{"id":2082635,"date":"2023-10-28T18:39:02","date_gmt":"2023-10-28T22:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/overcharged-major-study-reveals-alarming-true-cost-of-owning-an-ev-fueling-equal-to-17-33-per-gallon\/"},"modified":"2023-10-28T18:41:53","modified_gmt":"2023-10-28T22:41:53","slug":"overcharged-major-study-reveals-alarming-true-cost-of-owning-an-ev-fueling-equal-to-17-33-per-gallon","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/overcharged-major-study-reveals-alarming-true-cost-of-owning-an-ev-fueling-equal-to-17-33-per-gallon\/","title":{"rendered":"Study: Owning an EV Costs $17.33 per Gallon"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fovercharged-major-study-reveals-alarming-true-cost-of-owning-an-ev-fueling-equal-to-17-33-per-gallon%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2082635&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A New Study\u2063 Reveals \u200bthe Shocking True Cost of\u2064 Owning\u2063 an\u2064 Electric Vehicle<\/h2>\n<p>A groundbreaking study titled &#8220;Overcharged Expectations&#8221; has \u200bunveiled a\u2063 startling revelation: without federal subsidies, the actual cost of\u200c fueling an\u200b electric vehicle would be equivalent to a staggering $17.33 per gallon of gasoline.<\/p>\n<p>Conducted \u200dby the Texas Public Policy Foundation, the study argues that electric vehicles\u200d cannot be evaluated in isolation from \u2063other vehicles due to\u200c the\u2062 extensive range of \u200bdirect subsidies, regulatory credits, and subsidized \u2064infrastructure that contribute to\u2063 their economic viability.<\/p>\n<p>The report highlights\u2063 that \u2063when factoring in the\u200d costs of these subsidies, the true cost \u200dof\u2062 fueling an electric vehicle\u2063 would \u2064amount to $17.33 per gallon of gasoline. This estimation does not even include \u200cthe\u2062 additional \u2062subsidies outlined\u200c in the Inflation Reduction \u200cAct, \u2062which\u200b amount to hundreds of billions of dollars.<\/p>\n<p>According\u200d to the\u2064 study, a\u200b 2021 electric vehicle \u2064would cost an additional $48,698 to own over \u200ca\u200b 10-year period without the $22 billion in government favors provided to EV manufacturers and owners. The report emphasizes that\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-firefighters-use-6000-gallons-of-water-to-put-out-tesla-fire-on-highway-50\/\" title=\"California Firefighters Use 6,000 Gallons of Water to Put Out Tesla Fire on Highway 50\">traditional gasoline-powered vehicles<\/a> are more affordable than electric vehicles\u2062 without subsidies.<\/p>\n<p>The study further asserts \u200bthat \u2062the federal\u2062 government is subsidizing electric vehicles to a greater extent than wind\u200b and solar electricity generation, embarking on an unprecedented \u200bendeavor to reshape\u200d the\u200c entire\u200b American auto industry.<\/p>\n<p>Based on the\u200b study&#8217;s findings, approximately $22 billion in federal \u200cand\u200c state aid has artificially reduced the \u200cprice of a 2021 electric vehicle\u200b by \u200dnearly $50,000.<\/p>\n<p>Moreover, the report estimates that the strain on the power grid from charging electric \u2062vehicles costs other individuals \u200b$11,833 over \u200da 10-year period, funded by taxpayers and\u200c utility ratepayers.<\/p>\n<p>While \u200cthe general\u2063 population bears these additional costs, state and federal subsidies reduce \u2064the real cost of an electric vehicle\u200d by an\u2062 average of $8,984 over 10 years, according to the report.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The study from\u200b the \u2062Texas Public Policy Foundation (TPPF) found, for example, that the average 2021 electric vehicle \u201cwould cost $48,698 more to own \u200cover a 10-year period without $22 billion in \u2062government favors given to EV\u200b manufacturers and owners.\u201d <a href=\"https:\/\/t.co\/bu1hwp7Sma\">https:\/\/t.co\/bu1hwp7Sma<\/a><\/p>\n<p>\u2014 Bud Brigham (@bmbrigham) <a href=\"https:\/\/twitter.com\/bmbrigham\/status\/1717909691441811525?\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<p>&#8220;The stark reality for proponents of EVs and for the dreamers in the\u2064 federal government, who are using fuel\u200c economy regulations to\u2063 force manufacturers to produce ever more EVs, \u2063is that the true cost of an EV is in no way close to a \u2062comparable,&#8221; the report emphasizes.<\/p>\n<p>The report highlights \u200cthat consumers have shown a greater preference for hybrid\u200d vehicles compared to electric vehicles. It suggests that if politicians and bureaucrats in\u200c Washington,\u2063 D.C., cease their attempts to impose their preferred\u200c vehicle types on Americans, the \u2064cleaner and brighter future they envision may \u2063actually become \u200ba reality.<\/p>\n<p>&#8220;It&#8217;s time \u200bfor federal and state governments to \u2063stop driving the American auto industry off an economic cliff and allow markets to drive \u2064further \u200dimprovements\u2062 in cost and efficiency,&#8221; the \u2062report concludes.<\/p>\n<p>In a statement \u200bon \u2062the foundation&#8217;s website, study author Jason Isaac\u2064 reveals that\u200b the\u2062 sticker price\u2063 of an \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/overcharged-major-study-reveals-alarming-true-cost-of-owning-an-ev-fueling-equal-to-17-33-per-gallon\/\" title=\"Study: Owning an EV Costs .33 per Gallon\">electric vehicle\u200c conceals numerous hidden costs<\/a>.<\/p>\n<p>&#8220;The Biden administration and leftist states such \u2062as California have pushed for widespread electrification in less than 20 years through government subsidies \u200dand coercive regulations, but the price\u2062 you see\u2062 in \u2064the lot is\u2062 not the true cost of an electric vehicle,&#8221;\u2062 Isaac explains.<\/p>\n<p>He\u200d adds, &#8220;Electric vehicle owners have \u200dbeen the beneficiaries of regulatory credits, subsidies, and socialized infrastructure \u2062costs totaling nearly 50 thousand \u2063dollars per EV. These costs are borne by gasoline\u2062 vehicle owners, taxpayers, and utility ratepayers, who are all paying a hefty price\u200c for someone else&#8217;s EV.&#8221;<\/p>\n<p>Study author Brent Bennett asserts, &#8220;Proponents of EVs have \u200bfalsely \u2062pushed the claim \u200bthat \u2064EVs will soon cost less than <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/3-recent-failures-of-green-energy-policies\/\" title=\"3 Recent Failures of Green Energy Policies\">gas-powered cars<\/a>. This study \u2062shows\u2064 that EVs are still a long way from \u200dbeing competitive without massive\u200c subsidies.&#8221;<\/p>\n<p>He further states, \u2064&#8221;The\u2063 Biden administration&#8217;s stringent fuel economy standards \u200dand regulatory \u2064manipulations are driving American automakers toward bankruptcy and\u200b adding thousands of dollars to the cost of every\u200d gasoline vehicle. Rolling back these subsidies and burdensome regulations would save consumers money\u2064 and stop the auto\u2064 industry from\u2062 falling off a financial cliff.&#8221;<\/p>\n<hr>\n<div class=\"author_subscription_pitch\">.author_subscription_pitch p{margin:5px;}<\/p>\n<p><em><b>A \u2062Note from Our Staff:<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Did you know that 90\u200b percent of advertisers will have nothing to do with The Western Journal? \u200bThe liberal elites have put \u200cus on one of their \u2062financial kill lists.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">They\u2062 did it\u2064 because we&#8217;ve told the truth and spoken out\u200b against\u2064 them for over a decade. And since\u2062 they \u200dcouldn&#8217;t shut us up, now, they&#8217;re\u200c trying\u2063 to starve us out.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">We&#8217;re turning to you because, frankly,\u200b we\u200d have to have your\u2062 help. It might not sound like much, but just\u200d <\/span><a href=\"https:\/\/www.westernjournal.com\/join-monthly\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><span style=\"font-weight: 400\">one subscription<\/span><\/a><span style=\"font-weight: 400\">  to \u2063The Western Journal can make a real\u2064 difference.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">We don&#8217;t have a huge staff, \u200bbig salaries, or deep donor pockets. We&#8217;re family-owned and independent. But because \u200cwe&#8217;re independent\u2062 from the elites, we\u2062 have to rely on readers\u2063 like you.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Can we count on you for just\u200b a single <\/span><a href=\"https:\/\/www.westernjournal.com\/join-monthly\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><span style=\"font-weight: 400\">subscription<\/span><\/a><span style=\"font-weight: 400\">? The cost of a month-long subscription is less than a\u200c single \u200ccup\u200b of Starbucks coffee.\u2062 And, unlike with Starbucks, you can be 100 percent certain that every penny we spend goes toward fighting for traditional American\u200d values and against liberal \u200delites.<\/span><\/em><\/p>\n<p><em><b>Please <\/b><a href=\"https:\/\/www.westernjournal.com\/join-monthly\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>help us<\/b><\/a><b>  continue exposing the\u2063 truth. Please <\/b><a href=\"https:\/\/www.westernjournal.com\/join-monthly\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>subscribe \u200dtoday<\/b><\/a><b>.<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Thank\u2064 you \u200cfor reading\u2062 The\u2062 Western Journal!<\/span><\/em><\/p>\n<\/div>\n<p>The post\u200d <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/overcharged-major-study-reveals-alarming-true-cost-owning-ev-fueling-equal-17-33-per-gallon\/\">&#8216;Overcharged&#8217;: Major Study Reveals Alarming True Cost of Owning an EV, \u200b&#8217;Fueling&#8217; Equal to $17.33 Per Gallon<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2>People towards electric vehicles. Let consumers make their own\u200d choices based \u200bon their needs and preferences,&#8221; the report concludes<\/h2>\n<p><span>  \u200d A \u200cNew Study\u2062 Reveals \u200cthe Shocking\u2064 True Cost of \u200cOwning an Electric Vehicle<\/p>\n<p>A groundbreaking study titled &#8220;Overcharged Expectations&#8221; has unveiled a startling revelation: without federal subsidies, the actual cost of fueling an electric vehicle would be equivalent\u200b to a staggering $17.33 per gallon of gasoline.<\/p>\n<p>Conducted\u200c by the Texas Public Policy\u2063 Foundation, the study argues that electric vehicles \u200ccannot be evaluated in isolation from other\u200b vehicles due to the extensive \u2063range of direct subsidies, regulatory credits, and subsidized \u2062infrastructure that contribute to their economic viability.<\/p>\n<p>The report highlights\u2064 that when\u200b factoring in\u200d the costs of these subsidies, the \u2064true cost \u2062of fueling \u200dan electric vehicle would\u200b amount to $17.33 per \u2063gallon of gasoline.\u200b This estimation does not\u200d even include the additional subsidies \u200doutlined in\u200b the Inflation Reduction Act, which amount to hundreds of\u2064 billions of dollars.<\/p>\n<p>According to the \u200cstudy, a 2021 electric\u2062 vehicle would\u2064 cost an additional $48,698 to own over a 10-year period without the $22 billion in government favors provided to EV manufacturers and owners.\u200b The report\u200c emphasizes that traditional gasoline-powered vehicles are more affordable than electric vehicles without subsidies.<\/p>\n<p>The study further asserts that the federal government is subsidizing electric\u2063 vehicles to a greater extent than\u2062 wind and solar electricity\u200c generation, embarking on an \u2064unprecedented endeavor to reshape the entire American auto industry.<\/p>\n<p>Based on the study&#8217;s findings, approximately $22 billion in \u200dfederal and state aid \u200dhas artificially reduced\u200c the price\u2063 of a 2021 electric vehicle by nearly $50,000.<\/p>\n<p>Moreover, the report estimates\u2063 that \u2063the\u2063 strain on the power grid from charging electric vehicles costs other individuals \u2064$11,833 over a 10-year period, funded by taxpayers and utility\u2063 ratepayers.<\/p>\n<p>While the general population bears these additional costs, state and federal subsidies\u2062 reduce the real cost of an electric\u2064 vehicle by an average of $8,984 over \u200c10 years, according \u200cto the report.<\/p>\n<p>&#8220;The stark reality for proponents of EVs and for the dreamers in\u2062 the\u200c federal government, who are using <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">fuel economy regulations<\/a> to force manufacturers\u2064 to produce ever more EVs, is that the true cost of an EV is in no way close to a comparable,&#8221; the report emphasizes.<\/p>\n<p>The report\u2062 highlights that\u200b consumers \u2063have shown a greater preference\u2062 for hybrid vehicles compared to electric vehicles. It suggests \u2064that if \u2062politicians and\u2064 bureaucrats in Washington, D.C., \u2063cease their attempts to impose their preferred vehicle\u200c types on Americans, \u2062the cleaner and \u200cbrighter future they envision may actually become a reality.<\/p>\n<p>&#8220;It&#8217;s time for federal \u2062and state governments\u200b to stop driving<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study titled &#8220;Overcharged Expectations&#8221; reveals that electric vehicles would cost $17.33 per gallon of gasoline without federal subsidies. The Texas Public Policy Foundation study emphasizes that electric vehicles cannot be evaluated independently due to the numerous direct subsidies available for other vehicles.<\/p>\n","protected":false},"author":661,"featured_media":2082636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2082635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2082635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2082635"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2082635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2082636"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2082635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2082635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2082635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}