Thursday, May 05, 2022 by Mary Villareal
President Joe Biden and the Democrats have launched an all-out effort to force Americans to buy electric vehicles, claiming that they offer cost benefits for drivers. That couldn’t be further from the truth.
Right off the bat, there are the increasing costs of charging an EV. In the U.S., it will cost up to $2,000 to install a charging station at home – not to mention the higher monthly home electric bills that come with it. With the nation’s already delicate power grid, electric cars will only add to the problem.
Repairs are also more costly because the EV market is new. Moreover, few mechanics are trained to repair them, so drivers will have to find repair shops, fewer and farther between, with higher labor costs due to the supply and demand.
Then, there are higher insurance premiums. Because EVs are more expensive to build and repair, fixing and replacing them involve greater risks for insurance companies, leading to higher premiums.
Some drivers who already have electric vehicles discovered that the government has no intention of letting them enjoy the supposed cheaper costs as new taxes await.
With Biden’s disastrous energy policies sending gasoline prices upwards of $5 per gallon, many Americans are forced to buy a hybrid or an electric vehicle. However, with various local, state and federal governments taxing each gallon of gasoline, going electric will just mean that these taxes will morph into new taxes. And taxes don’t generally make lateral moves: They always go up, not down.
Already, more than 30 states have started adding new taxes to their books for hybrid and electric car owners to make up for the loss in gasoline tax revenue, and EV drivers are now having buyer’s remorse for the costs it will incur them.
Kentucky is now set to double the registration fees for hybrids and EVs because gas taxes won’t affect them, with others raising fees on hybrid and electric vehicle owners.
The National Conference of State Legislatures wrote last year that a growing policy trend is applying separate registration fees for certain hybrid or electric vehicles. “These fees come in addition to standard motor vehicle registration fees and proponents support the fees to bring equity among drivers by ensuring all drivers pay for using roadways.” (Related: Electric cars aren’t going to save the Earth – or California.)
Other governments are also considering making up for the lost gas taxes by adding them to charging stations, adding higher fees to home electric bills, and charging a per-mile vehicle tax.
Ohio’s Director of Transportation Jack Marchbank said it is not fair to expect drivers of gas-powered vehicles to bear the brunt of road taxes while EV drivers get off scot-free.
“Up until this point, if you were driving an EV or a hybrid to the extent that you are not using gasoline you were not helping support the system on which you depend,” he said.
The new registration fees will range from $50 per year in Colorado to a whopping $225 per year in Hawaii.
But the new taxes are not the only hidden costs of buying EVs. In March, it was estimated that the price of lithium, which is needed for EV batteries, has soared 472 percent year-over-year.
Moreover, Ford Motors noted that the world does not have the resources and supply chain to push the bulk of Americans into getting EVs. The company reported that it lost $3.1 billion on its electric cars, while Ford’s EV CEO RJ Scaringe noted that the world simply can’t meet the demands for EV battery packs. (Related: SHOCK as green energy insiders admit 90% of supply chain does not exist to build electric cars.)
“Put very simply, all the world’s cell production combined represents well under 10 percent of what we will need in 10 years. Meaning, 90 percent to 95 percent of the supply chain does not exist,” Scaringe said.
While this is expected to even out in the coming years, it is a costly concern for now. And the hidden costs will cause hybrid and EV owners to blanch at the costs they never knew they were getting themselves into when they followed Biden’s advice to go electric.
More news about electric cars can be found at RoboCars.news.
Watch the video to know more about the dark side of owning electric vehicles.
This video is from the Truth Health Freedom channel on Brighteon.com.
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