Wednesday, July 20, 2022

Buttigieg Wants to Mandate Electric Vehicles. He's Wrong

The average new EV costs about $66,000.

  • Gas prices are predicted to rise as high as $6 a gallon this fall, according to an internal U.S. Treasury analysis, or even higher in J.P. Morgan's worst-case scenario
  • EVs are not the answer. They cost too much, and charging them is a logistical nightmare.

The fact is, the nation lacks the infrastructure to support a rapid total transition to EVs, and many states lack the electricity generation as well

  • Many of these problems are temporary.
  • In the long run, count on market ingenuity to solve the shortcomings of EVs and increase their affordability.
    Transportation Secretary Pete Buttigieg, considered the most likely Democratic candidate for president in 2024 after Joe Biden in the latest Washington Post ranking, says the solution to high gas prices is getting "most Americans" to switch to electric vehicles -- willingly or not.  

https://townhall.com/columnists/betsymccaughey/2022/07/20/buttigieg-wants-to-mandate-electric-vehicles-hes-wrong-n2610466 

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