It Can Take 10 Years to Break Even on an Electric Car
So are we going to let the dunces at central planning who have us on our way to a $50 trillion national debt, shove these scam-mobiles down our throats?
Despite slashing vehicle prices by as much as 20 percent in the U.S. market, the typical cost of a new electric vehicle is still approximately $17,500 more than a new gas-powered vehicle, according to the DailyMail.
However, proponents for electric vehicles argue that between the lower maintenance and fuel costs, this newer technology is cheaper in the long run when compared to traditional gas-powered vehicles.
But experts are claiming that it might take as long as six years to break even and even as long as ten years to see the premium pay off. However, depending on their income, some motorists are eligible for a $7,500 tax credit.
Charging an electric vehicle is the equivalent cost to filling up a tank with gas at $1 per gallon, according to the Natural Resources Defense Council. The average cost of gas in the United States was $3.53 a gallon on July 7.
Tilly Armstrong with the Daily Mail used the US Department of Energy’s calculator to compare the 2023 Volkswagen Tiguan and the 2023 Volkswagen ID 4 EV:
For example, if you compare the 2023 Volkswagen ID 4 EV – which costs around $38,995 – with the similarly sized 2023 Volkswagen Tiguan, which starts at around $26,950 – the electric car is $12,045 more expensive at the outset.
The calculator estimates that the electric car owner will save $1,404 a year charging their vehicle rather than filling up on gas.
By dividing the price premium on the EV by the estimated annual savings on fuel, it would take over eight years to break even on the purchase.
The full article is at the following weblink:
https://www.breitbart.com/economy/2023/07/08/it-can-take-10-years-t...
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Comment
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Comment by Thinklike A. Mountain on July 18, 2023 at 10:52pm
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Some EVs Are "Dirtier" Than Conventional Vehicles; New Study Finds
https://www.zerohedge.com/technology/some-evs-are-dirtier-conventio...
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Comment by Willem Post on July 10, 2023 at 5:44am
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Plus EVs get driven about 9000 miles per year, a gasoline vehicle about 11,500 miles per year, because EVs are not useful for longer trips, which imposes time-consuming, high c/kWh, extra charging on the road.
Many studies use the same mileage for both vehicles, but that is tilting the “analysis toward EVs.
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The more expensive EV has more sales tax, more insurance, and greater financing monthly payments
Those three items totally overwhelm any fuel cost savings
In addition, the EV of an CO2 is at least as much as of an efficient gasoline vehicle of the same size, over the same ten years, ON AN A-To-Z, LIFETIME BASIS, in this case 10 years, but EVs last less than 10 years, whereas, gasoline vehicles last more than 10 years
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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