EVs Make No Sense for Those Who Buy or Build Them
The electric vehicles that our progressive overlords want us to drive do not make sense for either those who buy them or those who build them.
Regarding those who buy them:
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric.
What gains? There are generous government subsidies, but the price of costly EVs tends to rise by the same amount as the subsidies, leaving only the opportunity to virtue signal — i.e., to showcase gullibility.
And now those battery packs are piling up in scrapyards in some countries, a previously unreported and expensive gap in what was supposed to be a “circular economy.”
Maybe they can bury the dead batteries in giant landfills next to all the unrecyclable wind turbines.
Insurance premiums are expected to rise due to cars getting scrapped because minor collusions ruin the batteries that are not cost-efficient to replace.
It already costs more to insure most EVs than traditional cars.
According to online brokerage Policygenius, the average U.S. monthly EV insurance payment in 2023 is $206, 27% more than for a combustion-engine model.
As for those who build them:
Ford Motor expects its electric vehicle business unit to lose $3 billion this year …
Ford projects [electric vehicle] cumulative three-year loss from 2021-2023 at $6 billion, including a pro-forma loss last year of $2.1 billion.
Yet they plan to double down on producing still more of them, presumably in response to pressure from Big Government.
Why do Democrats want us to drive them?
We can’t take their greenly righteous rhetoric at face value, because EVs are environmentally harmful.
Maybe the point is to make us more reliant on our communist Chinese adversaries, who have our president on their payroll.
More likely, the objective is to progressively end individual transportation.
On tips from Anonymous, Wiggins, Chuck A, and Bluto.
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