Utility ratepayers kick in about $10,500 per EV

Could EVs Compete In A True Free Market?

It seems we’ve reached “peak EV,” with sales in trouble and assembly line workers losing their jobs. The hard truth is electric vehicle sales would have never reached the level they have if the government had not trespassed into private matters.

The EV troubles are all around. Sales are slowing. Unsold cars have piled up in lots. Surveys plainly indicate that fewer Americans want them. In response to dramatically slowing sales, Ford announced last fall that it was delaying $12 billion in EV investments. Which should surprise no one, considering that the company lost nearly $73,000 on each EV it sold in the second quarter of 2023.

At roughly the same time, General Motors walked away from its EV strategy. Mercedes was excited about its new EVs just a few months back but learned that customers weren’t thrilled about about them. Earlier this year Hertz decided it would dump as many as 20,000 of its EVs. Now Tesla is laying off 10% of its global workforce, meaning around 14,000 former employees will be looking for new jobs.

Rivian is also dropping one-tenth of its workforce. The company’s share price fell 15% when the announcement was made. Production at Lucid, another EV startup, is expected to be “much lower than Wall Street’s expectations,” Reuters reports.

Meanwhile, BYD, the Chinese EV maker that’s heavily subsidized by Beijing, has seen a sharp fall in sales.

For years EV sales have been propped up like a corpse by public policy. The incentives to buy what are considered zero-emission automobiles but clearly are not come at an obscenely high cost. Research by the Texas Public Policy Foundation found that “nearly $22 billion in federal and state subsidies and regulatory credits suppressed the retail price of EVs” by an average of nearly $50,000. Or put another way, “the average model year 2021 EV would cost $48,698 more to own over a 10-year period without $22 billion in government favors given to EV manufacturers and owners.”

Federal and state tax credits and rebates account for almost $9,000 of that sum. Another $4,800 in subsidies is attributed to state zero-emission mandates and credits funded by hidden fees on gasoline vehicles.

Then there are $19,000 in indirect subsidies created by the federal Corporate Average Fuel Economy standards – “which in recent years have been made increasingly stringent in order to make [internal-combustion engine vehicles] more expensive and to drive EV adoption,” says the paper – and more than $3,000 due to the Environmental Protection Agency’s greenhouse-gas emissions standard.

Utility ratepayers also kick in about $10,500 per car. They have to bear the costs of systems upgrades that are needed to handle the demand for more power to charge the battery cars.

On a level playing field, with no subsidies and no incentives for either EVs or internal-combustion automobiles, EVs would be nothing more than novelty items, toys actually, owned only by a wealthy few.

Article continues at https://issuesinsights.com/2024/04/19/could-evs-compete-in-a-true-f...




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Comment by Willem Post on April 22, 2024 at 6:30am

German, UK folks, and all other CO2-reduction/phobia fanatics have wasted many $trillions on hare-brained wind/solar/battery/EV/Heat Pump, etc., schemes

They have impoverished tens of millions of people in the process, because they are spreading THE TRUE FAITH, based on their science, to save the world

The elites have made oodles of $billions in the process, FOR DECADES.
You will NEVER hear of a halt for building private planes and yachts!!

Excerpts from:


Retained Energy in Atmosphere

Dry Air and Water Vapor
ha = Cpa x T = 1006 kJ/kg.C x T, where Cpa is specific heat of dry air
hg = (2501 kJ/kg, specific enthalpy of WV at 0 C) + (Cpwv x T = 1.84 kJ/kg x T), where Cpwv is specific heat of WV at constant pressure
1) Worldwide, determine enthalpy of moist air: T = 16 C and H = 0.0025 kg WV/kg dry air (4028 ppm)
h = ha + H.hg = (1.006T) + H(2501 + 1.84T) = 1.006 (16) + 0.0025 {2501 + 1.84 (16)} = 22.4 kJ/kg dry air
About 16.1 kJ/kg of dry air is retained by air and 6.3 kJ/kg by WV
2) Tropics, determine enthalpy of moist air: T = 27 C and H = 0.017 kg WV/kg dry air (27389 ppm)
h = 1.006 (27) + 0.017 {2501 + 1.84 (16)} = 70.5 kJ/kg dry air 
About 27.2 kJ/kg of dry air is retained by air and 43.3 kJ/kg by WV
h CO2 = Cp CO2 x K = 0.834 x (16 + 273) = 241 kJ/kg CO2, where Cp CO2 is specific heat 
Worldwide, determine enthalpy of CO2 = {(423 x 44)/(1000000 x 29 = 0.000642 kg CO2/kg dry air} x
241 kJ/kg CO2) @ 289 K = 0.155 kJ/kg dry air.
Retained energy, world: (16.1 + 6.3 + 0.155) kJ/kg dry air) x 1000j/kJ x 5.148 x 10^18 kg, atmosphere/10^18 = 1.161 x 10^5 EJ
Retained energy, Tropics: (27.2 + 43.3 + 0.155) kJ/kg dry air x 1000J/kJ x 2.049 x 10^18 kg, atmosphere/10^18 = 1,448 x 10^4 EJ. Some of the energy is transferred to other latitudes
The Tropics is a giant energy storage area, almost all of it by evaporating water.
CO2 plays a 100 x (0.155/70.655) = 0.219% role.  
About 35% of the Tropics energy is transferred, 24/7/365, to latitudes north and south of the 37 parallels, which do not get enough incoming solar energy.
Humans consumed 604/365 = 1.65 EJ/d, in 2022 

Comment by Willem Post on April 19, 2024 at 10:12pm

All these subsidies are used to keep these corpses on life support

At some point, wise people have to pull the plug and let these corpses die.


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


(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."


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