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.
They just don’t care if it’s $35.00 a gallon equivalent- they figure it’s more people forced onto mass transit. .
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Yes. Ever heard about Road Diet?
That’s the plan to replace car lines with bike and bus lines. Cut off roads, and parking lots, do not allow nonresidents in designated areas, get rid of freeways (They divide people!), rising fuel costs, taxes, etc.
Make cities in a way that everything you need is within 10 minutes walk or bike.
Basically made driving such a nuisance that people will be forced into mass transit.
Getting back to the Medieval times is their ultimate target!
Wow! Virtue signalling isn’t as cheap as it used to be.
no different than cash for clunkers
a complete waste of money
ONE MASSIVE FAILURE IN ALL OF THIS THAT NO ONE IS DISCUSSING:
MOST POWER transmission lines across the USA are not designed to carry power for everyone living all electric & charging EV’s.
MOST homes do not have the capacity, either.
ONLY for those built by union workers. Tesla is NOT union.
IT is 99 miles between Nevada/Utah border & west side of Salt Lake City.
ONLY thing in between is Bonneville Salt Flats.
In multiple ways, to the tune of over $50,000 per EV over 10 years. The cars are subsidized, the electricity and electrical infrastructure are subsidized, the roads they are driven on are subsidized. For the price of a Camry, you can drive a car that out-accelerates a Ferrari and is cheaper (for the owner) to drive than an Accord. But we are all subsidizing these cars. Not so different than rooftop solar.
I used to see a late 60s Camaro, white with orange stripes, in a back yard on my way to work. There was a sign in the window...
“Not For Sale”
I guess the owner got tired of people trying to buy it!
“We, the taxpayers, are forced to subsidize such things as up to $7,500 for buyers of an EV”
And next year that $7500 won’t be a tax credit, it will be a welfare credit. No need to pay a dime of Fed tax to get a $7500 discount off the top of the final price. The Dealers will bill the $7500 to Guberment. Now get a job promotion during the year putting you over 150k (and paying plenty in Fed tax) a year, Guberment will come after you to claw back some or all of the $7500. How f’ed up is that?
Most of those politicians making policy couldn’t pass an eighth grade math test. The way they make policy tells us so.
Nice.
Why is it that every government intervention into the marketplace inevitably turns into a massive waste that enriches a few while leaving everybody else worse off?
Who coulda seen that coming?
You’ll drive nowhere... and youll be happy!
(and eat bugs, too.)
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Well done! First laugh of the day!
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.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Talk to ‘em, make ‘em an offer. You might be pleasantly surprised!
It is for the ev folk...
Its costing thee and me to subsidize them.
I’ve driven that stretch many times. I love the salt flats; unlike anything anywhere else in the country. That weird salt molecule sculpture next to I-80 before you get to Wendover is kind of creepy and adds to the overall other-worldly feeling.
Seeing the lights of Wendover in the distance late one night I thought it looked like a base on some alien planet. Given how isolated it is it might as well be.
I can’t believe people are not able to work that out on their own. Of course they will ban gasoline and diesel from being sold.
Covid gave them the template to get 85% of Americans to comply in every aspect of their lives.
We will never be free again.
Sounds like a bargain to me. NOT.
There is no economic advantage to a battery-powered EV except in a very narrow niche application. A hybrid using electric traction power, with the energy supplied by an internal-combustion engine driving an on-board generator, is a much better solution on an interim basis, until hydrogen fuel cells can substitute for the on-board generation system.
But the hydrogen infrastructure would have to be developed FIRST before that program could be itself economically feasible. That includes vastly expanding the electric power generation capacity, using nuclear energy as the primary source. Nuclear power generation has gotten a very bad rap because of Three Mile Island, Chernobyl, and Fukushima disasters, using light-water uranium reactors. It is no longer necessary to rely on that technology, developed over sixty years ago, with its attendant problems and clumsy procedures for control (either flatout or all off). Small modular reactors have been designed and are ready for widespread adoption, with none of the problems of the big uranium LWRs, like runaway reactions, radioactivity release, or huge quantities of “spent” radioactive waste.
https://en.wikipedia.org/wiki/Small_modular_reactor
These reactors can power an industrial complex or a small remote location WITHOUT being tied into a wider electrical grid, and thus making the transmission of electrical power from point of generation to point of consumption much shorter, without the losses on the grid which only transmit about 38% of the power generated to the ultimate consumer, because of resistance over long transmission lines, which can stretch hundreds or thousands of miles. The chances of a total blackout, with many much smaller grids rather than one massive grid, are far less, and also protect against the effect of an EMP event, either by sabotage or open warfare.
It is my contention that any technology that offers a clear improvement over a previous existing technology shall be adopted without the need for subsidies.
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