The Cost Of Driving An Electric Vehicle

if evs were actually viable we wouldnt need our tax money to subsidize it

05.03.23
SEN. WHITEHOUSE ON FOSSIL FUEL SUBSIDIES: “WE ARE SUBSIDIZING THE DANGER”

Washington, D.C.—U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following opening statement at today’s hearing entitled, “Who Pays the Price: The Real Cost of Fossil Fuels.”
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But the really big subsidy is the license to pollute for free. The IMF calls this global free pass an “implicit” fossil fuel subsidy. Economists call it an “unpriced externality.” Behind these benign-sounding phrases is a lot of harm.
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You tally up the harms, and the IMF estimates it at a $5.4 trillion annual subsidy worldwide. In the United States, it’s $646 billion – every single year.
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It is not about debts or deficits. It’s dirty work for an industry that controls one of the main political parties in this country. Oil and gas extraction represents only about 5 percent of GDP. Farming, manufacturing, food and beverage, insurance, finance, restaurants, retail, housing, healthcare – all represent a larger share of GDP. Clean energy now accounts for more employment than the fossil fuel industry. But for political influence, to protect those massive subsidies, nothing compares to fossil fuel.