patrick.net

True cost of charging an EV is equivalent to paying $17.33 a gallon of gas, per new report

By Olivia Murray

In October, I wrote an essay on a “bombshell report” from a Texas think tank “which revealed that the actual cost of rechargeable cars and the E.V. industry is, in reality, much higher than they’re leading us to believe.”

The report is around 20-pages long, so I was only able to cover one of the explosive revelations—the average battery-powered car (E.V.) would cost “approximately $48,698 more to own over a 10-year period” were it not for the “staggering” handouts from the taxpayer via an extortionary and feckless government—but there were more.

Now, not only were the energy experts able to quantify the additional cost over time, but they were also able to put a dollar amount on the real cost of charging the vehicle, translated into price per gallon of gasoline. As you might guess, the price is astronomical, but that’s not the the end of it.

While EV advocates claim charging costs are equivalent to $1.21-per-gallon gasoline, the real amount is an order of magnitude more.

Including the charging equipment, subsidies from governments and utilities and other frequently excluded expenses, the true cost of charging an EV is equivalent to $17.33-per-gallon gasoline — but the EV owner pays less than 7% of that.

So if the E.V. owner pays less than 7% of that massively inflated cost to “fuel” a car, that means more than 93% of the financial burden falls on the taxpayer—as the NY Post authors also write:

This is socialism for the rich: a transfer of costs from higher net-worth individuals to middle- and lower-income taxpayers.

It’s the equivalent of levying taxes and fees on public-transportation users and those who walk or bicycle to work and using the money to reduce the price of gasoline.

At this stage, E.V.s, if forced to stand on their own, are an utter failure, and as I noted in my previous blog, bad ideas and inferior products only find security in a “free” market… rigorously controlled by big government fascists. If our market were truly free, an extremely expensive car that can spontaneously combust, only works in a limited temperature range, occasionally malfunctions and locks occupants inside before rolling backwards into bodies of water, and costs $17.33 per “gallon” to “fuel” up, would be dead on arrival—as it should be.