Electric vehicles are 'direct wealth transfer' from owners of gas-powered vehicles to EV owners, experts say
One expert said 'all or nothing' EV push is 'one of the biggest energy policy blunders we've ever made'
Energy experts are warning about numerous potential issues for electric vehicles, including affordability, range, weather, infrastructure and economic concerns, even as the government and car companies increasingly push them on Americans.
Bryan Dean Wright, former CIA operations officer and host of the podcast "The Wright Report," told Fox News Digital that American society has shifted to EVs largely because some people are "just so hellbent on making sure that this transition happens, even if that means wrecking the economy, in terms of electricity, its reliability, the grid, getting brownouts or blackouts or economic wreckage by people who otherwise can't afford these new vehicles."
"That cost is being shouldered by buyers and car companies by raising the price of gas-powered vehicles, [which] is basically just a direct wealth transfer, just paying for EV subsidies and that will grow over time, if we continue to keep this regime in place," Brent Bennett, a policy director for Life:Powered, an initiative of the Texas Public Policy Foundation, told Fox News Digital.
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Bennett discussed the $7,500 federal tax credit for EVs, which he said "is one small part of the whole equation" when it comes to what the government is doing to subsidize EV production.
"We calculated that if you add on the socialized infrastructure costs, and then in particular add on California's zero emission vehicle mandate, which adds cost to all of us because the automakers have to pay to produce more EVs in California, and they spread that cost to the whole country, the federal fuel economy regulations alone are subsidizing each EV by about $20,000. Add all this together, and each EV is getting almost $50,000 in subsidies," he said.
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