The Biden administration has made every effort to move forward with their woke green agenda including their commitment to move to electric vehicles (EVs) at breakneck speed.
Biden claims EVs will become more cost effective for consumers even though the current technology and, frankly, the amount of electricity is just not there to make their objectives feasible.
Now, a blockbuster report from the Texas Public Policy Foundation (TPPF) is raising eyebrows over the true cost of EVs. According to energy experts Jason Isaac and Brent Bennett, who authored the study, if you take away the enormous amount of taxpayer money that helps lower their price, owning an average 2021 model year electric car would actually cost $48,698 more over ten years.
That’s a hefty figure, especially considering that federal and state governments have already chipped in a whopping $22 billion to make EVs more appealing to consumers.
RELATED: EV Won’t Start After Driving in Rain, Owner Left Speechless When Stuck with $20K Bill
Let’s break down these hidden costs. First off, the government is offering direct subsidies of about $8,984 per electric vehicle over a 10-year span. That’s essentially a direct discount for buyers. But that’s just the tip of the iceberg.
The report notes a special rule in federal fuel efficiency programs that’s been around for over two decades, allowing electric cars to receive about seven times more credits than what they actually save in fuel costs. According to the report, these credits add up to an average of $27,881 per vehicle, and they go straight to the car makers.
The study also points out a cost that is often overlooked: the strain electric vehicles put on the U.S. power grid. The analysis calculates that this added strain costs an average of $11,833 per EV over a decade. This is a bill that gets passed along to everyday people paying their utility bills, whether or not they own an electric car.
The authors of the TPPF report were clear in their judgment: “It is not an overstatement to say that the federal government is subsidizing EVs to a greater degree than even wind and solar electricity generation and embarking on an unprecedented endeavor to remake the entire American auto industry,” they said.
Despite the huge amount of money the government is pouring into making electric cars more affordable, the report finds that most Americans are still not jumping on the EV bandwagon because the cars remain too expensive.
RELATED: Massive Fail: EV Manufacturer Losing a Stunning $33,000 For Each Truck Sold
This comes at a time when the Biden administration has been pushing hard for cleaner, greener cars. President Biden himself has said he wants half of all new cars sold to be zero-emissions by 2030.
Agencies like the Environmental Protection Agency (EPA) are also making moves. They’ve recently set some of the toughest air quality rules yet, specifically aimed at heavy trucks. And they’re proposing to tighten the rules on car exhaust, with hopes that up to 67% of new cars could be electric by 2032.
However, critics argue that all these rules and standards could make cars more expensive for the average person. Last year, for example, new fuel economy rules were announced that could increase what consumers pay.
And it’s not just the federal government; states are getting in on the act too. California, a trendsetter in the auto industry, was given the green light by the EPA to set its own strict emissions standards.
One of the report’s authors, Jason Isaac, spoke candidly: “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,” he told Fox News Digital.
Isaac added that these costs are “borne by gasoline vehicle owners, taxpayers, and utility ratepayers, who are all paying a hefty price for someone else’s EV.”
The TPPF report serves as a reality check, suggesting that the road to an all-electric future is not as smooth as some policymakers would have you believe.
It asks a fundamental question: Is the rush toward electric vehicles really worth it if it means everyday Americans end up footing a much bigger bill than they realize?
Sadly it seems this administration does not care, even with the weight of a crushing economy making daily living very difficult for many Americans. It makes it very difficult to understand the real end goal in big green deal.
RELATED: Tesla, GM, Ford Hit the Brakes on Electric Vehicle Production as They Come to Painful Realization
