but I put 90,000 miles on that car, only 3,800 of it was gasoline-powered. I used it at my shop: We’d plug it in, then we’d go to lunch in it, go run an errand and do some chores, which is 25 to 30 miles around Los Angeles. We’d come back, plug it in, and you go back to work for a couple of hours.

I was never having to switch over to the gas part of it. Once a year, every Dec. 7, not for any particular political reason, just every Dec. 7, I’d fill up the tank.

When the Volt stopped that they went to the Bolt, which is pure electric because in a lot of states now you can’t get the tax break or anything with a hybrid.

I think it makes perfect sense that you use your electric car during the week. To sit in traffic on the 405 freeway in bumper to bumper, in something that gets 7 to 9 miles a gallon, really doesn’t make a lot of sense. I used to have a Jaguar; it had a big V-8 engine that was supercharged, and that was $125 a week in gas. And I didn’t feel like I was going anywhere. I switched to the Tesla, and now it costs about the same as a cooking a turkey.

I think the electric car will be the great savior of the classic-car industry and gasoline cars. Remember, in the early 1900s, 500 tons of horse manure were dumped into the streets of New York City every day. Suddenly, the car comes along, and a puff of blue smoke in your face wasn’t so bad. Horses became something people loved, and used for show and racing.

That’s what will happen with the gas car. Sitting in L.A. traffic with a Ferrari going 8 miles an hour is nobody’s idea of fun. So you use an electric car during the week, and on the weekend you drive up in the mountains and use the Ferrari for what it was made for. Or maybe you have a ’65 Mustang. Now it is something to be restored and treasured.

Hydrogen fuel is a sleeper

I love reading future stuff. You look at the year 1900, and they said by the year 1950, women would be sitting in bars, smoking and drinking just like men. It showed women in hoop skirts with one leg in the air and they’re smoking cigarettes and they have a bottle of whiskey in the hand. They never even foresaw women having voting rights, women becoming senators, women having equality with men. They only saw it as they would pick up the bad habits of men.

Nobody ever thinks that far ahead.

Everybody predicted flying cars. But that never happened.

Nobody predicted when I was a kid that we’d be carrying a phone. When I was in the fifth grade, a guy from a Bell phone company came to our classroom, and he said by the time we were grown up, no American would be further than one mile from a phone, no matter where they were in the United States. And we just thought that was unbelievable. The idea of carrying a phone with you never ever occurred to anybody. A Star Trek communicator? That was hundreds of years in the future. But it has happened already.

The other great one for cars is hydrogen. Hydrogen can be a real player in the future and I would not rule it out.

I like hydrogen because the more alternatives you have, the better. During World War II, when there was a gasoline shortage, a lot of people pulled out their old Stanley Steamer cars. And people converted their cars. There used to be a thing called a gasifier. They would put it so it looks like a big stove in the back seat of the car and they would burn wood or coal, they would run a tube to the carburetor and the car would run on the methane from the burning of the wood or coal just like with gas. It was inconvenient, yes. It was messy, it was dirty, but it did provide transportation when gasoline was not available.

In case of some sort of natural disaster where, oh, our lines of fuel are shut off, we have electricity, we have hydrogen, we even have steam if necessary.

I demonstrated a hydrogen car back onstage in 2001. I said, “Give me a glass.” So I took a glass and I started up the hydrogen car on the stage, and I put the glass under the tailpipe and I went back to the talk. The byproduct of hydrogen is water. After 20 minutes, the glass filled up with water, and I drank it and people were astounded. It wasn’t the best-tasting water, but there was nothing harmful about it. Hydrogen is a viable fuel because the only byproduct is water. I think hydrogen is a sleeper.

Bullish on Tesla

Last year, I sold my old Tesla and bought a new one, the Tesla Plaid. That’s the latest version, and at least as of this date, it’s the fastest-accelerating car you could buy with the exception of the $2.5 million Rimac. If you’re looking for performance at a reasonable price, it’s a pretty good deal. My other Tesla was seven years old. I got $95,000 for it. It held its value. The battery dropped maybe 3% to 5%. As a first-generation Tesla, you got about 228 miles on a charge. When I sold it, it was 223, maybe. I never went to the Tesla shop for anything other than a flat tire.

Space travel

I realized I am not an out-of-the-box thinker. I remember talking to Elon Musk years ago about his high-speed train. And I asked, “You’re building this high-speed train to go like 200 mph.” He said, “Oh no, 800.” How can it be? He told me something like 800 mph, because it’s not a train, it’s a vacuum tube. And I realized he’s thinking on a level I’m not.

I have no interest in going into space. I see why he’s fascinated with it. But there’s nothing there. Imagine, you’re now on Mars. Todd? Susan? Anybody here? I don’t get it. I have no desire to perform in an empty auditorium. I gravitate toward cities. I don’t go to a mountain for three weeks by myself.

The recent accident

Eight days later, I had a brand new face. And it’s better than what was there before.

But really, it was an accident, that’s all. Anybody who works with their hands on a regular basis is going to have an accident at some point. If you play football, you get a concussion or a broken leg. Anything you do, there’s a risk factor.

You have to joke about it. There’s nothing worse than whiny celebrities. If you joke about it, people laugh along with you.

MANALAPAN, FLA.— The Deal-Closer. That’s what real-estate agent Jack Elkins jokingly calls the Hinckley picnic boat he docks on the Intracoastal Waterway in the Florida community of Manalapan.

From the road, many of Manalapan’s mansions are shrouded by plantings and foliage, but they are clearly visible from the water, Elkins explained. A boat ride is often the best way to show properties to the wealthy buyers now flocking to the tiny town.

On a recent afternoon, Elkins cruised down the Intracoastal in the The Deal-Closer, passing mansion after mansion, most with their own docks. “When I was a little kid, almost all of this was jungle,” said Elkins, 46, who spent much of his childhood in the area. “There were foxes and parrots and all these wild animals.”

Manalapan, a roughly 2.4-square-mile town with a population of about 400, is just south of glitzier Palm Beach.

While Manalapan has long drawn moneyed residents such as the singer Billy Joel, it has historically lacked the prestige—and price tags—of Palm Beach. That has changed dramatically over the past five years, however, thanks to a series of major home sales.

In 2022, for example, Oracle billionaire Larry Ellison paid $173 million for a historic Manalapan estate. And David MacNeil, the founder of the automotive-accessories manufacturer WeatherTech, has spent a combined $94 million over the past year on a pair of neighboring sites, with plans to build a megamansion there.

“People like Larry Ellison and David MacNeil, these individuals can afford to buy real estate anywhere in the world,” said local real-estate agent Nick Malinosky of Douglas Elliman . “Manalapan is not a second choice for them. It’s their first choice.”

On South Ocean Boulevard, Manalapan’s most affluent corridor, about 21 homes have traded for more than $20 million each since 2020. At least six have sold for $40 million or more, up from only one in that price range during the previous five years.

In 2021, eBay billionaire Jeffrey Skoll bought an ocean-to-Intracoastal estate for $89.93 million, while Joel’s longtime home sold last year for $42.6 million.

Now, however, it is unclear whether Manalapan’s hot streak can continue. Like luxury markets across the country, the town is contending with stock-market turmoil and the fallout from President Trump’s tariffs.

Like many Manalapan residents, local developer Stewart Satter, who is listing a yet-to-be-built spec home for $285 million, is a Trump supporter. During the 2024 election, Satter flew a giant Trump flag above the site.

But tariffs have “created a tremendous amount of uncertainty at the minimum, and that is not good for business,” Satter said. “It’s not good for real estate. People say, ‘Let’s wait. We’re not going to buy a house, we’re not going to build a house.’”

Hitting the big time

Elkins’ cuddly Native American Indian Dog, Bear, lounged on The Deal-Closer’s blue-and-white-striped seats as the boat zipped along the Intracoastal, passing glassy modern mansions and traditional Mediterranean estates.

To catch a glimpse of Ellison’s roughly 16-acre oceanfront estate, Elkins guided the Hinckley through the Boynton Inlet into the choppy Atlantic, where the sandy beach in front of Ellison’s property was visible.

Known as Gemini, the gargantuan mansion was once owned by the late publishing magnate William B. Ziff Jr., who brought in large plantings and trees from South America for the landscaping.

“When I was a little kid, barges were going by our house with these huge trees,” Elkins recalled.

Ellison has approved plans to add more homes to the estate. He also paid about $277 million last year for Manalapan’s Eau Palm Beach Resort & Spa, home to the members-only La Coquille Club, and talk is rife about how Ellison might upgrade the property. Ellison didn’t respond to requests for comment.

It’s a strange feeling, Elkins said, to see Manalapan hit the big time.

Before Covid, the town was often confused with its namesake: Manalapan, N.J. Tiny compared with Palm Beach, Manalapan developed much more slowly than its famous neighbour. It lacks the commercial infrastructure of Palm Beach, and its low-density zoning has kept it largely free of major condos or resorts.

When Satter, the developer, bought four empty lots in Manalapan in 2005, parts of the town looked like “just a mess of woods,” said his wife, Susan Satter. “I said, ‘Is this really how we want to invest our money?’”

Over the next decade, her husband built spec homes on three of the lots and sold them for a significant profit. He kept one, building a mansion there for himself and his wife.

“I thought I’d discovered a really special place,” said Stewart, who tested products for Walmart before turning to spec-home development. “If I had known what was going to happen, obviously, in the rear view mirror, I would have bought the whole town.”

The buyers of Satter’s projects include Ron and Cindy McMackin, who paid roughly $39 million in 2020 for a roughly 15,500-square-foot waterfront house with six bedrooms, then expanded it.

The couple, founders of the mechanical subcontracting company Pan-Pacific Mechanical, had relocated from Hawaii to South Florida during COVID.

“We knew nothing about Manalapan when we moved here,” said Ron, 78. He and Cindy were in the process of moving into a Palm Beach property they owned when their real-estate agent, Lawrence Moens , called. The actor Sylvester Stallone was searching for a home amid the Covid-induced real-estate frenzy, and wanted to see their house.

Before they knew it, they had agreed to sell to the “Rocky” star for $35.375 million, 33% more than the $26.65 million they had paid two years earlier.

This left them without a house. It was slim pickings in Palm Beach, and with five children, they needed plenty of space. Moens suggested Manalapan. At the time, the less-flashy choice was surprising to some of their Palm Beach friends. “I did hear a couple of times from people after that, ‘Why would Lawrence take the McMackins to Manalapan?’” said Ron.

But the McMackins love that it is quieter than Palm Beach, with less traffic. The couple have Sunday dinners with their neighbours, and Cindy has a small group of girlfriends who call themselves the “Manalapan mafia.” The McMackins like it so much that they are building a new, larger home along the same stretch.

Food-service entrepreneur Bob Carlucci and his wife, Aileen Carlucci, paid $11.63 million in 2020 for a roughly 13,000-square-foot Manalapan mansion on the Intracoastal, with a small beach house on the ocean. They are happy to have “discovered Manalapan early, ” Bob said.

Many buyers are tearing down older homes to build new mansions, Malinosky said. Before COVID, Manalapan was seen as more of a vacation destination, so buyers weren’t as choosy. Now that many are seeking full-time homes, however, “they want to make sure that it has the spa, it’s got the 12-car garage, it’s got the fitness centre, it’s got the wellness centre.”

Another prized amenity is a tunnel that runs underneath Highway A1A. Portions of the town are on a barrier island, and some homes sit on the ocean, requiring residents to cross the busy road to reach their docks on the Intracoastal.

Other estates are on the Intracoastal but have small beachhouses on the ocean. A tunnel allows residents to easily go from one side to the other.

Construction of these tunnels has become a rare point of contention between residents. In January, one couple asked the town commission to stop their neighbors from digging under the highway during the tourist season, claiming it was causing traffic to back up.

Building on the coast comes with challenges. Florida building code now requires roofs, windows and doors in high-risk areas to withstand winds of up to 170 miles an hour, according to builder Robert Burrage, who is building MacNeil’s home and four others in Manalapan.

Satter said the property insurance on his personal residence in Manalapan doesn’t include coverage for hurricane damage because it was too expensive. In addition to the annual premium, which was about $150,000 a year, he would have faced a deductible on hurricane damage of about 10% of the assessed value of the house.

He isn’t concerned with rising sea-levels, however. “When I bought my first oceanfront lot, my late father-in-law said, ‘What the hell are you doing? Don’t you know about global warming?’” Satter said. “I sold it at a huge number [in 2016] and made a lot of money. It’s been sold again and again and again—and the water hasn’t done anything.”

Stock market slide

Manalapan’s proximity to Mar-a-Lago has added to its popularity since Trump’s election to a second term, Malinosky said. Many residents support Trump. In the McMackins’ home, a bedazzled MAGA purse hangs in Cindy’s closet and a photo book in the living room shows her attending a Trump event at Mar-a-Lago, where they are members.

But the trade war and stock-market volatility have injected uncertainty into the real-estate market.

Until recently, Hamptons home builder Joe Farrell was considering paying more than $30 million for a building site in Manalapan, he said. He has decided to hold off on any acquisitions for now, however, because of the tariffs and resulting stock-market fallout.

“The market seems to still be pretty good, but people are maybe a little more cautious about parting ways with liquidity,” Farrell said. “I want to see things stabilize before I commit to that kind of capital outlay.”

Elkins said one of his clients considered backing out of a $10 million deal over the last few weeks on Point Manalapan, but decided to move ahead to avoid forfeiting the deposit.

Malinosky said he still sees significant demand for big-ticket properties in Manalapan, especially since many wealthy people are taking money out of the stock market. He said he has closed more than $150 million in deals in the greater Palm Beach area over the past two weeks.

Even with the uncertainty, “there is no shortage of buyers that will spend $100 million right now in Manalapan,” he said.

Shelly Newman, an agent with the Corcoran Group, said she recently sold a piece of land to a spec-home developer for $25 million. And the McMackins are moving ahead with plans to complete their new house, though tariffs have been “the talk of the town,” Ron said.

“I do have a stock portfolio and it is down,” he said. “But I don’t let that affect what I’m doing. We’re very fortunate with resources.”

While Satter agrees with efforts to bring manufacturing back to the U.S., he said he has been blindsided by the extent of the trade war. “I’m not sure about how they’re rolling it out,” he said.

A handful of potential buyers have expressed interest in his $285 million listing, he said, but he realizes the prospective buyer pool is tiny. “There are going to be three or four people who ultimately show real interest and have the capacity to pull the trigger,” he said.

Ultimately, he said he isn’t too worried about the prospects for sale, since he can afford to sit on the property long-term.

Still, real-estate agents said Satter’s property and others may be priced too aggressively, even without tariffs.

British hedge-fund billionaire Chris Rokos is listing his 3-acre Manalapan estate for $150 million, more than triple what he paid for it in 2017. And real-estate investor Vivian Dimond recently cut the price of a Manalapan home by $14.5 million, to $64.5 million. It’s been on the market since September 2024.

For some Manalapan residents, home values are beside the point. Bob and Aileen Carlucci, for example, have no intention of moving.

“We look at each other and we say. ‘This is it,’” Bob said. “You can’t get anything better, we don’t believe—in this country, at least.”

Jay Leno on Electric Cars, Hydrogen Fuel, Space Travel—and His Recent Accident

The comedian and car lover has been very happy with the EVs he has bought. He is less interested in leaving Earth, though.