{"id":98516,"date":"2023-12-12T17:09:56","date_gmt":"2023-12-12T23:09:56","guid":{"rendered":"https:\/\/milesfortis.com\/?p=98516"},"modified":"2023-12-12T17:09:56","modified_gmt":"2023-12-12T23:09:56","slug":"98516","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=98516","title":{"rendered":""},"content":{"rendered":"

True cost of charging an EV is equivalent to paying $17.33 a gallon of gas, per new report<\/a><\/p>\n

In October, I wrote an\u00a0essay<\/a>\u00a0on a \u201cbombshell report\u201d from a Texas think tank \u201cwhich revealed that the actual cost of rechargeable cars and the E.V. industry is, in reality, much higher than they\u2019re leading us to believe.\u201d<\/p>\n

The report is around 20-pages long, so I was only able to cover one of the explosive revelations\u2014the average battery-powered car (E.V.) would cost \u201capproximately $48,698 more to own over a 10-year period\u201d were it not for the \u201cstaggering\u201d handouts from the taxpayer via an extortionary and feckless government\u2014but there were more.<\/p>\n

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\u2019s not the end of it; from an\u00a0item<\/a>\u00a0published by the New York Post:<\/p>\n

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

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 \u2014 but the EV owner pays less than 7% of that.<\/p>\n

So if the E.V. owner pays less than 7% of that massively inflated cost to \u201cfuel\u201d a car, that means more than\u00a093% of the financial burden falls on the taxpayer\u2014as the NY Post authors also write:<\/p>\n

This is socialism for the rich: a transfer of costs from higher net-worth individuals to middle- and lower-income taxpayers.<\/strong><\/p>\n

It\u2019s 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.<\/p>\n

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 \u201cfree\u201d market\u2026 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 \u201cgallon\u201d to \u201cfuel\u201d up, would be dead on arrival\u2014as it should be.<\/p>\n","protected":false},"excerpt":{"rendered":"

True cost of charging an EV is equivalent to paying $17.33 a gallon of gas, per new report In October, I wrote an\u00a0essay\u00a0on a \u201cbombshell report\u201d from a Texas think tank \u201cwhich revealed that the actual cost of rechargeable cars and the E.V. industry is, in reality, much higher than they\u2019re leading us to believe.\u201d … Continue reading “”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-98516","post","type-post","status-publish","format-standard","hentry","category-econuts"],"_links":{"self":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/98516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98516"}],"version-history":[{"count":1,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/98516\/revisions"}],"predecessor-version":[{"id":98517,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/98516\/revisions\/98517"}],"wp:attachment":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}