Posted on 11/23/2021 12:26:50 PM PST by ChicagoConservative27
President Joe Biden promoted his efforts to lower gas prices on Tuesday, but he reminded Americans they would save more money on gas if they owned electric cars.
“For the hundreds of thousands of folks who bought one of those electric cars, they’re going to save $800 to $1000 in fuel costs this year,” Biden said, referring to the $112,595 electric Hummer pickup he test drove at a General Motors factory in Detroit earlier this month.
(Excerpt) Read more at breitbart.com ...
Everything’s going up, except dog poop.
You have to burn a hell of a lot of gas for a hell of a long time to make up the delta between the cost and cost of maintenance for the average price car and the cost of maintenance of one of these electric cars.
It’s amazing how these leftist fools have abandoned even hybrids, which were once the salvation of the planet. But hybrids don’t even pay for themselves, and for all the same reasons — but less — as to why electrics will never pay for themselves.
Hybrids on average cost $4650 more than equivalent gasoline models (the premium on electrics is from $10-30K). So even if the hybrid starts saving money over higher costs of fuel, that’ll be earliest 5-7 years to recover that premium with cost of fuel savings (per https://fueleconomy.gov/feg/hybridCompare.jsp, it’d take 8.5 yrs to recover the new price premium on a Camry hybrid v. gasoline.)
Worse, most of those calculations don’t account for
1) higher finance cost ($5k higher price = $500-700 additional interest over 5 years)
2) higher sales tax (5% tax on $5k = $250) and
3) higher property tax (in VA would be an additional $200+ to $100 / year as the amortized value decreases).
Investment in a hybrids could overcome the premium when they had tax credits and HOV exemptions. But now that they’re as evil as gasoline engines and have thus lost those advantages, the one reasonable solution to reduce automobile gasoline consumption, hybrids — and only if the prices were to come down based on higher demand — is null.
Given their externalities, and even if 100% subsidized (which would solve the entire problem of transportation needs by crashing the economy), electrics will NEVER pay for themselves.
Idiots. As. Usual.
Electric car sales should help with Hunter’s African ChiCom cobalt mine.
News release from 2121 AD ...
Electric Motors announced today that they had developed a new technology called portable electric. Instead of plugging your car in every night with the attendant high costs of electricity, now you can visit a portable fuel station and fill up the auxiliary power tank with liquid carbon, a substance that was used many decades ago to power vehicles, and there’s an added benefit, scientists say that burning this fuel may help to warm the climate and stop the spread of the arctic land glaciers.
And when they all plug them in, the grid goes down so you don’t have a car at all .... just as they intended.
If I can get an EV for a decent price, and after an EV maker has made a truck that has been out on the road enough to be tested, I'll get one. Especially now that I've swapped my remaining natural gas appliances to electric ones (to avoid natural gas prices spiking by switching to electric, which though also spiking I'm avoiding over half of with my solar system). Let me go through a whole year with an all electric house powered by my solar system to see how may excess kWh's I have in excess per week in the winter and in the spring. That's also part of the math before I buy an EV: what percentage of the driving throughout the year would be "free" from solar.
Don't get me wrong. I'm 100% against the forced conversion to EV's that the Dims are pushing. I'm just saying few things have made me feel more libertarian than investing to retire later even when I'll still be in my 50's (and not be dependent on the Dims' promises to "means test" social security) then later making the energy portion of my budget less dependent on federal and state bureaucrats making it so that only Big Energy make money (like when Biden blocks drilling so that the small oil and natural gas companies no longer have access, letting only the Big Energy cronies make money and jack up prices).
If solar and an EV won't work for you, I wouldn't get it. I'm just trying to get the word out that sometimes solar and sometimes an EV is good for the individual (or family) and if so, helps us be a little more independent from gubment whims. It's kind of like sex and the church: if we Christians never talk about sex then the only versions of sex that people hear are the worldly versions. With solar power and EV's, if libertarian minded people like me let the Dims be the only ones talking about green energy then very few people will realize it might actually be good for them to take ownership of their energy production and make themselves a little more independent from government. Not forcing it. Not green energy at the utility level (failure Exhibit A the snow storm blackout in Texas, failure Exhibit B people of California experiencing scheduled blackouts, failure Exhibit C people in many areas having doubled power bills from the extra costs their utility put into "green" energy). But my solar power made at my direction, customized for us and our energy habits, has so far been green on my budget and made me grumble less when the Dims jack up energy costs.
Even if utility prices go up just 3% per year my system will pay for itself in about 13 years, with the solar panels having a 25 year warranty and the batteries a 19 year warranty. And all of that is with me getting a low interest rate loan to pay for most of it. I didn't do it for that reason, tough. I make a much nicer return on investments in simple mutual funds. I did it as an insurance in case the Dims make energy costs go up a lot more than 3% (like they've done lately). It's part of a full financial plan of not only being wealthy (our net worth is a little over a million now, probably 2.5 million when I retire, not too shabby for living in low cost of living Alabama), but being able to maintain a budget in retirement for years that doesn't have expenses jump sky high after I retire (at least not the expenses I can control, as with making most of the energy I consume so I don't have to buy as much). THAT is what solar is to me. And THAT is why I'm thinking of buying an EV if I can get one for a good price.
But if it won't work for you I wouldn't do it.
Another fool that has no clue where electricity comes from and he supports child slave labor that digs the Cobalt
I’d love to see what jumper cables from one of those e-cars to biden’s genitals would do. Theoretically speaking of course. Heck; let’s do the whole damn cabinet just for fun. Theoretically of course.
Fantasizing isn’t illegal is it? At least not yet banned by the new world order thought police.
As someone who has actually paid a heating bill I know that heating with electricity is the most expensive option.
Cheapest is coal.
The worst part of this BS is that most of the sheeple believe him...
T. S. Elliot
You forgot the skittles... ;^)
Unbelievable! I would love to buy one of those pretty green Subaru Foresters—and I could afford one—but as gas prices and new and used car prices are so high now I’m sitting tight. I will drive my old cars into the ground even as they get harder and harder to pass CA smogging.
I have zero interest in an even more overpriced hybrid or electric car. I’m in CA and we have no electricity as it is.
You want to talk about a cheesy 3rd rate Commie salesman? Obammy’s solution was to make sure we folk checked our tire pressure!
Yea lets nail all Americans for a 50k+ tax so they can save $100 per month.
You can sure tell Brandon has had his entire life handed to him.
Such an arrogant, old government teat-sucking PRICK.
His car gets about 5 miles per gallon. We pay for it.
Much of green is actually hiding that the solutions only shift problems and pollution to someone else's backyard.
Electric cars won’t work for me, in rural Alabama, going from my farm to town and back. Won’t comply.
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