Posted on 10/27/2023 9:18:54 PM PDT by NoLibZone
A comprehensive new study of electric vehicles shows that the cost of running them is far more expensive than has been commonly thought. Brent Bennett and Jason Isaac issued their report for the Texas Public Policy Foundation, pointing out that advocates for electric vehicles claim the vehicles require lower maintenance and lower fueling costs than traditional vehicles, and future reductions in battery prices will make EVs less expensive.
But, they argue, “no one has attempted to calculate the full financial benefit of the wide array of direct subsidies, regulatory credits, and subsidized infrastructure that contribute to the economic viability of EVs.”
They give evidence that “the average model year (MY) 2021 EV would cost $48,698 more to own over a 10-year period without $22 billion in government favors given to EV manufacturers and owners. … Adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline.
And these estimates do not include the hundreds of billions more in subsidies in the Inflation Reduction Act (2022) for various aspects of the EV supply chain, particularly for battery manufacturing.”
“Nearly $22 billion in federal and state subsidies and regulatory credits suppressed the retail price of EVs in 2021 by an average of almost $50,000,” they note.
WHOAA....ping.
Better to search on a single, unique or likely unique word out of the title than the entire title, in case there is something else added to it, or a typo or something. In the case of your tile, I did a title search for the word gasoline, and that is rare enough amongst titles to clearly see that yours is the first post of this article.
It was hilarious watching Sen Kennedy question environmentalists thus week
Trying to get them to put a number on the cost to implement the Green New Deal by 2050
One had the audacity to claim $200b, at tops
My 1967 Camaro is going back on the road this next week with a new engine, transmission and paint job. A complete overhall costs me about $12,000, every 12 years. That’s less than $1.000 a year, and it’s value keeps rising.
My Camaro will be on the road 100 years from now.
We, the taxpayers, are forced to subsidize such things as up to $7,500 for buyers of an EV.
My my. Do tell.
(and eat bugs, too.)
“My Camaro will be on the road 100 years from now.”
It’ll be in a museum because they WILL ban gasoline when all else fails with the New Green Communism plan. They will nationalize the petroleum industry and then shut down consumer gasoline. They are that tyrannical.
I can hear my niece right now with her sneer: “Where’d you hear that? Fox News???”
Maybe a bug run will be acceptable driving...think ‘beer run.’
Toys for the rich paid for by the poor.
have they factored in the cost of the second owner losing his entire investment???
cause nobody in their right mind will buy a third hand car whose battery replacement will be cost prohibitive...
or are they selling refurbished battery packs now
but even then, i am confusion
Libs don’t care. Here in CA they’re about to blow up the wage structure for the bottom half of all workers and set off a wave of inflation by requiring a $20 minimum wage for fast food workers, effective January 1. As long as a policy makes them feel good, they don’t care about the cost
.
They don’t care.
Just like Hawaii’s delegation is 100% behind EVs and all mandates - even though that fire will still be burning if they had EVs in their garages and driveways.
They just don’t care if it’s $35.00 a gallon equivalent- they figure it’s more people forced onto mass transit. .
Camero from 67 can run a wood gasifier easily, if it has the space to mount one.
Ban trees ya liberal freaks.
bkmk cost of driving EV
We, the taxpayers, are forced to subsidize such things as up to $7,500 for buyers of an EV.
______________________________
But, they are saving the Earth!😜
They are spending their own money on saving the Earth, they deserve some help from you, you greedy pig!😜
A house down at the end of my street here has a ‘68 Torino parked in the back yard, and I find myself lusting after it.
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