Electric vehicles are fleecing us out of billions
January 22nd, 2024|119 Comments
When you buy a new internal combustion vehicle, you are also paying for someone else’s electric vehicle.
While the subsidies are egregious enough, it turns out EV manufacturers are fleecing us out of billions, and doing it with government help.
Attorneys Michael Buschbacher and James Conde explain at The Wall Street Journal:
When carmakers test gasoline-powered vehicles for compliance with the Transportation Department’s fuel-efficiency rules, they must use real values measured in a laboratory. By contrast, under an Energy Department rule, carmakers can arbitrarily multiply the efficiency of electric cars by 6.67. This means that although a 2022 Tesla Model Y tests at the equivalent of about 65 miles per gallon in a laboratory (roughly the same as a hybrid), it is counted as having an absurdly high compliance value of 430 mpg. That number has no basis in reality or law.
https://www.cfact.org/2024/01/22/electric-vehicles-are-fleecing-us-out-of-billions/
