New Report Unmasks the "True Costs of Electric Vehicles"
Over a 10 year period, the report finds that EV ownership would cost a staggering $48,698 more without the billions of dollars of governmental favors to manufacturers and owners.
(this article is available in French)
A new report, by the Texas Public Policy Foundation, presents an in-depth analysis of the comprehensive costs associated with electric vehicle ownership.
The report is authored by Brent Bennett, PhD, the policy director for Life:Powered, an initiative of the Texas Public Policy Foundation, and by Jason Isaac, a senior fellow at the same institution. The Texas Public Policy Foundation is a nonprofit, nonpartisan research institute.
The report finds that the average model year 2021 EV would cost a staggering $48,698 additional to own over a 10-year period without $22 billion in government favors given to EV manufacturers and owners.
The report estimated at US$17.33 per gallon the “true cost of fueling an EV, including extra charging costs and subsidies.”
Here are the key points identified by the authors:
The cost of producing electric vehicles (EVs) is far higher than the prices they are being sold for . 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.
Thanks to an unlawful multiplier, EVs receive nearly seven times more credits under federal fuel efficiency programs than they provide in actual fuel economy benefits.
Regulatory credits with bonus
- EV multipliers from federal fuel efficiency and greenhouse gas emissions standards and state.
- EV sales mandates provide an average of $27,881 in benefits per vehicle for producers of EVs.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.
Direct state and federal subsidies for EVs average $8,984 per vehicle over 10 years.
The full report can be found at:
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The article is also available as a podcast on Spotify, Apple, etc.
Same is true of solar panels placed on home. All of it is a scam!
"sustainable" - meaning, it sustains an agenda. And surprise surprise, that agenda does NOT have your, my, or any 'useless eater's' best interests at heart!