Think about the implications of this for the faux green deal: 1. Anyone who wants an EV surely already has one, with all the subsidies and whatnot, 2. Tesla has poisoned the resale waters by slashing prices to move metal, and 3. The people who bought, want to dump! Good gravy, this is fantastic! -nvp
If You Don’t Want Buyer’s Remorse, Don’t Get An Electric Vehicle
Young Americans are regretting buying electric vehicles, jeopardizing the success of the Biden administration’s foolish 2030 EV mandate.
Shortly after President Joe Biden came into office, he announced a goal of having 50 percent of all new vehicle sales be electric vehicles (EVs) by 2030. Since then, he has dumped billions of dollars’ worth of subsidies into the EV sector to accelerate his EV mandate. However, President Biden will likely miss his EV target because young Americans who jumped on the EV wagon have suffered buyer’s remorse.
The Wall Street Journal reports that about 57 percent of American millennial EV owners indicate they want to switch back to a gasoline-powered car, mainly due to the difficulty of charging and the soaring cost of ownership. These challenges are a direct result of the Biden administration’s policies and incompetency.
One of the biggest anxieties of EV owners is charging their vehicles. In 2021, the Infrastructure Investment and Jobs Act allocated $7.5 billion to the Biden administration, aiming to build 500,000 commercial charging stations nationwide to boost the transition to EVs. After two and half years, the Biden administration has built only eight charging stations. Saying that the government is making progress at a “snail’s pace” isn’t even fair to snails.
My niece’s college friends recently embarked on a cross-country trip from California to Washington, D.C., in a Tesla. They got stuck somewhere in Nevada when the Tesla ran out of juice and there was no charging station nearby. They had to call a toll company to get themselves and the Tesla out of the desert. What happened to them is every EV owner’s worst nightmare.
For those who thought they could charge their EVs at home, few anticipated that “upgrading the electric wiring to accommodate an already pricey charger costs several thousand dollars,” according to the WSJ. Additionally, the price of electricity has soared nearly 30 percent, 50 percent higher than overall inflation, since Joe Biden took office in January 2021.
The primary reason for the surge in electricity prices can be traced back to the federal and state governments’ climate policies. These policies have led to the closure of fossil fuel and nuclear plants, which were once the main sources of affordable and reliable energy. In their place, we now have solar and wind, which are not as dependable and often require backup from peaker gas plants, usually at a significant premium. This shift “has resulted in spot prices soaring to $10,000 per megawatt hour during power shortages, a stark contrast to the normal range of $30 to $60,” as reported by the WSJ.
Another significant factor contributing to high electricity rates is the financial burden placed on consumers due to the government’s green energy mandates. Utility companies have had to incur substantial costs to upgrade their systems in compliance with these mandates. For instance, they are expected to spend a staggering $370 billion to upgrade their network to meet the Biden administration’s electric truck mandate. This cost is likely to be passed on to consumers, making home charging for electric vehicles a costly endeavor. A study by the Anderson Economic Group reveals that the fueling cost of a gas-powered car is actually lower than that of an electric vehicle, underscoring the direct effect on households…
There is much more… https://thefederalist.com/2024/07/01/young-people-are-figuring-out-that-evs-aint-it/
EV’s are virtue signaling for the thermodynamically impaired.
Anyone “paying attention” should have been questioning the legitimacy of the EV hype when they noticed the massive increase in “charging stations” at gas stations in certain places. I know I was.
Why would the gas stations take up valuable pump space for something that isn’t common…unless they knew something (or recieved some financial remuneration for their efforts). No one cared about EV before Xiao Bei Den was installed, and it was only after “coincidental” risesnin gas prices.
The massive “charger project”/Waste of Money can’t get off the ground. 75% of the projects cannot obtain sufficient electricity to charge several cars at once. The upgrades to both the on-property wiring AND the utility-feeds to said properties are not in place and not easily installed.
Heh.
The good news? EPA’s brand-new tailpipe-emissions regulations are likely to be zonked in a lawsuit following the SCOTUS decision on the Chevron Deference. So are the previous regs on the same issue.
That SHOULD have been obvious to people. Say you have a gass station that had 1 station for EVs. Then, months later, they add 10 more stations. Where is that juice coming from? Logic would tell you that the grid wouldn’t have enough juice for all the EVs out there.