The Cost of Going Green
The Cost of Going Green
Transportation is responsible for 27% of the United States’ greenhouse gas emissions, so those who want to do something about it are going electric. If they can.
The Inflation Reduction Act will keep the tax credit for electric cars going if it makes it through the House, but that doesn’t do much to help with the sticker shock. People who can’t afford the average $66,000 average sticker price (up 14% because of supply chain costs), who don’t have driveways or garages to install their own chargers, are stuck guzzling gas.
This is the macro version of the Whole Foods shopper. Going green is costly around the world, and with demand outweighing supply for electric cars, automakers have no reason to offer deals.
Infrastructure might be one place to start to even out the playing field (along with the tax credits), and the Biden administration is working to make that happen. People who rely on public chargers have to plot and strategize to get the equivalent of a nightly charge into their cars. More charging stations around the country could go a long way toward making these cars more accessible.
Or maybe someone needs to invent another alternative fuel that draws the richies away from EVs and makes demand/the price go down. We would all be winners then.
