Just another nail in the EV coffin.
The true cost of an EV? Think tank claims subsidies for electric vehicles cost $50,000 PER CAR over a ten-year period
The true cost of electric cars to the average American taxpayer has been laid bare by a landmark new study into the eco vehicles.
In order to bring EVs to market, governments have created a variety of tax incentives for buyers and manufacturers. They have also sponsored the development of the infrastructure needed to charge them.
But those subsidies can come at a cost to taxpayers, buyers of gas vehicles or simply households that pay electricity bills.
A new paper by conservative think tank Texas Public Policy Foundation estimated that the average electric car incurs hidden costs of $48,698 over a 10-year period.
‘Electric vehicle owners have been the beneficiaries of regulatory credits, subsidies, and socialized infrastructure costs totaling nearly $50,000 per EV,’ said one of its authors, Jason Isaac.
eparately, it found that the infrastructure required to facilitate electric cars in America is not paid for directly by the owner of the car. It described those expenses as ‘socialized infrastructure costs.’
‘Home and public charging stations used by EVs put a significant strain on the electric grid, resulting in an average of $11,833 in socialized costs per EV over 10 years, which are shouldered by utility ratepayers and taxpayers,’ read the paper.
The authors argued that the gasoline infrastructure is used for other products and society at large, whereas electric vehicle charging costs currently only serve EV owners.
They also claimed that the additional strain placed on the power grid when charging electric cars would ordinarily incur ‘demand charges’ – or a premium for higher energy consumption at a certain time.
‘Currently, most utilities are socializing that cost for EV owners by not assessing demand charges on residential EV chargers, even though those chargers can use as much power at certain times as several homes,’ the report claimed.
Right up until the useless Wokester toy blows up and burns the house to cinders and ash.
So let’s see, now:
- Random explosions;
- Random deadly fires;
- Hours wasted searching for and/or sitting in long, slow charging-station queues;
- Yet more hours wasted “refueling” enough to at least maybe make it back home;
- Unsatisfactory, grossly-exaggerated range;
- Ruinously expensive battery replacement;
- Total reliance on those horrible, horrible coal-fired power plants;
- Drastically-shortened tire, hub-bearing, suspension, brake, and/or steering-component life due to the vehicle’s excessive weight;
- Exorbitant towing charges when the PoS boat-anchor leaves you stranded;
- Inability to enjoy battery-exsanguinating ”luxury” accessories including but not limited to heat, defrost, A/C, stereo, wipers, &c;
- Ditto for carrying passengers;
- Ditto for hauling loads or towing even a lightweight trailer with your electric pickup truck;
- Don’t EVER touch ANYTHING under the hood or attempt to fix anything yourself, OR YOU MAY DIE
OOH-OOH-OOH I WANT ONE I WANT ONE I WANT ONE!
What the heck, whoever said virtue-signaling came cheap, right? Them’s the breaks. All of which I’d be okay with; hey, if smug, self-righteous Enviro-nut assholes don’t mind paying through the nose to establish their presumed moral-superiority bona-fides, well then you just have at it, fools. Unfortunately, though, we ALL get to pay for their dubious “privilege” right along with ‘em. To wit:
But the largest cost identified by the report was that on buyers of gas cars.
According to the paper, around 16 states have ‘zero emission vehicle’ (ZEV) mandates whereby the state sets a number or percentage of new vehicles sold that must be zero-emission.
‘Of course, the cost to meet these mandates is not limited to the states that impose them but spread out over the entire fleet of each automaker trying to meet them,’ read the paper.
On top of that, federal regulations impose similar obligations on automakers that incentivize them to make more electric vehicles.
‘The largest source of financial support for EVs comes not from direct subsidies but from hidden costs driven by federal regulations,’ read the paper.
‘The Biden administration’s stringent fuel economy standards and regulatory manipulations are driving American automakers toward bankruptcy and adding thousands of dollars to the cost of every gasoline vehicle,’ said Brent Bennett, another of the paper’s authors.
Just this month, Ford said during its third quarter earnings call that it lost an estimated $36,000 on each electric car it sold in the quarter.
Well, whaddya know about that: look closely enough, dig down far enough, and we learn that, of course and as always, the real problem has its roots deep within the bowels of the meddlesome, authoritarian Leviathan-state. Quelle surprise, that.