from Moonbattery:
Would you volunteer to pay $17.22 per gallon for gasoline? Then don’t let leftists pressure you into an electric car. Daily Wire reports on a new study:
[The authors] 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.”
TRUTH LIVES on at https://sgtreport.tv/
“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,” the authors note.
Even with the subsidies,
“Car lots are swelling with unsold EVs and the Ford Motor Company is losing over $70,000 on each EV it currently sells.”
EV drivers can’t count on others being forced to pick up most of the tab forever. The extravagantly wasteful subsidies won’t last, because as Margaret Thatcher observed, eventually socialists run out of other people’s money.
No wonder blue states like California and New York — as well as Democrats at the federal level — have moved to make electric vehicles mandatory. Otherwise, who would drive them?
Only after we have been forced into inefficient, expensive, unreliable, unsafe, environmentally harmful electric cars can Democrats price us out of having cars altogether.
On tips from Chris Neilson and Occam’s Stubble.
