The Department of Energy has spent $130 million on electric vehicle (EV) charging stations of dubious value.
The most common EV chargers being subsidized cost $2,000-$3,000 and take almost 8 hours for a full charge.
So how long will people be parking at the Huntington, WV McDonald’s mentioned in this Wall Street Journal article? (Answer: Trick question. No one seems to own an EV in Huntington.)
The fast chargers, which require only 30 minutes for a full charge, cost $40,000 — plus installation.
What’s the future of EVs anyway?
Opinions vary on demand. J.D. Power & Associates expects all-electric vehicles will account for less than 1% of U.S. auto sales in 2018, or about 102,000 cars and light trucks. Including hybrids and plug-in hybrids the market share is forecast at 8%.
“The premiums associated with these products are still more than what the consumer is willing to bear,” says Mike VanNieuwkuyk, executive director of global vehicle research at J.D. Power.
There are continuous complaints the Republican Party represents the rich. Only the rich can afford electric cars. Thus subsidies for purchasing electric cars and charging stations only benefit the rich. These latest subsidies can be charged to the Democrats.
This statement most likely applies to all subsidies for renewable energy sources.
James Rust