The study’s authors say that studies claiming lifetime savings on EVs from reduced fuel costs and maintenance use questionable assumptions and don’t calculate the benefits of subsidies, credits, and subsidized EV infrastructure.
Electric vehicle owners would pay nearly $50,000 more for their automobiles over a 10-year period, with federal and state subsidies now in place, according to a new study by the Texas Public Policy Foundation.
The true costs of an EV are hidden behind multipliers under federal fuel efficiency programs, federal regulatory credits and state EV sales mandates, strain to the grid from public and home charging, subsidies to EV infrastructure, and direct federal and state subsidies, the Texas-based conservative think thank has also concluded.
“The Biden administration and leftist states such as California have pushed for widespread electrification in less than 20 years through government subsidies and coercive regulations, but the price you see in the lot is not the true cost of an electric vehicle,” said Jason Isaac, one of the authors of the study.
“These costs are borne by gasoline vehicle owners, taxpayers, and utility ratepayers, who are all paying a hefty price for someone else’s EV.”
And given free rein, EV dreamers would subsidize even more to bring the cost down to bargain basement prices, all at our expense.
OIL & GAS Here to STAY !!!! Ev’s & Biden Out !!!!!