5 Reasons Biden’s Electric Vehicles Are A Boondoggle
During his State of the Union speech Tuesday night, President Joe Biden again praised electric vehicles for their ability to combat climate change.
“We’re building 500,000 vehicle charging stations installed across the country by tens of thousands of IBEW workers,” Biden said, “and helping families save more than $1,000 a year with tax credits for the purchase of electric vehicles and energy-efficient appliances.”
Those tax credits, however, aren’t as green as they seem.
EVs are a green illusion
Manufacturing electric vehicles can be so hazardous that emissions from both the mining and assembly are not reduced for years. According RealClear Investigations October Deep Dive
“The electric car’s biggest disadvantage on greenhouse gas emissions is the production of an EV battery, which requires energy-intensive mining and processing, and generates twice as much carbon emissions as the manufacture of an internal combustion engine,” RealClear reported. “This means that the EV starts off with a bigger carbon footprint than a gasoline-powered car when it rolls off the assembly line and takes time to catch up to a gasoline-powered car.”
Even back then, the American power grid charged the car. relies primarily on fossil fuels. Also, the car runs on fossil fuels.
Some studies show that electric vehicles can even be as efficient as gasoline-powered cars. Worse For the environment, than gasoline-powered vehicles.
EVs Aren’t Cheap
September’s average transaction price for an e-car was $65,291. According Kelley Blue Book: $1,000 This is the average luxury vehicle. According to the U.S. Census Bureau last year, median household income was just below $71,000, meaning an electric vehicle costs a year’s worth of wages for many Americans. Add inflation to the mix, driven by reckless government spending to encourage rich consumers to buy electric cars, and the average American wouldn’t dream of buying a Tesla any time soon.
EV Subsidies can be gifts to the rich
The Dubiously named Federal subsidies up to $7500 were extended by the Inflation Reduction Act for electric cars. The price of an electric car drops to $58,000. Ford responded to these new subsidies by August. raising The cost of the electric pickups.
Researchers at UC-Berkeley Found This is what 2016 looked like “clean” Energy tax credits have historically been a benefit to the upper classes, with 90% of all credits for electric vehicles being enjoyed by those who earn the highest income quintile.
The massive subsidies at the expense of, say, a Wyoming rancher who could use a new pickup don’t even cover what’s needed to develop a market appetite to replace gas-powered vehicles. According Subventions would be required to support the National Bureau of Economic Research’s research in 2021. “$30,000 per car” In 2035, electric vehicles will have a 50 percent share of the market.
Global Supply Chains Make EVs Vulnerable
There are more issues with electric vehicles
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