Contrary to what you’ll hear from any financial adviser, Pete Buttigieg became the latest Biden administration member to offer a widely mocked solution to high gas prices; just buy an electric car!
Apparently there’s overlap between those who struggle to afford gas and those who can afford a new car in their world.
Speaking to MSNBC’s Jonathan Capehart, Buttigieg said; “Most of the physical infrastructure work was contemplated in the bill that was just signed, but there is more envisioned in the Build Back Better law. I’ll give you one example: It contains incentives to make it more affordable to buy an electric vehicle, up to a $12,500 discount in effect for families thinking about getting an EV. “Families that once they own that electric vehicle will never have to worry about gas prices again.”
It is of course true that an electric vehicle owner doesn’t have to worry about gas prices – but they would need to worry about shelling out an average $51,532 for an electric car, about $11,000 more than the equivalent gas powered car, and nearly $30,000 more than the average compact made car. Then there’s the fact that electricity isn’t free either, costing about $1.24 per “eGallon” (the amount of electricity needed to be equivalent to a gallon of gas).
Buttigieg’s comments come not long after Joe Biden said people are going to save $800-1000 in fuel costs per year while referring to individuals who purchased a $112,595 electric hummer.
Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros, Dumb and Dumber: How Cuomo and de Blasio Ruined New York, Debunk This: Shattering Liberal Lies, and Spygate
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