Posted on 10/25/2023 5:23:14 PM PDT by Libloather
FIRST ON FOX: A sweeping first-of-its-kind analysis published by think tank Texas Public Policy Foundation (TPPF) concludes that electric vehicles (EV) would cost tens of thousands of dollars more if not for generous taxpayer-funded incentives.
According to the TPPF report - authored by energy experts Jason Isaac, Brent Bennett and Syd Lucas - the average model year 2021 EV would cost approximately $48,698 more to own over a 10-year period without the staggering $22 billion in taxpayer-funded handouts that the government provides to electric car manufacturers and owners. The analysis factors in federal fuel efficiency programs, electric grid strain, and direct state and federal subsidies.
"It is not an overstatement to say that the federal government is subsidizing EVs to a greater degree than even wind and solar electricity generation and embarking on an unprecedented endeavor to remake the entire American auto industry," the report states. "Despite these massive incentives, EVs are receiving a tepid response from the majority of Americans who cannot shoulder their higher cost."
"It’s time for federal and state governments to stop driving the American auto industry off an economic cliff and allow markets to drive further improvements in cost and efficiency," it continues.
The report determined that, thanks to a special multiplier that has existed for more than two decades, EVs receive roughly seven times more credits under federal fuel efficiency programs than they provide in actual fuel economy benefits. That figure, the total regulatory credits from federal and state fuel efficiency and greenhouse gas emissions standards, amounts to an average of $27,881 per vehicle for EV makers.
Further, the analysis calculated the socialized cost of EV charging stations' strain on the U.S. electric grid amounts to an average of $11,833 per EV over 10 years. Such costs are shouldered by utility ratepayers and taxpayers...
(Excerpt) Read more at foxnews.com ...
Nuclear power plants will save the day!
And that doesn’t include a battery replacement…
and unconstitutional.
And don’t forget that it’s congress that steals your money to fund this, or the general budget from the Executive Branch which is also funded by congress. Congress is your enemy no matter who’s in charge.
I’m sure the prices will come down once they find a lot more kids to dig up the cobalt
not relevant
the purpose of battery cars is to destroy private transportation
and to force people onto public transportation
We paid $4000 for our 2001 Astro van 10 years ago; It now has 240,000 miles on it. We paid $2200 for our 2000 Dodge Intrepid retired police interceptor which currently has about 100,000 miles on it. They both are in good condition, but I will need to put a few hundred dollars into the running gear of the Astro van in the next year or two. We paid $17,000 for our 1969 Piper Cherokee airplane 25 years ago. All of these vehicles combined don't come to $27,881, which is only the “subsidy”. I keep up on the maintenance so chances are even the police car will be worth more than an expensive electric car with a crapped-out battery ten years from now.
Taxing the poor and middle class
To subsidize the rich.
EV’s are a rich man’s toy. I don’t care if they are a niche market. But the government should keep tax dollars out let the market determine supply and demand.
I bought an electric vehicle because I got 20% off. I don’t believe in taking but if I don’t someone else will. Might as well be me as some Prius driving liberal.
And, forget EVs. My aspiration is to get a bicycle.
I don't have any confidence in my ability to dodge bullets, so everything I need from outside my 5-minute town I have delivered, while I sit sipping tea on my front porch and listening to the crickets and bullfrogs outside.
Oh, I'll travel occasionally, as long as I don't have to pass through a Democrat-controlled sh&thole city.
This has been my issue with Elon Musk from day one.
He is a welfare mom.
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