Electric Vehicles Scar Our Environment

Yes, Tesla Included: Week#12

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Last week, we published FSR 0.00%↑ a death machine.

What consumers expect from electric vehicles (EVs) does not match what manufacturers are delivering. EV intenders want 20-minute charging times, a 350-mile driving range, and to pay less than $50,000 for a car with decent insurance and maintenance price points. The EV market can not deliver that.

Despite borrowing trillions of dollars for “green” subsidies, the United States will not have the infrastructure in time to meet the administration’s proposed climate program.¹

According to a Boston Consulting Group study, only one EV on the market—the Hyundai Ioniq 6 SE RWD Long Range model—meets those thresholds: charge, range, and price point. See the below image:

On average, automakers lose about $6,000 on each EV they sell for $50,000 after accounting for customer tax credits. In addition, auto manufacturers are burning billions of dollars, causing environmental havoc while manufacturing cars that consumers will not buy. Over the next few weeks, we will share:

1. EVs scar the environment far worse than ICEs

   -Mining (Lithium, Cobalt, Manganese, and Nickel)

   -Ecological devastation & Greenhouse Gas Emissions

2. Vehicle Whole Life Carbon Emissions Analysis (03/27/2024)