FEBRUARY 02, 2023With the exception of the COVID shots, there is perhaps nothing in the economy that has gotten more tailwind in terms of government support than electric vehicles. Whether it’s the subsidies, the mandates, the inflation of the cost of gasoline, or the construction of cumbersome electric charging infrastructure, the government has done everything it can to turn a product that is inherently costly and impractical into something accessible to the public. Yet despite it all, a new study shows fueling these cars is more expensive than most gas-powered cars, even with record high gasoline prices, which were induced by policies from the same green energy. Now is the time to end all subsidies and mandates on behalf of this pathetic industry.
It’s truly hard to quantify the degree to which government has propped up green energy and products that never would have gotten off the ground in the free market. Between making gasoline so expensive and making gas cars more expensive with fuel efficiency mandates on the one hand, and subsidizing electric vehicles and all their required infrastructure on the other hand, electric cars have every reason to succeed. Heck, all blue states are even signaling the end of gas-powered cars altogether, and some are even mandating it. The subsidies reached a tipping point with the “Inflation Reduction Act,” which offers a subsidy of $7,500 per electric vehicle. But a new study shows that it still costs more to fuel an EV after spending so much more for the original purchase.
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