CBO: Electric Vehicle Subsidies to Cost $7.5 Billion With Little Benefit. Anyone really surprised?

By Rob Janicki

I thought I had better feature this article and its message before it fell down the MSM rabbit hole, never to be seen again throughout eternity.  Now get a good grip.  The CBO, that renown nonpartisan Congressional Budget Office heralded as such by liberals, is reporting that electric vehicle subsidies, with a cost to taxpayers of $7.5 BILLION dollars, provide those same taxpayers little in return, unless you're one of those sophisticated latte drinking liberals who directly benefits from buying a Chevy Volt subsidized by taxpayers out the ying yang.

The following three paragraphs from Mark Modica at National Legal and Policy Center  are only the tip of the information iceberg on the CBO's report, just enough to hopefully whet your appetite to read the entire article.

Regarding federal tax credits for electric vehicles, the CBO report analyzes the short term effects stating they "Will have little or no impact on the total gasoline use and greenhouse gas emissions of the nation's vehicle fleet over the next several years." Longer term they "Can affect gasoline consumption and emissions if future revisions to the CAFE standards are influenced by current sales of electric vehicles and expectations about future sales." The longer term scenario seems to be predicting an improvement in overall gas consumption and emissions only if CAFE standards are raised even further, thus requiring motorists to buy more expensive, more fuel-efficient vehicles.

The cost to Americans for the government's green madness that has put an all-in focus on plug-in vehicles at any cost goes far beyond the $7.5 billion estimated by the CBO. There are state subsidies that are not included as well as ancillary subsidies, such as for EV chargers and battery development. Then there is the rising cost of all vehicles as a result of auto manufacturers having to spend more as a result of higher federal fuel efficiency standards.

The most egregious aspect of the wasteful policies is that the manufacturers are being forced to build cars (like the Chevy Volt and Nissan Leaf) that help them to meet CAFE standards, but that consumers do not actually seem to want to buy! The overall result is that, by offering plug-in cars that few want, manufacturers can build lower-efficiency vehicles that are offset by cars like the Volt. The non-partisan CBO confirms this by stating, "However, the tax credits have other, indirect effects: Increased sales of electric vehicles allow automakers to sell more low-fuel-economy vehicles and still comply with the federal standards that govern the average fuel economy of the vehicles they sell (known as CAFE standards)."...

Thanks to liberal progressive idiot politicians and their sycophants hanging on their every word, we are so f**ked that we may never be able to recover.  But, then again, that's the basis of Obamacare once in place.  Green energy initiatives simply share the same end, but are possibly reversible should 51% of Americans ever recover from their state of mass schizophrenia. Yeah, I'm talking to all the liberal progressives out there with an arrogance the size of the Grand Canyon and the common sense of a rock.