Senator Josh Hawley just delivered a knockout punch to Biden's green agenda.
— Daniel Turner (@DanielTurnerPTF) January 11, 2024
The Biden Administration is paying China to produce electric cars and sell them to us.
Pure madness. pic.twitter.com/tYHjSRCRMT
As always Senator Hawley has done his homework.
A Texas Public Policy Foundation study analyzed how regulatory credits, hidden costs, and subsidies disguise the real cost of EVs. In 2021, $22 billion of government subsidies paid for by American taxpayers hid nearly $49,000 of the cost of producing each EV. To repeat: $49,000 of hidden costs per vehicle. These costs are borne by gasoline vehicle owners, taxpayers, and utility ratepayers, who are all paying a hefty price for someone else’s EV.
The left-wing fetish for EVs is wrongheaded, especially when it involves government command and expensive subsidies. The government should get out of the way and let the market work. Both American wallets and the environment would surely benefit.
And there is this little item called the national debt, Fred.
I don’t think people truly understand what is going on with all of this. Thanks for providing some good data.