By Samuel Strait, Report at Large β January 4, 2021 It would be a dreamβ¦
By Samuel Strait, Report at Large β January 4, 2021 It would be a dream come true if the current president could magically create 1,000,000 jobs out of thin air in the immediate future by manufacturing electric cars. I have been reading all day about the new Biden claim that this has become a priority for his administration to combat climate change, to put the United Auto Workers back to work, as well as giving them some hope that he hasn't totally stabbed them in the back with recent Executive Orders that weigh heavily on that segment of society. So how is all this going to work anyway? It seems that the plan is to invest heavily in encouraging the auto industry to convert over to carbonless technology. This means in most cases for the federal government to spend money on the production of vehicles that are all electric. To invest further in associated carbonless technologies, battery development, and improvement in overall carbon neutral transportation. Biden further intends to convert the national vehicle fleet to all electric and produce 500,000 charging stations scattered around the country. The thing is, many of these projects are well in hand in many places through out the country, without measurable interest in electric vehicles beyond a small number of the public. As I said in a previous article less than eight percent of the vehicle market is electric vehicles and a significant percentage of that is sales to various federal and state agencies. In order for that rather feeble response to electric vehicles to even become measurable, the current federal government already subsidizes much of that market. One of the key components of Biden's plan is to continue the subsidies of electric vehicles with more money yet. Unfortunately, much of the technology to make electric vehicles appealing does not yet exist, and those vehicles, such as Elon Musk's Tesla are exceptionally expensive. Another problem that has begun to surface in many newer models of vehicles, gas powered or electric, is the unreliability of much of the electronic technology found in the vehicles themselves. When you add to the fact that even the most basic models of electric vehicles can be up one third more expensive than similar fossil fuel vehicles, it can be hard to talk about lower maintenance costs down the road. People simply do not want to hear about cheaper repairs when you are buying a new vehicle. Then there is the minor problem of where Biden plans on getting the billions of dollars to accomplish this transformation of not only the roads in America, but American's love of their cars. Granted there are no dates set for this transformation, and the plan continues to be vague about where the money is to come from. Biden has yet to face the projected serious decline in tax revenues all due by April 15th. Of course the previous remedy has been to either borrow or print more money, neither of which will benefit the citizens of this country.