No fewer than three separate auto manufacturers — Porsche, GM and Audi — ran ads featuring electric vehicles during the Super Bowl this year. With 30-second spots going for at least $5 million a pop, you can bet the decision to run those ads didn’t come lightly.
A few weeks back, I wrote Tesla didn’t need another government bailout in the form of an expansion of the electric vehicle (EV) tax credit. Since then, the company announced some very impressive earnings: Tesla generated $24.6 billion in revenue in 2019 and produced a $105 million profit in the fourth quarter. Suffice it to say, the market has found its EV winner. Any additional talk about propping up this industry with taxpayer dollars overlooks the reality of the situation.
Hybrids largely beat out all-electrics in a new ranking of the most “environmentally friendly” cars, even as some automakers signal a turn away from hybrids for the future of their business. The scorecard, published yesterday by the American Council for an Energy-Efficient Economy (ACEEE), found that of the 12 cars that produced the least greenhouse gas emissions, nine of them were hybrids, compared to three all-electric models. Hybrids also constituted four of the top five vehicles on the list.
A recent government investigation found that nearly $74 million in taxpayer dollars may have been fraudulently claimed by individuals who did not qualify for that money. How were they able to do to that? Through the electric vehicle (EV) payout program. Over a four-year span, U.S. taxpayers filed 16,510 tax returns that potentially claimed fraudulent taxpayer money for purchasing EVs.…
Talk to an energy or climate wonk, and it’s almost an article of faith that the electric car is the next big thing. It needs to happen to solve climate change; the prices for batteries are dropping; it’s only a matter of time. But will that transition become apparent in 2022 … or in 2030?
The Transportation Fairness Alliance is a diverse set of organizations that support a competitive and equitable transportation sector. Collectively, we represent our nation’s manufacturers, small business owners, farmers and folks who pay utility bills. The Alliance was created because there are structural flaws in our transportation infrastructure system. Our goal is to shed light on those issues to ensure all…