Electric Vehicles Will Increase Energy Poverty, Weaken Industry
.By Frank LaseeJanuary 19, 2021
Electric Vehicles Will Increase Energy Poverty, Weaken Industry(AP Photo/David Zalubowski)
Expect to see an influx of electric vehicles on the road throughout the next decade, as newly sworn-in President Joe Biden’s climate plan includes $400 billion in so-called clean energy expenditures.
His plan would mandate that, by 2030, the United States have seventeen times as many electric-vehicle-charging stations on the road. Since 2012, electric utilities have been allowed to spend $1.5 billion for transportation electrification across the United States.
Right now, there are nearly a billion dollars in utility requests to do even more. However, having all electric users and taxpayers dish out more money for electricity to support more affluent people who can afford expensive electric vehicles isn’t fair.
Increasing electric rates to support such programming, which inevitably happens when subsidies are involved, hurts poor and lower-income families the most. These families are often minority men and women who are then faced with tough budget choices. How is that environmental justice? Increasing electricity costs increases energy poverty.
https://www.realclearmarkets.com/articles/2021/01/19/electric_vehicles_will_increase_energy_poverty_weaken_industry_656795.html#!
