In an effort to control greenhouse gas emissions, the Environmental Protection Agency recently announced new, more rigorous fuel-efficient passenger cars and light-duty vehicles. The new standards will affect vehicles starting in the 2023 model year, and by 2026 vehicles are expected to reach an average of 55 miles per gallon, which is more than 35% of the current 4021 40 mpg level. EPA wants to install. Strict standards for 2027 models and above.
Auto factories say they will not be able to meet the new standards if they do not provide additional government subsidies for electric vehicles. EPA projects that can meet the 2026 requirements for automotive if electric vehicles cover 17 percent of sales.
The real purpose of high fuel efficiency standards is to impose an electric-vehicle order on the regulator, because Congress has little chance of enacting a law banning the sale of internal combustion vehicles.
Meeting the new standards will be a challenge for motorists. In the first nine months of 2021, 460,000 electric vehicles and plug-in hybrids will be sold in state-subsidized U.S. sales in California, covering about half of the total. In comparison, the Ford Motor Co.
In the same nine months, about 535,000 pickup trucks were sold.
Supporters of electric vehicles The main reason for the lack of charging infrastructure is that consumers do not want to buy electric vehicles, but other economic factors contribute to this reluctance.
Start with a price. Electric vehicles are more expensive than internal combustion vehicles. The average electric vehicle sells for $ 56,000 in September — $ 11,000 more than the average internal combustion vehicle. Electric-vehicle prices are rising, not falling as many fans have predicted. Tesla, which accounts for more than half of all EVA sales, has tripled the price of some of its models this year. Electric-vehicle sales are growing globally and supply restrictions are pushing up material prices. Lithium, a key component of EV batteries, has increased by 240% this year.
Many consumers do not seem to want what electric vehicles offer. Pickup cars are by far the most popular car in the United States. Ford and Tesla plan to start selling battery-powered pickups next year, but it is unclear what many consumers will buy. And those trucks cost $ 40,000 each for the most basic models, more than $ 10,000 for gasoline-powered trucks.
In real-world situations, the distance traveled by an electric vehicle is often less than the advertisement. Batteries have poor performance in extreme cold, reducing performance by up to 40%. High temperatures reduce battery performance by as much as 20%. Towing heavy loads reduces battery life. For those who drive hundreds of miles every day, it is not practical to spend hours charging Evan. It is impossible even when hurricanes cause power outages.
There is also a physical exchange between battery life and charging speed. It is best to charge the batteries slowly. Direct current chargers that can fully charge an electric vehicle in an hour or less reduce battery life because high currents increase the battery temperature. Although all batteries are depleted over time – another problem with electric vehicles is often overlooked by fans – fast charging slows down battery performance.
Proponents say the increase in subsidies for electric vehicles will reduce consumer spending. But just as colleges increase tuition costs when the government provides more subsidies and student loans, subsidies for the purchase of electric vehicles serve as an incentive for manufacturers to increase their cost and keep the subsidy to themselves. That is basic economics.
More electric vehicles will increase the demand for electricity, which will increase the cost. This reduces the benefits of owning an electric vehicle and increases the financial impact on low-income consumers who cannot afford to buy any car. EPA’s new dictatorship also encourages consumers to drive their existing high-polluting vehicles instead of replacing them with more expensive fuel-efficient vehicles.
New electric vehicles are more likely to cause more air pollution than newer combustion engines based on the country’s average power output, which is expected to reduce air pollution and greenhouse gas emissions. And even though all the electricity used to charge electric vehicles comes from zero emission sources, the resulting carbon dioxide emissions will not have a measuring effect on the global climate.
EPA’s new law harms consumers and does nothing for the environment. This is the reality of the environmental policies that the current administration is imposing.
Mr. Laser is the President of Continental Economics and a Fellow of the Manhattan Institute.
Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8