A comprehensive new study of electric vehicles found that the total cost of running them, when government subsidies are factored in, is significantly higher than commonly believed.
They give evidence that “the average model year (MY) 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. … 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.”
The complete costs of "fueling" an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new analysis from the Texas Public Policy Foundation says.
https://www.thecentersquare.com/national/article_a609f8aa-7443-11ee-83d3-df5b22909078.html
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