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By Jack Davis, The Western Journal Oct. 29, 2023
A new study called “Overcharged Expectations” claims that without federal subsidies, the real cost of fueling an electric vehicle would amount to $17.33 per gallon of gasoline.
The study from the Texas Public Policy Foundation said electric vehicles do not stand alone in comparison with other vehicles because of the “wide array of direct subsidies, regulatory credits, and subsidized infrastructure that contribute to the economic viability of EVs.”
“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,” the report said.
The study claims that a 2021 electric vehicle “would cost $48,698 more to own over a 10-year period without $22 billion in government favors given to EV manufacturers and owners” and said traditional gasoline-powered vehicles are cheaper than an electric vehicle without subsidies.
“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,” the report said.
According to the study, about $22 billion in various federal and state forms of aid have artificially lowered the price of a 2021 electric vehicle by almost $50,000.
The report further estimates that the cost to other people for the strain on the power grid from charging electric vehicles comes out to $11,833 over 10 years, funded by taxpayers and utility ratepayers.
While everyone else pays more, state and federal subsidies shave $8,984, on average, from the real cost of an electric vehicle over 10 years, the report said.
“The stark reality for proponents of EVs and for the dreamers in the federal government, who are using fuel economy regulations to force manufacturers to produce ever more EVs, is that the true cost of an EV is in no way close to a comparable,” the report said.
The report noted that consumers have taken to hybrid vehicles far more than electric vehicles, adding, “Perhaps if D.C. politicians and bureaucrats stop trying to force Americans to build and buy their preferred types of vehicles, the cleaner and brighter future that they imagine will actually materialize.”
“It’s time for federal and state governments to stop driving the American auto industry off an economic cliff and allow markets to drive further improvements in cost and efficiency,” the report stated.
In a release on the foundation’s website, study author Jason Isaac said that the cost on the sticker of an electric vehicle hides a lot.
“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 said.
“Electric vehicle owners have been the beneficiaries of regulatory credits, subsidies, and socialized infrastructure costs totaling nearly 50 thousand dollars per EV. These costs are borne by gasoline vehicle owners, taxpayers, and utility ratepayers, who are all paying a hefty price for someone else’s EV,” he added.
“Proponents of EVs have falsely pushed the claim that EVs will soon cost less than gas-powered cars. This study shows that EVs are still a long way from being competitive without massive subsidies,” study author Brent Bennett said.
“The Biden administration’s stringent fuel economy standards and regulatory manipulations are driving American automakers toward bankruptcy and adding thousands of dollars to the cost of every gasoline vehicle. Rolling back these subsidies and burdensome regulations would save consumers money and stop the auto industry from falling off a financial cliff,” he said.
This article appeared originally on The Western Journal.
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https://www.thegatewaypundit.com/2023/10/overcharged-major-study-reveals-alarming-true-cost-owning/
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I believe the EV scam will fizzle out. When Trump makes them release the 6,000 patents they're concealing, things will take off.
"Revelation 7: The Truth About Advanced Energy Technologies
1.) What no one seems to notice, or talk about, is the fact that multiple alternative energy technologies are on the verge of eclipsing the old fossil fuels. This does not even take into account the 5,000+ energy technology patents that have been shelved for ‘national security’ reasons over the past 70+ years.
2.) The new energy technologies poised to eclipse the old technologies include solar power, wave energy, and fusion. These are the most obvious technologies. They have been slowed in their progress, but even their glacial progress is poised to eclipse the old energy paradigm.
3.) The measured disclosure of UFO video evidence by the Pentagon in December of 2017 is a prominent symptom of this process. The chief reason for the secrecy surrounding such craft has less to do with where they are from, or who operates them, and more to do with how they work.
4.) The propulsion technology used to power such craft has been occulted for over 70 years, because it poses an existential threat to the oil and coal industries. It is starting to be disclosed now, only because several other technologies are going to eclipse oil and coal anyway.
5.) The fact that solar, wave, fusion, etc. are all poised to eclipse oil and coal does not necessarily mean they will be the energy sources of the future. Indeed, once they eclipse the fossil fuels—and trigger a phase change of the global power structure—they will themselves be quickly eclipsed by the release of some of the best of the 5,000+ energy patents, which are just sitting on the shelves in black project USAPs.
6.) Another indication that fossil fuels are about to be eclipsed is the launch of the petroyuan Chinese oil exchange on March 27th, 2018. Every country that ever tried selling oil in a currency other than US dollars were promptly invaded, bombed, and the head of state executed—i.e. Iraq and Libya.
7.) China has wanted to open such an exchange for over a decade, but they held-off—until now. This is an indication that Trump and Xi have already come to an understanding regarding how the global financial system will be restructured.
8.) Roughly a month before the UFO disclosure in late 2017, the anonymous source going by ‘Q’ started to gain traction with a crypto-socratic method of red-pilling the public. ‘Q’ was said to represent ‘Q clearance,’ the highest top secret clearance classification in the Department of Energy. Why the DoE?! Why not NSA, CIA, or DIA? Whatever the truth may be about who Q really is, the simple fact that Q claimed to be from the DoE was a huge clue as to the true central origins of this whole process—it’s all about power, quite literally. The canary is, after all, in the coal mine.
9.) The rules of the whole game are about to change. Just when it seems like the US is going to go down in flames, at the hands of the globalists, and the Chinese—we take down the globalist cabal, and the fake US corporation, return our country to a true constitutional republic, and finally unveil the amazing energy technologies that have been kept in the dark for so long by the cabal.
10.) The true meaning of ‘Make America Great Again’ has yet to even be fathomed by the average American. Trump is able to weather the storm with such good humor at least in large part because he knows exactly what MAGA means.
11.) Trump’s uncle, John Trump, was one of the FBI agents who seized Nikola Tesla’s papers, when Tesla died. Trump is not just far more intelligent than some people are lead to believe, but he knows a lot more than anyone can imagine. He knows it’s all a charade, a gradual awakening ceremony, and he is the master of ceremonies.
12.) To those of us who know what’s up, this golden-hued man named Don is one of many symbols of just what time it is. He is the Golden Don of the Golden Dawn. The Trump-Pence (Trumpets) of the Apocalypse (disclosure)."
https://deepstatemappingproject.weebly.com/golden-dawn.html
https://deepstatemappingproject.weebly.com/energy-map.html
I’ve been saying the same thing for awhile. People that hear me brush me off as a conspiracy quack. I show them my Conspiracy Therapist card but they ignore that as well.
Oh well...
I’m not too proud to say I told you so...a few dozen times...as appropriate. I’m also patient. Sometimes.