{"id":1476584,"date":"2024-07-10T23:00:00","date_gmt":"2024-07-11T03:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1476584"},"modified":"2024-07-10T23:00:00","modified_gmt":"2024-07-11T03:00:00","slug":"the-nationwide-500000-ev-charger-charade","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/the-nationwide-500000-ev-charger-charade\/1476584\/","title":{"rendered":"The Nationwide 500,000 EV Charger Charade"},"content":{"rendered":"

The Nationwide 500,000 EV Charger Charade<\/span><\/p>\n

\n

Authored by Geoffrey Pohanka via American Greatness,<\/em><\/a><\/p>\n

The word charade has several meanings, and including an act or event that is clearly false <\/strong>(Cambridge Dictionary), something done just for show<\/strong> (Vocabulary.com), or a situation in which people pretend that something is true when it clearly is not <\/strong>(Oxford Leaner\u2019s Dictionary).<\/em><\/p>\n

<\/a><\/p>\n

The charade I refers to is President Biden\u2019s $7.5 billion dollar investment to install 500,000 electric charging stations along America\u2019s highways\u00a0by 2030<\/a>. <\/strong>A reliable and convenient public EV charging infrastructure is critical to achieve the President\u2019s goal of meeting the recent EPA CO2 emission regulation that require nearly 72% of U.S. new light vehicle sales to be fully electric or plug-in hybrid by 2032. Without diving deeper into the announcement, one would likely assume that $7.5 billion is sufficient to construct the 500,000 charging stations, one every 50 miles along the nation\u2019s highways.<\/p>\n

To identify the charade, one must first, look at the math<\/strong>:<\/p>\n

500,000\u00a0charging stations, each with a minimum of four chargers, accomplished with an investment of $7.5 billion dollars.<\/strong><\/em><\/p>\n

But that is only $15,000 per charging station, installed. <\/em><\/p>\n

A single high capacity charger can cost $100,000 or more, and most stations have multiple chargers.<\/strong><\/em><\/p>\n

We are now in the second year of the program and\u00a0only seven stations<\/a>\u00a0have been opened so far. <\/em><\/p>\n

At this rate, it will require thousands of years to build all 500,000 charging stations, assuming there are sufficient funds to do so.<\/strong><\/em><\/p>\n

Global consulting firm McKinsey and Company estimates that the U.S. will need 28 million charging ports by 2030.<\/p>\n

There are just two million charging ports today.<\/p>\n

To meet the goal, about 12,000 new public and private charging ports will need to be added every single day to reach the goal\u00a0by 2030<\/a>.<\/p>\n

It is true that significantly more government funded charging stations are in the works and will be opened. <\/strong><\/p>\n

The stations completed so far cost significantly more than what has been promised.<\/p>\n

With retailers contributing land to the projects opened so far, the cost of each station has averaged one-million dollars, with the government participation of 80% of the cost.<\/p>\n

Eight-hundred-thousand dollars for each station is significantly more than the 15,000\u00a0committed by the administration. <\/strong><\/p>\n

At this rate, the 500,000 charging stations will cost the government $400 billion, not the $7.5 billion the President has promised.<\/strong><\/p>\n

If the administration is so wrong with this program, one must consider how many government programs designed to bring electric vehicles to the masses are similarly defective.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 07\/10\/2024 – 19:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/nationwide-500000-ev-charger-charade<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nationwide 500,000 EV Charger Charade Authored by Geoffrey Pohanka via American Greatness, The word charade has several meanings, and including an act or event…<\/p>\n","protected":false},"author":0,"featured_media":1476585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1476584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1476584"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1476585"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1476584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1476584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1476584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}