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| Economy |
| New research reveals how EV, emissions mandates are inflating costs for gas-powered cars, utilities |
| 2025-04-01 |
| [FoxNews] Government subsidies for electric vehicles (EVs), combined with a regulatory credit system for vehicle emissions, are leading to rising automobile and utility costs, a new report from the American Energy Institute (AEI) reveals. Increasingly stringent Corporate Average Fuel Economy and greenhouse gas tailpipe emissions standards have forced gas-powered vehicle manufacturers to produce more EVs. As a result, this has siphoned auto manufacturers' resources away from gas-powered vehicle production and toward EV production, ultimately pushing the costs of gas-powered cars higher, according a report by the AEI. If auto manufacturers do not produce enough EVs to meet state and federal standards, they are forced to buy into a credit system to offset their emissions production, inevitably creating another avenue where additional costs are transferred to consumers, according to the report. Utility costs also see an impact, AEI's report points out. State and federal subsidy and rebate programs for EV charging infrastructure, while beneficial for utility companies' profits, lead once more to increased costs that are subsequently passed on to rate payers. Forty states offer rebates for in-home level two chargers, while at the federal level, rebate and subsidy programs for EV charging infrastructure received an investment of roughly $7.5 billion under former President Joe Biden. "By distorting the market with regulatory credits, subsidies, and behind-the-scenes rulemaking, federal agencies are shifting costs from affluent EV buyers to working-class Americans — while straining a grid that’s already under pressure," said Jason Isaac, co-author of the report and the founder and CEO of AEI. "This isn’t about consumer choice or energy innovation. It’s administrative overreach that leaves Americans paying more to drive and to keep the lights on." |
| Posted by:Skidmark |
| #1 Dept of Energy was established to get more energy not to reduce per capita use of energy. Another department that needs to be radically downsized as it lost its mission focus. |
| Posted by: Procopius2k 2025-04-01 07:52 |