5 Key Reasons Biden’s Electric Vehicles Are a Dead-end
During his State of the Union speech Tuesday night, President Joe Biden again referred to electric cars as the solution to climate changes.
“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
It takes many years to reduce emissions from electric vehicles because the manufacturing process is so toxic, both in mining and assembly. According RealClear Investigations will conduct a deep dive in October.
“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.”
The American power grid still charged the car with electricity. relies primarily fossil fuels. The car runs on coal, in other words.
Some studies show that electric vehicles can even be as efficient as gasoline-powered cars. It could get worse For the environment, than gasoline-powered vehicles.
EVs Aren’t Cheap
In September, the average price of an electric 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 are Gifts for the Rich
The Named in an obscure way The federal Inflation Reduction act extended $7,500 in federal subsidies to purchase an electric car. This brings the price to $58,000. Ford responded to these new subsidies in August. raising The price of the electric pickups.
Researchers at UC-Berkeley Find it In 2016, that “clean” The upper class has historically benefited from energy tax credits, with 90 percent of all electric vehicle credits enjoyed by those at the top 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 To support research by the National Bureau of Economic Research 2021, subsidies must reach more than “$30,000 per car” In 2035, electric vehicles will have a 50 percent share of the market.
Global Supply Chains are a Threat to EVs
American mining has more problems with electric cars than the problems with them. China holds the entire world hostage in terms of battery production and mineral refinement. Beijing presides over Half The global electric car battery market is growing while the U.S. continues to lag behind. shut down major mining projects.
EVs Aren’t Reliable
California and New York have Both Passed laws banning new sales of gas-powered cars by 2035. The following image shows how state regulators will force drivers to travel once they are banned from buying any vehicle.
California’s record-breaking heatwave last summer forced state regulators to take action. begged Residents should not charge their cars in order to protect the power grid. This request was made just days after policymakers had moved to ban gasoline-powered cars for the next 13 years.
Residents who are not residents can They can still charge vehicles made in China by charging them, but they should be careful to not overcharge their batteries. It is possible to replace an electric car battery. Cost Between $4,000 and $25,000 The batteries’ weight, in turn, wears the tires. 20% It is faster than other gas-powered options.
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