The EO outlines President Joe Biden’s plan “for the U.S. to lead in electric vehicle manufacturing, infrastructure, and innovation,” by investing in:
* A national network of electric vehicle charging stations.
* Point-of-sale consumer incentives to spur U.S. manufacturing and union jobs.
* The retooling and expansion of the full domestic manufacturing supply chain.
* The next generation of clean technologies to maintain our competitive edge.
The Fact Sheet says that “Over the last decade, we have seen a transformation in the technology costs, performance, and availability of electric vehicles. Since 2010:
* “Battery pack costs dropped by 85 percent, paving the way to sticker price parity with gasoline-powered vehicles.
* “Average vehicle range increased dramatically as charging times shortened.
* “Electric models available to U.S. consumers expanded to over 40 last year – and growing.”
How much will all of this cost, and where will the money come from? The recently passed infrastructure bill earmarks $7.5 billion for electric vehicle (EV) infrastructure.
And, as CBS News reported: “A credit of up to $7,500 for an electric or plug-in hybrid vehicle. ... An additional $500 credit for a car with a battery pack made in the U.S. An additional $4,500 credit for cars assembled at a unionized U.S. plant. (Currently, only plants owned by GM, Ford, and Stellantis qualify [formerly, Fiat-Chrysler].)”
The provision is a tax credit — up to federal income tax owed — not a refund. And, CBS also noted that there is an income limit to the credit: You cannot make more than $500,000 for married couples and $250,000 for single buyers.
“This credit is at the point of purchase — it’s not a credit that you apply for,” Kristin Dziczek, senior vice president of research at the Center for Automotive Research, said. “It’s going to come straight off a loan or the price of the vehicle.”
So, the federal government will pay people to buy certain types of cars from certain manufacturers, and pay them more if they buy a union-made car. Why did that factor come into play? Was it because the unions opened their wallets?
And with these tax deduction incentives, won’t that cause an even larger deficit in the false concept that “it’s paid for?”
Even the best ideas have downsides. Here are some problems with electric vehicles.
Lithium is a part — the expensive part — of EV batteries, and it is getting more expensive these days. Where do we get lithium? Not here at home. Australia is the world’s biggest supplier, followed by Chile, Argentina, China, and Zimbabwe in the top five.
Lithium is finite, and it is becoming more expensive because of the demands made by automakers.
Coal-fired power plants are the single-largest source of greenhouse gas pollution in the U.S., yet that is what supplies electricity to charge electric cars. As EV use increases, so then will the demand for more electricity to charge them. One of the main reasons EVs are preferred over gas-burning vehicles is to reduce pollution.
After the two different kinds of batteries now used in EVs are no longer useful — after about 20 years — there is not yet a market for the used batteries to recycle them and their parts.
If you run out of juice on the road, you cannot get a jump start to get back on the road. If a problem with your electric motor develops, you cannot just take it down the street to the shop and find someone who can fix it. Dealers will be the only source of repair.
Speaking of “re-fueling” an EV, how long does that take? According to avtowow.com, “Charging most EVs using 220 volts will give you a full charge in as little as 3-4 hours to anywhere between 10-12 hours (depending on the battery size).”
And what about road-trips? “Charging electric vehicles using 440-volt systems during road trips adds a considerable amount of time to the trip. For example, a trip from Washington, DC to Little Rock, Arkansas could take 17 hours in a regular car,” avtowow.com says. Charging stops will add hours to the trip. And charging on a regular home’s 110-volt power supply could take up to 45 hours.
EVs may well be a sensible option for future transportation. But the industry is not yet up to speed, and won’t be for years. Trying to rush this “solution” into reality is foolish, and will likely make things worse, at least for a while. Which, of course, is usually not a consideration when liberals think they have a problem solved.
Better to let things develop at their own pace. The industry is working toward that end. It will take longer, but the result will be better. And, that will cost taxpayers less money.
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