If electric vehicles are as good as the Biden administration would have us believe, why are they so unpopular?
Even massively subsidized, average electric cars cost $22,000 more than ordinary cars with gasoline engines. These expensive and unwanted vehicles don't make up for their extra costs by being cheaper to operate. Back-end operating subsidies, which are different from manufacturing subsidies, reduce the direct cost of electricity to drivers to make it like buying gas at $1.21 per gallon, but the hidden costs of charging equipment and charging losses make the real cost $1.38 per gallon.
The Texas study does not even include costs for battery replacements and disposal. Nor does it venture to suggest that the mining of lithium for batteries can keep up with demand. It doesn't look at the environmental costs of lithium mining, which can pollute air and water with heavy metals, massively erode soil, use copious water and energy in mining, and disrupt wildlife habitats.
“We are also moderating the acceleration of EV production in North America,” she wrote, “to protect our pricing, adjust to slower near-term growth in demand, and implement engineering efficiency and other improvements that will make our vehicles less expensive to produce, and more profitable.”