Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

No Need for Biden’s Electric Vehicle Subsidies

% of readers think this story is Fact. Add your two cents.


Chris Edwards

President Biden’s infrastructure plan includes $174 billion in subsidies for electric vehicles and charging stations. That would be a waste of taxpayer money because businesses are already pouring billions of dollars into EV research, production, and infrastructure, as noted here.

There are already tens of thousands of EV charging stations across the country in places such as Target parking lots. As businesses continue to invest, EV prices will likely come down, performance will improve, more EVs will be bought, and more charging stations will be installed by businesses. There is no need for further government subsidies.

A Wall Street Journal news piece on the weekend drove the point home. It reported on the wave of new consumer interest in EVs as quality improves:

“Hundreds of thousands of consumers have preordered either the Hummer EV, the electric pickup truck from U.S. startup Rivian or Tesla’s Cybertruck. More have expressed interest in electric SUVs such as the Toyota bZ4X and Mercedes‐​Benz EQB, and electric versions of pickups such as the Ford F-150 and Chevy Silverado, a close relative of the Hummer. These vehicles are advertised with promises of long battery range, high towing capacity, all the extras typical of midrange luxury vehicles—and hardly a mention of their eco‐​friendly bona fides.”

The Journal piece points to a survey that consumer interest in buying electric vehicles is rising in many countries. The share of Americans who say they would be willing to buy an electric vehicle increased from 34 percent to 51 percent in just the past year.

Google data show “consumer searches for electric trucks and SUVs have recently hit a high point after trending upward for years.” Analysts at Edmundsanticipate that 30 EVs from 21 brands will become available for sale this year, compared to 17 vehicles from 12 brands in 2020.”

Analyst Diane Katz has a more skeptical view of EVs here, and it also true that EV sales were soft in 2020. But EV sales are expected to rise strongly going forward, and the number of charging stations will continue to increase as electric utility firms get into the business. EVs appear to be the future, but we should get government out of the way so that businesses must lure consumers to them with price reductions and higher performance, not subsidies.

s



Source: https://www.cato.org/blog/no-need-bidens-electric-vehicle-subsidies


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.