American author Alex Epstein said the US government spending on electric vehicles is wasteful. .“Because it’s really forcing us to use something inferior,” said Epstein in an interview on Fox Business. .“And then something inferior that threatens the viability of our grid.” .The video starts off with Fox Business host David Asman saying Ford has lost more than US$66,000 for every electric vehicle it has sold.."GM has similar losses," said Asman. .“They say they’ll be positive in a few years, but we just saw the bankruptcy of an EV truck maker that was called Lordstown that was pushed by both Republicans and Democrats.” .Asman said “we’re funneling even more tax dollars into these money losers.” He asked if this spending will ever pay off. .While Epstein is in favour of making electric vehicles cost effective, he said US President Joe Biden is trying to mandate them. He said the $2 billion the US government has spent on electric vehicles is minuscule compared to its goal of 67% of all vehicles being electric in the next nine years. .Epstein said people are choosing not to buy them at inflated, subsidized prices because they are cost ineffective..Ford's electric vehicles range in price from US$42,995 to $64,995. GM's prices range from US$26,500 to US$27,800 for the Chevy Bolt model, up to US$300,000 for a top-end electric Cadillac..He added the US has “a grid that's already teetering on collapse and we’re talking about dramatically increasing demand for reliable electricity while we're reducing the supply of reliable electricity.”.“So we’ve got to just get this fascist behaviour out of government and let EVs compete on a free market,” he said. .Epstein said at a talk hosted by the Alberta Prosperity Project (APP) at the Westin Calgary Airport in October governments across Canada have to promote fossil fuel development to create a fairer world. .READ MORE: Author says world needs more Canadian oil and gas to prosper.“It is tough to persuade people about energy issues because they have been indoctrinated,” he said. .He called anti-fossil fuel movement “one where millions of people could die if they succeed.”
American author Alex Epstein said the US government spending on electric vehicles is wasteful. .“Because it’s really forcing us to use something inferior,” said Epstein in an interview on Fox Business. .“And then something inferior that threatens the viability of our grid.” .The video starts off with Fox Business host David Asman saying Ford has lost more than US$66,000 for every electric vehicle it has sold.."GM has similar losses," said Asman. .“They say they’ll be positive in a few years, but we just saw the bankruptcy of an EV truck maker that was called Lordstown that was pushed by both Republicans and Democrats.” .Asman said “we’re funneling even more tax dollars into these money losers.” He asked if this spending will ever pay off. .While Epstein is in favour of making electric vehicles cost effective, he said US President Joe Biden is trying to mandate them. He said the $2 billion the US government has spent on electric vehicles is minuscule compared to its goal of 67% of all vehicles being electric in the next nine years. .Epstein said people are choosing not to buy them at inflated, subsidized prices because they are cost ineffective..Ford's electric vehicles range in price from US$42,995 to $64,995. GM's prices range from US$26,500 to US$27,800 for the Chevy Bolt model, up to US$300,000 for a top-end electric Cadillac..He added the US has “a grid that's already teetering on collapse and we’re talking about dramatically increasing demand for reliable electricity while we're reducing the supply of reliable electricity.”.“So we’ve got to just get this fascist behaviour out of government and let EVs compete on a free market,” he said. .Epstein said at a talk hosted by the Alberta Prosperity Project (APP) at the Westin Calgary Airport in October governments across Canada have to promote fossil fuel development to create a fairer world. .READ MORE: Author says world needs more Canadian oil and gas to prosper.“It is tough to persuade people about energy issues because they have been indoctrinated,” he said. .He called anti-fossil fuel movement “one where millions of people could die if they succeed.”
