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True cost of fueling an electric vehicle may be as much as $17.33 per gallon of gas

Posted on 10/27/23 at 6:46 am
Posted by Death Before Disco
Member since Dec 2009
6225 posts
Posted on 10/27/23 at 6:46 am
Interesting, if true.
quote:

EV advocates claim that the cost of electricity for EV owners is equal to $1.21 per gallon of gasoline (Edison Electric Institute, 2021), but the cost of charging equipment and charging losses, averaged out over 10 years and 120,000 miles, is $1.38 per gallon equivalent on top of that. Adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline. And these estimates do not include the hundreds of billions more in subsidies in the Inflation Reduction Act (2022) for various aspects of the EV supply chain, particularly for battery manufacturing. It is not an overstatement to say that the federal government is subsidizing EVs to a greater degree than even wind and solar electricity generation and embarking on an unprecedented endeavor to remake the entire American auto industry.
quote:

Key Points
• The cost of producing electric vehicles (EVs) is far higher than the prices they are being sold for . Nearly $22 billion in federal and state subsidies and regulatory credits suppressed the retail price of EVs in 2021 by an average of almost $50,000 .
• Thanks to an unlawful multiplier, EVs receive nearly seven times more credits under federal fuel efficiency programs than they provide in actual fuel economy benefits.
• Regulatory credits with bonus EV multipliers from federal fuel efficiency and greenhouse gas emissions standards and state EV sales mandates provide an average of $27,881 in benefits per vehicle for producers of EVs .
• Home and public charging stations used by EVs put a significant strain on the electric grid, resulting in an average of $11,833 in socialized costs per EV over 10 years, which are shouldered by utility ratepayers and taxpayers .
• Direct state and federal subsidies for EVs average $8,984 per vehicle over 10 years


LINK
Posted by nicholastiger
Member since Jan 2004
43801 posts
Posted on 10/27/23 at 6:53 am to
When the politicians give up their gas vehicles and gas planes I’ll think about it
Posted by Tshiz
Idaho
Member since Jul 2013
7662 posts
Posted on 10/27/23 at 6:54 am to
Get this logic out of here. Democrats won’t believe it
Posted by WB Davis
Member since May 2018
2239 posts
Posted on 10/27/23 at 6:55 am to
Texas Policy Foundation is a right-wing advocacy group funded by Koch Industries and private prison owners.

I'm no fan of electric vehicles, but I wouldn't call this a credible source of information.

RA'd for Poli board.

ETA (via WP):



This post was edited on 10/27/23 at 7:33 am
Posted by el Gaucho
He/They
Member since Dec 2010
53545 posts
Posted on 10/27/23 at 6:56 am to
And having to tell your parents you’re gay
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89807 posts
Posted on 10/27/23 at 7:00 am to
Boondoggle.
Posted by White Bear
Yonnygo
Member since Jul 2014
14245 posts
Posted on 10/27/23 at 7:04 am to
quote:

True cost of fueling an electric vehicle may be as much as $17.33 per gallon of gas
it’s because of the oil and gas depreciation and subsidies. billjamin korkstand et al where y’all at bebe??
Posted by LSUfan4444
Member since Mar 2004
54291 posts
Posted on 10/27/23 at 7:18 am to
Sweet...I didnt know all ICE vehicles needed was gasoline. It's a good thing prices for those vehicles didn't rise at all during supply chain shortages in 2022 and that they are immune to that problem.

Thank goodness for right wing foundations publishing unbiased studies that show the real truth so we can all be informed and see things from all angles.
Posted by Arkapigdiesel
Arkansas
Member since Jun 2009
13504 posts
Posted on 10/27/23 at 7:19 am to
quote:

electric vehicle
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99845 posts
Posted on 10/27/23 at 7:21 am to
No shite...

Anyone with even half a brain could figure that out.

Which is why people of a certain political persuasion cannot.
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
13343 posts
Posted on 10/27/23 at 7:26 am to
And... still gotta generate electricity. Which is at capacity in some area... using fossil fuels for the most part.
Posted by Hopeful Doc
Member since Sep 2010
15058 posts
Posted on 10/27/23 at 7:32 am to
My buddy sent me his stats on the number of miles he drove and his fuel cost at the superchargers.



Over 4700 miles, his model 3 was cheaper to drive than my f150 by a whopping $60.


I told him I’d keep the truck.
Posted by Death Before Disco
Member since Dec 2009
6225 posts
Posted on 10/27/23 at 7:51 am to
For the record, I’m not against EVs. You want to drive an EV, go ahead. I’ve looked at a few myself.

I’m against the government using my tax dollars to manipulate the EV market on the pretense of “saving the environment” when this is really just about money.
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5544 posts
Posted on 10/27/23 at 8:03 am to
Now do the true cost of gasoline without government subsidies
Posted by LegendInMyMind
Member since Apr 2019
55537 posts
Posted on 10/27/23 at 8:51 am to
I saw something I had never seen before last week, a Tesla broke down on the shoulder of the road. It wasn't just broke down, it had been flagged, which means it had been there for a few days at least. I forget what the colors of the flags mean, but they dictate when the vehicle will be towed by the city/state if the owner doesn't make arrangements.

I don't go that direction very often, so I don't know what became of it. But, that's how I know that Teslas have broken into the mainstream.
Posted by SaintEB
Member since Jul 2008
22829 posts
Posted on 10/27/23 at 8:54 am to
quote:

True cost of fueling an electric vehicle may be as much as $17.33 per gallon of gas


The article's numbers may be accurate, but I don't think they are all relevant.

For instance, grid stabilization is a cost that will be encumbered by utilities for just typical load growth. As subdivisions come up in rural areas, this is a concern. Surely, EV charging will make that come faster and sooner, but coming none-the-less. This has to be accounted for and not solely on EVs.

Is the full article taking in to account maintenance savings? (I didn't read it). Or even battery replacement costs inside of 10 years?

I think there are too many factors to make this number a blanket cost. And it may be too complicated to get accurate numbers, which is exactly how they want it.
This post was edited on 10/27/23 at 8:56 am
Posted by stelly1025
Lafayette
Member since May 2012
8572 posts
Posted on 10/27/23 at 9:06 am to
EVs are not sustainable.For people in large cities it can work ,but long haul with weight not a chance. Maybe as technology advances we can get to a position where they will be as efficient as a modern Internal Combustion Engine ,but that is definitely not in then near future. If we are looking at a future away from gas/diesel my money is on Hydrogen ,but they have challenges as well. Hybrids are also an option, but the globalist/global warming nuts are out of thier mind if they think gas/diesel is going anywhere anytime soon.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
34828 posts
Posted on 10/27/23 at 9:18 am to
quote:

The cost of producing electric vehicles (EVs) is far higher than the prices they are being sold for . Nearly $22 billion in federal and state subsidies and regulatory credits suppressed the retail price of EVs in 2021 by an average of almost $50,000 .


I'm never going to own an EV, I'll always drive a gas truck. I do think the Hummer truck is bad arse though. The performance stats on it is pretty impressive.

But I don't believe this stat. Or the 17+ a gallon either. Just statements from a non credible source and no proof of research.
Posted by slinger1317
Northshore
Member since Sep 2005
5934 posts
Posted on 10/27/23 at 9:20 am to
The OT has a hardon for EV's

I will never understand it.
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
31260 posts
Posted on 10/27/23 at 10:29 am to
If we are going to use every single cost associated with an EV to make comparisons, we need to do the same with an ICE. We need to look at any subsidies given O&G companies and the cost of road repairs associated with trucking millions of gallons of gasoline.

Ultimately, both ICE and EVs have a place. For me and the way I travel an EV other than a hybrid would make no sense. For a person who solely exists in an urban environment with lots of charging options and does not travel more than 200 miles round trip, an EV makes a lot of sense and for urban areas with significant smog issues, EVs also make a lot of sense. For most of the Gulf South, I don't think EVs are a great option.

Ultimately, people should be able to decide for themselves based on what they can afford and what they need.
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