Let Them Buy Electric Cars!
President Biden channeled Marie Antoinette yesterday: "For the hundreds of thousands of folks who bought one of those electric cars, they’re going to save $800 to $1000 in fuel costs this year,” Biden said, referring to the $112,595 electric Hummer pickup he test drove at a General Motors factory in Detroit earlier this month. The least expensive new electric car is the 2022 Nissan Leaf, with a starting price of $28,375. You can get a used Leaf cheaper, but they're still more expensive than comparable gas-driven cars. But not many people currently suffering from high gas prices will come out better, since trading in a gas-driven car will bring a new, higher car payment no matter what. Another issue is vehicle range. Available models start at about 100 miles, which for many commutes is a single round trip. Recharging can take from 30 minutes to 12 hours, so you can't just swing by the corner gas station to fill up. Longer trips other than commutes are problematic...