Electric Vehicles are more expensive than you think

A common trope in American politics, is that wealthy liberals love electric cars and vote for politicians who will subsidize them. They also want government orders to build them. Many conservatives feel almost compelled to oppose E.V.s.

The Anderson Economic Group believes that conservatives shouldn’t love or hate E.V.s. They should instead insist on one powerful principle. Those who buy and drive E.V.s must do so with their own funds. The simplest way to influence public opinion is the best: Let people know how much it costs.

Michael Fumento made a comment in this publication about conservatives’ reflexive resistance to E.V.s. Fumento argues that this is wrong and E.V.s offer advantages that need to be recognized. Unthinking antipathy towards any technology is absurd, we agree. However, Mr. Fumento commits the same mistake as others by confusing the Anderson Economic Group s cost comparisons with advocacy journalism for E.V.s. Co-authoring those reports, I would like to emphasize our core principle. We don’t push anyone to purchase E.V.s. We tell them how expensive they are.

The Recent EV Study identified four fueling categories for E.V.s as well as internal combustion engines (ICE). These include the price of gasoline, diesel or electricity, the road excise tax, the cost to charge for roads, the pump, charger, and driving distances to gas stations or charging stations. These costs are well-known to Americans for both diesel- and gas-powered cars. Road taxes are an additional cost that is added to the gasoline and diesel fuel per gallon prices.

The same is not true for electric vehicles. Most consumers are unaware of the true costs associated with EV fuel because:

First, E.V.

First, the E.V. It is necessary to decompose energy usage by charging source and account for complex tariffs.

Second: Consumers must include the installation and cost of the charger if they plan to charge their devices at home.

Third: Electric vehicle owners can avoid the federal fuel tax. A special E.V. is required in half the U.S. States. In lieu of state road taxes, the price of gasoline or diesel fuel will be subject to a tax.

Fourth: Drivers must drive to and from E.V. If they are traveling far from home, charging points can be a problem. These stations are not as common as gas stations so they can be more expensive.

Fifth many E.V. Users consider charging as “free,” even though some charging for commercial purposes is subsidised by utilities and government agencies. But electricity and charging devices are not free and users need to know how much they have to pay.

The AEG reports meticulously add each category and compare them apples-to-apples for both vehicles. After removing hidden costs, it is clear that E.V. fuel cost often higher , than similar ICE vehicles. Indeed, in 2021 a typical mid-priced E.V. A luxury E.V. will cost you slightly more. It takes less fuel to run than similar ICE cars.

For example, a consumer driving a mid-priced EV about 12,000 miles a year who obtained most of his energy at home paid about $10. 34 in fueling costs to drive 100 miles. Counting the same costs, a similar ICE vehicle cost approximately $10.79. E.V. drivers reliant upon commercial chargers–e.g., those who travel extensively and those who cannot charge at home–the cost was closer to $14. 34 per 100 miles.

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This shouldn’t surprise. It is expensive to charge and fuel equipment; gasoline and electricity aren’t free. Also, roads can be costly to construct and maintain. Driving either an E.V. All costs associated with an ICE vehicle or the aforementioned vehicles will be incurred.

Conservatives are open to studies like those by the Anderson Economic Group that show the real cost of key consumer goods. It is important that we insist on the end of government subsidies to one group of consumers at the expense for others. In this, we can join liberals in an obvious demand: stop subsidizing auto purchases with incentives that heavily benefit the wealthy. It should be jarring to see that 78 percent of the federal EV tax credits have gone to Americans with incomes over $100,000. Taxpayers who use public transport, walk or bike and pay for expensive E.V.s bought by wealthy households will be liable. This is a violation of public policy.

Americans need to be able to make informed decisions about car purchases. The Anderson Economic Group urges you to access our complete report , and find out about the true costs of driving ICE and E.V. vehicles. Our results are not edited to suit political windings. We instead give information to consumers and taxpayers that allows them to make their own decisions.