• 4 months ago
During a Senate Budget Committee hearing on Wednesday, Sen. Sheldon Whitehouse (D-RI) spoke about electric vehicles.

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00:00with a couple of clarifications. First of all the word mandate has come up
00:07repeatedly during this hearing and I just want to make sure everybody
00:10understands there is no mandate. What there is is a tax incentive and for
00:15those of us who believe in traditional economic policy what the tax incentive
00:21is there to do is to offset the negative externality of all of the pollution that
00:28comes out of an internal combustion engine that society at large pays for
00:33but it's not baked into the price of the vehicle and you can go all the way to
00:37Milton Friedman to get the economic theory that supports that. Second EVs
00:44have been more expensive than internal combustion engines largely because of a
00:50market decision by the electronic vehicle innovators to come in at the
00:55high end of the market because Tesla for instance could compete with Maserati
01:01and Lamborghini on performance and so of course they came in at the high end of
01:08the market particularly when you're starting with small initial
01:11manufacturing runs but as the market has grown costs are now coming down to
01:18where it's maybe a thousand two thousand dollars difference between the average
01:21EV cost and the average internal combustion engine cost just around
01:25$50,000 in each case. There are available electronic vehicles that are
01:36less expensive than the average internal combustion engine now so depending on
01:41what you want to choose if you want to go and compete with Maseratis you can go
01:44to the high end but they're also cheaper than average internal combustion
01:50electric vehicle options and the last thing I'll point out is that while tire
01:59emissions are obviously real and tire emissions are greater from an electric
02:06vehicle than internal combustion vehicle because the electric vehicle is a
02:10heavier because of the battery and be higher performance because it's higher
02:14performance so you have more tire wear and that creates some additional measure
02:19of tire wear related pollution. To complain about that in the context of
02:27tailpipe pollution and tailpipe emissions calls to mind the old
02:32biblical verse about the moat in your own eye or the moat in your brother's
02:39eye compared to the beam in your own eye. The beam here is tailpipe emissions
02:47which pollute enormously and create massive climate risk and I agree that
02:54tire emissions need to be dealt with but if you put them to scale and compare
02:59their hazard for humankind and for local health there it's moat versus beam. So
03:06with that let me say the questions for the record are due by noon tomorrow with
03:10signed hard copies delivered to the committee clerk in Dirksen 624 in
03:15particular Ms. Gross and Dr. Jenkins if you could even perhaps coordinate on
03:21recommendations for us in that beak shaving space however you want to do it
03:25is fine but I'd love to get those in and we ask that our witnesses respond to
03:30those questions within seven days of receipt so that would be within a week
03:33if you guys could do that. With no further business for the committee the
03:36vote on the floor has already begun and our hearing is adjourned. Thank you.
03:44you

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