Covering a mule fritters sandwich with barbecue sauce still makes it a mule fritters sandwich. If this is so great, why is Biden not cruising around in one? How about all the EPA employees?
Tougher emissions rules will save consumers $1.6 trillion, White House says
The Biden administration’s plan to tighten tailpipe pollution limits on cars and light trucks — and propel electric vehicle sales — would generate as much as $1.6 trillion in savings for consumers through 2055, a top White House climate official said Tuesday.
The proposal, which would establish standards for model years 2027 through 2032 was unveiled Wednesday. It would yield big consumer benefits, White House National Climate Advisor Ali Zaidi said in an interview with Bloomberg News. That includes some $4,000 in savings during the initial years of auto ownership — doubling over the lifetime of the vehicle — and a newly compelled 80,000-mile, eight-year warranty for EVs.
The requirements will drive “astronomic benefits through public health” and “through fuel savings,” Zaidi said, amounting to at least $850 billion through 2055.
The proposed standards, the toughest in U.S. history, are designed to cap pollution allowed per mile, encouraging the sale of electric vehicles that do not produce tailpipe emissions. The limits on carbon dioxide, smog-forming nitrogen oxide and other pollutants are expected to pare respiratory ailments and premature deaths while combating climate change and unlocking consumer savings tied to maintenance.
So, they’re basically making the numbers up, and expecting consumers to keep the cars for 10+ years. The average right now is that people get a new car every four years, which factors in all the people leasing, which are rarely more than three years. Health benefits? Sure, because people won’t be able to afford the vehicles, unless they are taking out loans that are 7+ years. Yeah, I see some people get loans I didn’t expect them to get, much less at a decent rate. One was able to roll $8k in on a $20K vehicles. Another just got a $34K loan at 6.25Apr for 72 months, when she had only been approved for $21K 4 months ago. And others. But, those are outliers. They will not be the norm. Consider, an easy calculation is for every $5 financed that’s a $100 in payment on a 5 year loan at 6.97apr. That’s not that far off these days with the APRs so high.
The EVs will be priced high, because of the “tax savings”, and a lot of folks will simply not get approved based on credit, history, and income/debt.
They’re purely guessing at “health savings.” That is also not a direct saving. Less smog will be helpful, but, less CO2? Please. Cult.
And you know that the cost to charge them will go up up up.
As far as the 8 year warranty mandate, well, I’m not really finding any details on it, so, we’ll have to see what the actual details are, what it covers. But, again, that cost is passed on to the consumer.
Let me ask: if the savings are that great why are consumers not buying more EVs, and why is government coercion/mandates required? It makes no logical sense.
On a separate note, let me give you a story: had someone purchase a used 2022 Ford Maverick hybrid, only like 8K miles on it. We sold it for $33K. The Monroney label had the MSRP as just under $23K. It didn’t even have power mirrors. But, the Black Book data (you cannot see this on the web) had it at $35K. Why? Because they are in short supply, were selling well above sticker (when we bought it we paid above MSRP), and there’s a big demand for them used. That’s what you’ll see with EVs: selling above sticker and/or the manufacturers jacking the MSRPs up because of the “rebates”.
Read: Biden Regime Claims Tougher Emission Rules Will Save Consumers $1.6 Trillion Or Something »