A recent Wall Street Journal article, titled “How Electric Vehicles Could End Car Ownership as We Know It,” has confirmed a fear that has long been at the heart of automotive enthusiasts.
Now, the promised “electric car revolution” has come at a substantial cost to the American taxpayer and the environment, with only disappointing results.
With taxpayers currently footing the bill, automakers can afford to accept the market realities of people rejecting electric vehicles. The inconvenient truth, though, is that consumers are navigating to traditional options like SUVs in droves.
General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Regardless, the environmental impact of electric vehicles remains bleak. To manufacture electric vehicles, automakers need rare earth from places like China, which comes at a devastating environmental cost.
Another recent Wall Street Journal article noted that if electric vehicles were adopted worldwide, it would bring little environmental benefit and barely reduce global emissions:
A new study from Arthur D. Little finds that, over its lifecycle, an electric car will generate just 23% fewer greenhouse gas emissions than a gasoline-powered car. If every car on earth were electric, this translates into a mere 1.8% decline in total emissions.
Not only do electric vehicles cost the environmental and taxpayers, but the evolution of electric vehicle and driverless cars comes with a cultural price tag.
The freedom of choice that Americans have enjoyed for decades in their transportation could soon be ending abruptly, not by the choice of consumers or voters, but rather by government fiat. As elegantly written by The Federalist’s Rich Cromwell :
This is still America, dammit. A place where we value opportunity and choice. Yes, we do have an “atavistic attachment” to various aspects of our culture, including cars.