Driving Electric Isn’t Cheaper, After All

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According to the political left, the answer to rising gas and oil prices is simple: Simply switch to electric. In fact, it’s been something the Democratic Party and, more specifically, the Biden White House has been pushing for years now.

And slowly but surely, the American people, or at least some of us, are convinced that electricity might be better if only to save us from spending up to $5 per gallon or more on gasoline or diesel fuel.

However, as more and more make that switch, many are learning that they aren’t really saving all that much if anything. In fact, it could be said that they are now paying even more, to drive than ever before, depending on where they live.

So, if you are planning on switching to electric vehicles in the near future, we want to make sure you know exactly what you are getting into, cost-wise.

For starters, and as I am sure you have figured out if you’re looking into buying electric or even hybrid vehicles, the average cost is a bit higher than those of their gas-guzzling counterparts. Even lower-end EVs start out at about $30,000, which few Americans can do comfortably.

You might say, ‘yeah, but after the initial purchase, you no longer have to pay for gas or the ever-rising tax on it, so it all evens out in the end.’

Ok, so let’s assume you buy an EV, never having to purchase gas unless you need it for your mower or something. But as the governments in many states have noted, you are still using roadways and infrastructure that the gas tax you are now no longer paying helps to fund. And that, according to them, isn’t fair.

So they’ve come up with a solution. Instead of getting your money from the gas tax, they have decided to tax or impose a few extra fees on things like your annual vehicle registration.

At least 30 states have recently begun adding new fees and taxes to their budget plans made just for EV and hybrid owners. And 12 more have plans to do similar.

Take Kentucky, for instance. Here, WPTV reported on Friday that registration fees for EVS and hybrids will double in the upcoming months to help pay for infrastructure and make up for the loss of gas tax being paid by EV owners.

In Colorado, new registration fees will cost EV drivers $50 more than if they had a gas-powered car. And in Hawaii, be prepared to shell out an extra $225 per year.

But that’s not all.

In addition, some states are also considering things like charging taxes at gas stations to use their charging stations, adding extra fees to home electric bills for EV use, or even charging a per-mile tax on EVs.

Of course, that doesn’t include the average $2000 bill you’ll get for putting an EV charging station in your home or the higher monthly electric bills your home will incur as a result. And that’s on top of the already stretched thin American power grid.

And when your new EV has a problem, don’t assume you’ll pay the same repair prices as your neighbors. Nope, because EVs are relatively new, parts are far more expensive, as are labor costs. After all, there are only a handful or so of mechanics who are trained to work on EVs at the moment. And that means they can charge pretty much whatever they want to.

Undoubtedly, if the trend to go electric continues to grow, this last bit will eventually change and become much more comparable to repair costs of fossil fuel reliant cars. But we are far from there yet.

And if you needed anything else to worry about, it’s that precious lithium battery. Prices for these have skyrocketed some 472 percent in the last year, which of course, doesn’t help either initial vehicle or repair costs, as eventually, that battery will need to be replaced.

Part of that is because the lithium needed to power them is actually quite rare. (It also requires drilling and mining, just like gas…) In fact, according to Ford Motors, “all the world’s cell production combined represents well under 10% of what we will need in 10 years… Meaning, 90% to 95% of the supply chain does not exist.”

To put it simply, the world doesn’t have enough lithium to meet the demands we already have, let alone those Biden wants us to attain.

So not only will you actually end up paying far more going the electric route, but you’ll also be buying into an unsustainable industry. Of course, Biden doesn’t want you to think about any of that right now…